Job Description
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.
Firm Overview
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 $1.35 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, Twitter, and Instagram.
Company Overview
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. BEFM is also authorized to manage separately managed accounts (“SMAs”) with a combination of these asset classes.
Job Description
Blackstone is seeking an Associate/AVP for the AML team in Luxembourg, who will play an important role in supporting the function with its “Best in Class” standards. The successful candidate will be responsible for liaising with various stakeholders in the US and EMEA regions. The primary focus will be on overseeing the AML framework of BEFM and its funds to ensure regulatory expectations are met while maintaining lean and sustainable processes. This position will report to the Conducting Officer in charge of AML and provide daily support to the Money Laundering Reporting Officer (MLRO) in a wide range of tasks.
Responsibilities
Support the MLRO with the implementation of the new EU AML package
Coordinate completion of various AML filings and reports (e.g. SRRC report, AED questionnaires)
Execute the AML testing program (including tests covering name screening processes, deal-level AML)
Conduct AML regulatory watch and escalate any material updates to relevant stakeholders
Manage AML-related queries from auditors and support ad-hoc regulatory reviews
Assist in the periodic reviews of the AML policy, risk assessment, and risk appetite of BEFM and its Funds
Assist in the oversight of the various Transfer Agents
Assist with coordinating account openings and KYC refreshes
Prepare board decks for the BEFM Board, BEFM Management Committee and the governing bodies of the Funds
Ensure counterparties AML/KYC files are kept up to date
Coordinate the funds onboarding approval process (from an AML perspective)
Assist the Distribution Oversight team with AML-related queries
Maintain the internal AML log
Support or lead AML strategic projects as needed
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.
4–6 years of relevant experience in AML, preferably within an alternative asset manager or major consulting firm
Fluent in English, both written and oral
Strong knowledge of EU/Luxembourg AML legislation
Analytical mindset
Highly organized with strong attention to detail and strong time management skills
Ability to work independently in an organized manner and take on appropriate responsibility, including coordinating with transfer agents and assisting sales teams with investor onboarding
Ability to effectively connect and collaborate with international teams, and thrive in a dynamic, entrepreneurial environment
Strong communication and presentation skills
Working knowledge of AI and automation tools is a plus
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.
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.
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.