Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.
With over $192 billion in assets under management as of June 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.
Together with over 820 experienced professionals globally, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visitwww.blueowl.com.
The Role:
Blue Owl is seeking an On-Boarding Investment Operations, Vice President with a focus on new account opening and KYC process. Primary duty for this position is overseeing all new account onboarding process which includes fund launches and KYC with various counterparties and brokers. These accounts should be maintained in good order across the platform and systems as well as with any of our banking relationships to ensure active trading and no tax withholding issues.
Responsibilities:
Request for new accounts to be onboarded on third party vendor platforms such as ClearPar, LendAmend and any other banking systems.
Assist in drafting and updating new account forms with custodians, fund administrators and counterparties
Review legal documents of custody agreements, administrative agreements, fee schedules and proposals from custodians, trustees and brokers.
Set up new portfolios in company databases such as WSO and IVP using fund documents.
Coordinate and address all KYC questions from internal teams with third party vendors which includes but not limited to counterparties, loan agents, custodians and brokers.
Create new tax forms for new entities and maintain existing ones based on the latest version from IRS
Prepare administrative details for loan, public, and private settlements, admin agent wire details, operating accounts used for fund closings.
Organized and maintain Investment Operations KYC folders with formation documents, tax forms, administrative details, etc.
Maintain Authorized Signatory List for Blue Owl entities.
Qualifications:
5-10 years of experience in the financial services industry.
High level of professionalism.
Takes initiative and is solution-oriented in all interactions.
Strong problem-solving skills.
Understanding of various fund structures such as BDCs, Private Funds, CLOs and SPVs.
Excellent interpersonal skills, including oral and written communication.
Ability to multitask and effectively prioritize and manage daily, weekly, and monthly workloads.
Bachelor's degree required.
It is expected that the base annual salary range for this New York City-based position will be $140,000 to $150,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Blue Owl is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.