BlackRock Returnship Program-Internal Audit Business Audit Associate

About this role

BlackRock Returners Program-Internal Audit – Business Audit Associate

About BlackRock 

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. Our purpose is to help more and more people experience financial well-being.  

Overview of the Career Returnship Program

Through the Career Returnship Program, we recognize professionals with different backgrounds and experiences bring a unique and valued perspective to BlackRock. The Career Returnship Program is designed to ease the transition for high potential candidates returning to the workforce after an extended career break via a six-month paid returnship starting in Q4 2024. Upon completing the program, successful participants will be offered permanent employment at BlackRock.

 How we will support you:

• Opportunity to sharpen skills and learn new knowledge
• We will offer a variety of employee networks to help you integrate into the business and culture
• Provide a mentor and buddy for your day-to-day questions
• Provide coaching and peer support
• Help you transition back into a full-time role (after a career break of at least 18+ months)

Business Overview:

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 an Associate to support the execution of the firm’s annual audit plan and advisory activities, while developing in-depth knowledge of BlackRock’s businesses and products.

The Internal Audit Associate will have the following responsibilities:

• Supporting a variety of audit project activities, such as:

• Engaging with BlackRock stakeholders to understand and document key processes and risks within a specific business unit
• Preparing process narratives and briefing memos
• Evaluating process d