EMEA Advisory RED - VP

Job Description

DescriptionAbout this roleBusiness Unit Overview:BlackRocks Compliance Department protects BlackRocks reputation and provides client focussed advice. It understands, challenges and advises on the impact of regulation in our business, with the objective of:

• Actively participating in business decisions in order to champion our clients interests;
• Collaborating with the business to position Compliance centrally into their daily work;
• Ensuring that client interests are at the centre of everything we do;
• Cultivating and enhancing the compliance culture within BlackRock;
• Providing thought leadership, analysis and advice on the impact of the regulatory framework on the business and its clients; and
• Developing and fostering excellence within the Compliance team.

Role Description:An exciting opportunity has become available for a Vice President to join BlackRocks Regulatory Engagement and Development (RED) Compliance team. The successful candidate with support RED in EMEA in enabling BlackRock to meet its regulatory obligations associatedwith digital and resilience-based regulation. This is an exciting opportunity to join a specialist team of experienced compliance advisors, with this role linked to an area of regulation which is evolving and growing. It provides the successful candidate withan opportunity to shape BlackRocks response to this increasingly important area of regulation. This senior position will directly report into the EMEA Head of Regulatory Engagement and Development. This role is necessarily broad given the growing footprint of digital regulations and with the RED team providing professional compliance advice, support, challenge and oversight including on business development, regulatory implementation, policy design andregulatory reporting and training. The successful candidate will be responsible for advising and supporting the business in interpreting, understanding and thereafter implementing digital and resilience-based regulations in EMEA. Responsibilities will also include the verification that businesseshave followed this advice. The candidate should be able to demonstrate relevant regulatory knowledge and experience within financial services having gained around six to ten years relevant compliance or regulatory experience with a major global asset manager,investment bank or regulator. The candidate must have a successful record in collaborating with legal, operations and investment professionals and exhibit strong partnership, technical regulatory and relationship management skills. The strength of character to offer healthy challenge willbe essential, as will be the ability to engage successfully with stakeholders at all levels of the business. A highly motivated self-starter, the successful candidate will demonstrate sound judgment, excellent technical and regulatory knowledge, a strong teamethic, combined with high energy, enthusiasm, resilience, tenacity, diplomacy and relationship management skills. Candidates will need to demonstrate success in maintaining strong working relations on a local and possibly global stage. Key responsibilities/elements of the role will include:

• Act as compliance advisor on key digital regulations including, but not limited to, cryptoassets, DORA, and the UK operational resilience rules (including those relating to critical third-parties). An understanding and experience of the UK and EU regulationsenvironment and legislative process is essential;

• Translating regulatory requirements into documented interpretive guidance;

• Working with Legal and Compliance colleagues to maintain and update a library of such interpretations, including those in response to changes to rules, regulatory expectations and business processes;

• In partnership with business colleagues, identifying the scope and impact of regulatory changes on business processes;

• Advising impacted business areas on changing regulatory requirements and on the design of required controls enhancements;

• Ex-ante verification of the outputs, controls and processes (as applicable) designed by business partners to meet regulatory requirements;

• Working with Legal and Compliance colleagues in implementing ex-post testing and verification of the outputs from business process to ensure these are consistent with regulatory requirements and expectations. This may include:

• Ex-post review of procedures adopted by business areas;

• Data driven testing / surveillance of compliance with the relevant regulation;

• Periodic risk-based sample testing of outputs;

• Participating in global and/or regional Compliance initiatives to ensure global consistency, implementing new requirements and ensuring best practices, and

• Supporting the head of the team and global counterparts in providing qualitative compliance advice to all business units impacted by relevant regulations and ensuring relevant issues are escalated appropriately.

• Liaising with BlackRocks internal teams, such as Technology and Operations and Aladdin Product Group to provide advice and support to business functions on relevant regulations;

• Working with global counterparts in the US and APAC to ensure a level of consistency globally, leveraging best practice wherever possible; and

• Assist with preparation and delivery of management information, reports and presentations to department and business unit management, management company boards and regulatory bodies as required.

Knowledge/experience:

• The ideal candidate will have compliance advisory experience within a buy-side asset manager or investment bank, or direct regulatory experience, alongside excellent communication skills and a strong personality, combining energy, enthusiasm, resilience,tenacity, diplomacy and above all, sound judgement under pressure;
• Ability to articulate complex issues in a clear and concise manner. Strong presentation skills and effective in writing, including ability to escalate where necessary;
• Successful record in navigating a complex matrix of accountability and stakeholders;

High standard of accuracy and excellent attention to detail. High levels of intellectual rigour and curiosity also an advantage;Excellent organisational skills - ability to prioritise own wo