Director, Third Party Risk Management

About this role

Director Third Party Resilience Risk RQA Enterprise Risk Management

Job Description

Business Overview

The Risk & Quantitative Analysis (RQA) group provides independent oversight of BlackRocks fiduciary and enterprise risks. RQAs mission is to advance the firms risk management practices and deliver independent risk advice and constructive challenge to drive better business and investment outcomes. While fulfilling this mission RQA provides quantitative analysis and evidence-based insights to many of BlackRocks businesses helping to promote the spread of best practices across the firm. RQA promotes BlackRock as a leader in risk management by providing independent top-down and bottom-up oversight to help identify investment counterparty operational regulatory technology and third party risks.

RQA is committed to investing in our people to promote both individual accomplishment and a strong collaborative environment. As a global group our goal is to create a culture of inclusion which encourages teamwork innovation diversity and the development of future leaders. We actively engage in discussions on career growth and work with team members to understand how personal passions and strengths connect with our purpose.

Third Party Risk

Third Party Risk Management works with internal and external business and risk partners to identify the risks that existing and potential third parties introduce to BlackRock and our clients and assess controls to mitigate those risks through initial and ongoing due diligence incident management and performance monitoring. BlackRocks third parties include fund operations providers technology vendors index and market data providers distributors and real asset service providers where BlackRock owns or is responsible for operating a physical asset.

Key Responsibilities

Program leadership and management

• Own the firms framework and policy for managing third party risks with a particular focus on resilience-related risks for critical third parties.
• Coordinate with stakeholder groups to ensure clear roles responsibilities and accountability.
• Collaborate with internal business stakeholders including risk partner and enterprise vendor governance teams to monitor escalate and oversee the remediation of third-party risk issues identified.
• Represent BlackRocks third party risk program to relevant regulators (e.g. OCC).
• Lead Third-Party Risk Management for Americas region.

Framework enhancements

• Develop a testing program to challenge third-party risk management resilience-related processes and controls across the business to help identify vulnerabilities with critical third party and counterparty relations in alignment with wider testing programs (e.g. global operational resilience testing).
• Maintain and evolve program to review and test critical third-party exit and replacement strategies.
• Expand insights gained through the use of continuous monitoring of the firms critical and high risk third-party supply chains to scale the firms efforts to detect assess and manage emerging third-party risks.
• Mature the firms oversight and assessment of third party concentration risks.

Experience

• Ideally 10 years of enterprise risk or third-party risk management related experience preferably within investment management.
• Experience developing a third-party risk testing program particularly focusing on operational resilience.
• Established or ability to establish strong business relationships with partner functions (e.g. Information Security and Enterprise Resilience) while exerting challenge to influence the evolution of the risk framework and/or business processes.
• Proven and effective written and verbal communication skills to all levels of the organization including external regulators and Boards.
• BS/BA required preferably Business Finance Risk Management -CTPRP designation a plus.
• Working knowledge of third party regulatory requirements e.g. Third-Party Relationships: Interagency Guidance on Risk Management Digital Operational Resilience Act EBA Outsourcing Guidelines and/or Operational Resiliency local regulatory requirements.

For New York NY Only the salary range for this position is USD$194000.00 - USD$270000.00 . Additionally employees are eligible for an annual discretionary bonus and benefits including healthcare 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

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.

Guidance on AI use for candidates

At BlackRock AI has long been part of how we work enhancing decision-making improving operations and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn prepare and work more effectively; but during our interview process we want to focus on getting to know you through your own experiences thinking and judgment. To support you weve provided guidanceon when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.

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.

To learn more about BlackRock please visit . We also encourage you to get to know us on LinkedIn Instagram YouTube X and TikTok.

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees and we evaluate qualified applicants without regard to race creed color national origin sex (including pregnancy and gender identity/expression) sexual orientation age ancestry physical or mental disability marital status political affiliation religion citizenship status genetic information veteran status or any other basis protected under applicable federal state or local law.View theEEOCs Know Your Rights poster and its supplementand thepay transparency statement.

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process please email . All requests are treated in line with our.

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.