International Finance, Risk Management, 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. 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, X, and Instagram.
 

Company Overview

Blackstone Europe Fund Management S.à r.l. (“BEFM”) is a Luxembourg private limited liability company authorized by the Commission de Surveillance du Secteur Financier (“CSSF”) as an alternative investment fund manager (“AIFM”) in accordance with the Law of 12 July 2013 on alternative investment fund managers, as amended.

BEFM manages alternative investment funds (AIFs) in a variety of asset classes including private equity, real estate, credit and hedge fund solutions. BEFM also is also authorized to manage separately managed accounts (“SMAs”) with a combination of these asset classes.

Job Description

Seeking an experienced Associate to join BEFM Risk Management team (“BEFM Risk”). The main responsibility will be to monitor, assess, and manage risks that may have a negative impact on BEFM-managed UCITS funds. The Associate will also provide significant support in risk management activities for alternative investment strategies.

Responsibilities

In this role, the Associate will play a pivotal role in the BEFM Risk Management team, ensuring the effective and thorough identification, monitoring, and assessment of risks. They will be responsible for comprehensive and accurate reporting to governing bodies. The Associate will be responsible for carrying out best-in-class risk analysis on BEFM Risk’s full range of activities covering risk management and investment fund compliance matters.

• UCITS & AIFs risk management: monitoring and assessing risks associated with BEFM-managed UCITS funds. This involves preparing materials and reports for relevant stakeholders such as BEFM Management Committee, BEFM Board, Fund Boards, EU/local regulators. The Associate will also be responsible for implementing risk mitigation strategies and corrective actions, after proper escalation of the issue to the Conducting Officer Risk and or the Risk Manager. Additionally, they will support BEFM Risk in monitoring and assessing risks related to BEFM-managed AIFs that employ liquid and semi-liquid investment strategies.

• UCITS & AIFs investment fund compliance: monitoring of compliance with investment restrictions and guidelines for UCITS and AIFs. The Associate will identify potential breaches, both active and passive, and escalate them to the Risk Manager. They will liaise with internal and/or external investment managers, manage corrective actions, and provide support to other teams in assessing the financial impact and potential compensation to investors.

• UCITS & AIFs Reporting: coordinating and supporting other teams in ensuring accurate and timely regulatory reporting to local/EU regulators and investors. This includes reporting obligations such as semi-annual UCITS risk reporting with the CSSF, PRIIPS KID, and AIFMD Annex IV reporting.

• Governance: assisting BEFM Risk in maintaining and developing an effective risk framework. This involves updating and reviewing policies, procedures, and risk profiles in accordance with latest regulatory requirements and industry best practices.

• Oversight: overseeing risk processes that may be partially supported by internal and/or external teams. The Associate will ensure robust due diligence procedures, strong operational processes, accurate risk modeling, and effective escalation procedures.

Qualifications & Skills

Blackstone seeks to hire individuals who work well in a team, are highly motivated, with a sound judgment and have demonstrated excellence in prior endeavors.

• Master’s Degree in Finance, Economics, Accounting, Financial engineering, or a related discipline
• 4 to 6 years of relevant experience in the financial services industry, such as UCITS Management Company, AIFM, or Risk Advisory role. A prior experience in a Big 4 is an asset.
• Strong understanding of risk management techniques and methods, including Value-at-Risk, stress testing, liquidity modeling, and counterparty risk
• Excellent knowledge of the local/EU regulatory requirements related to UCITS domiciled in Luxembourg and/or Ireland. Familiarity with regulatory requirements for AIFs is considered as an asset.
• Good understanding of regulations and reporting obligations applicable to OTC derivatives and SFTs (i.e., EMIR, SFTR)
• Proficiency in MS Excel, Word and PowerPoint is essential. Knowledge of IT languages like VBA, SQL, and experience with tools like Tableau or PowerBI is a plus.
• Fluent in English, both written and oral
• Strong written and verbal communication skills
• A collaborative team player with a resourceful mindset and a focus on efficiency
• Demonstrates ownership and accountability, manages work independently and knows when to escalate matters
• Ability to effectively connect and collaborate with international teams and thrive in an entrepreneurial environment
• Strong multitasking abilities, excellent organizational skills, and keen attention to detail

All qualified applicants will receive consideration for employment without regard to race, colour, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.

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.

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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

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.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.