Associate, Change Manager, Technology & Operations Regulatory Change

Edinburgh, United Kingdom
12 May 2023
11 Jun 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

Elevate your career by joining the world's largest asset manager! Would you thrive in an environment that fosters positive relationships and recognizes outstanding performance? We know how important it is to feel valued every single day and be recognized for your contribution. At BlackRock, we strive to empower our employees and effectively engage your involvement in our success. With over $8 trillion of assets we have an outstanding responsibility: our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being.

Job Purpose/ Background

The EMEA Technology and Operations Regulatory Change (TORC) team reports into the EMEA Head of Technology and Operations and is responsible for ensuring operational readiness for incoming regulatory change impacting the function. As well as leadership of change programs, the team is responsible for the management of horizon scanning, impact assessment and communication of incoming regulations impacting teams across the function. By partnering with T&O functional teams as well as functions across the firm, the team help to ensure that an appropriate operating model is in place to meet regulatory requirements on an ongoing basis.

TORC is seeking an Associate in Edinburgh to act as a business analyst driving the firm's most critical regulatory implementations. The role involves analysing new and changing regulatory obligations that impact BlackRock's Technology & Operations teams and using technology and innovative thinking to solve complex issues. The ideal candidate is someone who enjoys shifting challenges, ambiguous environments, thinks creatively, possesses the confidence to have an opinion, takes initiative, asks the right questions to move forward, networks quickly and thrives under close scrutiny and tight deadlines.

This role will include supporting project objectives, potentially supporting/running workstreams and tracking progress against objectives. Key is the ability to build positive relationships across the operating platforms, simplify the messaging of requirements, and work with teams to ensure that operating models meet regulatory expectations. The role requires deep dives into relevant regulation working with Senior BA's to articulate impact at a high level for T&O and more detailed level for supporting functional business processes.

We place tremendous focus on empowering and developing our people, improving their leadership and delivery skills and broadening their firm and industry knowledge. This role provides the opportunity for an individual to lead and drive significant change across the EMEA T&O function.

  • Work with a small team which will assess and coordinate the program of incoming regulation impacting the EMEA T&O function
  • Conduct analysis of data and business processes to validate how the regulation applies to BlackRock's operating & technology platform, capturing current and future impact operating models, ensuring close alignment to regulatory interpretation guidance from Legal & Compliance
  • Simplify complex regulatory topics, ensuring the T&O impact assessment is clearly articulated and communicated to stakeholders
  • Ensure key issues and risks are being identified and appropriately raised through appropriate individual workstreams and captured into overall project
  • Document findings and convert them into clear, specific technology and business process requirements documents, collaborating with technology and business team partners to drive consensus
  • Use creativity and initiative to develop high impact, multi level materials/artefacts for communication with senior management to help with decision making.
  • Support Change leaders and Project Managers to capture and develop project plans with measurable goals, gather updates from key business partners, drive consensus and communicate plans and results to stakeholders/management

About you
  • 3+ years of experience in asset management or financial services
  • Familiarity with asset management middle and back-office functions and an understanding of regulatory impact
  • Unending curiosity to learn end-to-end business processes and get into the details of all the possible ways in which the underlying systems can be used by those processes
  • Confidence that you will thrive on multiple fast-paced and high-profile projects simultaneously
  • Strong collaboration skills and experience of working cross-functionally and with individuals at all levels of seniority
  • Flexibility to accommodate changing priorities across projects and portfolios and be able to bring a positive and creative approach to problem solving
  • Ability to work effectively on your own as well as within a team
  • A reputation as a good/flexible communicator (Written, verbal and visual) and the ability to distil sophisticated concepts and information
  • Excellent attention to detail and a strong drive to succeed
  • A consultancy back ground or experience performing analysis of multiple different models, functions and environments
  • A keen interest in the evolving ESG/sustainability regulatory landscape in Europe and the UK is a bonus (e.g., SFDR, TCFD, SDR, etc.) as well as other up coming regulations (eg. DORA)
  • Experience creating business process flows/ target operating models , using tools such as Visio or Signavio
  • Strong in MS Office skills - PowerPoint, Excel, Word; experience with Smartsheet is a plus

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 current hybrid work model is designed to enable in-person connections and collaboration that is core to our culture, while supporting increased flexibility for all employees. In line with local health guidance and regulations, employees are required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week. Some business groups may require more time in the office due to their roles and responsibilities. The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

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.

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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.