Legal & Compliance – Core Compliance, AVP | Black Stone

Job Description

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 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.

Responsibilities:

This is a key position within the UK compliance team, playing an important role in continuing to build and develop the function to genuine “Best in Class” standards.

This position will be a key member within a small team with responsibility to provide wide-ranging support to the senior compliance leadership team, with a particular focus on key compliance initiatives and also supporting business unit focused compliance officers. 

Specifically:

• Contributing to the drafting and implementation of policies, procedures and monitoring requirements associated with applicable regulatory developments such as MiFID II, ESG, UK Senior Managers Regime & Certification regime, and acting as a potential point of contact for business lines on more straightforward issues and queries, for example under the Market Abuse Regulation (MAR).
• Supporting the senior team lead in the provision of regulatory advice to business lines operating in the UK, including Private Equity and Real Estate and liaising with outside counsel to obtain legal advice when necessary.
• Assisting with maintaining compliance manuals, policies and procedures for the business in EMEA as required.
• Supporting the execution of the firm’s compliance monitoring program in the UK.
• Carrying out e-communications surveillance and assisting in any development work to build out the function more generally with respect to Blackstone’s European surveillance program.

• Providing support to the compliance area on research, inducements, and ensuring a uniformed approach across the region.
• Assist with the preparation and filing of submissions to the FCA and other regulators, including relevant public disclosures.
• Maintaining relevant EMEA Compliance Logs (including breach register, litigation and regulatory matter index).
• Assisting with submission of documentation required for Internal and External Audit requirements.
• Provide support in designing and delivering compliance training to the business on key regulatory topics.
• Work on European regulatory projects to support new business initiatives and regulatory change projects. Carry out research and ongoing horizon scanning for key relevant regulatory initiatives.

• Promoting the further development of a compliance and regulatory risk management culture within Blackstone by working with the EMEA Compliance team to proactively raise awareness of regulatory issues internally, helping to broaden ownership of responsibility for compliance beyond the Legal & Compliance function. 

Experience:

• Strong educational background with a university degree preferably in Law and/or Financial Regulation.  Further legal training would be an advantage.
• Preferably 5-7 years’ post qualification experience in the compliance and regulatory field within financial services and particularly in international asset management.
• Good technical skill across the main central compliance areas and overall a broad range of compliance capabilities across the range of disciplines.
• Stakeholder management is key in this role.  The successful candidate must have the capability and knowledge to influence and advise senior management within Blackstone.
• Ability to challenge independently and constructively, where appropriate, to achieve engagement on projects and drive implementation.
• Ability to communicate effectively, orally and in writing at all levels of the organisation, to help educate, negotiate, gain consensus on decisions and achieve results.
• An organised approach with the ability to manage projects successfully.
• Excellent judgement as to when to act autonomously and tackle issues to positive resolutions and knowing when to escalate matters.

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.