About this role
Director, Third Party Resilience Risk, RQA Enterprise Risk Management
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
Program leadership and management
- Own the firm’s framework and policy for managing third party risks, with a particular focus on resilience-related risks for critical third parties.
- Coordinate with stakeholder groups to ensure clear roles, responsibilities and accountability.
- Collaborate with internal business stakeholders, including risk partner and enterprise vendor governance teams, to monitor, escalate and oversee the remediation of third-party risk issues identified.
- Represent BlackRock’s third party risk program to relevant regulators (e.g. OCC).
- Lead Third-Party Risk Management for Americas region.
Framework enhancements
- Develop a testing program to challenge third-party risk management resilience-related processes and controls across the business to help identify vulnerabilities with critical third party and counterparty relations, in alignment with wider testing programs (e.g. global operational resilience testing).
- Maintain and evolve program to review and test critical third-party exit and replacement strategies.
- Expand insights gained through the use of continuous monitoring of the firm’s critical and high risk third-party supply chains, to scale the firm’s efforts to detect, assess and manage emerging third-party risks.
- Mature the firm’s oversight and assessment of third party concentration risks.
Experience
- Ideally 10+ years of enterprise risk or third-party risk management related experience, preferably within investment management.
- Experience developing a third-party risk testing program, particularly focusing on operational resilience.
- Established, or ability to establish, strong business relationships with partner functions (e.g. Information Security and Enterprise Resilience) while exerting challenge to influence the evolution of the risk framework and/or business processes.
- Proven and effective written and verbal communication skills to all levels of the organization including external regulators and Boards.
- BS/BA required, preferably Business, Finance, Risk Management -CTPRP designation a plus.
- Working knowledge of third party regulatory requirements, e.g. Third-Party Relationships: Interagency Guidance on Risk Management, Digital Operational Resilience Act, EBA Outsourcing Guidelines, and/or Operational Resiliency local regulatory requirements.
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.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
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.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.
BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.Skills Required
- 10+ years enterprise risk or third-party risk management experience, preferably in investment management.
- Experience developing a third-party risk testing program focused on operational resilience.
- Proven ability to build strong relationships with partner functions (e.g., Information Security, Enterprise Resilience) and exert challenge to influence frameworks.
- Proven and effective written and verbal communication skills to all levels of the organization, including regulators and Boards.
- BS/BA degree (preferably Business, Finance, Risk Management).
- Working knowledge of third-party regulatory requirements (e.g., Interagency Guidance on Risk Management, DORA, EBA Outsourcing Guidelines, local operational resiliency requirements).
- Certified Third Party Risk Professional (CTPRP) designation.
- Experience representing third-party risk programs to regulators (e.g., OCC) and leading regional TPRM efforts (Americas).
What We Do
As the world’s largest asset manager, BlackRock partners with investors around the globe to help them (and those on whose behalf they invest) plan for life’s most important goals – like retirement, home ownership and their children’s education. Our clients range from governments, foundations and other large institutions to those investing on behalf of individuals, including firefighters, nurses, teachers and factory workers. BlackRock was founded with the idea of creating a better asset management firm — one that was purpose-driven, focused on clients and risk management, and propelled by data and technology. Our breakthrough Aladdin® platform is BlackRock’s technological backbone, helping investors see and manage their whole portfolios in one place – from constructing investments to monitoring risk and executing trades. Used by hundreds of external institutions around the world, Aladdin combines powerful analytics and a common language to help investment teams make faster, more informed decisions across public and private markets. It’s a key part of our business and one of the reasons we’re trusted to manage more assets than any other investment manager today. At BlackRock, we challenge conventions and raise the bar for what’s possible. We harness technology to unlock new solutions, simplify complexity, and deliver investment strategies that meet people where they are. Whether it’s retirement planning, wealth building or navigating market shifts, we’re here to help clients invest more easily, more affordably and with more choice as we chart a path toward financial well-being together. Learn more: Careers.BlackRock.com
Why Work With Us
Without our people, technology is irrelevant. When we combine the power of people with the power of technology, we amplify our ability to create better outcomes for our employees, clients, shareholders and society alike.
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BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
