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Product Owner, Associate - Client & Firmwide Platforms

Blackstone

Blackstone

Product
New York, NY, USA
Posted on Tuesday, June 11, 2024

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 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.

Blackstone Technology & Innovations

Blackstone Technology & Innovations (BXTi) is the technology team at the core of each of Blackstone’s businesses and new growth initiatives. Serving both internal and external clients, we work to build the next generation of systems that manage risk, create efficiency and improve transparency within the firm and across our broad community of investors and portfolio companies.

BXTi is nimble and entrepreneurial – our open, iterative design processes and rapid pace of development mean that everyone on the team has the opportunity to make an impact from day one. We are problem solvers who can take projects from idea to implementation. We believe in active mentoring and developing excellence. We collaborate to find the best answers for our customers and for Blackstone. We are critical to the firm maintaining its competitive edge.

Role Overview:

Our technology group plays a critical role in developing and maintaining innovative software solutions that support our financial accounting operations. We are seeking a highly motivated and detail-oriented Associate Product Owner to join our team. In this role, you will focus on overseeing the quarterly planning, refinement, and requirements gathering meetings for our proprietary investment fund waterfall and performance calculation platform.

As an Associate Product Owner in the technology group, you will play a key role in driving the success of our investment fund waterfall and performance calculation platform. You will work closely with stakeholders, including finance, accounting, and technology teams, to gather requirements, prioritize features, and ensure the platform meets the evolving needs of our business. Your strong understanding of financial accounting principles, investment fund structures, and attention to detail will be essential in supporting the development and optimization of the platform.

Responsibilities:

  • Collaborate with stakeholders to understand business needs and translate them into detailed product requirements.

  • Assist in overseeing the quarterly planning, refinement, and requirements gathering meetings for the investment fund waterfall and performance calculation platform.

  • Work closely with the development team to ensure timely and high-quality delivery of platform enhancements and bug fixes.

  • Assist in conducting user acceptance testing (UAT) to validate the functionality and performance of the platform, ensuring it meets the defined requirements and user expectations.

  • Assist in providing ongoing support and training to end-users, addressing inquiries, resolving issues, and gathering feedback for continuous improvement.

  • Collaborate with cross-functional teams, including technology, operations, and compliance, to ensure seamless integration and alignment of the platform with other systems and processes.

  • Assist in maintaining product documentation, including user stories, acceptance criteria, and release notes.

  • Stay updated on industry trends and best practices related to financial accounting and investment fund operations.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Computer Science, or a related field.

  • 3+ years of experience in a product management or developer role, preferably in the financial services industry

  • Familiarity with technology platforms and tools used in financial accounting and investment management, such as fund accounting systems, data warehouses, and reporting tools.

  • Excellent analytical and problem-solving skills, with the ability to translate business requirements into clear and actionable tasks.

  • Detail-oriented mindset with a focus on delivering high-quality solutions that meet user needs and regulatory requirements.

  • Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams and stakeholders.

  • Self-motivated and proactive, with the ability to manage multiple tasks and priorities in a dynamic environment.

  • Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint, in addition to Jira and Confluence.


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:

$95,000 - $160,000

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.