Regulatory Compliance - Risk Management, Analyst

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work.

We do this by using extraordinary people and flexible capital to help companies solve problems. Our $ trillion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

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Compliance Risk Management ( CRM ) Overview

CRM performs work on a variety of regulatory compliance related matters. The CRM team is an oversight control function within BX Central Legal & Compliance designed to assess the effectiveness of BX’ policies and procedures, particularly with respect to regulatory compliance of the BX registered investment advisers and the BX managed investment funds.

CRM’s three primary areas of responsibility include :

1) Compliance Testing Risk-based assessment and testing across the 40+ BX registered investment advisers and 300+ BX managed private and public investment funds

2) Regulatory Exam Oversight Advisory oversight and preparation for regulatory exams in partnership across broad range of cross functional teams

3) Projects Assessments of risks and controls related to firmwide regulatory compliance matters

Job Description

A successful candidate will work closely with the members of a team focusing on regulatory compliance issues, as well as working with others on Blackstone’s global Legal and Compliance ( L&C ) team and broader Blackstone cross functional teams.

Primary responsibilities include but are not limited to :

Participate in the ongoing implementation and execution of Blackstone’s compliance and testing program, including :

• assessing key business processes and critical business risk and controls;
• analyzing data and reviewing supporting documentation provided by the businesses;
• documenting a written testing plan and compliance testing procedures;
• executing testing of procedures and internal controls of critical business areas;

evaluating, documenting, and presenting results of test work; and

identifying enhancements and remedial actions required to address compliance gaps

Assist in implementing remedial projects and processes following testing observations

Assist in other related compliance and regulatory matters

Work with Blackstone compliance regarding firm wide compliance issues and projects; and special compliance / internal audit-related projects as necessary

Qualifications

Blackstone seeks to hire individuals who are highly self-motivated, team-oriented, and intelligent who thrive in a dynamic environment and have demonstrated excellence in their prior endeavors.

In addition, the successful candidate should have :

Bachelor’s degree in accounting, finance, or business-related field

Confident and effective in both written and oral communication

Strong drafting skills and ability to grasp difficult, complex compliance and business problems

Highly analytical and detailed while investigating and researching

Excellent ability to interpret legal / business terms and concepts quickly

Advanced in Excel and PowerPoint

Alternative investments experience (preferred)

Understanding of the Advisers Act and FINRA regulations (strongly preferred)

Competencies :

The candidate should demonstrate the following personal competencies :

Exceptional judgment and integrity

Highly motivated, diligent, and conscientious work ethic

Ability to work independently while remaining a strong team player

Excellent organizational skills and follow-through

Strong initiative, creativity, and drive

Substantial intelligence and ability to implement a measured approach, even while managing multiple and competing priorities

The duties and responsibilities described here are not exhaustive and additional assignments, duties, or responsibilities may be required of this position.

Assignments, duties, and responsibilities may be changed at any time, with or without notice, by Blackstone in its sole discretion.

Expected annual base salary range :

$75,000 - $110,000

Actual base salary within that range will be determined by several components including but not limited to the individual's experience, skills, qualifications and job location.

For roles located outside of the US, please disregard the posted salary bands as these roles will follow a separate compensation process based on local market comparables.

Additional compensation : Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.