Vice President – BXCI Operational Risk & Third-Party Risk Management

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram. 

Role overview:

• The Vice President, Operational Risk & Third-Party Risk Management will lead the centralized operational risk execution framework supporting the Enterprise Risk function across multiple business units, including Liquid Credit, Private Credit, and Multi Asset Credit / Investment & Asset Based Credit.
• This individual will partner closely with onshore business-aligned Risk Leads who maintain primary accountability for risk oversight within their respective businesses. The VP will be responsible for driving consistent execution, governance, reporting, and operationalization of the enterprise operational risk framework through a scalable offshore operating model supported by a Center of Excellence (COE) team.
• The role will oversee core operational risk management activities including incident management, key risk indicators (KRIs), data quality and governance issues, risk and control assessments, remediation tracking, third-party risk coordination, and enterprise risk reporting. The individual will play a critical role in establishing process discipline, governance standards, and management reporting across the risk organization.

Key Responsibilities:

Operational Risk Framework Leadership

• Lead day-to-day execution of the enterprise operational risk framework.
• Drive consistency, standardization, and quality across operational risk processes and deliverables.
• Partner with onshore Risk Leads to support business-specific risk oversight activities while maintaining enterprise-wide governance standards.
• Develop scalable operating procedures, governance routines, and risk management processes.

Third-Party Risk Management

• Support risk assessments, due diligence processes, issue tracking, remediation activities, and ongoing monitoring.
• Maintain governance reporting and escalation processes related to third-party risks.

Risk & Control Assessments

• Oversee execution of Risk and Control Matrices (RACMs).
• Ensure risks, controls, and mitigation activities are documented consistently across business units.
• Drive identification of control gaps and remediation plans.
• Coordinate periodic control testing and evidence collection activities with the COE team.

Incident & Issue Management

• Manage operational incident intake, triage, escalation, root cause analysis, and reporting processes.
• Oversee issue management and remediation tracking across identified operational risk events and control deficiencies.
• Ensure timely escalation of material risks and overdue remediation activities.
• Support governance committees and management reporting related to incidents and issues.

KRIs, Metrics & Reporting

• Lead development and maintenance of enterprise KRIs, operational risk metrics, and dashboards.
• Establish reporting standards and governance routines across businesses.
• Identify emerging trends, concentrations, and operational risk themes through data analysis and reporting.
• Prepare materials for senior management, risk committees, and governance forums.

Team Leadership & Operating Model Management

• Lead and develop an offshore operational risk execution team and associated COE resources.
• Establish clear roles, service delivery standards, and performance expectations across the offshore model.
• Drive operational excellence, continuous improvement, and process optimization initiatives.
• Foster strong collaboration with onshore stakeholders and cross-functional partners.

Qualifications & Attributes:

• Bachelor’s degree in Finance, Accounting, Business, Risk Management, or related field.
• 10+ years of experience in operational risk management, enterprise risk, internal controls, audit, or related disciplines within financial services or asset management.
• Strong understanding of operational risk frameworks, governance practices, and control environments.
• Experience managing or coordinating third-party risk management programs.
• Demonstrated experience with RACMs, incidents, KRIs, issue management, and remediation governance.
• Experience operating within global delivery or offshore/onshore operating models preferred.
• Strong project management, organizational, and stakeholder management skills.
• Excellent analytical, communication, and executive reporting capabilities.
• Experience working across complex investment management businesses preferred, including credit and alternative investment platforms. Demonstrated strong time management by prioritizing work effectively and delivering high-quality outputs within agreed deadlines

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.

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 contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

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.