Blackstone Credit & Insurance (“BXCI”), Systematic Investing Strategies, Junior Portfolio Manager

Blackstone

San Francisco, CA, USA
Posted on May 6, 2024

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 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.
Blackstone Credit & Insurance (“BXCI”)- Systematic Strategies – Junior Portfolio Manager

Employer:                              

Blackstone

Business Unit:

Blackstone Credit & Insurance

Job Title:

Associate

Job Description:        

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:

  • 2+ 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 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 - $175,000

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.

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.

Company logo

FREE RESOURCES

Get My Best Growth Equity Interview Tips

No spam ever, unsubscribe anytime