About this role
Role Description:We are currently recruiting a Designated Person for Regulatory Compliance to join BlackRock’s Legal & Compliance team in Dublin, Ireland, which currently comprises 14 professionals. This role is responsible for monitoring and overseeing compliance with regulatory obligations for BlackRock’s Irish UCITS Management Company and AIFM, which manages over 550 funds across multiple asset classes and investment styles, with an AUM exceeding $1 trillion.
This position will complement an existing team of over 100 compliance specialists based across the EMEA region who support the various businesses in discharging BlackRock’s regulatory obligations and assist the businesses in managing regulatory risk.
The ideal candidate will be an ambitious, driven compliance professional who thrives in a fast-paced, complex environment. They will work closely with other members of the Senior Management team in Ireland and compliance teams across BlackRock’s global locations. The role also involves attending and presenting management information (“MI”) to relevant Board and sub-committee meetings.
We are looking for someone who can build and maintain strong partnerships, demonstrates excellent technical and regulatory knowledge, and has a proven ability to foster positive relationships. The strength of character to offer healthy challenge will be key, as will be the ability to engage successfully with business partners at all levels.
This role is a Pre-Approved Control Function (PCF – 39F) within the scope of the Individual Accountability Framework.
Key Regulatory Obligations
The successful candidate will be subject to the Common Conduct Standards and the Additional Conduct Standards set out in in Section 53E of the Central Bank Reform Act 2010), and the Fitness and Probity Standards of the Central Bank of Ireland.
As long as they remain a Pre-Approved Control Function it is their responsibility to continue to meet the required standards of fitness and probity for their role.
The ideal candidate is a highly motivated self-starter, demonstrates good judgment, has a strong team ethic, combined with high energy, intellectual curiosity, resilience and diplomacy.
Key Responsibilities:*Partner and work closely with the Head of Compliance (PCF-12) in ensuring BlackRock meets its relevant regulatory obligations (e.g. UCITS, AIFMD, Fund Management Company Guidance (CP86), SFDR, Outsourcing Guidelines, Operational Resilience Guidelines, etc.).
*Work closely with other Designated Persons to share insights and maintain a clear, cross-functional view of the business and its risks.
*Develop and maintain relationships with the Regulator and provide assistance with all regulatory inspections and queries, outlining the Company’s positions where appropriate and ensuring that any follow-up actions are closed out.
*Analyse regulatory and legislative developments and assess their applicability and impact to BlackRock’s Fund Management Company in Ireland. Contribute and advise on the design of compliance controls, policies and procedures to enable BlackRock to align with all relevant existing and upcoming regulations, law, and applicable codes.
*Act as a point of escalation on product compliance issues, breaches and complaints related to funds under management.
*Provide advice on regulations and on the application of BlackRock’s compliance policies in relation to existing and new business initiatives, issue identification and breach resolution.
*Provide reporting to senior management and the Board and relevant sub-committees on regulatory compliance matters.
*Consistently review the compliance policies and procedures to ensure they comply with relevant regulations.
*Support the further development and oversight of the Compliance Monitoring Programme.
*Oversee the completion of regulatory filings, ensuring accurate and timely reporting.
*Represent or lead for Compliance on projects, including regulatory developments and key business initiatives.
*Design and deliver effective regulatory training and guidance to the business.
*Establish strong partnerships with compliance colleagues in other EMEA locations and ensure the consistent application of controls, where possible.
*As a senior member of the team, develop less experienced team members and support colleagues with knowledge sharing and cross-training.
*Further cement the relationship between the compliance team and business partners and promote an outstanding compliance culture.
*Look for opportunities to enhance the control environment, including through the use of technology.
Knowledge / Experience:*Ideally at least 15 years relevant experience within the asset management industry and previous experience as a Designated Person for Regulatory Compliance (PCF-39F) and/or Head of Compliance (PCF-12). Also, demonstrable expertise in regulation relevant to the funds industry (e.g. UCITS, AIFMD, Fund Management Company Guidance (CP86), Outsourcing Guidelines (CP138), Guidance on Operational Resilience (CP140), etc.).
*Experience in handling regulatory relationships and examinations is preferred.
*Broader advisory experience across asset classes and covering multiple jurisdictions would be an advantage.
*Consistent record of influencing business partners at all levels, including boards, delivering timely and quality regulatory advice.
*Familiarity with dealing with a multi-jurisdictional regulatory environment would be beneficial.
*Technical ability and mentality to challenge the status-quo and deliver solutions with the judgment to use this in appropriate circumstances.
*Strong written and verbal communication skills.
*Consistent ability to demonstrate high standards of accuracy and strong attention to detail.
*Excellent organisational skills with ability to prioritize workloads and progress multiple tasks.
*Ability to collaborate effectively both within the team and across functions and to work independently.
*Strong interpersonal skills with an ability to articulate complex regulatory matters and well-developed relationship management skills.
*Capable of grasping new concepts quickly and independently.
BlackRocks 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 BlackRockAt 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.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
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.
For additional information on BlackRock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
