Compliance Risk Management Program Strategy & Governance, SVP

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Compliance Risk Management (“CRM”) Overview 

CRM sits centrally within Blackstone Compliance and is charged with identifying, assessing, and mitigating regulatory risk to our business.  In coordination with the Chief Compliance Officers of the various business lines and heads of other central compliance functions, the CRM team monitors the effectiveness of Blackstone’s policies and procedures as applicable to our regulated entities globally. CRM helps ensure that our businesses are complying with their regulatory obligations and living up to the high ethical standards that Blackstone’s senior leadership has set for the firm. 

 

CRM’s three primary areas of responsibility include: 

• Compliance Testing – Risk-based assessment and testing across the 40+ BX registered investment advisers and 300+ BX managed private and public investment funds 

• Regulatory Exam Oversight – Preparation for exams of our registered entities and project management support during active exams to ensure timely, complete and accurate responses 

• Strategic Initiatives – Leveraging the team’s central position and risk management lens, conceive and drive initiatives to enhance policies, streamline processes, and drive consistency across the compliance team 

 

Job Description: 

The successful candidate will lead CRM Program Strategy & Governance, in collaboration with the global head and the 4-person broader team.  They will partner with the Head of CRM in setting and executing against the strategic direction of the team's remit, particularly focused on formalizing target operating model, uplifting program frameworks and methodologies and integrating into broader firmwide efforts, including the establishment of risk and control taxonomies, risk assessments and technology platform implementation.  Among other things, this work will include (1) contributing to the assessment of current state to ensure robust testing plans and risk-adjusted coverage across Blackstone’s compliance landscape, working cooperatively and in coordination with the firm’s Internal Audit department and other stakeholders;(2) evaluation of key regulatory developments to inform planning and calibration of risk; and (3) special projects that strengthen controls or improve the reliability and efficiency of processes, with support from Compliance professionals across the firm. 

 

This role offers an opportunity for frequent and meaningful exposure to professionals in the business units and corporate functions across Blackstone, including senior leaders. As a result, the successful candidate must have strong critical judgment, adaptivity, experience, and the leadership skills necessary to build consensus and to drive change. The successful candidate should also possess expertise in audit and operational frameworks, including the necessary skills to assess risks, design controls, and drive process improvements. Across these dimensions, a general familiarity with the asset management business and the relevant regulatory regime, including the Investment Advisers Act of 1940 and the Investment Company Act of 1940, is a plus. 

 

Among the more specific duties of the role are the following: 

• Advise and counsel the Head of Compliance Risk Management on key organizational and substantive matters pertaining to team’s overall remit  

• Lead the development and support implementation of a comprehensive compliance risk management framework aligned with business objectives and regulatory requirements. 

• Stand up more robust governance structures, including standardized executive-level management reporting routines, supported by formalized risk assessments, key metrics and defined protocols for developing testing plans, socializing outcomes and remediating observations 

• Evaluate opportunities to scale through strategic capabilities such as AI and data-driven testing and monitoring constructs, supported by the Center of Excellence 

• Advise, as needed, on investigations into compliance breaches and partner with stakeholders on development of corrective action plans to address identified issues 

• Recommend best practices to promote compliance with regulations and firm policies. 

• Represent the Head of the Compliance Risk Management team, as needed, in significant firm initiatives and strategic efforts, fostering a culture of compliance and risk awareness across the organization. 

• Contribute to the evaluation of the regulatory engagement framework, supporting, as needed, the coordination of Blackstone’s response to regulatory matters, fostering consistent interpretation, impact analysis, policy updates, and communication across all business units. 

• Establish productive relationships with business and enterprise stakeholders at all levels. 

• Coach, mentor and promote the professional development and career aspirations of team members, fostering a culture of excellence, professional integrity, and duty of care. 

 

Qualifications: 

Blackstone seeks to hire individuals who are highly motivated, team-oriented and intelligent, who thrive on challenges in a dynamic environment, and who have demonstrated excellence and achievements in their prior endeavors.  In addition, the successful candidate should meet the following qualifications: 

• Professional integrity of the highest order 

• 10+ years of experience in the financial services industry that includes complex project management and / or consulting, auditing or forensic work; asset management experience a plus 

• Significant experience leading a team, independently driving cross-functional initiatives, building consensus across competing priorities and requirements and focusing on strong execution / operational excellence 

• Proven experience in operational process improvement and strategic planning 

• Strong experience to build and maintain relationships with key stakeholders at all levels across the organization 

• Thinks critically and strategically to develop innovative recommendations to mitigate risks and add value 

• Excellent communication, leadership, and decision-making skills 

• Intellectual curiosity; proactively works to understand difficult, complex compliance and business problems 

• Effectively persuades stakeholders with compelling insights and recommendations that drive meaningful change and enhance operational performance  

• Works well with colleagues to devise pragmatic and creative solutions 

• Proven experience to prioritize, provide perspective and focus on critical tasks that add value 

• Excellent organizational skills and follow-through  

• Highly effective oral and written communication skills 

• Highly motivated, diligent and conscientious work ethic 

• Thrives in dynamic environments; demonstrates adaptiveness and a measured approach under competing priorities 

• Demonstrates sound judgment and engenders trust in others 

• Leverages data analytics and insights to enhance testing program 

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:

$225,000 - $275,000

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s 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.

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