Associate, Due Diligence Operations

Job Description

About this role

Technology & Operations:

With operations all over the world and a range of investment products and services, BlackRock is one of the most sophisticated financial services organisations servicing clients today. In an effort to achieve operational excellence, Technology & Operations ensures BlackRock's operations are consistent and efficient across investment products, client channels and regions. Technology & Operations comprises a number of groups including Client Experience which consists of OnBoarding (Implementation and Contracting), Billing, Client Reporting and Client Order Management.

Team Overview:

The Due Diligence Operations team forms a key control function within Technology & Operations. We perform AML/KYC customer due diligence and sanctions screening for clients executing investment management agreements directly with a BlackRock entity globally. We also handle various processes relating to updating AML KYC data and documentation and provide sanction screening against updated authorized signature lists.

Role Overview:

The role is to join our Due Diligence Operations team as an AML/KYC Onboarding and Refresh Associate.

The successful candidate will be responsible for providing in depth knowledge of BlackRock’s AML/KYC policies as well as providing an excellent client experience during the on-boarding of new clients and refresh of existing clients within BlackRock. You will support a growing area in a dynamic and ambitious environment. You will work closely with Sales teams, Client Experience Management and partner with Legal & Compliance to handle exceptions and ensure compliance with BlackRock’s AML/KYC policy.

Responsibilities:

• Contributing to the successful implementation of the AML/KYC team strategy and vision.
• Partnering with the sales and service teams to on-board new clients efficiently as possible.
• Ensuring clients meet applicable AML/KYC requirements and that the appropriate AML/KYC process is followed for all new clients to mitigate risk to BlackRock.
• Partnering with Legal & Compliance to handle exceptions and ensure policies to raise issues are appropriately followed.
• Accurately collecting and recording relevant AML/KYC data on an ongoing basis and maintaining the AML/KYC data and documentation platforms.
• Testing development and improvements to AML/KYC platforms.
• Ensuring that all completed AML/KYC documentation is accurately filed, stored and retrievable.
• Supporting the AML/KYC data requirements of client periodic reviews.
• Participation in the development and implementation of continuous improvement of the control environment, policies and procedures, looking for ways to innovate and drive the business forward, delivering an outstanding client experience.

Qualifications:

• You have at least 5+ years experience with respect to AML/KYC compliance and the on-boarding of clients within the asset management industry. Experience of dealing with clients more generally would also be beneficial.
• Knowledge and understanding of AML/KYC laws and regulations preferred (but not essential)
• Experience with sanctions screening and risk rating systems preferred (but not essential).
• Ability to independently manage your own workload.
• Outstanding communication (verbal and written) and interpersonal skills with the ability to connect with both internal and external clients at all levels and across geographies.
• Excellent attention to detail, organization, and presentation skills.
• Great teammate - both with regards to your direct team as well as with those whom you support.
• Possess excellent time management and prioritization skills with the ability to manage effectively expectations of internal and external clients.
• Flexible and open to accepting new challenges; able to work effectively and efficiently on multiple projects simultaneously in a fast-paced, exciting and constantly evolving environment while maintaining the highest standard and attention to detail
• Proven track record to balance client needs with policies and operational procedures; possess excellent regulatory and technical awareness in order to understand associated risks and provide innovative, risk-free and compliance-friendly solutions

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 Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.