About this roleAssociate, Treasury (PFS) Department Description The Treasury team sources and negotiates bespoke financing for Illiquid Private Credit investments (aka Single Asset Financing). They are also responsible for mitigating the impact of currency and interest rate volatility on investments, overseeing all currency, interest rate hedging, and ensuring compliance with regulatory obligations. The Treasury team works closely with Investment teams, Deal Execution, Fund Accounting and Fund Finance teams to ensure liquidity management and optimization of resources.
Position Description HPS is currently seeking to recruit an Associate level candidate to join the Treasury team in New York to support the PFS platform. The role will include operational support for credit trading activity.
Responsibilities Specific responsibilities will include but not be limited to the following:
- Reporting to the Head of Treasury and assisting in coordination of activities across the team.
- Support portfolio liquidity reporting for Public Credit Trading Funds involving Prime Brokerage, Loan Facilities and structured financing vehicles.
- Fulfill ISDA and bespoke financing reporting requirements.
- Provide operational support for credit trading activity.
- Assist AML-KYC onboarding and required documentation of new fund launches.
- Resolve trade-related problems such as trade breaks, allocation and settlement issues.
- Liaise with various counterparties on treasury issues impacting the Fund's investment portfolio.
- Support daily position reconciliation, trade settlement and valuation of traded hedge assets.
- Maintain data integrity of internal trade capture, risk, and performance reporting systems.
- Assist in ad-hoc projects (Treasury Management System Onboarding, Exposure Reporting, etc.)
Candidate Profile - Bachelors degree in Finance or Business related field.
- 3+ years of work experience in credit based financial services.
- Positive attitude with a willingness to work hard and be on a steep learning curve.
- Diligence with a demonstrated problem-solving ability.
- Must be willing to work on, and learn, new software applications.
- Ability to liaise with different infrastructure Teams and Investment professionals.
- Knowledge of VPM, Microsoft PowerBi and Bloomberg preferred.
- Adhere to the highest ethical standards, personally and professionally
- MS Office Suite Proficiency (Excel/PowerPoint,etc.)
LocationEmployment Type [i] Prior to the Transaction, HPS was a subsidiary of HCM, which is a subsidiary of JPMAM, which in turn is a subsidiary of JPMorgan Chase & Co. (together with its affiliates, "JPM"). Immediately following the closing of the Transaction, the portfolio managers and other HPS employees responsible for the investment activities of HPS separated from JPM and continued to be employees of HPS. HPS is no longer deemed affiliated with JPM.
[ii] AUM for PFS as of September 2, 2025.Note:Effective July 1, 2025, HPS became part of BlackRock. Effective September 2, 2025, Elm Tree Funds became part of BLK and is included within HPS funds. Headcount as of date varies given recent closings of transactions. All AUM of June 30, 2025, except BlackRock non-CLO Leveraged Finance assets (as of August 2025). Represents pro forma combined AUM of HPS funds and BlackRock funds that form Private Financing Solutions ("PFS") as of June 30, 2025. AUM of heritage HPS private credit funds, related managed accounts and certain other closed-ended liquid credit funds represent capital commitments during such funds' investment periods and, post such funds' investment periods, the cost of investment or latest available net asset value (including fund-level leverage but in all cases capped at capital commitments). AUM of liquid credit open-ended funds and related managed accounts other than CLOs represent the latest available net asset value. AUM of CLOs and warehouses represent the par value of collateral assets and cash in the portfolio. AUM of business development companies represents net asset value plus leverage (inclusive of drawn and undrawn amounts) as of the prior month-end. AUM of ElmTree Funds represents the gross assets plus uncalled commitments over a fund's life with the exception of ElmTree Unity Debt Fund, LP which represents total commitments of the fund. AUM strategy is assigned at the fund level based on target strategy allocations. The AUM for heritage BlackRock funds is calculated as follows: (i) for evergreen funds, commingled funds and mandates in their investment period: as the sum of fee-paying and any non-fee-paying client commitments, and the maximum permissible leverage for any levered vehicles; (ii) for commingled funds and mandates in runoff: as the aggregate of each fund's net asset value, any unfunded commitments to portfolio companies, and drawn leverage as of the reporting date, if any; and (iii) for semi-liquid funds: as the aggregate of each fund's net asset value. In all cases, AUM is inclusive of internal BlackRock allocations. The AUM figures are presented in US dollars
[iii] Effective July 1, 2025, HPS became part of BlackRock. Effective September 2, 2025, Elm Tree Funds became part of BLK and is included within HPS funds. Headcount as of date varies given recent closings of transactions.
For New York, NY Only the salary range for this position is USD$105,000.00 - USD$135,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.
Our benefitsTo help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work modelBlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
Guidance on AI use for candidatesAt BlackRock, AI has long been part of how we work - enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we've provided
guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
