Third Party Risk Management, RQA, Analyst

The Risk & Quantitative Analysis (RQA) group at BlackRock provides independent oversight of fiduciary and enterprise risks, aiming to enhance risk management practices and offer independent advice. This role focuses on Third Party Risk Management, identifying and mitigating risks introduced by existing and potential third parties through due diligence, incident management, and performance monitoring. The analyst will support platform users, collaborate with internal and external partners, interface with senior management, and help evolve the risk management framework for critical third parties.

Must Have

• Provide targeted support, guidance and training to 3PRM platform users
• Collaborate with multiple internal business, sourcing and risk partner teams to identify, test, monitor and escalate third-party risks
• Support the head of third-party risk with interfacing with senior management, committees, clients and regulators
• Support head of third-party risk to implement and evolve the risk management framework for critical and high-risk third parties
• Challenge third-party risk management processes and controls, escalate issues for remediation and analyse data and trends
• Escalate significant third-party operating events and trends
• Operational Risk or Enterprise Risk management related experience, preferably within the financial services industry
• Experience in preparing reporting for Committees and Boards
• Excellent analytical skills with the ability to identify emerging risks, summarise issues and explain risk trends
• Proven and effective written and verbal communication skills
• BS/BA required, preferably Business, Finance, Risk Management

Good to Have

• CTPRA/CTPRP designation

Perks & Benefits

• Strong retirement plan
• Tuition reimbursement
• Comprehensive healthcare
• Support for working parents
• Flexible Time Off (FTO)

About this role

Business Overview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRock’s fiduciary and enterprise risks. RQA’s mission is to advance the firm’s risk management practices and deliver independent risk advice and constructive challenge to drive better business and investment outcomes. While fulfilling this mission, RQA provides quantitative analysis and evidence-based insights to many of BlackRock’s businesses, helping to promote the spread of best practices across the firm. RQA promotes BlackRock as a leader in risk management by providing independent top-down and bottom-up oversight to help identify investment, counterparty, operational, regulatory, technology, and third-party risks.

RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group, our goal is to create a culture of inclusion which encourages teamwork, innovation, diversity and the development of future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose.

Third Party Risk

Third Party Risk Management works with internal and external business and risk partners to identify the risks that existing, and potential, third parties introduce to BlackRock and our clients, and assess controls to mitigate those risks through initial and ongoing due diligence, incident management and performance monitoring. BlackRock’s third parties include fund operations providers, technology vendors, index and market data providers, distributors and real asset service providers where BlackRock owns or is responsible for operating a physical asset.

Key Responsibilities

• Provide targeted support, guidance and training to 3PRM platform users, ensuring they can effectively use the application
• Collaborate with multiple internal business, sourcing and risk partner teams, to identify, test, monitor and escalate third-party risks as part of the second line of defense
• Support the head of third-party risk with interfacing with senior management, committees, clients and regulators
• Support head of third-party risk to implement and evolve the risk management framework for critical and high-risk third parties
• Challenge third-party risk management processes and controls, escalate issues for remediation and analyse data and trends to raise awareness of potential risks to senior management
• Escalate significant third-party operating events and trends

Experience

• Operational Risk or Enterprise Risk management related experience, preferably within the financial services industry
• Experience in preparing reporting for Committees and Boards combined with an ability to communicate effectively with key stakeholders required
• Excellent analytical skills with the ability to identify emerging risks, summarise issues and explain risk trends
• Proven and effective written and verbal communication skills
• BS/BA required, preferably Business, Finance, Risk Management – CTPRA/CTPRP designation a plus

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 Us

BlackRock's purpose is to help more and more people experience financial well-being. As a global investment manager and a leading provider of financial technology, our clients—from grandparents, doctors, and teachers to large institutions—turn to us for the solutions they need when planning for their most important goals. People join our firm from around the world to gain real-world experience while making an impact. Discover how you can have a career at BlackRock that's exciting, rewarding and full of possibilities.

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