About this roleDirector, Third Party Resilience Risk, RQA Enterprise Risk ManagementJob DescriptionBusiness OverviewThe 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 RiskThird 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 ResponsibilitiesProgram leadership and management
- Own the firm's framework and policy for managing third party risks, with a particular focus on resilience-related risks for critical third parties.
- Coordinate with stakeholder groups to ensure clear roles, responsibilities and accountability.
- Collaborate with internal business stakeholders, including risk partner and enterprise vendor governance teams, to monitor, escalate and oversee the remediation of third-party risk issues identified.
- Represent BlackRock's third party risk program to relevant regulators (e.g. OCC).
- Lead Third-Party Risk Management for Americas region.
Framework enhancements
- Develop a testing program to challenge third-party risk management resilience-related processes and controls across the business to help identify vulnerabilities with critical third party and counterparty relations, in alignment with wider testing programs (e.g. global operational resilience testing).
- Maintain and evolve program to review and test critical third-party exit and replacement strategies.
- Expand insights gained through the use of continuous monitoring of the firm's critical and high risk third-party supply chains, to scale the firm's efforts to detect, assess and manage emerging third-party risks.
- Mature the firm's oversight and assessment of third party concentration risks.
Experience- Ideally 10+ years of enterprise risk or third-party risk management related experience, preferably within investment management.
- Experience developing a third-party risk testing program, particularly focusing on operational resilience.
- Established, or ability to establish, strong business relationships with partner functions (e.g. Information Security and Enterprise Resilience) while exerting challenge to influence the evolution of the risk framework and/or business processes.
- Proven and effective written and verbal communication skills to all levels of the organization including external regulators and Boards.
- BS/BA required, preferably Business, Finance, Risk Management -CTPRP designation a plus.
- Working knowledge of third party regulatory requirements, e.g. Third-Party Relationships: Interagency Guidance on Risk Management, Digital Operational Resilience Act, EBA Outsourcing Guidelines, and/or Operational Resiliency local regulatory requirements.
For New York, NY Only the salary range for this position is USD$194,000.00 - USD$270,000.00 . 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 benefitsTo 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 modelBlackRock'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.
Guidance on AI use for candidatesAt BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided
guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
