Enterprise Risk Management, Associate

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Sector: Banking and Financial Services
Role: Associate
Contract Type: Permanent
Hours: Full Time

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.
• Engage with collaborators across the firm to gain insights into BlackRock's products, services, and processes.

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.
• Strong interpersonal skills and an ability to communicate across all levels within the organisation.
• Proactive self-starter, ability to learn quickly and to take initiative.
• 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.
• 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).

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. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported.

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.