Vice President, Business Audit

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.

Our Audit Teams “At a Glance”

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

Technology Audit

The Technology Audit Team, also in the US, Europe and Asia, performs design review and testing related to technology controls across application systems and infrastructure components such as databases, operating systems, data centers and messaging platforms.

The Data Analytics (DA) team within Technology Audit leverages BlackRock data and various data science, business intelligence, and analytics methods to support the activities of the audit department. The DA team participates in both business and technology audit execution, builds and maintains an inventory of self-service tools for the auditors, supports the risk assessment and annual planning process, and helps manage the department’s operations through the development of impactful management information. The DA team is a driver of innovation for the department and helps auditors gain efficiencies and insights through the work that they do.

SAO (Strategy, Analytics & Operations)

This group is responsible for coordinating activities and communication across the global team, managing and driving the strategic planning process, implementing process innovations, and ensuring appropriate policies/methodology and procedures are in place. The SAO team plays a meaningful part in the development and continuous improvement of the Global team. The team maintains independence from the other audit teams by reporting directly to the Global Head of Audit and does not participate in traditional audit reviews or issues management.

Role Description:

The Internal Audit team performs regional and global audits covering all BlackRock business units, including investment management, sales, trading, client business, risk management, operations, finance, and legal and compliance.

BlackRock Internal Audit is seeking a Vice President in New York City or Atlanta for its Business Audit practice, who will be involved in various aspects of the Audit group’s risk assessment, assurance and advisory activities, including audit planning and execution, and contributing to strategic initiatives. Areas of the business within the scope of this role will include investment and asset management, risk management, operations, finance, and compliance. Specific responsibilities will include:

• Management and leading the execution of audits (global and regional) in the aforementioned areas. Responsibilities include all aspects of the audit process (e.g. risk assessment; scope determination; test work; reporting).  
• Primary Internal Audit business engagement responsibilities for one or more lines of business to discuss business performance, strategic priorities and operational matters
• Identification and assessment of current and emerging risks, themes and trends
• Assistance in the formation of the annual audit plan through direct input, insight and perspective around current business, industry and regulatory risk factors
• Participation in global/cross regional audit related projects
• Leverage industry experience to provide advisory services during the development of new businesses and systems
• Build and maintain collaborative relationships with all risk and control functions
• Interact with regulatory examiners upon request
• Direct administrative management responsibilities of audit staff
• Provide timely and candid feedback and coaching to staff
• Performing investigations, special reviews and other ad hoc projects (technical and operational in focus)

Skills and Experience:

• Undergraduate or graduate degree in finance, economics, accounting, business management is preferred. BA/BS is required
• Professionals with strong and broad exposure to investment management, risk management, operations, finance and compliance in the Asset Management industry
• Financial services experience is preferable; understanding of asset management products, corporate and risk management business processes, and risk and controls systems
• Aptitude towards investment and risk management, scenario analysis and problem solving
• Strong project management, organizational and presentation skills
• Excellent communication (verbal, written, and listening) and interpersonal skills; strong writing skills
• Strong critical thinking and problem-solving abilities
• Strong quantitative skills
• Intellectual curiosity and healthy skepticism
• Commitment and strong work ethic
• Proficient understanding of current regulatory and industry events
• Ability to develop and maintain effective working relationships with peers and business partners
• Preferred Qualifications: Certified Internal Auditor (CIA) or relevant certification
• Other Professional certifications such as CFA or CPA (or equivalent) are a plus

For New York City only: The salary range for this position is $137,500 - $194,000. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 and Affirmative Action Employer.  We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.

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.