BXCI, Head of Risk, Dublin

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 www.blackstone.com. Follow @blackstone on LinkedIn, X, and Instagram.
 

Blackstone Credit & Insurance:

BXCI is one of the world’s leading credit investors. Their investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. They seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

The Liquid Credit Strategies Team (“LCS”) manages $114B in AUM across diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises 166 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

The Role:

Reporting to BXCI’s Head of Risk in NY, the successful candidate will act as Blackstone’s Head of Risk for Ireland and will be PCF-14 for the MIFID firm and the Designated Person for Risk for the AIFM. 

Primary Responsibilities:

• Manage a robust and independent (2nd line) risk management framework for Blackstone’s Irish MIFID advisor and AIFM leveraging existing processes and controls, in line with the Group, BXCI level frameworks
• Ensuring a robust control environment for all risk management matters
• Maintain and monitor the effectiveness of the risk management framework to meet requirements
• Coordinate local resiliency program assessments, including Business Continuity Planning and Operational Resiliency
• Ensuring appropriate reporting and remediation of process failures
• Supporting the launch of new investment structures to ensure they are integrated into the risk framework.
• Coordinating and ensuring timely delivery of high-quality risk management analysis and reporting to the senior management and governing bodies.
• Dealing with internal and external audit requests related to the risk management activity
• Responsible for dealing with regulators for risk management matters
• Manage juniors, both direct and indirect team members located locally and in offshore support centers, actively coaching and developing talent

Experience / Competencies:

• Educational Background: Degree or professional qualification in a relevant or related discipline.
• Experience: Minimum of 10 years’ experience in Risk Management, preferably within the asset management industry, with a deep understanding of risk management techniques, methods, and strong knowledge of local regulatory requirements, particularly MiFID.
• Product Knowledge: Strong understanding of financial instruments and markets; familiarity with CLOs is an advantage.
• Risk Management Approach: Proven ability to apply independent judgment with a proactive and pragmatic approach to risk management.
• Organizational Skills: Ability to manage multiple assignments simultaneously, with strong time management skills and exceptional attention to detail.
• Strategic Thinking: Able to think strategically and focus on the bigger picture; capable of generating and implementing creative solutions to challenges and new business initiatives. Experience in transformation initiatives, leading change projects, and designing processes and controls is a plus.
• Communication Skills: Excellent written and verbal communication abilities.
• Stakeholder Management: Collaborative team player with the confidence to build relationships and serve as the primary contact for a range of senior stakeholders.
• Technical Skills: Proficiency in MS Excel and MS PowerPoint; strong interest in leveraging technology to enhance processes.

• Additional Tools: Experience with AuditBoard is an advantage.

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:

• 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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