Asset Based Finance - Securities Operations, Associate

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 $975 billion 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.

Business Unit:

Asset Based Finance – Securities Operations

Business Unit Overview:

Blackstone Structured Finance Group (“SFG”) brings together Blackstone Asset Based Finance (“ABF”) Real Estate Debt Strategies (“BREDS”) and Securities. The formation of this combined group will drive further scale in Blackstone’s lending capabilities across a variety of asset backed finance markets, including consumer finance, real estate, transportation, trade receivables, fund finance, and digital infrastructure.

Job Title:

Asset Based Finance – Securities Operations, Associate

:

The Asset Based Finance Securities Operations team: Oversees all operational aspects of the private client mandates (Revolver/ Delayed Draw, Term Loans, ABS, CMBS, Privately Originated Loan) from trade input, settlement to the on-going asset servicing.

Responsibilities:

• Perform daily cash and position reconciliations.
• Responsible for booking, capturing, and reconciling trades.
• Monitor private deal pipeline, to ensure client liquidity, operational readiness, and timely fundings.
• Research and resolve transaction breaks between internal system and Custodians.
• Interact with clients and agents on position updates or trade related issues.
• Provide allocations to clients on all securities to ensure proper funding and settlement.
• Ad Hoc reporting
• Responsible for Client Relationship Maintenance

Qualifications:

Blackstone seeks to hire individuals who are highly motivated and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:

• Prior experience working closely with traders a plus.
• 2+ years of experience in trade support or middle office role.
• Working knowledge of security operations with Loans, Fixed Income products, and the trade life cycle.
• Must be proficient in Excel.
• Undergraduate degree.
• Experience working with technology professionals on ad-hoc system enhancements.
• A desire to work in a team environment, often under competing deadlines
• Experience with Advent Geneva; Bloomberg knowledge would be a plus.

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:

$120,000 - $140,000

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: Base salary does not include other forms of compensation or benefits offered in connection with the advertised role.

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:

• Supervising or training securities licensed employees;
• Structuring or creating Blackstone funds/products; and
• Attending client meetings where you are discussing Blackstone products and/or and client questions;
• Marketing Blackstone funds to new or existing clients;
• 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.