Legal & Compliance - Risk and Controls Testing, Associate
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. Our $1 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.
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:
- Compliance Testing – Risk-based assessment and testing across the 40+ BX registered investment advisers and 300+ BX managed private and public investment funds
- Regulatory Exam Oversight – Advisory oversight and preparation for regulatory exams in partnership across broad range of cross functional teams
- 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
- 3+ years of work experience, ideally at major financial services firm in Compliance
- 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
Expected annual base salary range: $110,000 - $130,000. 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.
Blackstone is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, color, creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity or expression, disability, genetic predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws.
If you need a reasonable accommodation to complete your application, please email Human Resources at HR-Recruiting-Americas@Blackstone.com.
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