Financial Crime Compliance, Vice President

About this role

Legal and Compliance at BlackRock

BlackRock's Global Compliance Department protects BlackRock’s reputation and provides advice to the business focused on ensuring the protection of our client’s best interests.  The department is a dynamic environment with the team focused on understanding evolving business strategy, challenging and advising on the impact of regulation in our business, with the objective of:

• Actively participating in business decisions to champion our clients’ interests and assist the business in translating Compliance into their daily work and decision making;

• Putting client interests at the center of everything we do;

• Cultivating and enhancing BlackRock’s compliance culture;

• Providing thought leadership on the impact and implementation of regulation to our business and to the market; and

• Developing and fostering excellence within the Compliance team.

Role Description:

This is an APAC regional role, with a primary focus on Australia and New Zealand.  The individual will operate across a broad range of financial crime risks, including money laundering and terrorist financing, sanctions, bribery and corruption and fraud.

This role will support all business areas of BlackRock, notably including alternative assets.

The candidate will report into the APAC Head of Financial Crime and will be responsible for delivering a financial crime strategy and framework in relation to all four financial crime risks articulated above, which is consistent with the global BlackRock framework.  This individual will work with the broader APAC Financial Crime team, based in Hong Kong and Taipei together with Australia Head of Compliance to help support them in their relevant AML and financial crime  regulatory responsibilities.

Key Responsibilities:

• Work closely with the APAC Head of Financial Crime to enhance the framework in relation to managing the risks of money laundering sanctions, fraud and bribery and corruption (“the four risks”), to ensure the business is compliant and meeting its fiduciary duties in Australia and New Zealand and, to a lesser extent, the wider APAC region.

• Coordinate with the Global Risk leads and Australia Head of Compliance as necessary on the compliance risk framework priorities and oversee required regulatory change management processes in Australia and New Zealand, as well as the region more broadly.

• Provide advice on the management of the four risks in relation to BlackRock’s infrastructure, private credit, real estate, and private equity investing strategy in the APAC region

• Oversee on a regional basis key transfer agent relationship for BlackRock’s APAC based private funds.

• As a result of the GIP acquisition and integration of that business assist in ensure the global and Australia financial crime framework is implemented in an adequate manner and provide oversight and monitoring of the framework as it applies to the GIP business

• Act as the designated AML officer of BlackRock’s legal entities in Australia and New Zealand, including supporting audit and regulatory inspections for the Australia and New Zealand businesses and reporting to internal governance bodies.

• Produce regular management information for both the APAC Head of Financial Crime and the APAC boards and committees, including structured quarterly reporting and appropriate annual reports on the risk framework

• Provide clear technical advice, guidance and training on all four risk areas to members of the business.

• Undertake monitoring, in line with the agreed APAC program, to ensure continuous review and monitoring of the financial crime risks associated with internal and external delegates and relevant service providers.

• Act as the primary regional escalation point of contact for complex transactions and high-risk client onboardings involving private funds.

• Partner with Legal to assist in oversight and compliance with financial crime requirements.

• Form strong relationships with key individuals within the business, compliance and operations.

Knowledge/Experience:

• The successful candidate should have 7+ years of experience in Financial Crime Compliance risk management at other financial institutions or consulting firms; experience working as an AML Officer in asset management firms is a strong advantage but is not essential.

• Considerable knowledge of Financial Crime regulations, financial services, and regulatory trends that impact the Asset Management industry in APAC, its products and/or its underlying institutional and corporate client base

• The successful candidate should be experienced in policy and procedure writing and be confident in performing risk assessments and creating a monitoring program.

• A strong understanding of the requirements of an Australian based asset management program and an ability to manage change due to new regulations is advantageous.

• Strong working knowledge Australian, EU and OFAC Sanctions; together with an understanding of Fraud and Anti-Bribery and Corruption, including the FCPA and UKBA, is a plus.

• Proven ability to enhance and manage a compliance program.

• Experience managing or participating in supervisory exams would be an advantage.

• Have a proactive approach to business issues, identifying areas of improvement and enhancement including the automation of processes

• Excellent communication, judgment and business partnership skills, including working as part of a global team in a fast-paced environment. 

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.