Career Returnship Program- Associate Internal Audit

About This Role

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.

Opportunity to Sharpen Skills and Learn New Knowledge

• 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
• Help you transition back into a full-time role (after a career break of at least 18+ months)

Internal Audit

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.

Business Audit

The Business Audit Team performs audits covering all BlackRock business units, including investment management, risk management, operations, finance, legal and compliance, and client businesses.

New York Location

New York BlackRock's global headquarters at 50 Hudson Yards, NYC, offers state-of-the-art facilities including a cafeteria, amenity spaces, private sky lobbies, and impressive Hudson River views. 50 Hudson Yards offers direct access to the No. 7 Subway station and has entrances on Hudson Park & Boulevard, 10th Avenue, 33rd Street, and 34th Street. It is located two blocks from Penn Station.

Responsibilities & Qualifications

• Performing regional, global, and integrated audit reviews
• Engaging with BlackRock stakeholders to understand and document key processes, risks, and controls within a specific business unit
• Preparing process narratives and briefing memos
• Evaluating processes and operations to analyze the design and effectiveness of these processes
• Investigating and escalating issues identified during testing
• Validating the remediation of issues
• Identifying emerging firm-wide and business risks, and understanding key changes in strategies and operating model through ongoing engagements with business management
• Completing annual risk assessments of business areas

Qualifications

• A career break of at least 18+ months
• Undergraduate or graduate degree
• 3+ years of experience; preferably in financial services and/or internal audit, including an understanding of financial instruments and asset management processes and risks
• Interest in broad exposure to investment management, sales, trading, operations, risk management, finance and compliance activities in the asset management industry
• Relevant professional certifications are a plus (ACCA, CA, CIA, IMC, CPA)

Skills

• Excellent communication (verbal, written, listening) and interpersonal skills
• Ability to develop and maintain effective working relationships with peers and business partners
• Intellectual curiosity and healthy skepticism
• Ability to articulate complex subject matters succinctly
• Critical thinking and problem-solving abilities
• Strong project management and organizational skills
• Data Analysis
• Practitioner-level AI fluency with demonstrated judgement

Benefits

• Annual discretionary bonus
• Healthcare
• Leave benefits
• Retail benefits
• Retirement benefits
• Flexible Time Off (FTO)

Pay

The salary range for this position is USD$105,000.00 - USD$137,500.00. Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits.

Guidance on AI Use

We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.