Blackstone Credit & Insurance -BCBS, Quantitative Researcher, Senior Associate

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 $1.1 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, X, and Instagram.

Blackstone Credit and Insurance – BCBS, Quantitative Researcher, Senior Associate

Business Description:

Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors. Our investments span the credit markets, including private investment grade, asset based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending and opportunistic credit. We seek to generate attractive risk-adjusted returns for institutional and individual investors by offering companies capital needed to strengthen and grow their businesses. BXCI is also a leading provider of investment management services for insurers, helping those companies better deliver for policyholders through our world-class capabilities in investment grade private credit.

Blackstone Corporate Bond Strategies (BCBS) is the business unit within Blackstone Credit and Insurance responsible for managing over $40 Billion of corporate bond portfolios across Investment Grade and High Yield mandates around the globe. The BCBS team is an industry-leading systematic investment manager in the credit space.

Job Description & Responsibilities:

The researcher role helps to build and manage systemic investment portfolios as part of a high-performing investment team. The candidate will work alongside senior researchers and portfolio managers to support and manage our existing investment models and portfolios, to deliver new product development and client-driven analysis; and to conduct impactful market, model, and performance research, diagnostics, and analysis. The candidate will help develop new credit signals, models, and products and is expected to take an important role in putting together materials for both external and internal clients.

Responsibilities will include:

• Data validation, analytics, and model output review

• Portfolio and risk analysis

• Signal development and competitor research

• Portfolio optimizations and calibration

• Trading research and modeling

• Modeling hedging exposures and PnL

• Assisting with client reporting, client content, and performance and attribution analysis

• Market analysis and helping to manage our reporting on market news and events

• Using and creating model management tools to identify risks and prioritize research

• Developing dashboards and interactive GUI that can help with portfolio management

• Product development and support, partnering with client development

• Partnering with PMs and operation support as needed

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, insightful, and have demonstrated excellence in prior endeavors. 

The candidate should have strong systematic thinking and analytical skills, be comfortable working independently to find solutions that support scaling our business, have experience building signals and systematic portfolios, collaborate well with a team, possess relevant markets knowledge, and bring focus and initiative to the role.

In addition to strong analytical skills, the successful candidate should have:

• At least 2+ years of relevant experience working with systematic portfolios and portfolio analysis

• Prior experience with large data sets and sophisticated analysis

• Domain experience with credit and rates

• The candidate is expected to be enthusiastic, thoughtful, curious, and proactive

• Strong communication skills with experience presenting to internal and external stakeholders

• The candidate is a team player who is interested in working in collaboration with others

• The candidate will have excellent decision-making skills, and a focused attention to detail

• The candidate will demonstrate a healthy respect for risk management and compliance and will adhere to the highest ethical standards

• The ideal candidate has significant experience with programming and Python, SQL, and Excel.

• The candidate will be well versed in using AI foundational models, machine learning and neural networks will be a plus

• The candidate will be based in New York or San Francisco; there is no remote option

San Francisco Applicants: Blackstone will consider for employment qualified applicants with arrest and conviction records, consistent with the San Francisco Fair Chance Ordinance.

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:

$150,000 - $200,000

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 and benefits offered in connection with the role consist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s 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.