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