Luxembourg Job Openings
Blackstone Group
International Finance, Risk Management - AVP
FULL TIME
October 25, 2024
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
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Blackstone Europe Fund Management S.à r.l. (BEFM) is a private limited liability company (société à responsibilité limitée) notably subject to the Law of 10 August 1915 on commercial companies, as amended from time to time and to the AIFM Law. BEFM is authorized by the Commission de Surveillance du Secteur Financier (CSSF) as (i) a management company under Article 101(2) (Chapter 15) of the Law of 17 December 2010 on undertakings for collective investment, as amended (the UCI Law) and (ii) an alternative investment fund manager in accordance with the Law of 12 July 2013 on alternative investment fund managers, as amended (the AIFM Law).
BEFM manages UCITS and alternative investment funds (AIFs) in a variety of asset classes including private equity, real estate, credit and hedge fund solutions. BEFM is also authorized to manage separately managed accounts (SMAs) with a combination of these asset classes.
Job Description
We are currently looking to hire an Assistant Vice-President for the BEFM Risk Management team (BEFM Risk), which is primarily responsible for monitoring, assessment, and management of risks that could adversely affect the portfolios and funds managed by BEFM.
The role will be a key part of the International Finance team in Luxembourg and will report to the Luxembourg heads of Risk Management team. It is part of a small team and therefore is a hands-on role. Working closely with the other Blackstone teams globally, he/she will be responsible for the following areas, with an expertise focused on some fund strategies.
Responsibilities
As an AVP, you will be a key deputy for the co-heads of BEFM Risk, responsible for the effective identification, monitoring, and assessment of risks. You will be accountable for delivering comprehensive and precise reports to governing bodies and will oversee the execution of top-tier risk analysis across BEFM Risk’s full spectrum of activities, including risk management and investment fund compliance.
Risk management
- Risk monitoring: Leading the oversight and assessment of risks associated with BEFM-managed structures, the AVP will devise and implement risk mitigation strategies and corrective actions, coordinating with the Conducting Officer Risk and or the CSSF Risk Manager as needed.
- Investment fund compliance: Overseeing the compliance monitoring with investment restrictions and guidelines for UCITS and AIFs. The AVP will be responsible for identifying potential breaches and ensuring they are escalated appropriately.
Governance
- Risk framework, policies and procedures: Leading in maintaining and enhancing an effective risk framework, including the strategic updating and reviewing policies, procedures, and risk profiles to align with the latest regulatory requirements and industry best practices.
- Responsible for the preparation of materials and reports for key stakeholders such as Management Committee, Boards and EU/local regulators.
Team management
- Transformation and digitalization: Proposing and driving improvements of the risk management processes, enhancement of procedures and processes as well as the use of offshore resources and technology
- Manage responsibilities and tasks assigned to the offshore consultants
- Provide individualized coaching and support to team members (analysts/associates) to enhance their performance and professional development. Foster a culture of continuous learning and development within the team, encouraging self-reflection and growth. Monitor team performance, track progress towards goals, and provide regular feedback and coaching to team members.
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, Financial engineering, or a related discipline (FRM a plus)
- +7 years of relevant experience in the financial services industry, including roles in AIFM, UCITS Management Company, or Risk Advisory role. A prior experience in a Big 4 is an asset
- Strong leadership and people management skills, experience as a team manager is a plus
- Excellent understanding of risk management practices and methodologies
- In-depth knowledge of the regulatory requirements related to funds domiciled in Luxembourg and/or Ireland
- Good understanding of regulations and reporting obligations applicable to OTC derivatives and SFTs (i.e., EMIR, SFTR)
- Proficiency in MS Excel, Word and Power Point is essential. Knowledge or appetite for IT languages like VBA, SQL, Python, and experience with tools like Tableau or Sigma
- Fluent in English, both written and oral
- 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
- Good communication skills, both written and verbal, with the ability to communicate with stakeholders at all levels
- Proactive and able to suggest new efficient solutions.
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:
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Attending client meetings where you are discussing Blackstone products and/or and client questions;
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Marketing Blackstone funds to new or existing clients;
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Supervising or training securities licensed employees;
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Structuring or creating Blackstone funds/products; and
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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.
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