Logo
Blackstone Group

Infrastructure Funds - Regulatory Attorney, VP

Blackstone Group, New York, NY


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 $1.1 trillion 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 . Follow @blackstone on LinkedIn, Twitter, and Instagram.Business Unit: Blackstone Legal & Compliance (Infrastructure)Blackstone seeks a Vice President to join its Legal & Compliance team to provide support for the firm’s Infrastructure business. The Vice President will be integrated rapidly into the team to ensure the compliance function continues to deliver excellent service and support for investment, client service, finance, and asset management teams. The Vice President will work closely with the Chief Compliance Officer.Blackstone Infrastructure invests across energy, transportation, digital infrastructure and water and waste infrastructure sectors. The Infrastructure group seeks to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.Job Description:The Regulatory Attorney will work on a wide range of legal and compliance matters involving the investment business described above. Primary job responsibilities include:Work closely with the CCO and investment team to provide broad support for the Compliance Program for Blackstone’s $40+ billion Infrastructure business, team members, and investment portfolio consistent with applicable law and regulation (with particular focus on the U.S., U.K. and European Union)Review side letter provisions and manage compliance with LPAs and PPMsCollaborate with internal and external stakeholders to negotiate and finalize private fund service provider agreements, ensuring compliance and effective fund operationsCoordinate across business unit and corporate teams to prepare regulatory reports and filings (e.g., Forms ADV, Form PF, Reg D, AIFMD and Annex IV, 13H, 13F) and to perform annual 206(4)-7 compliance reviewWork with legal and compliance colleagues to provide strategic advice on legal and regulatory matters, including (i) responses to requests from regulators, (ii) new developments that impact the business and its investors, and (iii) regulatory examination preparationHelp develop, revise, and maintain compliance and regulatory policies, procedures and controls taking into account the specific needs of the Infrastructure business, firm-wide policies and practices, and evolving legal and regulatory requirementsResponsible for the development, maintenance and delivery of compliance training to investment and support teams on key regulatory topics for new and existing employees; maintain training records; and ensure consistency with other Blackstone businessesReview, prepare and oversee adherence to third-party advisor / consultant agreements and engagement letters (including for Blackstone Executive, Senior and Operating Advisors)Work with investment and asset management teams, senior leadership, and legal and compliance colleagues throughout the transaction lifecycle (including pre-acquisition diligence, preparation for committee reviews, regulatory filings, and post-acquisition obligations)Ensure compliance with investor side letter obligationsDevelop leadership responsibilities for key ESG-related workstreams across products/funds, portfolio company support, and Blackstone corporate and firm-wide initiativesAssist with new product development (including retail- and institutional-focused vehicles) in both U.S. and non-U.S. jurisdictionsSupport selected firm-wide legal and compliance initiativesQualifications: An attorney with 6+ years of experience at a law firm and/or as a compliance professional (preferably at an asset manager or at a regulatory consulting firm)Familiarity with SEC, CFTC, and European private placement registration processes; and federal, state and international securities law and regulation (including the Investment Advisers Act of 1940 (and updates to the Marketing Rule), ERISA, the Alternative Investment Fund Managers Directive, and the EU Market Abuse Regulation (and similar anti-insider trading regimes)Capacity to understand difficult and complex compliance, legal and business problems and address with commercially actionable work plansDemonstrated experience liaising between business team members (e.g., investment, asset management, marketing) and firm-wide corporate groups (e.g., accounting, finance, operations, tax)Superb organizational skills; demonstrated strong writing ability; and strong interpersonal communications skillsAbility to manage projects independently to conclusion from conception to execution, including coordination and oversight of external consultants and counselCompliance experience with registered funds, board roles, and service providers is a plusAn understanding of derivatives transactions (including currency hedging and interest rate swaps) is a plusThe 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:$140,000 - $200,000Actual 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 email Human Resources at HR-Recruiting-Americas@Blackstone.com.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; andAdvising 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.SummaryLocation: New YorkType: Full time