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Vice President, Business Audit - Private Markets

BlackRock

Vice President, Business Audit - Private Markets

BlackRock

New York, NY

·

On-site

·

Full-time

·

1w ago

Compensation

$137,500 - $194,000

Benefits & Perks

Healthcare

401(k)

Flexible Hours

Learning Budget

Parental Leave

Healthcare

401k

Flexible Hours

Learning

Parental Leave

Required Skills

Audit issue and report writing

Developing others

Critical thinking

Problem-solving

Communication

Interpersonal skills

Project management

Organizational skills

Data analysis

Audit methodologies

Risk assessment

Stakeholder management

About this role

Internal Audit’s primary mission is to provide assurance to the Board of Directors and Executive Management that Black Rock’s businesses are well managed and meeting strategic, operational and risk management objectives. The team engages with senior leaders and all of Black Rock’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 Black Rock will meet its obligations to clients, shareholders, employees and other stakeholders.

With teams in the US, Europe, and Asia, the Business Audit Team performs audits covering all Black Rock business units, including investment management, risk management, operations, finance, legal and compliance, and client businesses.

Black Rock'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.

Specific responsibilities include:

  • Lead and oversee audits across Private Markets, including Private Credit and Infrastructure businesses. This includes risk assessment, scope determination, test work, and reporting for direct lending, real estate private debt, leveraged finance, and infrastructure investments.
  • Collaborate with Private Markets stakeholders to support integration activities (e.g., acquisitions of HPS Investment Partners and Global Infrastructure Partners), ensuring audit processes adapt to expanded business scope and complexity.
  • Advise on audit coverage for new fund structures and evolving strategies in Private Markets, such as energy transition, and data center infrastructure, reflecting industry trends and client demand for private assets.
  • Assistance in the formation of the annual audit plan through direct input, insight, and perspective around current business, industry, and regulatory risk factors
  • Interact with regulatory examiners upon request
  • People management responsibilities of audit staff, including coaching and feedback
  • 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
  • Leading or contributing to global departmental projects
  • Travel to regional and international locations may be required

Qualifications

  • Undergraduate or graduate degree
  • 6+ years of experience; preferably in financial services and/or internal audit, including an understanding of financial instruments and asset management processes and risks
  • Demonstrated experience auditing or managing risk in Private Markets, with a focus on Private Credit (direct lending, special situations, real estate debt) and Infrastructure (energy, transportation, data centers).
  • Familiarity with the operational, fiduciary, and valuation risks unique to Private Credit and Infrastructure investments, including capital management, transaction booking, and investor servicing.
  • Proven ability to navigate complex organizational structures and cross-functional teams in global asset management environments, especially during periods of platform expansion and integration.
  • Proficient understanding of current regulatory and industry events
  • Relevant professional certifications are a plus (ACCA, CA, CIA, IMC, CFA); Candidates not currently certified will be expected to obtain relevant credentials as part of their development.

Skills

  • Audit Issue and Report Writing
  • Developing Others
  • Critical thinking and problem-solving abilities
  • 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.
  • Strong project management and organizational skills
  • Data analysis
  • Deep understanding of audit methodologies and risk assessment for Private Markets, including Private Credit and Infrastructure.
  • Ability to synthesize market trends (e.g., growth in private credit, infrastructure as a core asset class) into actionable audit strategies.
  • Strong stakeholder management skills, with experience engaging senior leaders in Private Markets, investment oversight, and operational risk.

For New York, NY Only the salary range for this position is USD**$137,500.00** - USD**$194,000.00** . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. Black Rock 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

Black Rock’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 Black Rock.

About Black Rock

At Black Rock, 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 Black Rock, please visit @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

Black Rock 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.

Black Rock 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.

Black Rock 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.

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About BlackRock

BlackRock

BlackRock

Public

Multinational investment company.

10,001+

Employees

New York City

Headquarters

Reviews

3.5

5 reviews

Work Life Balance

2.2

Compensation

3.5

Culture

3.0

Career

4.2

Management

2.8

Pros

Fast-paced learning and development opportunities

Advanced technology and global platform

Good benefits and retirement packages

Cons

Poor work-life balance

High stress and competitive environment

Toxic work culture in some areas

Salary Ranges

7,021 data points

Junior/L3

L2

L3

L4

L5

L6

Junior/L3 · Analyst

1,924 reports

$118,963

total / year

Base

$100,050

Stock

-

Bonus

$18,913

$81,954

$175,627

Interview Experience

6 interviews

Difficulty

3.3

/ 5

Duration

14-28 weeks

Offer Rate

17%

Interview Process

1

HireVue

2

Online Assessment

3

Final Round/Superday

Common Questions

Technical interviews

Behavioral questions

Role-specific assessments