About this role
Description:
BlackRock is one of the world's preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.
Business Unit Overview:
The Service Organization Reporting ("SOR") team, as a part of Finance Controls, consists of individuals dedicated to the coordination, production and delivery of internal control reports (service organization reports including SSAE 18 and ISAE 3402 Reports) to clients. These individuals actively work with businesses (including portfolio management, business operations, legal and compliance, relationship management, and technology personnel), as well as external service auditors. The SOR team provides coordination and oversight for detailing and testing controls with the business and external service auditors. On a regular basis, the team provides status updates and discusses service organization reporting related topics with senior management. This group also works closely with other risk and control teams, such as Financial Controls Reporting (SOX 404), Internal Audit and Enterprise Risk Management (including Operational Risk and Technology Risk). Finance Controls is a global team with a presence in New York, Princeton (New Jersey), Edinburgh and Budapest.
Job Purpose/Background:
A successful candidate will develop a strong understanding of internal controls, deliver beneficial services and recommendations to strengthen the risk and control environment, develop a broad understanding of the products and services offered by the firm and build strong relationships across BlackRock.
Key Responsibilities:
Work with the business and external service auditors to enhance report content, update report details and provide relevant documentation to the service auditors
Assist in the oversight and coordination for delivery of service organization reports globally
Demonstrate knowledge of audit and accounting professional standards/practices and apply knowledge in performing work
Support the implementation of a coordinated approach by participating in walkthroughs with business executives, recommending potential control enhancements and conducting follow-up in preparation for the annual service organization report reviews
Assist in the day-to-day follow-up with service auditors during their fieldwork to ensure projected timelines are met
Effectively communicate both internally and externally to build positive relationships and understand key aspects of services provided to clients
Maintain primary ownership in the distribution of the service organization reports based on requests from clients and prospective clients
Coordinate and collaborate with other risk and control functions to evaluate the impact of their work on the technology environment and controls and coordinate efforts with them as appropriate
Assist other individuals within the control function to perform management testing of technology or other controls to support BlackRock's Sarbanes Oxley program
Participate in ad-hoc projects and provide expertise and insights from a risk and controls perspective
Development Value:
This is a globally focused role in a team which is core to the entire operations of BlackRock. The role interacts with teams around the globe providing opportunity to understand operational and technology processes and internal controls while developing key relationships. This role will provide the candidate with the scope to effect positive change to the control environment by harnessing system capabilities and constantly evaluating processes & procedures to create value for the firm.
Experience and Skill Sets:
Bachelor's degree in Accounting or Finance
Professional qualification preferred (e.g., CPA, CISA, IIA) or in-progress
1 - 3 years of prior work experience
Competencies:
Strong project management, organizational and interpersonal skills
Ability to manage multiple priorities successfully within a deadline-driven environment, managing various stakeholders with competing demands
Excellent communication (oral, written and listening) skills
Critical thinking and problem-solving abilities
Ability to develop effective working relationships with business and risk and control functions
Focused on accuracy and attention to detail
Strong internal drive and motivation for continuous improvement
Ability to develop innovative solutions to enhance processes and address control gaps
High degree of integrity and confidentiality, as well as the ability to adhere to both company policies and standard methodologies
Strong knowledge of Microsoft Office suite (e.g., Excel, Word, PowerPoint)
Limited travel may be required
For Princeton, NJ Only the salary range for this position is USD$71,250.00 - USD$90,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
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.
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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC's Know Your Rights poster and its supplement (https://www.dol.gov/sites/dolgov/files/OFCCP/regs/compliance/posters/pdf/22-088\EEOC\KnowYourRights.pdf) and the pay transparency statement (https://www.dol.gov/sites/dolgov/files/OFCCP/pdf/pay-transp\%20English\formattedESQA508c.pdf) .
BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com . All requests are treated in line with our privacy policy (http://www.blackrock.com/corporate/compliance/privacy-policy#recruitment-privacy-notice) .
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.
