BXCI, Asset Allocation, Managing Director in London

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.

Business Unit Overview: Blackstone Credit and Insurance delivers Blackstone’s investment management expertise to insurers, helping those firms meet long-term policyholder obligations and drive shareholder value. Blackstone partners with insurers to deliver customizable and diversified portfolios of Blackstone products across our credit, real estate, asset-based finance, and alternatives strategies, as well as the option for full, outsourced management of insurance companies’ investment portfolios.

The Asset Allocation Managing Director will be a key member of Asset Allocation Team within the Office of the CIO, responsible for delivering Blackstone’s investment management expertise and products to insurance companies. The Managing Director will help drive the asset allocation strategy of the various portfolios, bringing together – in a unified, integrated fashion – all of the existing investment capabilities around across the firm for our insurance company clients.

Primary responsibilities include:

• Building and managing a multi-asset class investment solutions capability by collaborating with Blackstone’s portfolio managers to construct tailored multi-asset product offerings for insurers globally.
• Developing strong relationships with the asset management teams across the platform to gain a deep understanding of Blackstone’s collective investment capabilities.
• Developing strong relationships with key decision makers at our insurance company clients.
• Reviewing and monitoring of investment performance, portfolio risk characteristics, and compliance with client investment policies and guidelines.
• Helping oversee the drafting of investment memos, presentations and marketing materials for potential and existing BIS clients on potential investment options as well as regulators and rating agencies on diligence requests.
• Constructing detailed financial models and valuation analyses.
• Conducting insurance industry research and analysis.

Qualifications: The successful candidate will have strong expertise managing/advising portfolios across the complete array of investment asset classes. Ideally, he or she will have both public and private markets experience, as well as deep understanding of regulatory, ALM, and risk considerations for insurers, bringing a strong foundation in alternative asset classes and global investment opportunities.

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:

• 12+ years of professional experience; prior investment banking, insurance, or asset management experience preferable.
• Strong expertise across the corporate and structured credit market.
• Strong accounting and financial modeling skills.
• Excellent interpersonal and communication skills, both written and verbal.
• Ability to work well in a lean team environment.
• Strong work ethic, intellectual curiosity, good judgment, and positive attitude.

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.

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.

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.

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.

To submit your application please complete the form below. Fields marked with a red asterisk * must be completed to be considered for employment (although some can be answered "prefer not to say"). Failure to provide this information may compromise the follow-up of your application. When you have finished click Submit at the bottom of this form.