Blackstone Credit & Insurance - QDR-Quant – Senior Associate

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. 

Business Group: Blackstone Credit & Insurance
 

Business Group Overview: 

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.

Job Title: Blackstone Credit & Insurance - QDR-Quant – Senior Associate

Job Responsibilities:

• Develop and use models of investment instruments across multiple asset classes.
• Build statistical and behavior models of insurance company liabilities.
• Create risk management analytics to capture exposures to market, actuarial, and behavioral factors.
• Construct portfolio optimization algorithms appropriate for the respective regulatory frameworks.
• Model and project the evolution of insurance company capital given assumptions of future decisions.
• Construct risk scenarios to estimate the impact of macroeconomic events.
• Develop statistical approaches for Monte Carlo paths.
• Partner with Technology on efforts to automate, scale, and streamline reporting processes.
• Implement the full-cycle of quantitative model development including comprehensive documentation.
• Manage and govern models, data, and analytics.
• Perform other duties as needed.

Qualifications:

Education:

• Master’s degree (or foreign equivalent) in Financial Engineering, Statistics, Mathematics, or a related field required.

Experience:

• Minimum of 2 years of experience in job offered or related occupations required.

Experience:

• Minimum of 2 years of experience with graph-based programming platform like Slang or SecDB; with advanced machine learning techniques and statistical tools.
• Minimum of 2 years of experience with specialized python modules like sklearn, tensorflow, cvxpy, statsmodels etc.
• Minimum of 2 years of experience strong proficiency with SQL and python.
• Minimum of 2 years of experience working in code versioning systems like Github and CVS.
• Minimum of 1 year of experience working with Big Data infrastructure tools like Hadoop, Spark and Pyspark.
• Experience can be concurrent.

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:

$160,000 - $215,000

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.