Business Audit, Associate-2

Internal Audit’s primary mission is to provide assurance to the Board of Directors and Executive Management that BlackRock’s businesses are well managed and meeting strategic, operational and risk management objectives. The team engages with senior leaders and all of BlackRock’s individual business units globally to understand and advise on the risks in their business, evaluate the effectiveness of key processes and assist in the design of best practices that can improve their results. Internal Audit reports directly to the Audit Committee of the Board of Directors, and our work builds confidence that BlackRock will meet its obligations to clients, shareholders, employees and other stakeholders.

Business Audit 

With teams in the US, Europe, and Asia, the Business Audit Team performs audits covering all BlackRock business units, including investment management, risk management, operations, finance, legal and compliance, and client businesses.

The London office, located in the heart of the City of London, serves as BlackRock's EMEA headquarters and is home to over 3,200 employees. It plays a crucial role in the firm's global operations, supporting various business units including Investment Management, Sales, Trading, Client Business, Risk Management, Operations, Finance, and Legal and Compliance.

Business Audit Associate Responsibilities & Qualifications

Specific responsibilities include:

• Performing regional and global audit reviews

• Engaging with BlackRock stakeholders to understand and document key processes and risks within a specific business unit

• Preparing process narratives and briefing memos

• Evaluating process design and operations to analyze the effectiveness and efficiency of these processes

• Investigating and escalating issues identified during testing

• Validating the remediation of issues

• Identifying emerging firm-wise and business risks and understanding key changes in strategies and operating mode through ongoing engagements with business management

• Supporting annual risk assessments of business areas

• Contributing to global departmental projects

• Travel to regional and international locations may be required

Qualifications

• Undergraduate or graduate degree

• 3+ years of experience; preferably in financial services and/or internal audit, including an understanding of financial instruments and asset management processes and risks

• Interest in broad exposure to investment management, sales, trading, operations, risk management, finance, and compliance activities in the asset management industry

• Proficient understanding of current regulatory and industry events

• Relevant professional certifications are a plus (ACCA, CA, CIA, IMC)

Skills

• Excellent communication (verbal, written, listening) and interpersonal skills.

• Ability to develop and maintain effective working relationships with peers and business partners.

• Intellectual curiosity and healthy scepticism

• Ability to articulate complex subject matters succinctly.

• Critical thinking and problem-solving abilities

• Strong project management and organizational skills

• Data analysis