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Baam, Middle Office Operations, Intern

The Blackstone Group

Baam, Middle Office Operations, Intern

New York, NY
Internship
Paid
  • Responsibilities

    BAAM, Middle Office Operations, Intern Job Description: Job Title: BAAM Middle Office Operations, Intern Employer: Blackstone Firm Profile: 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 $450 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 Blackstone BAAM Overview: Blackstone Alternative Asset Management (BAAM®), Blackstones Hedge Fund Solutions platform, is the worlds largest discretionary investor in hedge funds, with approximately $79 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: Intern Job Description: BAAM is seeking a Treasury / Middle Office Operations intern to assist in the daily operational and cash functions. Candidates should exhibit strong technical and analytical skills as well as exceptional communication skills. Candidates should be energetic, self-motivated, and a team-oriented individual with fresh ideas and innovative solutions who will thrive on challenge in a fast-paced, dynamic environment. Responsibilities: * Perform daily cash reconciliations for all bank counterparties * Process and monitor borrowing activity, interest costs and fee calculations associated with financing lines of credit * Prepare and review cash payment instructions for daily transaction activity of investment vehicles * Daily interaction and communication with custodians * Assist with the preparation of various management reports including FX exposure analysis, credit facility usage and credit facility portfolio covenants * Execution and reconciliation of monthly trading activity to hedge fund managers and custodians Qualifications: * Bachelors Degree in Finance / Accounting preferred 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.

  • Industry
    Financial Services