Blackstone Credit & Insurance - CLO Investing, Associate

Blackstone; New York (NY); On-site; USD 105,000 - 160,000; Full time

Job summary

An established industry player is seeking a motivated Associate to join their CLO Investment team. This role offers a unique opportunity to engage in portfolio management functions and collaborate with CLO Management and Structuring teams. The ideal candidate will possess strong analytical skills and a background in trading or research within CLOs. You will be instrumental in executing portfolio strategies and monitoring market trends, contributing to the organization's success in delivering attractive risk-adjusted returns. Join a dynamic environment where your expertise can flourish and make a significant impact on investment outcomes.

Qualifications

• 2+ years experience in portfolio management or trading, particularly in CLOs.
• Strong technical skills, especially in Excel and Python.

Responsibilities

• Execute and monitor portfolio strategy and positioning.
• Assist in generating trade ideas and investment rationales.

Skills

Portfolio management

Trading

Research

Structuring experience in CLOs

Excel proficiency

Python programming

Interpersonal skills

Communication skills

Detail-oriented

Desire to learn

Education

Bachelor's Degree

Tools

Excel

Python

Job description

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, Twitter, and Instagram.

Blackstone Credit & Insurance - Liquid Credit Strategies, CLO Investment Associate

Employer: Blackstone

Business Unit: 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.

The Liquid Credit Strategies Team (“LCS”) manages $114 in AUM across diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans and high yield bonds of non-investment grade companies. The group manages and sub-advises funds accounts in the US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

Job Title: Associate

Job Description: The Associate will be part of the CLO Investment team and responsible for assisting with all of the portfolio management functions. This is a great opportunity to be a part of large buy-side CLO Investment Manager. The Associate will also benefit from working in tandem with the CLO Management and Structuring teams.

Responsibilities will include:

• Helping to execute and monitor overall portfolio strategy and positioning, including by reporting on all portfolios
• Assisting team members in generating trade ideas and investment rationales across multiple strategies
• Ongoing surveillance of market color / deal pipelines via direct contact with dealers/arrangers.
• Performing regular manager due diligence meetings and calls
• Assisting with all daily investment activities, including reporting, cash management, performance monitoring and trading.

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent, and have demonstrated excellence in prior endeavors. In addition, the successful candidate must also meet the following qualifications:

• At least 2 years of Portfolio management, trading, research, or structuring experience in CLOs
• Strong technical skills – must be highly proficient in Excel
• Additional programming experience, specifically Python/databases, a plus
• Strong interpersonal and communication skills
• Hardworking, detail oriented and prepared to work in a dynamic environment
• Must have a desire to learn and grow in the role
• Minimum required education: Bachelor's Degree

Expected annual base salary range: $105,000 - $160,000. 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.

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 email Human Resources at [e-mail].

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.