Compliance - Private Wealth Solutions, AVP

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.
 

The Legal & Compliance department seeks an Assistant Vice President to support the complex and growing needs of Blackstone’s Private Wealth Solutions (PWS) compliance program. The role will focus on assisting in compliance functions including: (i) distributor oversight, (ii) customized training for PWS, (iii) retail risk management, and (iv) assisting with the 206(4)-7 process for a registered investment adviser, as well as other ongoing compliance program monitoring. Primary job responsibilities include:

• Providing broad support to the PWS compliance program and interacting with stakeholders across Blackstone’s business units

• Assisting in all compliance and regulatory matters: SEC and CFTC registrations, ERISA, state and federal, securities laws (including the Investment Advisors Act of 1940, the Securities Act of 1933, and the Exchange Act of 1934), as well as international regulations

• Providing broad support to the preparation of regular reports to PWS and Legal & Compliance stakeholders, as well as senior management regarding compliance matters

• Assisting with the day-to-day activities associated with overseeing PWS’ distributor due diligence program

• Providing support for the development of a global and customized training program for PWS

• Focusing on internal compliance policy review, including ongoing assessments, assisting with the annual 206(4)-7 compliance review, internal audit reviews, and ongoing or ad hoc reviews

• Working with in-house and external counsel to monitor and then implement responses to regulatory developments that impact the various Blackstone businesses

• Working with Blackstone central compliance regarding firm-wide compliance issues and projects, as well as special compliance/internal audit-related projects as necessary

• Working with PWS Legal & Compliance teams to assist with other ad hoc projects

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. The successful candidate should have:

• 5+ years of directly related experience in a legal or compliance role in a bank, investment firm, or law firm, with a substantial knowledge of relevant rules and regulations, as well as familiarity with the day-to-day compliance affairs of private funds (registered fund experience a plus)

• Experience with private wealth compliance is preferred

• An undergraduate degree is required, and an MBA or law degree is a plus

• Highly motivated, enthusiastic, proactive, intelligent, and proven excellence in prior endeavors

• Strong time management and task/project management skills; possess an ability to manage multiple priorities and raise issues in a timely and productive fashion

• Superior organizational and communication skills, as well as a demonstrated ability to write effectively

• Ability to transform complex compliance, legal and business problems into commercially actionable work plans

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

• Willingness to liaise between business team members (investment, asset management) and firm-wide corporate groups (legal, marketing, accounting, finance, operations, tax)

• Ability to develop productive professional relationships, internally and externally, and to work as part of a collaborative team

•  Strong technical skills, intelligent, and ability to understand difficult, complex compliance and business problems

• The ability to work with colleagues to devise pragmatic and creative solutions

• Prioritization, perspective and focus on critical tasks that add value

• Excellent organizational skills and follow-through 

• Highly effective oral and written communication skills

• Outstanding record of academic achievement and/or professional accomplishment

• Strong judgment and the ability to engender trust

• Sense of urgency; diligent and conscientious work ethic

• Able to implement a measured approach under pressure, be confident, and tolerate ambiguity             

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:

$135,000 - $200,000

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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