About this role
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. Within this, third-party risk management is a critical lever of operational resilience, regulatory compliance, and client protection given the firm’s increasing reliance on complex external ecosystems.
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
The Third Party Risk Management team 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, but are not limited to, fund operations providers, technology vendors, index and market data providers. The team operates within the second line of defense, partnering with business owners, sourcing, and specialist risk teams to ensure risks are identified, assessed, managed and escalated in line with the firm’s risk appetite and regulatory expectations.
Key Responsibilities
Reporting to the global head of third-party risk, lead and develop the India-based third-party risk team, ensuring consistent execution of global standards and a strong control culture.
Lead the global ProcessUnity support capability, overseeing the India-based team that serves as the primary point of contact for vendor relationship owners across the firm on third-party risk platform queries. Ensure timely, consistent and high-quality responses, and drive continuous improvement in user guidance, documentation and training.
Support the alignment of APAC third-party risk management practices with the global framework.
Lead global and regional third-party risk reporting, including developing, tracking and analysing risk indicators.
Collaborate with multiple internal business, sourcing and risk teams, to identify, test, monitor and escalate third-party risks as part of the second line of defense.
Support the head of third-party risk with interfacing with senior management, committees, clients and regulators.
Challenge third-party risk management processes and controls, escalate issues for remediation and analyse data and trends to raise awareness of potential risks to senior management.
Support the development of firmwide third-party risk training.
Escalate significant third-party operating events and trends as well as facilitate business engagement meetings and risk control self-assessments (RCSA) for stakeholders.
Experience
Ideally 7+ years of enterprise risk or third-party risk management related experience, preferably within the financial services industry.
Experience managing a team of direct reports.
Experience with regulators and regulatory requirements for managing third parties (e.g., OCC, CBI, EBA, FCA, MAS, etc.) and influence the evolution of the risk framework to meet heightened expectations.
Proven and effective written and verbal communication skills.
BS/BA required, preferably Business, Finance, Risk Management -CTPRP designation a plus.
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.
Skills Required
- 7+ years of enterprise risk or third-party risk management related experience
- Experience managing a team of direct reports
- Experience with regulators and regulatory requirements
- BS/BA degree in Business, Finance, Risk Management
- CTPRP designation is a plus
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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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.
