Prudential Risk Specialist, Enterprise Risk

BlackRock's RQA group seeks an Associate, Prudential Risk Specialist for its Enterprise Risk function in London. This role involves independent oversight of corporate risks, focusing on assessing the firm's prudential risks like credit, market, liquidity, and operational risk. Responsibilities include supporting enterprise risk assessments, developing key risk scenarios, producing risk reporting, and promoting the risk management framework. The specialist will partner with business and risk teams to quantify financial impacts of stress scenarios and ensure adequate capital and liquidity under stress.

Must Have

• A degree in Business, Finance, Risk Management, or a quantitative field
• Excellent verbal and written English communication skills
• Strong analytical skills
• Computer literate, with strong Excel skills
• Integrity combined with high personal and professional standards
• Strong interpersonal and communication skills
• Proactive self-starter, ability to learn quickly and take initiative
• Ability to work with key stakeholders to develop and implement risk reduction solutions
• Solid understanding of risk management and/or regulatory frameworks
• Good teamwork skills

Good to Have

• Experience within financial services and asset management
• Understanding of investment products

Perks & Benefits

• Retirement investment and tools
• Access to education reimbursement
• Comprehensive resources to support physical health and emotional well-being
• Family support programs
• Flexible Time Off (FTO)

About this role

Title: Associate, Prudential Risk Specialist, Enterprise Risk Management

Business and Team Overview

BlackRock’s Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. The Enterprise Risk function within RQA oversees those risks which directly impact the corporate entity (i.e. BlackRock, Inc. and its subsidiaries), rather than the fiduciary risks assumed by funds/clients, such as investment risks and counterparty risks. The team’s focus includes but is not limited to: operational, regulatory, technology, third party, model and market risk.

The Resilience Risk Assessment team within the Enterprise Risk function is responsible for assessing the firm’s prudential risks to ensure the firm’s capital and liquidity resources remain adequate under severe stress. Some key prudential risks are credit, market, liquidity and operational risk.

Responsibilities

• Support enterprise risk assessments and documentation, such as Internal Capital Adequacy and Risk Assessment (ICARA), including the development and documentation of key risk scenarios and modelling for operational risk capital.
• Partner with business and risk partners to understand and quantify the financial impact of stress scenarios.
• Production of risk reporting for the Enterprise Risk team, Risk Owners, Committees and Boards.
• Enable oversight, challenge and reporting to business areas on risk management, design and effective operation of controls, including Risk & Control Self Assessments.
• Development and active promotion of the risk management framework and BlackRock risk-aware culture, including roll-out of prudential risk framework tools and training.
• Provide support for the development of risk appetite and risk profiling.
• Partner with colleagues across Enterprise Risk to synthesize risk reporting for oversight purposes.
• Support the preparation for, and response to, oversight reviews of the prudential risk framework (e.g. internal audit and regulatory reviews).

Development Value

• Provides an opportunity to develop enterprise risk management skills and knowledge within a pre-eminent asset management firm within the industry.
• Engage with collaborators across the firm to gain insights into BlackRock's products, services, and processes, offering an outstanding opportunity in Enterprise Risk.

What you have:

• A degree, preferably in Business, Finance, Risk Management, or a quantitative field.
• Excellent verbal and written English communication skills.
• Strong analytical skills with the ability to identify emerging risks, explain risk trends, understand and resolve issues, and communicate results with impact.
• Computer literate, with strong Excel skills.
• Integrity combined with high personal and professional standards. A strong commitment to excellence and ability to get a job done in the face of adversity.
• Strong interpersonal skills and an ability to communicate (verbal, written and presentation) across all levels within the organisation.
• Proactive self-starter, ability to learn quickly and to take initiative. Enthusiasm and energy combined with a clear sense of how to “make it happen”.
• Ability to work with key stakeholders to develop and implement solutions to reduce risks across the organisation.
• Solid understanding of risk management and/or regulatory frameworks, e.g. Investment Firms Prudential Regime or Capital Requirements Directive.
• Good teamwork skills.

You might also have:

• Experience within financial services and asset management.
• Understanding of investment products.

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.