Career Returnship Program-Associate Business 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.

 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)

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 
With teams in the US, Europe, and Asia, 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

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.

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 design and operations to analyze the effectiveness and efficiency of these processes
• Investigating and escalating issues identified during testing
• Validating the remediation of issues
• Performing regulatory and industry-driven audit reviews

• Participating in ongoing business monitoring and optimization activities, such as:

• 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
• Contributing to projects aimed at optimizing business processes and control activities
• Providing advisory services during the development of new businesses and systems
• Leading or contributing to global departmental projects
• Developing and maintaining working relationships with BlackRock businesses and support functions, including acting as the primary Internal Audit business engagement liaison for one or more lines of business
• Travel to regional and international locations may be required

Qualifications

• A career break of at least 18+ months
• Undergraduate or graduate degree in finance, economics, accounting, or business management is preferred. BA/BS, or equivalent is required
• 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
• Proficient understanding of current regulatory and industry events
• Relevant professional certifications are a plus (CIA. CFSA, CISA)

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 synthesize and articulate complex ideas
• Critical thinking and problem-solving abilities
• Strong project management, organizational, and presentation skills
• Familiarity with Excel
• Commitment and strong work ethic

Application Deadline: June 27,2025

For New York, NY Only 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 heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email [email protected]. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.