Legal & Compliance - AML, Associate

This position is part of a small, highly specialized, Financial Crime Second Line function, focused on establishing exemplary AML standards. The role benefits from full support from the business, and the selected candidate will have access to all necessary tools and resources to succeed. The candidate will enjoy significant visibility within the business and will work closely with the team lead and the Global Head of Financial Crime to manage key financial crime risks in accordance with relevant legislation.

Key responsibilities include:

• Serving as a point of escalation for all financial crime-related matters, including AML, CTF, sanctions, ABC, and anti-tax evasion.
• Providing expert advice to various Blackstone business units on financial crime compliance-related issues.
• Supporting the global investor onboarding process, including conducting high-risk reviews for new and existing investors.
• Performing Know Your Counter party and Asset reviews on transactions originating across EMEA. This includes providing KYC and AML support for asset transactions, conducting due diligence, screening counter parties, and evaluating high-risk red flags.
• Assisting with the investor re-identification process in collaboration with the transfer agent across EMEA.
• Assessing escalations from regional compliance teams or fund transfer agents related to negative news, PEP, sanctions alerts, or customer due diligence requirements.
• Contributing to the development, implementation, and review of policies, procedures, monitoring frameworks, and risk assessments to ensure compliance with applicable regulatory developments, including AML-related requirements at both organizational and fund levels.
• Reviewing and escalating material risk alerts to senior management within EMEA and business unit leadership.
• Assisting with the preparation of management information and updates for governance committees, including senior management, and presenting key financial crime topics to compliance and business unit stakeholders during regular meetings.
• Supporting financial crime testing activities, internal audits, and regulatory requests with an EMEA nexus. 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.

The ideal candidate will possess the following qualifications and skills:

• A strong educational background, preferably with a university degree or equivalent experience.
• 4 to 6 years of experience in the financial crime compliance field within financial services, particularly within asset management.
• Solid technical expertise across key financial crime issues, with broad capabilities across the full range of financial crime disciplines.
• The ability to support the team lead in stakeholder engagement and substitute on advisory matters when required.
• The ability to independently and constructively challenge stakeholders to drive engagement on projects and support implementation.
• Strong communication skills, both oral and written, with the ability to engage effectively across all levels of the organization.
• Demonstrated project management skills, with accountability for delivery.
• Excellent judgment in determining when to act autonomously to resolve issues and when to escalation matters appropriately.
• Highly organized, goal-oriented, and solutions-focused.
• Strong interpersonal skills and a collaborative team player
• Exceptional attention to detail and the ability to multitask effectively.

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…