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Type of Role: Investments

Experience Level: VP/Principal/Director

Location: New York City, New York

Salary: $225K - $250K

Blackstone Insurance Solutions (BIS) delivers Blackstone’s investment management expertise to insurers, helping those firms meet long-term policyholder obligations and drive shareholder value. BIS partners with insurers to deliver customizable and diversified portfolios of Blackstone products from our credit, real estate, and alternatives platforms, as well as the option for full, outsourced management of insurance companies’ investment portfolios.

Job Title:

Principal

Job Description:         

Blackstone Insurance Solutions (BIS) is seeking a quantitative strategist to work alongside the M&A, Asset Allocation and Client Coverage teams with a focus on Client Risk and Analytics.

The BIS Quant Strategy team builds analytics leveraged for optimizing insurance company asset allocation; measuring and managing regulatory capital; evaluating and pricing deals; and conducting asset-liability management. The team takes a systematic, quantitative approach, with a goal of producing robust, transparent, commercially effective tools and analysis.

Responsibilities:

This individual will work closely with the Acquisitions team and/or the Asset Allocation and Client Coverage teams to both develop new models and enhance existing quantitative processes. Core responsibilities may include:

  • Asset and/or Liability Modeling
    • Developing and using models of investment instruments across multiple asset classes
    • Building statistical and behavior models of insurance company liabilities
    • Creating risk management analytics to capture exposures to market, actuarial, and behavioral factors
    • Constructing portfolio optimization algorithms appropriate for the respective regulatory frameworks
  • Company-level Modeling, Risk Management, and Projection
    • Modeling and projecting the evolution of insurance company capital given assumptions of future decisions
    • Constructing risk scenarios to estimate the impact of macroeconomic events
      • Developing statistical approaches for Monte Carlo paths
  • Other
    • Partnering with Technology on efforts to automate, scale, and streamline reporting processes
    • Implementing the full-cycle of quantitative model development including comprehensive documentation
    • Management and governance of models, data, and analytics

Qualifications:

Blackstone seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition to strong analytical and quantitative skills, the successful candidate should have:

  • 7+ years of experience working within a financial engineering or quantitative strategies team
  • B.S or higher degree in Computer Science, Engineering, Mathematics, Physics, or other quantitative disciplines
  • Creative and entrepreneurial individual who enjoys working on a wide variety of projects including designing risk and return models for highly illiquid and alternative investments
  • Experience modeling asset risk and return metrics
  • Exposure to insurance capital management and actuarial science a plus
  • Strong programming skills in any general purpose programming language including C++, C#, Java, Python, Slang, etc.
  • Experience with statistical languages such as R, Matlab, etc, a plus.
  • Strong quantitative skills (e.g. stochastic calculus, numerical methods, Monte Carlo, etc.)
  • Excellent writing skills and demonstrated commitment to model documentation
  • Ability to build working relationships across various departments with individuals at different experience levels
  • Ability to clearly communicate model results to a non-technical audience

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:

$225,000 – $250,000

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.

If you need a reasonable accommodation to complete your application, please contact Human Resources at 212-583-5000 (US), +44 (0)20 7451 4000 (EMEA) or +852 3656 8600 (APAC).

 

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.