Internal Audit - Vice President (Financial Reporting Controls)

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 www.blackstone.com. Follow @blackstone on LinkedIn, Twitter, and Instagram.
 

Position Title Internal Audit – Vice President (Financial Reporting Controls)

Blackstone Internal Audit Blackstone Internal Audit (BXIA) provides independent assurance to executive management and the Blackstone Audit Committee regarding the effectiveness of the Firm’s governance, risk management, and internal control processes. Additionally, BXIA facilitates Blackstone’s SOX Compliance Program by providing oversight, expertise, and assistance in project management and quality assurance of the internal control environment for financial reporting. Job Description As a Vice President in BXIA, you will be deeply involved in core activities of our internal audit function, including, audit planning, execution, strategic initiatives and risk advisory, while also supporting the oversight of the financial reporting control initiatives, including SOX compliance and evaluation of the firm’s quarterly financials. This position provides a unique opportunity to gain exposure to key areas across Blackstone’s global business, including investment and asset management, risk management, operations, technology, and compliance with a focus on finance. You will collaborate with leaders across the Firm to deliver impactful recommendations aimed at risk mitigation and enhancing the financial control environment, while also promoting culture of innovation.

Key Responsibilities

• Risk Assessment: Assist in the annual risk assessment process and drive the formation of the audit plan across finance functions to ensue comprehensive risk coverage
• Audit Execution: Create and execute risk-based audit work programs across corporate and business finance functions that align with the annual audit plan
• Risk and Control Evaluation: Identify and evaluate key risks and controls, perform testing, document results and remediation plans to mitigate risks and enhance operational efficiency
• Reporting: Prepare commercially effective audit conclusions and findings, present to management and monitor to resolution
• Financial Statement Analysis: Review financial data for accuracy or to detect errors and anomalies and identifying potential issues or areas for improvement
• Valuations Assessment: Analyze valuation materials in advance of the Valuation Committees
• Subject Matter Expertise: Utilize your industry experience to offer expertise and advisory support for maintaining a robust internal control framework and improve ICFR processes
• Financial Reporting Compliance: Assist in facilitation of the annual SOX Compliance program
• Innovation: Identify and implement opportunities to drive efficiency and effectiveness in ICFR processes
• Industry Engagement: Stay updated on industry trends, regulatory changes, and participate in events to enhance your skills and knowledge of ICFR and the alternative asset management landscape
• Relationship Management: Establish and maintain strong working relationships with leadership across Blackstone, enhancing understanding of their operating and risk environments.
• Team Development: Manage, develop, train, and mentor colleagues

Qualifications

BXIA seeks to attract talent with a deep knowledge of risk and control frameworks, complemented by strong analytical skills and innovative mindset to enhance audit techniques and contribute to operational efficiency through audit and advisory support. Successful professionals should demonstrate a strong understanding of the asset management business, regulatory requirements for internal controls over financial reporting and proficiency in public company financial reports.

• Experience: 12 years of experience in internal audit, public accounting and/or risk management within the financial services industry or a related control function
• Education: 4-year degree in a finance, accounting, or quantitative discipline, and ideally a graduate degree in a related subject
• Credentials: CPA certification is strongly preferred
• Technical Knowledge: Deep expertise in financial concepts and operations related to finance function, including regulatory reporting controls, financial reporting and/or tax reporting, SEC US GAAP accounting
• Risk Knowledge: Proficient understanding of risks and controls in the alternative asset management industry, within financial reporting sector including global regulations
• Product Knowledge: Technical knowledge of relevant product areas
• Financial statements Analysis: Skilled in the analysis and interpretation of public company financials
• Leadership skills: Proven track record of leading audits of finance function and providing actionable recommendations
• Data Analytics: Experience using data analytics and visualization tools (e.g., Sigma, Tableau) for audit and risk monitoring
• Technology Proficiency: Familiarity with Governance, Risk, and Compliance technology tools
• Team Player: Collaborative with a strong sense of ownership and accountability
• Interpersonal Skills: Exceptional interpersonal, leadership and relationship management skills
• Communication Skills: Excellent verbal and written communication abilities
• Professional Skepticism: Strong analytical skills and ability to challenge assumptions to derive to reliable conclusions
• Adaptability: Highly driven, capable of multitasking and able to deliver in a fast-paced environment
• Integrity & Objectivity: Professional integrity of the highest order, with a commitment to transparent communications
• Critical Thinking: Ability to think strategically to develop innovative recommendations to mitigate risks and add value

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:

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 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; 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.

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.

Salary : $200,000 - $250,000