BAAM - Business and Financial Evaluation, Analyst Job Description: BAAM - Business and Financial Evaluation, Analyst Employer: Blackstone Firm Overview: Blackstone is one of the worlds 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 approximately $440 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 Business Unit: BAAM Business Unit Overview: Blackstone Alternative Asset Management (BAAM®), Blackstones Hedge Fund Solutions platform, is the worlds largest discretionary investor in hedge funds, with approximately $77 billion in assets under management. BAAM manages a diversified set of businesses including a customized solutions business, a special situations platform, a hedge fund seeding business, an open-ended mutual fund platform and a business that purchases stakes in established alternative asset managers. In all of BAAMs business lines, it carefully selects and partners with fund managers 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 Blackstones global insights, BAAM strives to generate attractive risk-adjusted returns across market cycles while preserving capital during stressed market environments Job Title: Analyst Business and Financial Evaluation (BFE) Job Description: BAAMs Business and Financial Evaluation (BFE) Team is responsible for performing initial and ongoing operational due diligence with respect to BAAMs underlying hedge fund managers and other key business relationships, across all BAAM platforms. BFE performs over 150 operational due diligence meetings per year. Managers are evaluated based upon all non-investment aspects of the business including business viability, operational, technology and compliance risks associated with managing an alternative asset investment firm. The BFE Team uses a collaborative and consultative approach to its pre-investment and ongoing diligence efforts, developing strong partnerships with key professionals at each underlying hedge fund, including the COO, CFO, General Counsel, Compliance Officer and Marketing and Investor Relations personnel. BFE works closely with investment research and other functional teams across BAAM throughout the diligence process to monitor the ever-changing industry landscape. Responsibilities: * Meet with senior level management at BAAMs active and prospective hedge fund investments to perform operational due diligence. Meetings cover hedge fund managers of various size, institutionalization, investment strategy and geographical location. Discussion topics include all areas of business and operations to assess the strength of the organization and its ability to mitigate operational risk. * Monitor a sub-set of hedge fund managers on a continual basis. Establish and carry out due diligence plans to maintain ongoing oversight. * Document due diligence meetings and calls conducted and present findings to the Portfolio Management Team and Senior Management. * Monitor and research industry and regulatory developments. As needed, produce materials for internal and external distribution * Analyze hedge fund manager materials including marketing presentations, investor communications, regulatory filings, and audited financial statements, among other items. * Assist team members and Senior Management on special projects. * Perform due diligence on administrators and other service providers that support BAAMs hedge fund managers. * Meet with prime brokers and other industry participants. * Respond to client requests and inquiries. As needed, discuss industry and manager-specific topics directly with clients. * Attend industry seminars to understand new developments. * As needed, develop and conduct internal training sessions on industry topics. Qualifications: * Candidates should have 1-3 years of experience * Preferred prior work experience includes a traditional or alternative asset management firm in a financial, operational or compliance role or experience at a public accounting firm, hedge fund administrator, compliance consultant or prime broker * Knowledge of hedge fund structures, terms, operations, accounting, trade flow and compliance * Candidates should possess strong verbal and written communication skills and presentation skills * Exceptional leadership capabilities and organization skills * A strong work ethic, self-motivation and proactivity * Team oriented * Candidate should be willing to travel, both domestically and internationally. Approximately 20% of the due diligence meetings will take place outside of New York City * Hedge fund experience and post-graduate certifications such as an MBA, C.P.A. or C.F.A. are preferred; however, they are not required for the position 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. To submit your application please complete the form below. Fields marked with a red asterisk * are required in order to enter into a possible employment contract (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.