About this role
Title: Designated Person, Operational Risk Management, Vice President
Job Description
This is an outstanding opportunity to join BlackRock’s Dublin team as a Vice President, Designated Person for Operational Risk, overseeing the largest Management Company with $1.4Trn AUM. If you are looking to bring to bear your extensive expertise in risk management within a dynamic, collaborative, and innovative environment, this role is perfect for you. You will play a pivotal role in ensuring that BlackRock’s risk management framework is robust, compliant, and aligned with our strategic objectives.
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 standard processes 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 build 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.
The Role of Designated Persons (“DPs”) in BlackRock Asset Management Ireland Limited (“BAMIL”)
Managing investment schemes approved by the Central Bank of Ireland, the Company operates as a UCITS management company and AIFM.
The purpose of the role is to supervise and lead all aspects of the ongoing performance of BAMIL’s Operational Risk Management function. The DP for Operational Risk Management (ORM), supported by the local risk function, is responsible for all aspects of operational risk, including error investigation and resolution, new product and business change risk assessments, risk reporting / analysis and the maintenance and development of the enterprise risk framework, including facilitation of risk and control self-assessments, risk profiling and risk indicators.
Key Responsibilities:
The senior Vice President will lead all aspects of function performance and implement risk management processes to stay within approved risk appetite.
Responsibility for the oversight, monitoring and control of BAMIL’s Operational Risk Management Function and onward reporting to the Board and Management Committee.
Work closely with the Chief Risk Officer and the local risk function to craft, implement and be responsible for the company’s risk management framework.
Responsibility for second line oversight of third party and outsourcing risk, technology risks and the management of operating events.
Regularly update senior management and other DPs on operational events and risks.
Coordinate with the Chief Operating Officer to ensure that oversight of delegates is in line with the Board-approved Outsourcing and Operational Resiliency Frameworks.
Present corporate and enterprise risk analysis, including alignment with risk appetite (including Operational Risks), to the Risk and Management Committees.
The role is subject to the Fitness & Probity Regime and the Individual Accountability Framework (IAF).
Requirements of the Role
Minimum 10 years' proven experience required.
Understanding of enterprise risk management regulations (e.g., Central Bank of Ireland, UCITS and AIFMD) and adapting risk framework to meet evolving regulations.
Demonstrable knowledge and track record in the implementation of enterprise risk management frameworks.
Developed risk scenarios, coordinated events, remediated controls, and applied risk indicators for risk management.
- Excellent technical and regulatory knowledge - Risk Qualification or equivalent.
Leadership and strength of character to offer healthy challenge is essential.
Strong written and verbal communication skills.
Experience working with regulators and Board of Directors, and prior Designated Person experience beneficial.
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.
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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