BAAM - Compliance, Associate/Vice President BAAM - Compliance, Associate/Vice President …

Blackstone US
in New York, NY, United States
Permanent, Full time
Last application, 13 Aug 19
Blackstone US
in New York, NY, United States
Permanent, Full time
Last application, 13 Aug 19
BAAM - Compliance, Associate/Vice President
Job Description:
BAAM - Compliance Associate/Vice President


Firm Overview:
Blackstone is one of the world's leading investment firms. 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 asset management businesses, with $472 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at Follow Blackstone on Twitter @Blackstone.

Business Unit:

Business Unit Overview:
Blackstone Alternative Asset Management (BAAM®), Blackstone's Hedge Fund Solutions platform, is the world's largest discretionary investor in hedge funds, with approximately $78 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established alternative asset managers. In all of BAAM's business lines, it carefully selects and partners with fund managers across a variety of asset classes and strategies to create solutions for its investors. Through its sharp focus on clients' goals, a rigorous due-diligence process and access to Blackstone's global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments.

Job Title:
Compliance Associate/ Vice President

Job Description:
Blackstone Alternative Asset Management L.P. ("BAAM") seeks an Associate level Compliance Officer in its Legal & Compliance group.

The successful candidate will work closely with BAAM's Chief Compliance Officer on a variety of legal and compliance matters relating to hedge funds and fund of hedge funds. Primary job responsibilities will include:
  • Drafting and reviewing legal documentation for BAAM's flagship commingled fund-of-funds products including PPMs, LPAs, transfer agreements and subscription documents;
  • Overseeing investor onboarding process including side letters, distribution relationships and coordinating with administrators conducting AML;
  • Liaising with fund directors;
  • Monitoring legal and regulatory developments and implementing new policies and procedures designed to mitigate risk for BAAM's business and investments;
  • Assisting in the implementation of the funds' compliance programs;
  • Overseeing various SEC, CFTC and foreign regulatory filings, coordinating with the appropriate BAAM operations and finance teams; and
  • Substantive interaction with BAAM's investment and operational professionals regarding all business matters.

BAAM seeks to hire individuals who are highly motivated, intelligent, enthusiastic, team players and have demonstrated excellence in prior endeavors. Candidates should possess a JD and have between 5 to 10 full years of experience in a compliance role at a hedge fund, private equity fund, consulting or financial services firm with substantive knowledge of the Investment Advisers Act of 1940 and the day-to-day legal and compliance affairs of private funds or as a practicing fund lawyer. The successful candidate should have strong communication and organizational skills, as well as a demonstrated ability to write effectively. BAAM seeks candidates who possess a positive attitude, integrity, maturity, strong judgment and the ability to build relationships across the business.

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

The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.

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