Analyst, Internal Controls - Finance Controls

BlackRock, Inc. • Princeton, NJ

42d • $71,250 - $90,000 • Hybrid

About The Position

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. BlackRock offers a range of solutions - from rigorous fundamental and quantitative active management approaches aimed at maximizing outperformance to highly efficient indexing strategies designed to gain broad exposure to the world's capital markets. Our clients can access our investment solutions through a variety of product structures, including individual and institutional separate accounts, mutual funds and other pooled investment vehicles, and the industry-leading iShares ETFs. Business Unit Overview: The Service Organization Reporting ("SOR") team, as a part of Finance Controls, consists of individuals dedicated to the coordination, production and delivery of internal control reports (service organization reports including SSAE 18 and ISAE 3402 Reports) to clients. These individuals actively work with businesses (including portfolio management, business operations, legal and compliance, relationship management, and technology personnel), as well as external service auditors. The SOR team provides coordination and oversight for detailing and testing controls with the business and external service auditors. On a regular basis, the team provides status updates and discusses service organization reporting related topics with senior management. This group also works closely with other risk and control teams, such as Financial Controls Reporting (SOX 404), Internal Audit and Enterprise Risk Management (including Operational Risk and Technology Risk). Finance Controls is a global team with a presence in New York, Princeton (New Jersey), Edinburgh and Budapest. Job Purpose/Background: A successful candidate will develop a strong understanding of internal controls, deliver beneficial services and recommendations to strengthen the risk and control environment, develop a broad understanding of the products and services offered by the firm and build strong relationships across BlackRock. Development Value: This is a globally focused role in a team which is core to the entire operations of BlackRock. The role interacts with teams around the globe providing opportunity to understand operational and technology processes and internal controls while developing key relationships. This role will provide the candidate with the scope to effect positive change to the control environment by harnessing system capabilities and constantly evaluating processes & procedures to create value for the firm.

Requirements

• Bachelor's degree in Accounting or Finance
• Professional qualification preferred (e.g., CPA, CISA, IIA) or in-progress
• 1 - 3 years of prior work experience
• Strong project management, organizational and interpersonal skills
• Ability to manage multiple priorities successfully within a deadline-driven environment, managing various stakeholders with competing demands
• Excellent communication (oral, written and listening) skills
• Critical thinking and problem-solving abilities
• Ability to develop effective working relationships with business and risk and control functions
• Focused on accuracy and attention to detail
• Strong internal drive and motivation for continuous improvement
• Ability to develop innovative solutions to enhance processes and address control gaps
• High degree of integrity and confidentiality, as well as the ability to adhere to both company policies and standard methodologies
• Strong knowledge of Microsoft Office suite (e.g., Excel, Word, PowerPoint)
• Limited travel may be required

Responsibilities

• Work with the business and external service auditors to enhance report content, update report details and provide relevant documentation to the service auditors
• Assist in the oversight and coordination for delivery of service organization reports globally
• Demonstrate knowledge of audit and accounting professional standards/practices and apply knowledge in performing work
• Support the implementation of a coordinated approach by participating in walkthroughs with business executives, recommending potential control enhancements and conducting follow-up in preparation for the annual service organization report reviews
• Assist in the day-to-day follow-up with service auditors during their fieldwork to ensure projected timelines are met
• Effectively communicate both internally and externally to build positive relationships and understand key aspects of services provided to clients
• Maintain primary ownership in the distribution of the service organization reports based on requests from clients and prospective clients
• Coordinate and collaborate with other risk and control functions to evaluate the impact of their work on the technology environment and controls and coordinate efforts with them as appropriate
• Assist other individuals within the control function to perform management testing of technology or other controls to support BlackRock's Sarbanes Oxley program
• Participate in ad-hoc projects and provide expertise and insights from a risk and controls perspective

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Funds, Trusts, and Other Financial Vehicles
• Number of Employees: 5,001-10,000 employees