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For Companies At a Glance
- Tasks: Join a dynamic team to assess regulatory risks and conduct compliance reviews.
- Company: BlackRock, a leading global investment management firm.
- Benefits: Flexible Time Off, education reimbursement, and comprehensive health resources.
- Why this job: Make a real impact in financial well-being while developing your skills.
- Qualifications: Experience in compliance or internal audit and strong communication skills.
- Other info: Collaborative hybrid work model with excellent career growth opportunities.
The predicted salary is between 36000 - 60000 £ per year.
About this role
The Compliance Monitoring & Testing (CMT) team within BlackRock’s Legal & Compliance (L&C) department is a dynamic, high-profile, high-performing global team which identifies and assesses regulatory and conduct risk across BlackRock and delivers an annual program of Compliance Monitoring reviews and risk assessments. The team has members across the global organization who work closely together on a day-to-day basis.
The team’s key activity is delivering its annual Compliance Monitoring program by undertaking in-depth reviews focused on different business units, country offices and regulatory themes as well as delivering an ongoing program of targeted testing. This role involves responsibility for supporting CMT team members in delivering reviews through collaboration and engagement with key business and L&C stakeholders to develop a detailed understanding of how each business operates and to challenge and influence their management of regulatory risk as well as conducting reviews.
The successful candidate will have strong written and verbal communication skills and confidence engaging with and managing relationships with a broad range of stakeholders across business areas and leadership roles. We are looking for a candidate who is enthusiastic, collaborative, creative, diplomatic, decisive, self-motivated, and thrives in a fast-paced, deadline-oriented environment.
Key Responsibilities
- Assist in the planning, preparation, and socialization of the annual compliance monitoring and testing plan (CMTP), including performing compliance risk assessments in collaboration with regional and global L&C stakeholders.
- Execute key components of the CMT Team’s monitoring and testing programme, e.g., delivering the scoping, execution and reporting of CMT tests and reviews.
- Support the execution of four types of reviews: Regular Testing, Targeted Testing, Focused Reviews, and Deep Dive Reviews, depending on the nature and severity of compliance risks.
- Assist in the tracking of identified issues and action plans to validate remediation efforts, as well as escalate to relevant stakeholders where required.
- Prepare and deliver management information used for senior management, boards and committee postings.
- Develop strong partnerships and collaborate with key stakeholders within business as well as L&C department both regionally and globally.
- Contribute to the delivery of strategic projects and initiatives as part of ongoing programme enhancements.
- Build an understanding and awareness of BlackRock’s business, product platform and its operational and regulatory control environment.
- Develop strong subject matter expertise on specific regulations, particularly relevant to BlackRock’s business activities regionally and globally.
- Proactively identify, analyze and escalate key regulatory risks identified as part of risk assessment and/or compliance monitoring activities.
- Support ad hoc testing and exposure assessments as directed by the Global Head of Compliance or Global CMT Head, applying proportionate documentation standards.
Knowledge/Experience and Education
- Prior experience in compliance monitoring, internal audit, other testing experience or with a financial regulator.
- Understanding of the asset management sector.
- Strong knowledge of regulatory requirements and focus areas on the UK and European Union.
- Excellent verbal and written communication skills with a track record of drafting high-impact and high-quality reports.
- Project management skills and experience delivering projects in a complex organization.
- Proven track record in producing high-quality deliverables under competing priorities and adherence to deadlines.
- Knowledge of other key compliance and risk management topics would be beneficial.
- Motivated, action-oriented and adaptable.
- Strong analytical, critical thinking and problem-solving skills with the ability to exercise sound and balanced judgment.
- Ability to work independently as well as with a range of senior managers and peers.
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.
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. This mission would not be possible without our smartest investment – the one we make in our employees.
Compliance Monitoring and Testing Team, Associate employer: LGBT Great
Contact Detail:
LGBT Great Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Compliance Monitoring and Testing Team, Associate
✨Tip Number 1
Network like a pro! Reach out to current or former employees at BlackRock on LinkedIn. Ask them about their experiences and any tips they might have for landing a role in the Compliance Monitoring and Testing Team.
✨Tip Number 2
Prepare for your interviews by brushing up on compliance regulations and BlackRock’s business model. Show that you’re not just interested in the role, but that you understand how it fits into the bigger picture.
✨Tip Number 3
Practice your communication skills! Since this role involves engaging with various stakeholders, being able to articulate your thoughts clearly and confidently is key. Consider mock interviews with friends or mentors.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team!
We think you need these skills to ace Compliance Monitoring and Testing Team, Associate
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Compliance Monitoring and Testing role. Highlight your relevant experience in compliance, risk assessment, and any specific regulations you know about. We want to see how your skills align with what we do!
Show Off Your Communication Skills: Since strong written and verbal communication is key for this role, don’t hold back! Use clear, concise language in your application and provide examples of how you've effectively communicated findings or recommendations in the past. This will help us see your potential fit.
Demonstrate Your Analytical Mindset: We love candidates who can think critically and solve problems. In your application, share instances where you've identified risks or proposed solutions in a compliance context. This will show us that you have the analytical skills we're looking for!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at LGBT Great
✨Know Your Compliance Stuff
Make sure you brush up on your knowledge of compliance monitoring and regulatory requirements, especially those relevant to the asset management sector. Familiarise yourself with BlackRock’s business model and how compliance fits into it. This will show that you're not just interested in the role but also understand its importance.
✨Prepare for Scenario Questions
Expect questions that ask you to demonstrate your problem-solving skills and how you handle compliance risks. Think of specific examples from your past experiences where you identified a risk and how you addressed it. This will help you showcase your analytical and critical thinking abilities.
✨Practice Your Communication Skills
Since strong verbal and written communication skills are crucial for this role, practice articulating your thoughts clearly. You might be asked to present findings or draft reports, so consider doing mock presentations or writing summaries of compliance topics to refine your skills.
✨Show Enthusiasm and Collaboration
The team values collaboration, so express your enthusiasm for working with others. Be ready to discuss how you've successfully collaborated in previous roles and how you can build strong partnerships within the team and across departments at BlackRock.
