Compliance Associate

About this role

BlackRock Company Description:

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide.  As of December 31, 2024, BlackRock's assets under management (AUM) totaled US$11.6 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®.  For additional information, please visit the Company's website at www.blackrock.com

Role Description:

The Australasian Compliance function is responsible for ensuring BlackRock Investment Management Australia Ltd (BIMAL), BlackRock Investment Management NZ Ltd (BIMNZ), Global Infrastructure Management Advisory Ltd (GIMA) - collectively, Blackrock Australasia, fulfil their local regulatory obligations and that BlackRock compliance policies and procedures are applied in relation to them.

Australasian Compliance is part of the APAC Compliance Program, and that Program informs its operations.  The Program recognizes the Australasian Compliance function is responsible for local entity compliance support, notably including monitoring compliance with local entities’ Australian Financial Services Licenses (AFSLs), and with local regulatory obligations.

Australasian Compliance is also responsible for a range of compliance activities comprising; Regulatory Engagement & Development, Enterprise Compliance (including Monitoring & Surveillance, development of and Policies and Procedures), Core Compliance (employees’ personal obligations), Financial Crime, Investment Advisory Compliance, and Marketing & Distribution.  The APAC Compliance Program ensures Australasian Compliance benefits from APAC functional expertise and support in relation these functions.

The Vice President/Senior Associate will support the Australasian Compliance function in fulfilling its responsibilities.  This newly created role recognises the increased responsibilities of the Australasian Compliance function in supporting global mergers between BlackRock and key strategic entities.  It also recognizes the increased focus of the Australasian Compliance function in relation to Private Markets generally, as Australasian Compliance works increasingly closely with the APAC Advisory compliance team to properly support local Private Markets investors.

Responsibilities:

Initial responsibilities will be primarily focused on:

Fulfilling recurring compliance obligations, including for example:

• Review of marketing materials;

• Providing compliance input in relation to client due diligence requests and requests for proposals (RFPs);

• Completion of periodic attestations;

• Preparation of governance papers; including in relation to the BIMAL Compliance Committee, BIMAL & GIMA Boards, and Australasian Risk & Controls Committee;

• Liaising with External Auditors to facilitate the audit of the BIMAL Compliance Plans;

• Co-ordinating the annual assurance process in relation to the BIMAL Compliance Plans;

• Assisting with regulatory filings; and

• Assisting with monitoring regulatory reforms and developments in Australia and NZ where relevant to BlackRock Australasia

Providing advice in relation to the operation of local regulation and BlackRock policies and procedures; for example, in relation to Marketing & Distribution, Conflicted Remuneration, Fund Disclosure, and Design & Distribution Obligations.

Supporting the Australasian Compliance team and key business stakeholders in fulfilling ad hoc projects.

Qualifications / Experience Required:

• At least 3-5 years of regulatory compliance experience, ideally in investment management, and including both Public & Private Markets.

• Basic understanding of the Australian regulatory environment insofar as it applies to investment management, and in particular registered managed investment schemes.  New Zealand regulatory understanding is not required, but would be beneficial.

• Basic understanding of investment products (preferably both ETFs and unlisted managed funds).

• Self-motivated individual, with a commitment to excellence.

• Acute attention to detail and highly organised.

• A self-starter who thrives in a team orientated culture.

• Ability to collaborate and operate across a network of teams.

• A keen interest in further developing regulatory compliance expertise.

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 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, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.