Director, Institutional Compliance

About this role

The team

BlackRock's Compliance Department protects BlackRock’s reputation and provides advice to the business focused on ensuring the protection of our clients’ best interests. The department operates in a dynamic environment with the team focused on understanding evolving business strategy, as well as advising on the impact of regulation in our business, with the objective of:

• Putting client interests at the center of everything we do;
• Cultivating and enhancing BlackRock’s Compliance culture;
• Providing thought leadership on the impact and implementation of regulations to our business and to the market; and
• Developing and fostering excellence within the Compliance team.

In conjunction with Legal, the Compliance team oversees BlackRock’s compliance with applicable laws and regulations and is responsible for, among other things, establishing Legal and Compliance policies and procedures that meet applicable regulatory requirements, testing the effectiveness of those policies and procedures, overseeing regulatory matters, and providing Compliance training.

We are seeking an experienced compliance professional to join the BTC Compliance team.  The BTC Compliance team oversees the compliance program for BlackRock Institutional Trust Company, N.A. (BTC), an OCC-regulated trust bank that provides investment management and fiduciary services to institutional clients. The team is responsible for overseeing compliance with applicable laws, regulations, and internal policies, including OCC requirements, ERISA requirements, and other regulatory obligations applicable to BTC. The team also leads BTC's regulatory engagement program and partners closely with business, Legal, Risk, and Compliance colleagues across the firm.

Role and impact

Reporting directly to the BTC Chief Compliance Officer, the individual will play a key leadership role in the continued evolution of the BTC compliance program. The role will have broad exposure across regulatory engagement, compliance program oversight, governance, risk management, and strategic business initiatives.

The successful candidate will serve as a trusted advisor to senior stakeholders and help shape the direction of the compliance program in a dynamic regulatory environment. The individual will be expected to operate with a high degree of autonomy, exercise sound judgment on complex matters, and help drive execution across key compliance priorities. Over time, the role is expected to take on increasing leadership responsibility across the BTC Compliance function.

Responsibilities

• Partner with the BTC Chief Compliance Officer in the oversight and enhancement of the BTC compliance program.
• Lead and support engagement with BTC's primary regulator, the Office of the Comptroller of the Currency ("OCC"), including examinations, supervisory interactions, regulatory inquiries, and related remediation activities.
• Coordinate and oversee responses to regulatory requests, examinations, and management reporting related to regulatory matters.
• Implement and enhance compliance programs, governance frameworks, policies, procedures, and associated testing and monitoring programs.
• Support and advise business, Legal, Risk, and Compliance partners on regulatory requirements, new business initiatives, and emerging compliance risks.
• Drive strategic compliance initiatives and continuous improvement efforts across the BTC compliance program.
• Manage and develop compliance professionals and contribute to talent development and organizational effectiveness across the team.
• Represent BTC Compliance in governance forums, working groups, and cross-functional initiatives.
• Participate in special projects and strategic initiatives.

We are looking for

• At least 10 years of relevant experience in a legal, compliance, regulatory, or risk management role within financial services.
• Significant experience with bank regulatory frameworks and OCC-regulated entities.  Experience with SEC regulated entities is a plus.
• Experience as a Chief Compliance Officer at a smaller institution and/or senior compliance leader within a large financial institution strongly preferred.
• Demonstrated experience leading regulatory examinations, regulatory relationships, and complex remediation or governance initiatives.
• Significant experience managing and developing teams.
• Strong ability to influence and communicate effectively with regulators and senior executives.
• Strong writing and verbal communication skills.
• Strong risk focus and attention to detail.
• Strong organizational skills and ability to manage multiple competing priorities in a demanding, fast-paced environment.
• Business-focused and solution-oriented approach to partnering with stakeholders.
• Familiarity with asset management, fiduciary activities, collective investment funds, and ERISA requirements is preferred.
• Bachelor's degree required; advanced degree, J.D., or equivalent professional qualification welcome.


For San Francisco, CA Only the salary range for this position is USD$173,500.00 - USD$270,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, 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.

Guidance on AI use for candidates

At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. 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.

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.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

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 Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

We recruit, hire, train, promote, pay, and administer all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses.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.