Associate – External Provider Oversight

About this role

BlackRock’s business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. We are committed to our clients—period. Our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future.

That’s why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and its why companies, institutions and global governments come to us for help meeting their biggest financial challenges.

The Team

The Dealer Services department s responsible for managing relationships with third-party intermediaries and ensuring compliance with various regulatory and contractual requirements. This department plays a crucial role in overseeing the due diligence reviews (DDRs) of intermediaries for Retail Mutual Funds, Variable Series Funds, and Institutional Money Market Funds. The team collaborates with internal business partners, such as Relationship Managers, Legal, and Compliance teams, to evaluate intermediaries’ compliance with prospectus disclosure requirements, laws, and regulations. Additionally, the department manages third-party vendor relationships and works closely with global oversight teams to ensure program alignment and successful integration of services.

We are seeking an exceptionally skilled individual for the position of Associate Oversight. This outstanding opportunity is located in Princeton, NJ, within our Dealer Services department.

As an Associate at BlackRock, you will play a crucial role in leading all aspects of the Due Diligence Reviews (DDRs) of our Third Party Intermediaries (Intermediaries) for our Retail Mutual Funds, Variable Series Funds, and Institutional Money Market Funds. You will be responsible for evaluating the Intermediaries’ compliance with prospectus disclosure requirements, laws and regulations, and contractual agreements with BlackRock and/or the Funds and IMM Funds.

To successfully perform the DDRs, you will engage with various internal business partners and levels of management, such as Relationship Managers, Legal and Compliance teams, and more. Your strong communication skills will be critical in representing BlackRock effectively in meetings with Intermediaries. Additionally, you will lead third-party vendor relationships on behalf of BlackRock and collaborate with our global Oversight team members in EMEA.

To be successful, you should have a strong focus on following procedures, paying attention to details, and have experience in audits. Building and maintaining positive relationships with customers, and using a persistent but thoughtful approach to completing reviews is crucial. Your drive to deliver excellent service to clients and business partners will be instrumental in your achievements.

Requirements:

• Strong communication skills

• Ability to lead relationships with third-party vendors

• Collaborate with EMEA Due Diligence team to ensure program alignment

• Independent work to establish timelines and ensure completion of the annual due diligence program

• Seeking a candidate who values precision and has experience in audit-related tasks

• Strong customer relationship skills with a persistent yet diplomatic approach

• Motivated to provide outstanding internal and external business partners

• Skilled in identifying potential risks and taking appropriate action to mitigate the impact

• Continuous expansion of skills/knowledge in compliance, regulations, and industry knowledge

• Assessment of the DDR process and recommendation of changes as applicable

• Adopting technology solutions and encouraging a culture of continuous growth

• Ability to work flexible hours and travel

• Bachelor’s degree in Business, Finance, Accounting, or a related field (equivalent experience also considered)

Skills:

• Minimum 3-5 years of Fund Operations, Brokerage Operations, and Transfer Agent experience and/or Mutual Fund Transfer Agency and Mutual Fund Administration

• Big 4 experience is a plus

• Solid understanding of NSCC platforms

• Familiarity with omnibus environment including proprietary and primary vendor platforms

• Strong interpersonal and phone skills

• Attention to detail, communication, organizational, and leadership skills

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.

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.