Blackstone Insurance Solutions - Quantitative Strategist, Associate

Job Description:

Job Title: Blackstone Insurance Solutions -Quant Strategist, Associate

Employer:

Blackstone

Firm Profile:

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 $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, 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 Twitter @Blackstone.

Business Unit:

Blackstone Insurance Solutions

Blackstone Insurance Solutions Overview:

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:

Associate

Job Description:

Blackstone Insurance Solutions is seeking an experienced quantitative strategist to work alongside the M&A and Asset Allocation teams.

The BIS Quant Strategy team builds analytics 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 team 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. The successful candidate should have:
  • 3+ years of experience working within a financial engineering or quantitative strategies team
  • B.S or higher degree in Computer Science, Engineering, Mathematics, 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, etc.
  • Experience with statistical languages such as R, Matlab, etc.
  • 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


All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, disability, sexual orientation, national origin or any other category protected by law.

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).

The Blackstone Group and its affiliates provide equal employment opportunity to all qualified employees and applicants for employment regardless of 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 classification prohibited by applicable law.

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