Outsourcing Oversight Support - Analyst/Associate
Outsourcing Oversight Support - Analyst/Associate
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Job Description
About this role
Role Overview:
The Analyst /Associate will play a critical role in supporting the organisations oversight of outsourcing arrangements and associated outsourcing regulations. The role involves ensuring the organisation complies with regulatory requirements maintains robust oversight of third-party service providers and mitigates risks associated with outsourcing arrangements.
This position offers an opportunity to work closely with senior management and cross-functional teams to strengthen the organisations outsourcing governance framework ensure operational resilience and enhance regulatory compliance.
Key Responsibilities
Outsourcing Oversight and Governance:
- Assist in maintaining the organisations outsourcing register ensuring it is accurate comprehensive and compliant with CP 138 requirements.
- Support the implementation of the organisations outsourcing governance framework including policies procedures and oversight mechanisms.
- Assist in periodic reviews of outsourcing arrangements to ensure compliance with contractual and regulatory obligations.
Due Diligence and Risk Assessments:
- Assist in conducting due diligence on new and existing outsourcing providers assessing their financial operational and regulatory compliance capabilities.
- Support risk assessments of outsourcing arrangements including identifying mitigating and monitoring risks.
- Ensure appropriate risk management controls are in place for critical and important outsourcing arrangements.
Regulatory Compliance:
- Assist in preparing reports to the Central Bank of Ireland related to outsourcing including notifications and incidents.
- Monitor changes to outsourcing regulations and support the implementation of necessary adjustments to internal frameworks.
- Ensure compliance with guidelines on operational resilience data protection and business continuity in outsourcing arrangements.
Performance Monitoring:
- Monitor the performance of outsourcing service providers ensuring they meet service level agreements (SLAs) and key performance indicators (KPIs).
- Support the resolution of any service delivery issues escalating to senior management as necessary.
- Assist in preparing performance reviews and reports for internal stakeholders and regulatory bodies.
Operational Resilience and Business Continuity:
- Collaborate with internal teams to ensure outsourcing arrangements align with the organisations operational resilience and business continuity plans.
- Assist in testing and validating service provider contingency plans to ensure preparedness for disruptions.
Stakeholder Engagement:
- Work with internal teams including Legal IT and Risk to ensure comprehensive oversight of outsourcing arrangements.
- Liaise with third-party providers to obtain necessary information and ensure alignment with the organisations policies and regulatory expectations.
Project Management and Administration:
- Coordinate enterprise-wide projects tracking timelines budgets and deliverables.
- Maintain documentation for systems policies procedures and regulatory submissions.
- Provide administrative support to the CEO and C00 including diary management preparing presentations and reports for senior management and regulatory bodies.
Key Competencies
- Regulatory Awareness: Strong understanding of CP 138 outsourcing regulations and related guidelines from the Central Bank of Ireland.
- Analytical Skills: Ability to assess outsourcing risks analyse data and evaluate service provider performance.
- Organisational Skills: Strong ability to manage multiple tasks maintain detailed records and meet tight deadlines.
- Communication: Clear and concise communication skills with the ability to engage with internal and external stakeholders.
- Problem-Solving: Proactive approach to identifying and addressing issues related to outsourcing arrangements.
- Collaboration: Strong interpersonal skills to work effectively across teams and with service providers.
Qualifications and Experience
Education:
- Bachelors degree in Business Administration Risk Management Compliance Law or a related field.
Experience:
- 1-3 years of experience within financial services or a regulated entity.
- Experience in outsourcing oversight risk management compliance or vendor management within financial services or a regulated industry.
- Familiarity with CP 138 and other relevant regulatory guidelines would be an advantage.
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
BlackRocks 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 childrens 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. Its why were 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: 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.
Required Experience:
IC
Employment Type
Full-Time
