Credit Risk Analyst

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at Follow @blackstone on LinkedIn, X (Twitter), and Instagram. Blackstone Credit & Insurance Solutions – Quant, Data, Risk (QDR) Group Business Unit Business Unit Overview: Blackstone Credit & Insurance (“BXCI”) is one of the world’s leading credit investors, with investments spanning private investment grade, asset‑based lending, public investment grade and high yield, sustainable resources, infrastructure debt, collateralized loan obligations, direct lending, and opportunistic credit. BXCI also provides investment management services to insurance companies, helping them deliver for policyholders through world‑class private credit capabilities. Job Title: Associate Job Description Blackstone is seeking an Associate, Risk Analytics to help develop, enhance, and operate the firm’s investment analytics production across insurance, and public and private credit portfolios. The role combines quantitative analytics, portfolio surveillance, and investment risk monitoring in a fast‑paced, regulated environment. The successful candidate will partner closely with investment teams, clients, risk committees, technology, data engineering, and senior leadership to deliver accurate, timely, and decision‑ready risk insights across public credit, private credit, structured products, and multi‑asset portfolios. Responsibilities Risk Analytics & Framework Development Build, enhance, and maintain risk analytics for insurance, public credit, and private credit portfolios, including exposure analysis, factor sensitivities, stress testing, and scenario analysis. Oversee the production of high‑quality asset cash flow projections across multiple scenarios, balancing portfolio management assumptions with realistic downside outcomes. Integrate third‑party analytics platforms (Intex, Cardo, FactSet, Aladdin, Bloomberg) into internal risk models and reporting frameworks. Ensure accuracy, consistency, timeliness, and governance of reference data, models, and security‑level analytics across the risk platform. Stakeholder Partnership Partner with portfolio managers, deal teams, traders, and clients to deliver actionable risk insights supporting portfolio construction, hedging, and underwriting. Collaborate with quant, technology, and data engineering teams to implement scalable workflows, data lineage, access controls, and analytical tools. Train and manage offshore teams to extend analytics coverage and institutional knowledge across time zones. Work closely with performance reporting teams to align attribution frameworks with portfolio risk profiles and investment style. Client Engagement & Communication Communicate complex quantitative concepts clearly to both technical and non‑technical audiences. Engage directly with clients to understand risk objectives, deliver tailored analysis, and respond to risk‑related inquiries. 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: Bachelor’s degree in Finance, Economics, STEM, or a related field; advanced degree preferred. CFA, FRM, CAIA a plus. 4+ years of experience in investment risk, portfolio analytics, or quantitative finance, with exposure to both public and private credit. Insurance a plus. Deep understanding of corporate credit, structured credit, loans, real estate, and securitized products. Demonstrated ownership of risk analytics platforms, data workflows, and cross‑asset risk frameworks. Familiarity with regulatory, audit, and governance expectations for institutional investors. Strong proficiency with Intex, FactSet, Aladdin, PolyPaths, Bloomberg, or similar platforms. Strong SQL skills; Python proficiency preferred. Experience with BI and reporting tools (e.g., Sigma) and data catalog or lineage platforms. 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 $120,000 - $150,000. 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. Benefits Medical, dental, vision, and FSA benefits Paid time off Life insurance 401(k) plan Discretionary bonuses Certain employees may also be eligible for equity and other incentive compensation at Blackstone’s sole discretion. Legal and Compliance 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. Equal Employment Opportunity 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. Accommodation If you need a reasonable accommodation to complete your application, please contact Human Resources at View phone number on click.appcast.io (US), View phone number on click.appcast.io (EMEA) or View phone number on click.appcast.io (APAC). Company Culture At Blackstone, we look to attract and retain the brightest minds in the business, hiring professionals across a wide range of disciplines. Our employees are integral to the firm’s identity, contributing to a culture of integrity, professionalism and excellence. It is their dedication and passion for their work that has helped Blackstone become a trusted partner for some of the largest institutional investors in the world. We encourage independent thinking and reward initiative, while providing services to help employees grow professionally. Our global business platform and brand reputation provide an unparalleled launch pad for growing your career. #J-18808-Ljbffr