Vice President, Compliance Monitoring and Testing

London, United Kingdom
22 May 2022
01 Jun 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

London VP Job Description

L&C Overview:

BlackRock's Legal & Compliance (L&C) Department protects BlackRock's reputation and provides advice and oversight of BlackRock's business. The department is focused on:

  • 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 center of everything we do;
  • Ensuring adherence to applicable laws and regulations;
  • Cultivating and enhancing the strong compliance culture within BlackRock;
  • Providing thought leadership on the impact and implementation of regulatory change;
  • Fostering excellence within the Compliance team; and
  • Actively developing the skills knowledge and careers of each member of the Compliance team.

EMEA Head of Compliance Monitoring and Testing, Vice President:

The EMEA Head of Compliance Monitoring and Testing ("CMT") is a Vice President level role within BlackRock's Legal & Compliance department. The role is based in London and reports into the Global Head of CMT. The CMT team is part of the broader Enterprise Compliance function, which also includes the Core Compliance, Communications & Digital Reporting and Records Governance functions. The role requires leadership of the CMT team for the EMEA region and execution of Compliance Monitoring and Testing reviews in collaboration with the global team.

The CMT team is a dynamic, high profile, high performing global team which identifies and assesses regulatory and conduct risk across BlackRock through execution of an annual program of Compliance Monitoring and Testing reviews. The suite of reviews and tests are identified through routine assessments of risk and are aligned to regulatory requirements. The Compliance Monitoring program includes in-depth reviews focused on different business units, country offices and regulatory themes as well as an ongoing program of targeted testing.

The Head of CMT EMEA engages closely with key business and L&C stakeholders of all levels to develop a detailed understanding of business operations in order to appropriately assess risk and help identify potential gaps requiring mitigation.

The successful candidate will have a key role in managing the performance of individuals within the EMEA team as well as leading and delivering projects that enhance the team's operating effectiveness and delivery.

Key Responsibilities:

The successful candidate will be required to:

  • Oversee, execute and support the delivery of the monitoring and testing programme.
  • Contribute to the planning, preparation, and socialization of annual compliance monitoring plan, including performing compliance risk assessments in collaboration with regional and global L&C stakeholders;
  • Support the regional and global CMT team in the identification, evaluation, and testing of compliance related controls with the objective of providing assurance that BlackRock continues to meet its regulatory compliance and conduct obligations globally, with specific emphasis on EMEA requirements.
  • Deliver the scoping, execution and reporting of CMT reviews in accordance with team procedures. This includes: (i) undertaking extensive scoping and planning activities to develop comprehensive test plan/testing matrix; (ii) drafting cohesive reports/working papers for CMT reviews; (iii) present findings and recommendations to senior management within L&C and senior business stakeholders
  • Track identified issues and action plans to validate remediation efforts as well as escalate to relevant stakeholders where required.
  • Support the team in preparing and delivery of management information to senior management, boards and committees.
  • Develop strong partnership and collaboration with key stakeholders within business as well as L&C department both regionally as well as globally.
  • Partner with regional leads to deliver global reviews as well as lead/deliver strategic projects, initiatives and/or review.
  • Build an understanding and awareness of BlackRock's business, product platform and its operational and regulatory control environment.
  • Demonstrate strong subject matter expertise on EMEA specific regulations, particularly relevant to BlackRock's business activities regionally and globally, including maintaining an up to date knowledge of changes in key regulatory requirements, regulatory focus and risk themes impacting BlackRock's regulatory compliance and conduct obligations.
  • Proactively identify, analyze and escalate key regulatory risks identified as part of risk assessment and/or compliance monitoring activities.
  • Oversee the performance of individuals within the team

Knowledge/Experience and Education

Deep Compliance and EMEA-specific regulatory expertise, including relevant, hands-on experience leading/developing compliance reviews and targeted testing plans is required, along with an understanding of risk assessment methodologies.

The role requires the successful candidate to have strong written and verbal communication skills and confidence engaging with and managing ongoing relationships with a broad range of stakeholders within Compliance and across the business. We are looking for a candidate who is enthusiastic, collaborative, thinks creatively, is confident, proactive, can balance competing priorities and meet tight deadlines while managing and maintaining positive engagements with stakeholders .

The knowledge and experience that would be beneficial for this role includes:

  • Proven track record of leading deep dive regulatory or compliance reviews and targeted testing at a regulated firm, a regulator or leading consulting firm, and/or as part of an Internal audit or other testing function
  • Understanding of the asset management sector;
  • A strong knowledge of regulatory requirements and focus areas in the UK and European Union;
  • Excellent verbal and written communication skills with a track record of drafting high impact and high-quality reports;
  • Experience leading high performing teams;
  • Project management skills and experience delivering projects in a complex organization;
  • A proven track record in producing high quality deliverables under competing priorities and adherence to deadlines; and
  • Knowledge of other key Compliance and risk management topics would be beneficial, for example risk assessment methodologies and developing management information.
  • Motivated, action-oriented and adaptable
  • Strong analytical, critical thinking and problem-solving skills with the ability to exercise sound and balanced judgment
  • Proactive identification of risks and ability to propose solutions
  • Ability to work independently as well as with a range of senior managers, and peers
  • Minimum 7-10 years relevant experience

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.

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 | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

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.

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