Job Information
BlackRock Fund Management Company Advisory Compliance - Associate in Dublin, Ireland
About this role
About this role:
Your Team
BlackRock's Compliance Department protects BlackRock’s reputation and provides client focused advice. It understands challenges and advises on the impact of regulation in our business, with the objective of:
Actively participating in business decisions to champion our clients’ interests
Collaborating with the business to position Compliance centrally in their daily work;
Ensuring client interests are at the centre of everything we do;
Cultivating and enhancing the compliance culture within BlackRock;
Provide thought leadership, analysis and advice on the impact and implementation of regulation;
Developing and fostering excellence within the Compliance team.
Role Description:
An opportunity has arisen for an experienced compliance professional to join BlackRock’s dynamic Compliance team in Dublin, Ireland, consisting of 10 dedicated members. This position will complement an existing team of over 100 compliance specialists based across the EMEA region who support the various businesses in discharging BlackRock’s regulatory obligations and assist the businesses in managing regulatory risk.
Join our team and play a pivotal role in supporting the Head of Compliance and the Designated Person for Regulatory Compliance. You will provide essential compliance support for the Irish UCITS Management Company and AIFM, which manages in excess of 550 funds across diverse asset classes and investment styles. With an AUM of over $1 trillion we are the largest Fund Management Company in Europe, representing 25% of the Irish Funds Industry. This is an amasing opportunity to make a significant positive impact on the larger financial ecosystem and for investors.
We are looking for someone who can build and maintain strong partnerships and has excellent technical and regulatory knowledge. They will have a successful record in building and sustaining positive relationships. The strength of character to offer healthy challenge will be key, as will be the ability to engage successfully with business partners at all levels.
This role is a Control Function (CF2) within the scope of the Individual Accountability Framework.
Key Regulatory Obligations
The successful candidate will be subject to the Common Conduct Standards set out in in Section 53E of the Central Bank Reform Act 2010), and the Fitness and Probity Standards of the Central Bank of Ireland.
As long as they remain a Control Function it is their responsibility to continue to meet the required standards of fitness and probity for their role.
The ideal candidate is a highly motivated self-starter, demonstrates good judgment, has a strong team ethic, combined with high energy, passion, intellectual curiosity, resilience and diplomacy.
Key Responsibilities:
Support and work closely with the Designated Person for Regulatory Compliance and Head of Compliance in ensuring BlackRock meets its relevant regulatory obligations (UCITS, AIFMD, Fund Management Company Guidance (CP86), SFDR, Outsourcing Guidelines, Operational Resilience Guidelines, etc).
Contribute to responses to the CBI’s requests for information, inspections, interviews and work collaboratively with key partners.
Analyse regulatory and legislative developments and assess their applicability and impact to BlackRock’s Fund Management Company in Ireland.
Contribute and advise on the design of compliance controls, policies and procedures to enable BlackRock to align with all relevant existing and upcoming regulations, law, and applicable codes.
Perform ongoing monitoring and testing of internal control processes to test alignment and effectiveness with applicable laws, rules and regulations, including recommending improvements and collaborating with the business to action those improvements as appropriate.
Contribute to the creation of management reporting to senior management and relevant boards.
Coordinate and prepare regulatory filings such as the CBI’s annual Fitness and Probity returns, submission of individual questionnaires and regular and ad-hoc filings.
Provide advice on regulations and on the application of BlackRock’s compliance policies in relation to existing and new business initiatives, issue identification and breach resolution.
Participate in Compliance or business-driven projects, including regulatory developments and new business initiatives.
Contribute to the design and delivery of effective regulatory training and guidance to the business.
Help to manage relationships with depositories, responding in partnership with other teams to complete information requests.
Establish strong partnerships with compliance colleagues in other EMEA locations and ensure the consistent application of controls, where possible.
Assist in maintaining BlackRock Ireland Compliance policies and manual.
Further cement the relationship between the compliance team and business partners and promote an outstanding compliance culture.
Look for opportunities to enhance the control environment, including through the use of technology.
Knowledge / Experience:
Ideally at least 3 - 5 years relevant experience within the asset management industry and demonstrable expertise in regulation relevant to the funds industry (e.g. UCITS, AIFMD, Fund Management Company Guidance (CP86), Outsourcing Guidelines (CP138), Guidance on Operational Resilience (CP140), etc.).
Experience in handling regulatory relationships and examinations would be an advantage.
Broader advisory experience across asset classes and covering multiple jurisdictions would be an advantage.
Consistent record of influencing business partners at all levels, delivering timely and quality regulatory advice.
Familiarity with dealing with a multi-jurisdictional regulatory environment would be beneficial.
Technical ability and mentality to challenge the status-quo and deliver solutions with the judgment to use this in appropriate circumstances.
Strong written and verbal communication skills.
Consistent ability to demonstrate high standards of accuracy and strong attention to detail.
Excellent organisational skills with ability to prioritize workloads and progress multiple tasks.
Ability to collaborate effectively both within the team and across functions and to work independently.
Strong interpersonal skills with an ability to articulate complex regulatory matters and well-developed relationship management skills.
Capable of grasping new concepts quickly and independently.
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. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
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 @blackrock (http://careers.blackrock.com/) | Twitter: @blackrock (https://twitter.com/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.