Compliance - BXPE, SVP

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 $1.1 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. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Blackstone seeks a Senior Vice President to join its Legal & Compliance team to provide support for the firm’s BXPE business. The candidate will be integrated rapidly into the business unit compliance team to ensure the compliance function continues to deliver, partner with, and provide excellent service to the investment team, private wealth solutions (“PWS”) client coverage, operations/finance, portfolio management, and BXPE leadership. The candidate will report to and work closely with the Chief Compliance Officer of BXPE and collaborate with the PWS Legal & Compliance group, the Private Equity Compliance team, and the broader BX Legal & Compliance team.

Blackstone Private equity Strategies

Blackstone Private Equity Strategies (“BXPE”) is Blackstone’s flagship private equity offering for individual investors. BXPE is a perpetual fund which invests in diversified global private equity opportunities alongside Blackstone’s private equity platform. The team invests across 15+ PE strategies spanning industries, geographies and investment structures, representing the breadth of Blackstone’s equity investing capabilities. 

The Senior Vice President will work on a wide range of legal and compliance matters involving the investment business described above. Primary job responsibilities include:

• Provide broad support for the compliance program for BXPE business, team members, and investment portfolio consistent with applicable law and regulation (with particular focus on the U.S., U.K., and European Union)

• Coordinate across business unit and corporate teams to prepare regulatory reports and filings (e.g., Forms ADV, Form PF, Reg D, AIFMD, and Annex IV, 13H, 13F) and to perform annual 206(4)-7 compliance review

• Work with legal and compliance colleagues to (i) respond to requests from regulators, (ii) develop proactive responses to regulatory developments that impact the business (including sustainability-related matters), and (iii) prepare for regulatory examinations, including conducting mock examinations, each in conjunction with external consultants and counsel

• Develop, revise, and maintain compliance and regulatory policies, procedures, and controls taking into account the specific needs of the BXPE business, firm-wide policies and practices, and evolving legal and regulatory requirements

• Lead and assist with the development, maintenance, and delivery of compliance training to investment and support teams on key regulatory topics for new and existing employees; maintain training records; and ensure consistency with other Blackstone businesses

• Lead and provide support for review, preparation, and adherence to third-party advisor / consultant agreements and engagement letters (including for Blackstone Senior Advisors and Operating Advisors)

• Support review of fund marketing materials and assist with new product development in U.S. and non-U.S. jurisdictions

Qualifications

• A compliance professional (J.D. strongly preferred) with 10+ years of experience in the compliance and/or regulatory field within (a) a registered investment adviser, focusing on private equity, (b) regulatory agency, (c) a major law firm specialized in investment advisor regulation, fund formation, or corporate law, and/or (d) an accounting / consulting firm if focused on investment advisory industry

• Intelligent with capacity to understand difficult and complex compliance, legal, and business problems into commercially actionable work plans

• Compliance experience with registered funds, open-ended funds, public company reporting requirements, board roles, and service providers is a plus

• Strong knowledge of SEC, CFTC, and European private placement registration processes; and federal, state, and international securities law and regulation (including the Investment Advisers Act of 1940, ERISA, the Alternative Investment Fund Managers Directive, and the EU Market Abuse Regulation (and similar anti-insider trading regimes))

• Knowledge of (a) private fund operating documents including (LPAs, PPMs, and subscription agreements); (b) private fund key service provider agreements; and (c) investor eligibility requirements

• Desire to work as part of a highly collaborative legal and compliance team

• Ability to liaise between business team members (investment, portfolio management, client relations/services, marketing) and firm-wide corporate groups (legal (transactional), marketing, accounting, finance, operations, tax)

• Superb organizational skills; demonstrated strong writing ability; and strong interpersonal communications skills

• Ability to be proactive in new situations and to manage projects independently to conclusion

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:

$210,000 - $275,000

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.

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. This policy applies to all terms and conditions of employment, including but not limited to hiring, placement, promotion, termination, transfer, leave of absence, compensation, and training.  All Blackstone employees, including but not limited to recruiting personnel and hiring managers, are required to abide by this policy.

If you need a reasonable accommodation to complete your application, please email Human Resources at [email protected].

Depending on the position, you may be required to obtain certain securities licenses if you are in a client facing role and/or if you are engaged in the following:

• Attending client meetings where you are discussing Blackstone products and/or and client questions;

• Marketing Blackstone funds to new or existing clients;

• Supervising or training securities licensed employees;

• Structuring or creating Blackstone funds/products; and

• Advising on marketing plans prepared by a sales team or developing and/or contributing information for marketing materials.

Note: The above list is not the exhaustive list of activities requiring securities licenses and there may be roles that require review on a case-by-case basis.  Please speak with your Blackstone Recruiting contact with any questions.
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