BAAM Business and Financial Evaluation Associate

  • The Blackstone Group
  • New York City, NY, United States
  • 22 Jan, 2018
Experienced Hires Accounting & Finance Asset Management Compliance / Legal

Job Description

Business and Financial Evaluation Associate – BAAM

Employer

Blackstone

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 over $385 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 www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Business Unit

BAAM

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 $74 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a long-only solutions business, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established hedge funds. 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

Associate – Business and Financial Evaluation (“BFE”)

Job Description

The Business and Financial Evaluation (“BFE”) Group in BAAM is responsible for performing analyses of the business structure and operations of hedge fund managers. The group performs over 150 operational due diligence meetings per year. In addition, the team assesses underlying hedge fund managers’ service providers. The team also works on special projects with management.

Responsibilities

    • Meet with senior level management at investee and prospective hedge funds for operational due diligence meetings spanning various investment strategies. These meetings discuss all areas of operations to assess the strength of the organization and its ability to mitigate operational risk

    • Monitor a sub-set of hedge fund managers on a continual basis.Establish and carry out due diligence plans to maintain ongoing oversight.Report findings to Senior Management

    • Document due diligence meetings conducted and present findings to both the Portfolio Management Team as well as Senior Management

    • Monitor and research industry and regulatory developments.As needed, produce materials for internal and external distribution

    • Analyze manager materials, investor communications, regulatory filings, and audited financial statements, among other materials

    • Assist team members on special projects

    • Perform due diligence on administrators and other service providers that support underlying BAAM hedge fund managers

    • Meet with prime brokers and other industry participants

    • Respond to client requests and inquiries.As needed, discuss industry and manager-specific topics directly with clients

    • Attend industry seminars to understand new developments

    • Develop and conduct training sessions on industry topics for other employees

    • Mentor analysts and other junior team members

Qualifications

    • Candidates should have 5-8 years of experience

    • Prior work experience should include having worked either at a public accounting firm, hedge fund administrator or prime broker

    • Experience at a Traditional or an Alternative Asset Management entity in compliance, financial and/or operational role

    • Knowledge of hedge fund structures, terms, operations, accounting, trade flow and compliance

    • Candidates should possess strong verbal and written communication skills and presentation skills

    • Exceptional leadership capabilities

    • Team oriented

    • Candidate should be willing to travel, both domestically and internationally.Approximately 20% of the due diligence meetings will take place outside of New York City

    • Hedge fund experience and post-graduate certifications such as an MBA, C.P.A. or C.F.A. are preferred; however, they are not required for the position

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.