Risk & Quantitative Strats - Private Financing Solutions, Pfs

About this role

HPS Investment Partners is a credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients

Position Description

PFS is seeking an Associate/Vice President level individual to join our Risk & Quant Strat (RQS) team in Mumbai. The VP/Associate will support the day-to-day business-as-usual (BAU) operations of the Quant Credit pod within the Private Financing Solutions (PFS) Risk function. The role will help ensure that recurring credit analytics, portfolio monitoring and reporting processes are completed accurately and on schedule. A core focus will be data quality assurance through structured reconciliations, exception investigation, documentation and coordination with business, risk, data and technology stakeholders. The VP/Associate will also support business requests, process improvements and project delivery across private credit risk workflows.

Responsibilities

Specific responsibilities will include but not be limited to the following:

BAU Operations & Process Execution

• Execute and coordinate recurring Quant Credit pod processes, including data preparation, validation, portfolio monitoring and reporting activities.
• Maintain process calendars, checklists, trackers and operating documentation to ensure deliverables are completed accurately and on time.
• Monitor daily and periodic workflows, identify exceptions or breaks, and coordinate timely follow-up with the appropriate stakeholders.
• Serve as a dependable point of contact for routine process questions, status updates and operational support.

Data Quality Assurance & Reconciliations

• Perform recurring reconciliations across source systems, databases, analytical outputs and reporting files to assess accuracy, completeness and consistency.
• Investigate data mismatches, missing records, stale inputs and other exceptions; document findings and support root-cause analysis and remediation.
• Maintain clear evidence of data checks, exceptions, resolutions and approvals to support control, governance and auditability requirements.
• Track data-quality issues and trends, escalate material exceptions, and follow through with business and technology teams until resolution.
• Support testing and validation of data changes, process enhancements and model or reporting updates before production use.

Credit Analytics & Business Support

• Support recurring credit-risk analytics and portfolio monitoring, including rating migration, downgrade-risk and related surveillance metrics.
• Prepare analyses, management information, presentation materials and status updates for business and risk stakeholders.
• Respond to ad hoc data and analytical requests by gathering requirements, validating outputs and communicating results clearly.
• Develop a practical understanding of private credit portfolios, underlying data, analytical methodologies and downstream reporting requirements

Projects, Process Improvement & Stakeholder Coordination

• Support projects from requirements gathering and planning through testing, implementation and post-launch monitoring.
• Coordinate actions, milestones, risks, dependencies and decisions using project-management tools such as Asana or JIRA.
• Work with business, risk, data and technology teams to translate operational needs into clear requirements and practical solutions.
• Identify opportunities to simplify, standardize or automate recurring workflows using Excel, SQL and, where applicable, Python.
• Leverage AI-enabled tools, such as Microsoft Copilot, to streamline recurring workflows, reduce manual effort, identify and alleviate operational bottlenecks, and improve overall process efficiency.
• Prepare concise process documentation, user guides, meeting materials and presentations to support stakeholder alignment and adoption

Qualifications:

• Bachelor's degree in Business, Finance, Economics, Statistics, Mathematics, Engineering, Computer Science or a related field;
• 3-6 years experience at Associate level and 7+ years experience for a VP in project management, process management, operations, data quality, risk analytics or a related business-support function.
• Working knowledge of statistics and credit-risk concepts, including rating migration and downgrade risk.
• Advanced Microsoft Excel and PowerPoint skills, with practical experience using Python and SQL.
• Intermediate to advanced proficiency with project-management tools such as Asana or JIRA.
• Excellent coordination, written and verbal communication, and presentation skills.
• Strong organizational ability, attention to detail and analytical problem-solving skills.
• Demonstrated ability to work autonomously, manage competing priorities and deliver with limited handholding.
• Hands-on experience with Python or another programming language preferred.
• Experience performing data reconciliations, investigating exceptions or supporting data-control frameworks preferred.
• Demonstrated experience using AI tools, such as Microsoft Copilot, to improve process efficiency, automate repetitive tasks, and resolve operational bottlenecks preferred.
• Exposure to private credit, investment operations, risk management, credit analytics or financial-services data preferred.
• Experience supporting workflow automation, user acceptance testing, reporting enhancements or technology-enabled change preferred.
• CFA Charter holder preferred
  

Location:

• Mumbai, India
• undefinedHybrid Work Schedule:4/1 split (Friday WFH)
  

Our benefits

To 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 model

BlackRock’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 candidates

At 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.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being.  Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.

BlackRock is proud to be an Equal Opportunity Employer.  We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.