About this role
Title: Associate, Prudential Risk Specialist, Enterprise Risk Management
Business and Team Overview
BlackRock’s Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. The Enterprise Risk function within RQA oversees those risks which directly impact the corporate entity (i.e. BlackRock, Inc. and its subsidiaries), rather than the fiduciary risks assumed by funds/clients, such as investment risks and counterparty risks. The team’s focus includes but is not limited to: operational, regulatory, technology, third party, model and market risk.
The Resilience Risk Assessment team within the Enterprise Risk function is responsible for assessing the firm’s prudential risks to ensure the firm’s capital and liquidity resources remain adequate under severe stress. Some key prudential risks are credit, market, liquidity and operational risk.
Responsibilities
Support enterprise risk assessments and documentation, such as Internal Capital Adequacy and Risk Assessment (ICARA), including the development and documentation of key risk scenarios and modelling for operational risk capital.
Partner with business and risk partners to understand and quantify the financial impact of stress scenarios.
Production of risk reporting for the Enterprise Risk team, Risk Owners, Committees and Boards.
Enable oversight, challenge and reporting to business areas on risk management, design and effective operation of controls, including Risk & Control Self Assessments.
Development and active promotion of the risk management framework and BlackRock risk-aware culture, including roll-out of prudential risk framework tools and training.
Provide support for the development of risk appetite and risk profiling.
Partner with colleagues across Enterprise Risk to synthesize risk reporting for oversight purposes.
Support the preparation for, and response to, oversight reviews of the prudential risk framework (e.g. internal audit and regulatory reviews).
Development Value
Provides an opportunity to develop enterprise risk management skills and knowledge within a pre-eminent asset management firm within the industry.
Engage with collaborators across the firm to gain insights into BlackRock's products, services, and processes, offering an outstanding opportunity in Enterprise Risk.
What you have:
A degree, preferably in Business, Finance, Risk Management, or a quantitative field.
Excellent verbal and written English communication skills.
Strong analytical skills with the ability to identify emerging risks, explain risk trends, understand and resolve issues, and communicate results with impact.
Computer literate, with strong Excel skills.
Integrity combined with high personal and professional standards. A strong commitment to excellence and ability to get a job done in the face of adversity.
Strong interpersonal skills and an ability to communicate (verbal, written and presentation) across all levels within the organisation.
Proactive self-starter, ability to learn quickly and to take initiative. Enthusiasm and energy combined with a clear sense of how to “make it happen”.
Ability to work with key stakeholders to develop and implement solutions to reduce risks across the organisation.
Solid understanding of risk management and/or regulatory frameworks, e.g. Investment Firms Prudential Regime or Capital Requirements Directive.
Good teamwork skills.
You might also have:
Experience within financial services and asset management.
Understanding of investment products.
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.
Top Skills
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 Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
BlackRock has 25,000 employees across more than 100 offices in over 40 countries around the world.
