Job Description:
Blackstone
Position Title
Internal Audit Vice President in Finance - New York
Firm Overview
Blackstone is one of the world's leading investment firms. 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 asset management businesses, with $545 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone .
Blackstone Internal Audit ("BXIA") Overview
Blackstone Internal Audit department provides independent and objective assurance across the global platform guided by a philosophy of adding value to improve the operations of the Firm. BXIA assists Blackstone in accomplishing its objectives by bringing a systematic approach to evaluate and improve the effectiveness of the Firm's operational governance & risk management processes and internal controls. As applicable, BXIA also assesses and makes recommendations for improving the governance process to promote ethics and values within the organization.
BXIA's four primary areas of responsibility include:
Internal Audit - BXIA provides independent assurance to executive management and the Blackstone Audit Committee of the Board of Directors ("Audit Committee") on the effectiveness of the firm's governance, risk management and internal control processes. As part of its approved annual audit plan, BXIA performs business unit, enterprise, technology and jurisdictional reviews. Sarbanes-Oxley Compliance - Firm-wide assessment of internal controls over financial reporting and compliance with applicable laws and regulations. Advisory - Collaborate with senior management to gain insight on the Firm's strategic, operational, financial and compliance initiatives as well as assist with due diligence for acquisitions, as applicable. Enterprise Risk Assurance - Assess risks and controls related to business imperatives, such as launching new products, implementing new technologies or remediating control issues .
Job Description
BXIA seeks to attract and develop best-in-class talent from multi-disciplinary audit backgrounds including finance, technology, risk management, operations and compliance. Successful professionals should demonstrate a strong understanding of an alternative investment business, build strong working relationship with business partners, and deliver value added services which strengthen the risk and control environment.
Communication skills, objectivity, creativity in presentations and a strong understanding of risks and controls are key pillars to success in this role. Candidates should exhibit strong technical, analytical and leadership skills as well as exceptional communication skills. Candidates should be energetic, self-motivated, team-oriented individuals with fresh ideas and innovative solutions who thrive on challenge in a fast-paced, dynamic environment. The small size of this group offers an opportunity to gain significant exposure across the Blackstone platform.
Responsibilities
The Internal Audit Vice President will be involved in various aspects of BXIA's risk assessment, assurance and advisory activities, including audit planning and execution, and contributing to strategic initiatives. Areas of the business within the scope of this role will include investment and asset management, risk management, operations, finance, and compliance. Specific responsibilities will include:
- Lead risk-based audits across Blackstone's global platform and gain exposure to the firm's diverse businesses, products, regions, and enterprise functions
- Perform testing, document test results, identify findings as applicable, and work with internal staff to design corrective actions that mitigate risk and ultimately add value
- Draft the audit report and communicate key risks and recommendations to management
- Engage in SOX planning and control evaluation discussions with management and external auditors and perform quality assurance reviews of testing results
- Leverage industry experience to provide advisory services during the development of new businesses and systems
- Develop ongoing working relationships within the Firm, communicate ways to improve controls and have a strong understanding of new firm wide initiatives in the pipeline
- Assistance in the formation of the annual audit plan through direct input, insight and perspective around current business, industry and regulatory risk factors
- Build and maintain collaborative relationships with risk and control functions
- Direct administrative management responsibilities of audit staff
- Provide timely and candid feedback and coaching to staff
- Performing investigations, special reviews and other ad hoc projects
Qualifications
Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in their prior endeavors. In addition the successful candidate should have:
- Candidates should have 12+ years of auditing or Big 4 accounting experience in the financial services industry
- Undergraduate or graduate degree in accounting, finance, economics, computer science or business-related field
- Professionals with strong and broad exposure to investment management, risk management, operations, finance and compliance in the alternative asset management industry
- Aptitude towards investment and risk management, scenario analysis and problem solving
- Strong project management, organizational and presentation skills
- Excellent communication (verbal, written & listening) and interpersonal skills; strong writing skills
- Ability to think critically and strategically to develop innovative recommendations to mitigate risks and add value
- Strong quantitative skills
- Intellectual curiosity and healthy skepticism
- Commitment and strong work ethic
- Proficient understanding of current regulatory and industry events
- Ability to develop and maintain effective working relationships with peers and business partners
- Personal and professional integrity of the highest order
- Advanced Excel and PowerPoint skills
- Alternative investments experience strongly preferred
- MBA, CPA, CIA or CISA credentials strongly preferred
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.
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).
The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.
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