Business & Operational Audit, Associate

About this role

Internal Audit

Internal Audit’s primary mission is to provide assurance to the Board of Directors and Executive Management that BlackRock’s businesses are well managed and meeting strategic, operational and risk management objectives. The team engages with senior leaders and all of BlackRock’s individual business units globally to understand and advise on the risks in their business, evaluate the effectiveness of key processes and assist in the design of best practices that can improve their results. Internal Audit reports directly to the Audit Committee of the Board of Directors, and our work builds confidence that BlackRock will meet its obligations to clients, shareholders, employees and other stakeholders.

With teams in the US, Europe, and Asia, the Business Audit Team performs audits covering all BlackRock business units, including investment management, risk management, operations, finance, legal and compliance, and client businesses.

The London office, located in the heart of the City of London, serves as BlackRock's EMEA headquarters and is home to over 3,200 employees. It plays a crucial role in the firm's global operations, supporting various business units including Investment Management, Sales, Trading, Client Business, Risk Management, Operations, Finance, and Legal and Compliance. 

BlackRock's first international office, Edinburgh has been a key part of BlackRock's success for over 25 years. Edinburgh is an operational Centre of Excellence, bringing together talent and technology across Investments, Aladdin, Operations and Corporate functions which drive growth and development in the region.  The Edinburgh office is known for its culture of diversity and is rooted in the local community and economy. 

Business Audit Associate Responsibilities & Qualifications

Specific responsibilities include:

• Performing regional and global audit reviews
• Engaging with BlackRock stakeholders to understand and document key processes and risks within a specific business unit
• Preparing process narratives and briefing memos
• Evaluating process design and operations to analyze the effectiveness and efficiency of these processes
• Investigating and escalating issues identified during testing
• Validating the remediation of issues
• Identifying emerging firm-wise and business risks and understanding key changes in strategies and operating mode through ongoing engagements with business management
• Supporting annual risk assessments of business areas
• Contributing to global departmental projects
• Travel to regional and international locations may be required

Qualifications

• Undergraduate or graduate degree
• 3+ years of experience; preferably in financial services and/or internal audit, including an understanding of financial instruments and asset management processes and risks
• Interest in broad exposure to investment management, sales, trading, operations, risk management, finance, and compliance activities in the asset management industry
• Proficient understanding of current regulatory and industry events
• Relevant professional certifications are a plus (ACCA, CA, CIA, IMC)

Skills

• Excellent communication (verbal, written, listening) and interpersonal skills.
• Ability to develop and maintain effective working relationships with peers and business partners.
• Intellectual curiosity and healthy scepticism
• Ability to articulate complex subject matters succinctly.
• Critical thinking and problem-solving abilities
• Strong project management and organizational skills
• Data analysis

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.