Director, Business Audit - Private Markets

About this role

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.

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.

Learn more about Internal Audit by watching our video.

BlackRock's global headquarters at 50 Hudson Yards, NYC, offers state-of-the-art facilities including a cafeteria, amenity spaces, private sky lobbies, and impressive Hudson River views. 50 Hudson Yards offers direct access to the No. 7 Subway station and has entrances on Hudson Park & Boulevard, 10th Avenue, 33rd Street, and 34th Street. It is located two blocks from Penn Station.

Position Overview

This Audit Director supporting Private Markets will be a member of Internal Audit's Global Leadership and is expected to contribute significantly to the strategic planning, process innovation, and project management of assurance and advisory activities across the global team. The scope of this role centers on BlackRock's Private Markets platform — which encompasses approximately $600 billion in AUM across Private Financing Solutions Infrastructure, and Equity Private Markets.

The Director will have primary oversight of audit coverage for this platform, guiding teams to adapt audit methodologies to the expanding scope and complexity of the business. This includes ensuring audit processes reflect the integration of recently acquired entities such as HPS Investment Partners (acquisition completed July 1, 2025, creating a ~$190 billion private credit platform) and Global Infrastructure Partners. The role requires excellent stakeholder management, as the Director will engage with senior executives in Private Markets and related functions, represent Internal Audit in governance forums, and interact with regulators to uphold the highest standards of risk management and control assurance.

Specific responsibilities include: 

• Oversee the planning and execution of all audits across Private Markets businesses — including Private Credit (direct lending, special situations, real estate debt, leveraged finance) and Infrastructure (energy, renewables, transportation, digital infrastructure, social infrastructure) ensuring rigorous risk assessment, appropriate scope determination, effective test work, and clear reporting.
• Overall management for the timely execution of concurrent audits and projects, inclusive of control advisory services. Ensure audit workpapers, issue documentation, and reports meet the highest quality standards in line with Internal Audit methodology. Review and finalize audit reports, highlighting key findings and control recommendations to senior management and the Audit Committee.
• Drive the development of the annual Internal Audit plan for Private Markets by providing expert insight into current business priorities, industry trends, and regulatory risk factors.
• Complete annual risk assessments of Private Markets business areas, ensuring risk ratings appropriately reflect changes in business complexity, organizational structure, and environment control.
• Collaborate with Private Markets stakeholders to support integration activities following acquisitions of HPS Investment Partners and Global Infrastructure Partners, ensuring audit processes adapt to the expanded business scope.
• Serve as a trusted advisor and independent assurance partner to senior executives in Private Markets. Foster strong relationships with business leaders across Private Credit and Infrastructure teams, providing valuable risk insights and contributing to key decision-making forums.
• Collaborate with other corporate risk and control functions (Enterprise Risk, Compliance, Legal & Compliance, RQA Investment Risk) to ensure activities are coordinated and fully leveraged, avoiding duplication of effort.
• Oversee a team of 10–12 (or more) individuals, providing timely and candid feedback and coaching. Lead talent management including performance reviews, career development plans, and building a high-performing global audit team.
• Assist in the training and development of a high-performing team. Effectively manage resources to optimize productivity, meet training and development needs, and deliver high-quality, value-added assurance and advisory services.
• Lead or contribute to global departmental projects and continuous improvement initiatives, bringing Private Markets expertise to drive innovation in audit processes, methodology enhancements, and data analytics integration.
• Travel to regional and international locations may be required to oversee audit engagements and collaborate with global colleagues.

Qualifications

• Undergraduate or graduate degree in finance, economics, risk management, or other business-related field preferred.
• 12+ years of professional experience in internal audit, risk management, or related fields within financial services, with substantial experience auditing or managing risks in Private Markets. This should include a focus on Private Credit (direct lending, special situations, real estate debt) and Infrastructure (energy, transportation, data centers). A track record of progressive leadership roles with increasing responsibility is expected.
• Familiarity with the operational, fiduciary, and valuation risks unique to Private Credit and Infrastructure investments, including capital management, transaction booking, and investor servicing. Understanding of how private assets are valued — including internal modeling approaches, use of Independent Valuation Agents (IVAs), and governance frameworks for valuations across asset classes — is highly desirable.
• Proven ability to navigate complex organizational structures and cross-functional teams in global asset management environments, especially during periods of platform expansion and integration.
• Strong understanding of current regulatory and industry events affecting alternative investments and audit practices. Familiarity with regulatory examination priorities (e.g., SEC examination priorities, FCA Private Markets Valuations Review) as they relate to private asset valuation and oversight is a plus.
• CFA, CPA/CA, CIA, ACCA, IMC, CRM, or similar professional certification is highly preferred. Candidates not currently certified will be expected to obtain relevant credentials as part of their development.

Skills & Experience

• Deep understanding of audit methodologies and risk assessment for Private Markets, including Private Credit and Infrastructure.
• Ability to synthesize market trends (e.g., growth in private credit, infrastructure as a core asset class, wealth channel fundraising expansion) into actionable audit strategies and long-term assurance planning.
• Excellent communication skills (verbal, written, listening) and interpersonal skills, including strong writing skills particularly as related to audit reports and management presentations. Ability to articulate complex subject matters succinctly to senior leadership, boards, and regulators.
• Strong stakeholder management skills, with experience engaging senior leaders in Private Markets, investment oversight, and operational risk. Experience developing and maintaining effective working relationships with senior management and external regulators.
• Experience managing teams of skilled professionals and developing junior talent. Commitment to coaching audit staff, delivering timely feedback, and building future-ready audit capabilities through cross-disciplinary skill development.
• Excellent project management, organizational, and presentation skills, with the ability to oversee multiple concurrent audits and advisory engagements in a global, fast-paced, dynamic environment.
• Critical thinking and problem-solving abilities with an innovative mindset. Intellectual curiosity and healthy skepticism when evaluating business processes and control design.
• Proficiency in data analysis techniques to enhance audit coverage, identify trends, and support risk-based decision-making.
• Broad exposure to audit, risk management, operations, finance, and compliance activities, with a strong understanding of investment management, trading, or capital markets businesses, products, and processes.

For New York, NY Only the salary range for this position is USD$194,000.00 - USD$270,000.00 . 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 | Twitter: @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 and the pay transparency statement.

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.

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.