About this role

Summary:     

We are seeking a self-motivated Compliance professional to provide compliance support to the U.S. Wealth Advisory’s retail SMA and managed models business, including Aperio Group, LLC, a wholly-owned subsidiary of BlackRock, which works with financial advisors to personalize and tax optimize equity SMAs through direct indexing.

The Compliance professional would be responsible for working with the head of SMA Compliance in supporting the compliance infrastructure of the SMA business, spanning both equity and fixed income strategies and models. The position would include responsibility for a broad range of issues across the SMA Solutions business, encompassing, among other things, cross-border licensing guidance for non-US clients, assisting with client onboarding processes and procedures, portfolio management and trading support, liaising with the broader legal and compliance teams in reviewing and monitoring a broad range of business functions, and conducting periodic testing of compliance with policies and procedures. The successful candidate will need to demonstrate the ability to build, maintain and enhance a strong compliance framework and program while having a strong knowledge of applicable regulations. The ability to work collaboratively with the various business stakeholders and the broader legal and compliance teams is also a key requirement.

Qualifications

• 3 to 7+ years of financial services compliance with an asset management firm, investment adviser and/or broker-dealer.
• Ability to identify Compliance risks and propose mitigation solutions.
• Ability to work as part of a team and independently in a fast-paced environment with competing priorities.
• Knowledge of the Investment Advisors Act of 1940 is required,
• Working knowledge of the Investment Company Act of 1940, the Securities Act of 1933 and the Securities Act of 1934 is preferred.
• Prior experience in Compliance, Operations, Contracting, Legal, Audit, or Risk Management roles is a plus.
• Experience working at a regulator (e.g., SEC, FINRA, NFA, CFTC) is a plus.
• Knowledge of advisory services (e.g., SMAs), including the relevant regulatory regimes and compliance requirements.
• Excellent and demonstrable written and oral communication skills, including the ability to conduct training sessions and give presentations to groups of varying seniority.
• Ability to partner with, and provide guidance to, internal business units at various levels within the organization.
• Strong organizational and project management skills, and attention to detail.
• Four-year college degree required. Advanced degree (e.g., JD, MBA) is preferred.

Key Responsibilities

• Conduct periodic testing and compliance reviews in the SMA and Models businesses as needed. Projects could include tasks such as interfacing with custodians to confirm client account statement delivery obligations are met, and review of portfolio management compliance with investment guidelines and compliance with internal restrictions.
• Working with Legal and Compliance personnel to maintain a database of legal guidance for non-US jurisdictions regarding cross-border licensing issues and providing guidance to business teams as needed.
• Assist with collecting information for Forms ADV and testing to ensure data is accurate, with timely submission for filing.
• Develop, implement, and maintain policies, procedures, and processes to address key regulatory, compliance and reputational risks areas for the SMA business, liaising with existing compliance and legal personnel covering various areas within the business.
• Support the regulatory engagement process, including working with internal compliance and business partners in responding to regulators as part of examinations and inquiries, and other regulatory interactions, in addition to assisting with Internal Audit reviews.
• Lead or participate in cross-departmental projects impacting Legal and Compliance and the business.
• Keep informed of regulatory changes, trends, and focus within the industry and assist with assessing impact to the firm, including the creation of, or enhancements to, compliance controls and oversight.
• Providing periodic Compliance training to employees as needed.

For California only the salary range for this position is $125,000 - $173,500. Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, 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 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.

Our hybrid work model

BlackRock’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.

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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

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.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.