About this role
Business Unit Overview:
BlackRock's Compliance Department protects BlackRock's reputation and provides client focussed advice. The department is a dynamic environment with the team focused understanding and advising on the impact of regulation in our business, with the objective of:
- Actively participating in business decisions to champion our clients' interests and assist the business in translating compliance requirements and expectations into their daily work.
- Putting client interests at the centre of everything we do.
- Ensuring adherence to, and providing advice on, applicable laws, regulations, and BlackRock Compliance policies.
- Collaborating with the business to position Compliance centrally into their daily work.
- Encouraging and improving the compliance culture within BlackRock.
- Providing thought leadership, analysis, and advice on the impact of the regulatory framework on the business and its clients
- Developing and encouraging excellence within the Compliance team; and
- Actively developing the skills and careers of each member of the Compliance team.
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Role Description:
An exciting opportunity has arisen for an Associate to join our EMEA Investment & Trading Compliance team, which includes supporting our Portfolio Management Group businesses and our Trade & Transaction Reporting framework. This position will complement an existing team of expert compliance professionals based in Edinburgh.
Investments and Trading:
The Investments and Trading Compliance Team is responsible for providing timely and high-quality compliance oversight of front line of business activities supporting Equities, Fixed Income, Multi-Asset and Trading. The Investment and Trading Compliance team also provides regulatory oversight of BlackRock Capital Markets, Securities Lending, Transitions Management, Stewardship and Regulatory Reporting. The Investment and Trading Compliance Team are trusted advisers and are pro-active in understanding the businesses, their strategic goals, and initiatives. This role is necessarily broad, and we provide professional compliance advice, support, challenge and oversight on business development, conflicts, market abuse, regulatory implementation, investment allocation, aggregation, reallocation, policy and procedure design.
Our ideal candidate should have proven Compliance experience within the asset management or Investment Banking industry and will have gained expertise in Equities and Fixed Income, as well as providing timely and value-add regulatory advice. Experience in collaborating with investment professionals, legal and corporate functions would be a distinct advantage. The successful candidate will exhibit sound partnership, regulatory and relationship management skills. The strength of character to offer credible challenge will be essential, as will be the ability to engage successfully with stakeholders at all levels of the business.
Key responsibilities include:
- Providing qualitative compliance advice to all business units, ensuring that regulatory issues are managed and/or escalated appropriately.
- Liaising with portfolio managers, traders and other investment staff on regulatory matters including the eligibility of instruments within portfolios and the application of BlackRock's compliance policies, e.g., trade crosses, error correction, fair allocation, best execution, inside information and wall-crossings and short selling.
- Liaising with portfolio managers and our Global Capital Markets team on regulatory matters including advising on the application of Information Barrier policy, Restricted List and regulatory requests for information.
- Working as part of a global team responsible for maintaining BlackRock's information barriers, policies and procedures and restricted list processes.
- Working with global counterparts in the US and APAC to ensure a level of consistency globally, leveraging best practice wherever possible.
- Working closely with the Trade and Transaction Reporting Compliance team, ensuring that regulatory issues are managed and/or escalated appropriately.
- Delivering periodic compliance training to our businesses on matters including but not limited to market abuse, information barriers and conflicts of interest.
- Preparation and delivery of management information, reports and presentations to department and business unit management, management company boards and regulatory bodies as required.
- Responsible for ensuring timely advice and support on compliance matters related to business projects and business strategy.
- Providing support and advice on re-allocation requests and internal crossings.
- Working on, and leading where required, specified compliance projects and initiatives, in connection with the interpretation and implementation of new regulation.
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.
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 Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.