About this role
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions — from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Business Unit Overview:
Blackrock’s Compliance Department implements and manages processes and controls aimed at protecting Blackrock from regulatory, legal, and reputational risks. It also provides client focused advice in accordance with relevant regulation and legislation. The department operates in line with the following objectives:
- Actively participate in business decisions to champion our clients’ interests and assist the business to translate Compliance requirements into their daily work;
- Cultivate and enhance the compliance culture within BlackRock;
- Provide thought leadership on the impact and implementation of key regulations; and
- Develop and foster excellence within the Compliance Department.
Role Description:
We have an exciting opportunity for an Associate role on our Global Sanctions team, within Global Financial Crime, based in Edinburgh, Scotland. The successful candidate will need to demonstrate sanctions compliance advisory and/or technical experience at a global investment bank or asset manager. This role, in a high-profile area, will provide the successful candidate with exposure to senior business stakeholders within BlackRock and the opportunity to contribute to shaping and growing the Global Sanctions Compliance Program.
Key Responsibilities:
- Partner with key stakeholders, including business, operations, risk management, legal and compliance, to review and mitigate sanctions risk arising in prospective public and private transactions and investments;
- Advise on on-boarding of clients and third-party service providers who present heightened risk, especially parties located in higher risk jurisdictions (i.e., countries known to have touchpoints to sanctioned jurisdictions);
- Assist with the development and implementation data- and technology-related controls and processes designed to detect and mitigate sanctions risk (e.g., monitoring and blocking controls embedded in technology platforms);
- Contribute to the maintenance and enhancement of pre- and post-trade controls and monitoring processes; and
- Support the development and implementation of policies and procedures, including the delivery of related training.
Knowledge/Experience:
- Minimum of 3 years of financial services experience, including at least 1 year of demonstrated experience in a sanctions compliance role at an investment bank or asset manager;
- Experience contributing to the design, build, or implementation of compliance programs, with particular focus in technology-enabled control environments;
- Understanding of US, UK and EU sanctions laws and their application to a global multinational firm;
- Familiarity with technical tools and basic script or coding language is a plus;
- Strong written and verbal communication skills for internal and external reporting and presentations to business or compliance stakeholders;
- High standard of accuracy and excellent attention to detail; and
- Strong interpersonal skills and ability to work well independently and as part of a global, cross-functional team.
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.
