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 $ 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 . Follow @blackstone on  ,  , and  .

Company Overview

Blackstone Europe Fund Management S.à (“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.

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.