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Analyst/Associate , Operational Risk Specialist, Enterprise Risk Management

Gurgaon, India
Closing date
May 27, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Business Overview
The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock's fiduciary and enterprise risks. RQA's principal objectives are to advance the firm's risk management practices and to deliver independent risk expertise and constructive challenge to drive better business and investment outcomes.

RQA is committed to investing in our people to increase individual enablement and ultimately build a stronger team. Our goal is to create a culture of inclusion which encourages collaboration, innovation, diversity and the development our future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strength connect with our purpose.
RQA-ERM Operational Risk
The Operational Risk team within Enterprise Risk is responsible for all aspects of operational risk, including error investigation and resolution, new product and business change risk assessments, risk reporting / analysis, leading risk reducing projects and the maintenance of the operational risk framework, including facilitation of risk and control self-assessments.
Key Responsibilities:
As an Analyst/Associate in the RQA Enterprise Risk function, you will be part of a newly formed Incident Response team in Gurgaon. The team is part of the global Enterprise Risk team and operates in a fast-paced environment involving frequent interactions with global first line business leaders. The newly formed team will support the firm's operational risk framework by fulfilling the following key responsibilities:
  • Serve as a first point of contact for all operating events reported by all BlackRock business lines. This includes guiding first line management on appropriate steps to close exposures created by errors
  • Manage operating event investigation from beginning to end; root cause analysis, validating impact, reporting to senior stakeholders, and influencing accountability for process improvements
  • Use the firm's rich operating data, KPIs and incident data to hypothesize, analyze, monitor, report, and escalate trends in the operating environment
  • Define the operating event workflow for the firm, drive efficiency, improve user experience and lead projects to enhance the Enterprise Risk systems
  • Lead in the development, maintenance, and execution of firmwide operational risk training
  • Prepare risk reports and analysis to support management & business in fulfilling their oversight responsibilities
  • A degree in Business, Finance or Risk Management-related field
  • Comfortable working in a fast-paced environment and running multiple high priority tasks with senior management visibility
  • 2-5 years of enterprise and operational risk management-related experience, preferably in financial services
  • An understanding of the fundamental principles of operational risk management, including error investigation and resolution, risk assessments, risk reporting and analysis and the necessity to react quickly when appropriate
  • An ability to explain complex ideas in simple but impactful terms and experience using effective communication, written and verbal, to influence outcomes
  • Strong interpersonal skills, writing and presentation skills and an ability to communicate with all levels across the organization and across different time zones
  • Strong analytical skills to identify emerging risks, summarize issues and explain risk trends
  • Conflict resolution and confidence in dealing with senior stakeholders
  • Programming (SQL, Python, etc.) and/or data visualization expertise, preferred but not required
  • Understanding of financial market instruments and Trade & Product Lifecycle would be beneficial
  • Knowledge of Aladdin is a plus


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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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

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