Associate, Risk Manager - Third Party Risk

About this role

Job Description

Business Overview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks.  RQA’s mission is to advance the firm’s risk management practices and deliver independent risk advice and constructive challenge to drive better business and investment outcomes. While fulfilling this mission, RQA provides quantitative analysis and evidence-based insights to many of BlackRock’s businesses, helping to promote the spread of best practices across the firm. RQA promotes BlackRock as a leader in risk management by providing independent top-down and bottom-up oversight to help identify investment, counterparty, operational, regulatory, technology, and third party risks.

RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation, diversity and the development of future leaders.  We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose.

Third Party Risk

Third Party Risk Management works with internal and external business and risk partners to identify the risks that existing, and potential, third parties introduce to BlackRock and our clients, and assess controls to mitigate those risks through initial and ongoing due diligence, incident management and performance monitoring. BlackRock’s third parties include fund operations providers, technology vendors, index and market data providers, distributors and real asset service providers where BlackRock owns or is responsible for operating a physical asset.

Key Responsibilities

• Lead global and regional third-party risk reporting, including developing, tracking and analyzing risk indicators.

• Collaborate with multiple internal business, sourcing and risk teams, to identify, test, monitor and escalate third-party risks as part of the second line of defense.

• Support the head of third party resilience risk with interfacing with senior management, committees, clients and regulators.

• Support head of third party resilience risk to implement and evolve the risk management framework for critical and high-risk third parties, including on testing third party vulnerabilities and configuring continuous monitoring tools for third party risks.

• Challenge third-party risk management processes and controls, escalate issues for remediation and analyze data and trends to raise awareness of potential risks to senior management.

• Work with partner teams to support rollout and embedding of new third-party risk platform.

• Support preparation of agenda and materials for the Third Party Risk Oversight Committee.

• Support the development of firmwide third-party risk training.

• Escalate significant third party operating events and trends as well as facilitate business engagement meetings and risk control self-assessments (RCSA) for stakeholders.

Experience

• Ideally 5+ years of enterprise risk or third party risk management related experience, preferably within the financial services industry.

• Experience with regulators and regulatory requirements for managing third parties (e.g., OCC, CBI, EBA, FCA) and influence the evolution of the risk framework to meet heightened expectations.

• Proven and effective written and verbal communication skills.

• BS/BA required, preferably Business, Finance, Risk Management -CTPRP designation a plus.

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 hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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.