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Associate, Risk Manager - Third Party Risk
View more categories View less categories Sector Banking and Financial Services Role Associate Contract Type Permanent Hours Full Time
About this role
Job Description
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.
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
Third Party Risk Management 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 fund operations providers, technology vendors, index and market data providers, distributors, and real asset service providers where BlackRock owns or is responsible for operating a physical asset.
Key Responsibilities
* Lead global and regional third-party risk reporting, including developing, tracking, and analyzing 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 resilience risk with interfacing with senior management, committees, clients, and regulators.
* Support the head of third-party resilience risk to implement and evolve the risk management framework for critical and high-risk third parties, including testing third-party vulnerabilities and configuring continuous monitoring tools for third-party risks.
* Challenge third-party risk management processes and controls, escalate issues for remediation, and analyze data and trends to raise awareness of potential risks to senior management.
* Work with partner teams to support rollout and embedding of new third-party risk platform.
* Support preparation of agenda and materials for the Third Party Risk Oversight Committee.
* Support the development of firm-wide third-party risk training.
* Escalate significant third-party operating events and trends, and facilitate business engagement meetings and risk control self-assessments (RCSA) for stakeholders.
Experience
* Ideally 5+ years of enterprise risk or third-party risk management related experience, preferably within the financial services industry.
* Experience with regulators and regulatory requirements for managing third parties (e.g., OCC, CBI, EBA, FCA) and influence the evolution of the risk framework to meet heightened expectations.
* Proven and effective written and verbal communication skills.
* BS/BA required, preferably in Business, Finance, Risk Management - CTPRP designation a plus.
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 build 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) to 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 roles and responsibilities. We focus on increasing impactful moments when working together in person, aligned with our commitment to performance and innovation. As a new joiner, you can expect this hybrid model to accelerate your learning and onboarding at BlackRock.
About BlackRock
At BlackRock, our mission is to help more people experience financial well-being. Our clients are saving for retirement, paying for education, buying homes, and starting businesses. Our investments support the global economy, finance infrastructure, and drive innovation. We are dedicated to creating an environment where our colleagues feel welcomed, valued, and supported with networks, benefits, and development opportunities.
For more information, visit our website and social media channels. BlackRock is an Equal Opportunity Employer, evaluating qualified applicants without regard to age, disability, race, religion, sex, sexual orientation, or other protected characteristics.
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