BAAM – Special Situations, Vice President

Business Unit: BAAM

Business Description:

Blackstone Alternative Asset Management (BAAM®) manages approximately $78 billion across a diversified set of businesses, including a customized portfolio solutions business, a special situations platform, a business that purchases GP stakes in alternative asset managers, an open-ended mutual fund platform, and an emerging manager seeding business. BAAM invests 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 mitigating downside risk during stressed market environments.

Job Title: BAAM – Special Situations, Vice President

Job Description:

The BAAM Special Situations platform (“BSOF”) was launched in 2011. BSOF’s mandate is flexible across the capital structure – investing in equities, preferreds, converts, bonds, loans and structured investments. The team can execute on both private and public opportunities across geographies or industries.

The BSOF team is able to leverage BAAM’s 100+ hedge fund manager relationships, the broader Blackstone network and the team’s direct relationships to source attractive investment opportunities. The team seeks a VP to support the fund’s fundamentally driven investment process.

This role acts as the product representative of the Special Situations platform, a direct investing arm within Blackstone Asset Management (BAAM). The Vice President will be involved in, and over time is expected to lead, all facets of Investor Relations within the platform.

Key Attributes:

• Willingness and ability to develop extensive, in-depth knowledge of product functions and can operate independently in managing client relationships.
• Strong relationship and communication skills effectively collaborate across many different groups and functions, including Global Sales, Operations, Accounting.
• Ability to manage projects, see and address process gaps and operate in a dynamic environment.

Specific Day-to-Day Activities May Include:

• Create preparation materials for and engage Clients in regular reporting calls.
• Address Client questions regarding portfolio or platform.
• Participate/lead monthly quarterly update calls with clients, as well as assist with quarterly letters.
• Create marketing materials to address specific Client and Prospective Client questions
• Oversee format and check accuracy of information maintained by ISDR in standardized marketing materials.
• Developing processes to facilitate communications between Special Situations team and other client groups across the firm.

?Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. The successful candidate should have:

• 5+ years of relatable work experience
• Experience working for or with hedge funds or Alternative Investments
• General knowledge of financial markets, Alternative strategies and investment types
• Capability to work at a high level in coordination with other team members
• Ability to manage and execute multiple projects
• Excellent written and verbal communication skills
• Strong Microsoft Office experience, emphasis on PowerPoint and Excel
• Bachelor’s degree with a strong academic record desired; advanced degree or CFA 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:

$165,000 - $225,000

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:

• 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.