BAAM - Client Operations, Analyst

Blackstone · New York City, NY

Company

Blackstone

Location

New York City, NY

Type

Full Time

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 $975 billion 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.

Business Unit: BAAM

Business Description:

Blackstone Alternative Asset Management (BAAM®) manages approximately $80 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests 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 mitigating downside risk during stressed market environments.

Job Title: BAAM - Client Operations, Analyst

Job Description:

The Client Operations Team works in conjunction with all other teams across BAAM such as the Investor Relations, Legal & Compliance, Fund Accounting, Reporting, and Middle Office Teams. The comparatively small size of this group not only offers analysts the opportunity to liaise with every team across the BAAM platform, but also provides an opportunity to manage relationships with our third-party providers and interact directly with clients. As such, analysts assume significant responsibility and integral roles.

The analyst will work on a variety of matters relating to client investments in the various products offered under BAAM. Primary job responsibilities will include:

  • Oversight and processing of client directed transactions, including commitments, subscriptions, redemptions and transfers, as well as other non-standard trade types.
  • Working in conjunction with various BAAM teams such as the Investor Relations, Legal & Compliance, Fund Accounting, Reporting, and Middle Office Teams in order to execute Client trades and respond to Client queries
  • Liaising and managing service providers such as the Fund Administrators in relation to Investor trade documentation, annual questionnaires and ad hoc client requests as well as trade reconciliation
  • Managing direct interaction with clients on various requests
  • Maintenance of various databases in connection with client investments
  • Providing reports for various internal teams

Qualifications:

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

  • 2+ years of relevant experience from financial services preferred.
  • Highly organized with strong attention to detail
  • Strong communication skills
  • Ability to multitask to meet numerous deadlines in a dynamic environment.
  • Ability to work well within a team-oriented environment and individually.

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:

$100,000 - $125,000

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 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.

Date Posted

06/24/2023

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