Vice President, 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.

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.

NYC:

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.

Specific Responsibilities include:

• Lead and oversee audits across Private Markets, including Private Credit and Infrastructure businesses. This includes risk assessment, scope determination, test work, and reporting for direct lending, real estate private debt, leveraged finance, and infrastructure investments.
• Collaborate with Private Markets stakeholders to support integration activities (e.g., acquisitions of HPS Investment Partners and Global Infrastructure Partners), ensuring audit processes adapt to expanded business scope and complexity.
• Advise on audit coverage for new fund structures and evolving strategies in Private Markets, such as energy transition, and data center infrastructure, reflecting industry trends and client demand for private assets.
• Assistance in the formation of the annual audit plan through direct input, insight, and perspective around current business, industry, and regulatory risk factors 
• Interact with regulatory examiners upon request 
• People management responsibilities of audit staff, including coaching and feedback 
• Identifying emerging firm-wide and business risks and understanding key changes in strategies and operating model through ongoing engagements with business management 
• Completing annual risk assessments of business areas 
• Leading or contributing to global departmental projects 
• Travel to regional and international locations may be required 

Qualifications

• Undergraduate or graduate degree 
• 6+ years of experience; preferably in financial services and/or internal audit, including an understanding of financial instruments and asset management processes and risks 
• Demonstrated experience auditing or managing risk in Private Markets, with a focus on Private Credit (direct lending, special situations, real estate debt) and Infrastructure (energy, transportation, data centers).
• Familiarity with the operational, fiduciary, and valuation risks unique to Private Credit and Infrastructure investments, including capital management, transaction booking, and investor servicing.
• Proven ability to navigate complex organizational structures and cross-functional teams in global asset management environments, especially during periods of platform expansion and integration.
• Proficient understanding of current regulatory and industry events 
• Relevant professional certifications are a plus (ACCA, CA, CIA, IMC, CFA); Candidates not currently certified will be expected to obtain relevant credentials as part of their development. 

Skills

• Audit Issue and Report Writing 
• Developing Others 
• Critical thinking and problem-solving abilities 
• 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 skepticism 
• Ability to articulate complex subject matters succinctly. 
• Strong project management and organizational skills 
• Data analysis 
• 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) into actionable audit strategies.
• Strong stakeholder management skills, with experience engaging senior leaders in Private Markets, investment oversight, and operational risk.

For New York, NY Only the salary range for this position is USD$137,500.00 - USD$194,000.00 . 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.