Blackstone Data Science Alternative Data Quantitative Researcher - Analyst / Associate
Job Description: Firm Overview:
Blackstone is one of the world's leading investment firms. 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 asset management businesses, with $554 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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. Team:
Blackstone Data Science Team Description:
Blackstone Data Science ("BXDS") is the firm-wide team that uses advanced analytics and statistical methods to make us better investors and business operators. Integrated into our investing groups, we focus on data-driven questions that matter to business and can be solved through the application of data analysis, statistics, computer programming, and machine learning. We develop insights through alternative datasets and analytical methods to help fill in gaps in our understanding of specific assets and markets, as well as help source new investment and partnership opportunities.
BXDS is part of the firm's Portfolio Operations Group. In private equity, BXDS works hand-in-hand with deal teams to identify potential sources of corporate value that could be quantified and underwritten through data science. In our portfolio companies, we drive operating efficiencies and create incremental and new revenue streams by working directly with our management teams. In real estate, we work alongside deal teams to evaluate attractiveness of local markets based on novel datasets and proprietary geospatial models.
We are a team of data scientists, engineers, and strategists that analyzes complex datasets, develops predictive and analytical models, builds production-quality data flows, and advises on smarter data utilization. We sit at the intersection of quantitative and investment analysis, and focus only on projects that "move the needle." You will have the opportunity to work directly with senior management at Blackstone as well as with top executives from our portfolio companies. If you enjoy fast-paced, stimulating quantitative work with tangible business impact, BXDS may be a good fit for you. Job Title:
Alternative Data Quantitative Researcher - Analyst / Associate Job Description:
Blackstone is looking to hire a passionate data scientist/quantitative researcher to be an integral member of BXDS focused on analyzing, organizing, and deriving value from alternative data. Alternative data is used to drive investment research and/or advance corporate intelligence and refers to data that is not from traditional sources (financial statements, management presentations, etc.).
You will play a key role in accelerating a data-driven evolution within Blackstone and its portfolio companies using these innovative sources of information. You will also have the opportunity to work directly with our portfolio company management teams to identify and procure datasets with potential for novel uses.
The ideal candidate is a data practitioner who has experience working with diverse sets of structured and unstructured non-traditional datasets. You will need to understand and own all steps of the data analysis process, including building data pipelines, cleansing dirty and unstructured data, data tagging, feature engineering, mapping, normalization, and visualization. You will employ traditional statistical modeling as well as advanced machine learning-based approaches to data wrangling and curation. You will be responsible for independently exploring and working with a portfolio of datasets and will creatively evaluate them for business and financial market insights.
Prior experience working directly with alternative data in quantitative research at a hedge fund, business consultancy, data vendor, or data aggregator/reseller is strongly preferred. Qualifications include:
- Undergraduate degree required
- 2-5 years of relevant experience in a data-driven professional setting
- Proficiency in programming and querying languages including Python and SQL
- Strong familiarity with big data analytical techniques, machine learning, and cloud technologies
- Foundation in statistics and mathematics
- Comfortable working with, and combining, disparate and diverse data sources
- A strong intuition for analytical methodologies and desire to solve novel technical challenges
- Excellence in balancing multiple projects and efficiently meet goals in a fast-paced environment
- Strong written and verbal communication
- Ability to work independently as well as on a team
- No previous experience in the financial services industry is required
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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