Compliance Monitoring and Testing Team, Associate at BlackRock

Edinburgh, Scotland, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Prior experience in compliance monitoring, internal audit, other testing experience or with a financial regulator
Understanding of the asset management sector
Strong knowledge of regulatory requirements and focus areas
Strong written and verbal communication skills
Confidence engaging with and managing relationships with a broad range of stakeholders across business areas and leadership roles
Enthusiastic, collaborative, creative, diplomatic, decisive, self-motivated
Thrives in a fast-paced, deadline-oriented environment

Responsibilities

Assist in the planning, preparation, and socialization of the annual compliance monitoring and testing plan (CMTP), including performing compliance risk assessments in collaboration with regional and global L&C stakeholders
Execute key components of the CMT Team’s monitoring and testing programme, e.g., delivering the scoping, execution and reporting of CMT tests and reviews, including: (i) undertaking extensive scoping and planning activities to develop comprehensive test plans/testing matrices; (ii) drafting cohesive reports/working papers for CMT reviews; (iii) presenting findings and recommendations to senior management within L&C and senior business stakeholders
Support the execution of four types of reviews: Regular Testing, Targeted Testing, Focused Reviews, and Deep Dive Reviews, depending on the nature and severity of compliance risks
Assist in the tracking of identified issues and action plans to validate remediation efforts, as well as escalate to relevant stakeholders where required
Prepare and deliver management information used for senior management, boards and committee postings
Develop strong partnerships and collaborate with key stakeholders within business as well as L&C department both regionally and globally
Contribute to the delivery of strategic projects and initiatives as part of ongoing programme enhancements
Build an understanding and awareness of BlackRock’s business, product platform and its operational and regulatory control environment
Develop strong subject matter expertise on specific regulations, particularly relevant to BlackRock’s business activities regionally and globally, including maintaining up-to-date knowledge of changes in key regulatory requirements, regulatory focus and risk themes impacting BlackRock
Proactively identify, analyze and escalate key regulatory risks identified as part of risk assessment and/or compliance monitoring activities
Support ad hoc testing and exposure assessments as directed by the Global Head of Compliance or Global CMT Head, applying proportionate documentation standards

Skills

Compliance Monitoring

Regulatory Risk Assessment

Stakeholder Engagement

Risk Management

Compliance Testing

Review Execution

Reporting

BlackRock

About BlackRock

New York City, New YorkHeadquarters

1988Year Founded

$78,647.7MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

Benefits

Health Insurance

Unlimited Paid Time Off

Mental Health Support

Wellness Program

401(k) Retirement Plan

Risks

FDIC scrutiny could lead to regulatory challenges for BlackRock.

Workforce reduction may indicate internal financial pressures or strategic shifts.

Involvement in Yangzijiang Shipbuilding exposes BlackRock to geopolitical risks.

Differentiation

BlackRock's Bitcoin ETF, IBIT, reached over $50 billion in assets quickly.

The firm is developing a layer-2 tokenized real-world asset platform on Ethereum.

BlackRock's partnership with Frax Finance enhances its stablecoin market presence.

Upsides

IBIT's success attracts a broader range of cryptocurrency investors.

The Ethereum platform positions BlackRock as a leader in blockchain financial services.

Partnership with Frax Finance enhances digital finance offerings and compliance.

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