Full-Time

Associate – Business Audit

Posted on 10/29/2024

BlackRock

BlackRock

Data & Analytics
Fintech
Financial Services

Compensation Overview

$105k - $137.5kAnnually

+ Annual Discretionary Bonus

Mid, Senior

Company Historically Provides H1B Sponsorship

Princeton, NJ, USA + 2 more

More locations: New York, NY, USA | Atlanta, GA, USA

Employees are required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week.

Category
Auditing
Accounting
Requirements
  • Undergraduate or graduate degree in finance, economics, accounting, or business management is preferred. BA/BS, or equivalent is required
  • 5+ years of experience; preferably in financial services and/or internal audit, including an understanding of financial instruments and asset management processes and risks
  • Interest in broad exposure to investment management, sales, trading, operations, risk management, finance and compliance activities in the asset management industry
  • Proficient understanding of current regulatory and industry events
  • Relevant professional certifications are a plus (CIA, CFSA, CISA)
  • Excellent communication (verbal, written, listening) and interpersonal skills
  • Ability to develop and maintain effective working relationships with peers and business partners
  • Intellectual curiosity and healthy skepticism
  • Ability to synthesize and articulate complex ideas
  • Critical thinking and problem-solving abilities
  • Strong project management, organizational, and presentation skills
  • Familiarity with Microsoft Office / 365
  • Commitment and strong work ethic
Responsibilities
  • Engaging with BlackRock stakeholders to understand and document key processes and risks within a specific business unit
  • Preparing process narratives and briefing memos
  • Evaluating process design and operations to analyze the effectiveness and efficiency of these processes
  • Investigating and escalating issues identified during testing
  • Validating the remediation of issues
  • Performing regulatory and industry-driven audit reviews
  • Identifying emerging firm-wide and business risks, and understanding key changes in strategies and operating model through ongoing engagements with business management
  • Completing annual risk assessments of business areas
  • Contributing to projects aimed at optimizing business processes and control activities
  • Providing advisory services during the development of new businesses and systems
  • Leading or contributing to global departmental projects
  • Developing and maintaining working relationships with BlackRock businesses and support functions, including acting as the primary Internal Audit business engagement liaison for one or more lines of business
  • Travel to regional and international locations may be required

Company Stage

N/A

Total Funding

$70.7B

Headquarters

New York City, New York

Founded

N/A

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Simplify's Take

What believers are saying

  • The $30 billion AI infrastructure fund with Microsoft could position BlackRock at the forefront of AI-driven investment opportunities.
  • Strategic acquisitions and partnerships, such as with Alexandria Real Estate Equities and Partners Group, enhance BlackRock's diversified investment portfolio.
  • The partnership with Euroclear to distribute private market funds expands BlackRock's reach in the private wealth market.

What critics are saying

  • The ambitious $30 billion AI infrastructure fund may face regulatory and operational challenges.
  • Heavy reliance on strategic partnerships and acquisitions could expose BlackRock to integration risks and market volatility.

What makes BlackRock unique

  • BlackRock's collaboration with Microsoft to launch a $30 billion AI infrastructure fund sets it apart as a leader in tech-driven investment strategies.
  • The acquisition of shares in Alexandria Real Estate Equities Inc. highlights BlackRock's strategic diversification into urban office real estate.
  • BlackRock's partnership with Injective to launch a tokenized perpetual market demonstrates its innovative approach to integrating blockchain technology into traditional finance.

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