Compliance Monitoring and Testing, Vice President at BlackRock

London, England, United Kingdom

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

Minimum 7 years relevant experience
University degree or other equivalent professional qualification
Proven track record of leading deep dive regulatory or compliance reviews and targeted testing at a regulated firm, a regulator or leading consulting firm (candidates with internal audit or other testing experience preferred)
Understanding of the asset management sector
Strong knowledge of regulatory requirements and focus areas in the UK and European Union
Previously held relevant senior roles within a Compliance function, a leading consultancy firm or a regulator, demonstrating asset management/financial services expertise across a wide range of products and functions
Relevant, hands-on experience leading and executing deep dive regulatory compliance reviews and targeted testing
Understanding of regulation and risk assessment methodologies
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, and thrives in a fast-paced, deadline-oriented environment

Responsibilities

Assist in the planning, preparation, and socialization of the annual compliance monitoring and testing plan, 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 plan/testing matrix; (ii) drafting cohesive reports/working papers for CMT reviews; (iii) presenting findings and recommendations to senior management within L&C and senior business stakeholders
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 as well as globally
Lead/deliver 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 an 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
Execute against the annual testing plan to identify potential regulatory and/or conduct risks in certain areas of the firm
Coordinate with teammates and stakeholders across the firm to cover compliance reviews that assess adherence to policy requirements, regulatory requirements and effectiveness of overall governance and control frameworks

Skills

Compliance Monitoring

Regulatory Compliance

Risk Assessment

Compliance Testing

Asset Management

Financial Services

Stakeholder Management

Governance Frameworks

Control Frameworks

Regulatory Reviews

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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