The Liquid Credit Strategies Team (“LCS”) manages $123B in AUM across a wide array of funds and accounts in the US and Europe, including CLOs, separately managed accounts, commingled funds, and registered funds. Blackstone is the largest global CLO and loan manager, with an integrated CLO platform that has issued over 150 BSL CLOs since inception in 2001.
Primary responsibilities will include:
Construct model portfolios and generate secondary trade programs that enhance portfolio returns and optimize key CLO metrics using proprietary portfolio optimizer
Monitor portfolio risk, constraints, and compliance with CLO documentation; generate relative value trade ideas to improve portfolio characteristics
Track CLO manager trends and market developments to inform modeling assumptions and benchmark portfolio positioning against the broader market
Assist with broader day-to-day portfolio management needs
Qualifications:
Required
2+ years of experience at a bank or buy-side asset manager, with a focus on CLOs or leveraged finance
Demonstrated experience in CLO portfolio management, analytics, or structuring
Bachelor’s degree required, preferably in a quantitative discipline
Experience working with data analysis and large datasets
Proven collaboration in fast‑paced investment environments, with strong communication, teamwork, problem‑solving skills and high attention to detail.
Preferred
Understanding of CLO structures, indentures, and relevant portfolio tests
Experience with portfolio construction, relative value analysis, and structured credit analytics
Advanced quantitative or coding capabilities (Python preferred) and strong Excel proficiency
Experience translating complex analytics into actionable portfolio decisions and trade recommendations
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:
$160,000 - $200,000
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 and benefits offered in connection with the roleconsist of comprehensive health benefits, including but not limited to medical, dental, vision, and FSA benefits; paid time off; life insurance; 401(k) plan; and discretionary bonuses. Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion.
