Financial Crime, Associate, EDN

Edinburgh, United Kingdom
Mar 18, 2023
Apr 02, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Legal and Compliance at BlackRock

BlackRock's Global Compliance Department protects BlackRock's reputation and provides advice to the business focused on ensuring the protection of our client's best interests. The department is a dynamic environment with the team focused on understanding evolving business strategy, challenging and advising on the impact of regulation in our business, with the objective of:
  • Actively participating in business decisions to champion our clients' interests and assist the business in translating Compliance into their daily work and decision making;
  • Putting client interests at the center of everything we do;
  • Cultivating and enhancing BlackRock's compliance culture;
  • Providing thought leadership on the impact and implementation of regulation to our business and to the market; and
  • Developing and fostering excellence within the Compliance team.

Role Description

An exciting opportunity has arisen for an Associate to join our team in Edinburgh. The role is to support the Firm's global fraud framework and will involve working with the wider Financial Crime team in addition to key partners in Legal and Compliance, Finance, Information Security and Enterprise Security on both proactive and reactive initiatives. In addition, it will involve liaising with different business areas globally to provide advice and expertise on fraud risk and controls to prevent, detect and respond to fraud. As such, an audit or risk background would be extremely beneficial.

The candidate will report into Global Fraud Risk Lead to assist with execution and continued build out of key elements of the global fraud risk framework.

Key Responsibilities:

  • Work closely with the Global Fraud Risk Lead in executing key elements of the overall global fraud risk framework and building out proactive fraud program
  • Investigate potential fraud, including analysis of relevant data and write up of findings
  • Support the Firm's annual fraud risk assessment in conjunction with Finance
  • Review fraud escalations, collate and prepare fraud metrics and reporting for management by collecting and analyzing information
  • Liaise with local Money Laundering Reporting Officers in relation to fraud events and potential Suspicious Activity Reporting requirements
  • Liaise with business stakeholders and risk partners to review processes, provide advice, and enhance fraud awareness and controls
  • Identify fraud risks, potential concerns or control issues/ enhancements and ensure that appropriate corrective actions are developed and implemented.
  • Support in creating and delivering fraud awareness training (both computer based training and face to face)
  • Form strong relationships with key stakeholders in the business, Financial Crime Compliance and other control functions

Development Value:

  • This is an opportunity to work in a global role with colleagues across a broad set of functions. The fraud team is small providing an opportunity for personal growth and working across a spectrum of fraud risks. In addition, this is a new role in the Edinburgh office that will provide an opportunity for the successful candidate to build their profile and raise awareness of fraud and Financial Crime locally.

Knowledge/ Experience:
  • The successful candidate should have a minimum of 3 - 5 years of relevant experience which may include forensic or investigations roles, fraud risk management, operational risk or audit related roles
  • The candidate will need experience in risk identification and mitigation and good attention to detail
  • The candidate will need experience in drafting policies and procedures, performing risk assessments, data analysis, and metrics reporting.
  • Excellent oral and written communication and business partnership skills.
  • Adaptability and working as part of a global team in a fast-paced environment.
  • Teamwork skills, the candidate must be flexible in their work style and be able to work appropriately with stakeholders and colleagues at all levels and across multiple time zones.
  • A proactive approach to business issues, identifying areas of improvement and enhancement including the automation of processes
  • Experience working in financial institutions, asset management or consulting firms would be an advantage
  • Accounting or risk related qualification such as the Accredited Certified Fraud Examiner (ACFE) would be beneficial, although not essential.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; 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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
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