Associate, Internal Business Audit

Employer
BlackRock
Location
New York, USA
Salary
$109k - $130k
Posted
Dec 04, 2022
Closes
Jan 03, 2023
Ref
18007902
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

Internal Audit - Business Audit Associate

Role Description

Internal Audit serves as an independent assurance and advisory function at BlackRock that enhances and protects organizational value by providing risk based and objective assessment, advice, and insight. Our team is global, and our mandate is to objectively assess the adequacy and effectiveness of BlackRock's internal control environment to improve risk management, control, and governance processes. To maintain independence, Internal Audit reports directly to the Audit Committee of the BlackRock Inc. Board of Directors and administratively to the President of BlackRock, Inc.

Business Audit
The Business Audit Team audits all BlackRock business units, including investment and asset management, risk management, operations, finance, and legal and compliance and has staff in the US, Europe, and Asia.

The Internal Audit Associate will have the following responsibilities:
  • Engaging with BlackRock stakeholders to understand and document key processes and risks within a specific business unit
  • Preparing process narratives and briefing memos
  • Evaluating process design and operations to analyze the effectiveness and efficiency of these processes
  • Investigating and escalating issues identified during testing
  • Validating the remediation of issues
  • Performing regulatory and industry-driven audit reviews
  • Participating in ongoing business monitoring and optimization activities, such as:
  • Identifying emerging firm-wide and business risks, and understanding key changes in strategies and operating model through quarterly engagements with business management.
  • Completing quarterly risk assessments of business areas
  • Contributing to projects aimed at optimizing business processes and control activities
  • Providing advisory services during the development of new businesses and systems
  • Leading or contributing to global departmental projects
  • Developing and maintaining working relationships with BlackRock businesses and support functions, including acting as the primary Internal Audit business engagement liaison for one or more lines of business
  • Travel to regional and international locations may be required.


Skills/Qualifications
  • Undergraduate or graduate degree in finance, economics, accounting, or business management is preferred. BA/BS, or equivalent is required.
  • Prior financial services experience is strongly preferred, including understanding of financial instruments and asset management processes and risks
  • Interest in broad exposure to investment management, sales, trading, operations, risk management, finance and compliance activities in the asset management industry
  • Proficient understanding of current regulatory and industry events
  • Relevant professional certifications are a plus
  • Excellent communication (verbal, written, listening) and interpersonal skills
  • Ability to develop and maintain effective working relationships with peers and business partners
  • Intellectual curiosity and healthy skepticism
  • Ability to synthesize and articulate complex ideas
  • Critical thinking and problem-solving abilities
  • Strong project management, organizational, and presentation skills
  • Familiarity with Excel
  • Commitment and strong work ethic


For New York City only: The salary range for this position is $109,000 - $130,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock's current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.
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