AddressAbout this role
Business Unit Overview:
Blackrock’s Compliance Department provides oversight and governance of business and technology products and services to ensure compliance with applicable laws and regulations. It also advises on the impact of certain laws and regulations to the firm and its clients, with the objective of:
- Actively participating in business reviews to champion client interests and ensure compliance with relevant laws and regulations
- Cultivating and enhancing the compliance culture within BlackRock
- Providing thought leadership on the impact and implementation of relevant laws and regulations
- Developing and fostering operational excellence within the Compliance Department
Role Description:
An exciting opportunity for a Vice President to join our Global Sanctions Compliance team to help manage and further develop the global framework. The role will be based in Edinburgh and report directly to the Global Lead for Sanctions. The successful candidate will need to be a sanctions subject matter expert, with a particular focus on UK and EU sanctions, and have Sanctions Compliance operational and/or advisory experience at an investment bank or asset manager. This role will provide the successful candidate with exposure to senior stakeholders within BlackRock and an opportunity to contribute to shaping and developing the Sanctions Compliance Program.
Key Responsibilities:
- Support the Global Lead for Sanctions on key strategic initiatives and day-to-day Sanctions Compliance issues and escalations;
- Work with the business, traders, product managers and other key stakeholders to identify and mitigate sanctions risks with transactions, products and services;
- Conduct testing and validation of global sanctions procedures and controls;
- Build strong alliances with counterparties within the global financial crime team and key stakeholders, including Technology & Operations, to leverage capabilities and skills in order to drive efficiency and mitigate global sanctions risks;
- Create, manage and deliver ad hoc Sanctions Compliance training and awareness sessions including tailored face to face training on sanctions risk to higher risk business teams;
- Review and opine on daily escalations of sanctions alerts associated with clients; investment management agreements (IMAs); private investment transactions and public securities trades including assessing sanctions risk and reviewing/drafting sanctions language in client contracts;
- Review policies and procedures to ensure they are fit for purpose and up to date;
- Provide input on risk assessments focused on identifying sanctions risks associated with business, product. and service activity; and
- Perform horizon scanning of the sanctions regulatory, legislative, and enforcement environment and carry out analysis to share with the relevant teams.
Knowledge/Experience:
- Minimum 5 years demonstrated experience in Sanctions Compliance role in a similar position at an investment bank or asset manager;
- Strong knowledge of U.S., UK, and EU sanctions and their application to a Global multinational firm;
- Experience with application of sanctions to public securities trades and private equity investments strongly preferred;
- Experience conducting desk-based testing of sanctions procedures strongly preferred;
- Experience supporting the build out and implementation of compliance programs, including drafting policies and procedures;
- Excellent communication skills to influence stakeholders, regularly liaise and be a point of contact for the business regarding sanctions issues and the ability to articulate complex situations;
- Be solutions-orientated and pro-active in identifying areas of enhancement;
- High standard of accuracy and excellent attention to detail;
- Very strong written and verbal communication skills for report writing and presentations;
- Excellent organisational and self-management skills including ability to handle and address multiple inquiries within tight deadlines and high-performance environment; and
- Strong Excel and PowerPoint skills strongly preferred.
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
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.
