Blackstone Credit - Quantitative Solutions, Associate

Company: myGwork
Location: New York
Posted on: January 26, 2023

Job Description:

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 $941 billion 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 .

Business Unit:
Blackstone Credit
Business Unit Overview:
Blackstone Credit is one of the world's largest credit-focused asset managers, with $230 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.
Job Title:
Associate

Job Description/Responsibilities:
Blackstone Credit's (BXC) Quantitative Solutions team is a project-based team which works directly with BXC's various investment teams to improve all aspects of the investment process. The successful candidate will conduct in-depth quantitative analysis of current and prospective investment utilizing a wide variety of datasets, both proprietary and third party. The successful candidate will oversee developing and supporting portfolio analytics tools and portfolio management tools. The successful candidate will work closely with investment groups to provide quantitative solutions for business objectives, and provide key, differentiated insights and approaches to problems. The candidate will have an opportunity to partner with members of Blackstone's Data Science Team, which is Blackstone's firm-wide team focused on data science, big data, and advanced analytics. The ideal candidate will have prior experience in a quantitative or risk analytics role, working within or alongside a portfolio management team. This position requires working closely with senior leadership to help enhance the effectiveness of the overall investment management process.
Qualifications:
Blackstone Credit seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong qualitative and quantitative skills, the successful candidate should have:
Degree in a quantitative field, such as computer science, financial engineering, mathematics, statistics, data science, or economics

At least 3 years of relevant experience in portfolio management, mathematical modelling/ or risk analytics, preferably for a credit manager

Prior experience in Python, SQL, Tableau. Beacon experience a plus. User interface experience a plus.

Experience with alternative datasets

Extensive experience with analytical methodologies and desire to solve novel technical challenges

Excellence in balancing multiple projects and efficiently meet goals in a fast-paced environment

Strong written and verbal communication

Ability to work independently as well as on a team

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:
$120,000 - $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 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.

This employer is a corporate member of
myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals,
students, inclusive employers & anyone who believes in workplace equality.

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