Blackstone Credit & Insurance - Blackstone Corporate Bond Strategies, Junior Portfolio Manager

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 & Insurance (“BXCI”)- Corporate Bond Strategies - Junior Portfolio Manager

Employer:                              

Blackstone

Business Unit:

Blackstone Credit & Insurance

Job Title:

Analyst

Job 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.

This candidate will manage corporate bond portfolios using a systematic investment process. The candidate will be trained to interpret model portfolio outputs and to prioritize trading activity to ensure live portfolios comply with relevant constraints and are positioned to maximize exposure to alpha generation opportunities. Working with senior portfolio managers, the candidate will generate orders and allocations. The candidate will also be expected to understand and ultimately manage rate, currency and funding risks across multiple portfolios.

Responsibilities include:

• Using portfolio management tools to manage risks, prioritize and allocate trades
• Working with trading desk to assess market conditions and to formulate execution strategies
• Performing data validations and model output reviews
• Assisting with cash management, portfolio interest rate and currency hedging
• Contributing to portfolio analysis and client content generation
• Attend investment committees and liaise with various teams within Blackstone and externally to assess market and fundamental trends

Qualifications:                       

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors as well as:

• 1+ years of experience in corporate credit markets
• Prior portfolio management or trading experience
• Embrace a quantitative investment approach where trade ideas are largely model-generated
• A team player who is collaborative and works well with others
• Excellent decision-making skills and acute attention to detail
• Demonstrates a healthy respect for risk management and compliance and will adhere to the highest professional ethical standards
• Experience with Bloomberg, Excel, SQL, Python and Java
• Enthusiastic, smart, curious and eager to learn about a systematic approach to investment management
• Based in San Francisco and is expected to work market hours (5:00am start time in SF)

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