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Operational Risk Specialist - Associate

BlackRock Dublin, Ireland
Posted 6 days ago Permanent Competitive
Operational Risk Specialist - Associate
Description

About this role

BlackRock - Operational Risk Associate

Business Overview

The Risk & Quantitative Analysis (RQA) group, comprised of about 300 individuals who speak over 20 different languages and work in 16 countries, provides independent oversight of BlackRock's fiduciary and enterprise risks by crafting and delivering risk management, tailored advice, and analytics. We promote BlackRock as a leader in risk management by advancing the firm's risk management practices and delivering top-down and bottom-up oversight and independent risk expertise to drive better business and investment outcomes. RQA's risk managers play a meaningful role in BlackRock's investment process, using quantitative analysis and a multi-disciplinary skillset to tackle real-world problems and provide tangible solutions in the investment management process.

Key responsibilities:

  • Assist the Designated Person for Operational Risk Management to maintain an effective risk management framework in accordance with Central Bank of Ireland and European Union rules and regulations.

  • Collaborate with internal business and risk teams to identify, monitor, and manage enterprise and operational risks. Challenge risks and processes as needed.

  • Partner with business partners to address BlackRock and third party operating events and ensure appropriate remediation.

  • Partner with business partners on the completion of Risk and Control Self Assessments, Risk Indicators, updates to internal policies and Risk Registers, development and enhancement to the Risk Framework.

  • Compilation of Risk Reporting to senior management and Boards, and partner with colleagues across the global Enterprise Risk team to synthesize risk reporting


What we are looking for:


  • 3+ years of Operational Risk or Enterprise Risk management related experience, preferably within the financial services industry

  • Ability to understand and apply relevant regulatory requirements for enterprise and operational risk management (e.g., Central Bank of Ireland, U.K. Financial Conduct Authority, UCITS and AIFMD, etc.) and influence the evolution of the risk framework to meet heightened regulatory expectations.

  • Experience managing operating events, remediation of controls, applying Risk and Control Self Assessments or Risk Indicators to manage and monitor risk required

  • Experience in preparing reporting for Committees and Boards combined with an ability to communicate effectively with key stakeholders required

  • Experience developing and evaluating risk scenarios, use of internal and external loss data and the quantification of financial impacts would be advantageous

  • Excellent analytical skills with the ability to identify emerging risks, summarise issues and explain risk trends.

  • BS/BA required, preferably Business, Finance, or Risk Management


Enterprise Risk Team

The Enterprise Risk function remains closely engaged with the evolving regulatory environment and supervisory expectations, to ensure that BlackRock's internal risk and control frameworks remain consistent with these, and to coordinate regulatory initiatives from an RQA perspective (for example, capital and liquidity assessments).

The Enterprise Risk function works with Finance, Compliance, Internal Audit and other control-related teams to ensure an integrated, efficient and complete approach to the risks and controls of the firm from an enterprise standpoint.

The Global Operational Risk team within Enterprise Risk is responsible for all aspects of operational risk, including error investigation and resolution, new product and business change risk assessments, risk reporting / analysis and the maintenance and development of the operational risk framework, including facilitation of risk and control self-assessments, risk profiling and risk indicators.

The Prudential Risk Management team within the Regulatory 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. The Prudential Risk Management team also oversees the governance of the Enterprise Risk Management framework.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals.

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

About BlackRock

BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2020, the firm managed approximately $7.32 trillion in assets on behalf of investors worldwide.

For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.

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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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 careers.blackrock.com | www.blackrock.com/corporate | Instagram: @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.

Job ID  R224582
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