An opportunity exists within the Compliance Advisory team servicing the Institutional Client Business within Black Rock. We are seeking an experienced compliance professional to assist the head of the team in supporting this key business area. The ideal candidate will have comprehensive relevant compliance experience within financial services with an excellent knowledge of investment products and services. The candidate should also have a keen understanding of the impact of regulation on client relationships, on boarding and provision of investment advice.
The Institutional Client Business serves institutional clients around the world, including corporate, public, union and industry pension plans; insurance companies; third-party mutual funds; endowments; foundations; charities; corporations; official institutions and banks.
Working with the head of the team to provide qualitative compliance advice and support to the Institutional Client Business and support functions.
Providing compliance support to the relevant business areas in a timely manner. Aspects include suitability, appropriateness of investment advice, on-boarding of complex clients, participating in preparation of RFP’s, attending/participating in client meetings/visits/due diligence questionnaires, fee arrangements, cross border issues, training, disclosures, complaints handling, breach identification, investment management agreement negotiations and governance.
Keeping the relevant business area up to date on any new regulation or changes to regulation that may impact their business. Work with the relevant business area to ensure necessary controls and processes are put in place to address any changes on new regulation
Reviewing client communications and/or financial promotions (as required) including presentations; providing private placement marketing advice etc.
Providing input where required on compliance matters to relevant business areas and committees. Ensure that regulatory issues are properly escalated within the department.
Working on, and communicating specified compliance projects and initiatives, including for example new regulations impacting on the relevant business areas, reviewing FCA consultation papers and providing timely advice on compliance matters.
Participate in administrative tasks, as directed.
Report Management Information on a monthly basis to the Head of Department.
Educated to degree level, or equivalent
Proven Compliance experience, ideally within the asset management industry
Understanding of the asset management sector, FCA and EMEA regulatory requirements
Experience of Compliance advisory. Consideration will be given to experienced monitoring professionals with relevant experience of investments advice, suitability, TCF, client categorisation
An industry qualification, particularly the IMC or CISI, would be an advantage
The ideal candidate would have excellent interpersonal skills, and a strong personality, combining energy, enthusiasm, resilience, tenacity and diplomacy.
Strong communication skills and ability to articulate complex situations to very senior business representatives.
High standard of accuracy and excellent attention to detail;
Ability to prioritise workloads and adhere to deadlines;
Excellent organisational skills;
Ability to collaborate across teams/functions and also autonomously with minimal supervision
BlackRock is one of the world’s preeminent asset management firms and a premier provider of global investment management, risk management and advisory services to institutional, intermediary and individual investors around the world. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world’s capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares® ETFs.