Blackstone Credit & Insurance - QDR-Quant – Senior Associate

Blackstone • New York, NY

3d • $160,000 - $215,000

About The Position

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.

Requirements

• Master’s degree (or foreign equivalent) in Financial Engineering, Statistics, Mathematics, or a related field required.
• Minimum of 2 years of experience in job offered or related occupations required.
• 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.

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.

Benefits

• comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits
• paid time off
• life insurance
• 401(k) plan
• discretionary bonuses

What This Job Offers

• Job Type: Full-time
• Career Level: Senior