Vice President, Business Audit

About this role

Internal Audit’s primary mission is to provide assurance to the Board of Directors and Executive Management that BlackRock’s businesses are well managed and meeting strategic, operational and risk management objectives. The team engages with senior leaders and all of BlackRock’s individual business units globally to understand and advise on the risks in their business, evaluate the effectiveness of key processes and assist in the design of best practices that can improve their results. Internal Audit reports directly to the Audit Committee of the Board of Directors, and our work builds confidence that BlackRock will meet its obligations to clients, shareholders, employees and other stakeholders.
 

Our Audit Teams “At a Glance”
 

Business Audit
With teams in the US, Europe, and Asia, the Business Audit Team performs audits covering all BlackRock business units, including investment and asset management, risk management, operations, finance, and legal and compliance.
 

Technology Audit

The Technology Audit Team, also in the US, Europe and Asia, performs design review and testing related to technology controls across application systems and infrastructure components such as databases, operating systems, data centers and messaging platforms.

The Data Analytics (DA) team within Technology Audit leverages BlackRock data and various data science, business intelligence, and analytics methods to support the activities of the audit department. The DA team participates in both business and technology audit execution, builds and maintains an inventory of self-service tools for the auditors, supports the risk assessment and annual planning process, and helps manage the department’s operations through the development of impactful management information. The DA team is a driver of innovation for the department and helps auditors gain efficiencies and insights through the work that they do.

SAO (Strategy, Analytics & Operations)

This group is responsible for coordinating activities and communication across the global team, managing and driving the strategic planning process, implementing process innovations, and ensuring appropriate policies/methodology and procedures are in place. The SAO team plays a meaningful part in the development and continuous improvement of the Global team. The team maintains independence from the other audit teams by reporting directly to the Global Head of Audit and does not participate in traditional audit reviews or issues management.

Role Description:

The Internal Audit team performs regional and global audits covering all BlackRock business units, including investment management, sales, trading, client business, risk management, operations, finance, and legal and compliance.

BlackRock Internal Audit is seeking a Vice President in New York City or Atlanta for its Business Audit practice, who will be involved in various aspects of the Audit group’s risk assessment, assurance and advisory activities, including audit planning and execution, and contributing to strategic initiatives. Areas of the business within the scope of this role will include investment and asset management, risk management, operations, finance, and compliance. Specific responsibilities will include:

• Management and leading the execution of audits (global and regional) in the aforementioned areas. Responsibilities include all aspects of the audit process (e.g. risk assessment; scope determination; test work; reporting).  
• Primary Internal Audit business engagement responsibilities for one or more lines of business to discuss business performance, strategic priorities and operational matters
• Identification and assessment of current and emerging risks, themes and trends
• Assistance in the formation of the annual audit plan through direct input, insight and perspective around current business, industry and regulatory risk factors
• Participation in global/cross regional audit related projects
• Leverage industry experience to provide advisory services during the development of new businesses and systems
• Build and maintain collaborative relationships with all risk and control functions
• Interact with regulatory examiners upon request
• Direct administrative management responsibilities of audit staff
• Provide timely and candid feedback and coaching to staff
• Performing investigations, special reviews and other ad hoc projects (technical and operational in focus)

Skills and Experience:

• Undergraduate or graduate degree in finance, economics, accounting, business management is preferred. BA/BS is required
• Professionals with strong and broad exposure to investment managemen