Prudential Risk Specialist, Enterprise Risk at BlackRock

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, Asset ManagementIndustries

Requirements

A degree, preferably in Business, Finance, Risk Management, or a quantitative field
Excellent verbal and written English communication skills
Strong analytical skills with the ability to identify emerging risks, explain risk trends, understand and resolve issues, and communicate results with impact
Computer literate, with strong Excel skills
Integrity combined with high personal and professional standards. A strong commitment to excellence and ability to get a job done in the face of adversity
Strong interpersonal skills and an ability to communicate (verbal, written and presentation) across all levels within the organisation
Proactive self-starter, ability to learn quickly and to take initiative. Enthusiasm and energy combined with a clear sense of how to “make it happen”
Ability to work with key stakeholders to develop and implement solutions to reduce risks across the organisation
Solid understanding of risk management and/or regulatory frameworks, e.g. Investment Firms Prudential Regime or Capital Requirements Directive
Good teamwork skills

Responsibilities

Support enterprise risk assessments and documentation, such as Internal Capital Adequacy and Risk Assessment (ICARA), including the development and documentation of key risk scenarios and modelling for operational risk capital
Partner with business and risk partners to understand and quantify the financial impact of stress scenarios
Production of risk reporting for the Enterprise Risk team, Risk Owners, Committees and Boards
Enable oversight, challenge and reporting to business areas on risk management, design and effective operation of controls, including Risk & Control Self Assessments
Development and active promotion of the risk management framework and BlackRock risk-aware culture, including roll-out of prudential risk framework tools and training
Provide support for the development of risk appetite and risk profiling
Partner with colleagues across Enterprise Risk to synthesize risk reporting for oversight purposes
Support the preparation for, and response to, oversight reviews of the prudential risk framework (e.g. internal audit and regulatory reviews)

Skills

Risk Assessment

ICARA

Operational Risk

Stress Testing

Capital Adequacy

Liquidity Risk

Risk Reporting

Risk & Control Self Assessments

Risk Appetite

Financial Modelling

Scenario Analysis

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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