{"id":2229238,"url":"https://alion.io/job/blackrock-treasury-associate-fx-interest-rate-hedging-pfs","title":"Treasury Associate, FX & Interest Rate Hedging - PFS","company":{"id":5262,"name":"BlackRock","domain":"blackrock.com","url":"https://alion.io/company/blackrock","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"A","score":99,"open_postings":225,"ghost_share":0,"stale_share":0.031,"repost_share":0.04,"time_to_fill_p50_days":29,"computed_at":"2026-10-30T05:48:23Z"}},"role":"Finance","role_family":"Finance","seniority":"middle","employment_type":"full_time","work_mode":"hybrid","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["New York, United States"],"countries":["US"],"hiring_countries":[],"hiring_countries_total":0,"salary":{"min":105000,"max":135000,"currency":"USD","period":"year","gross":null,"usd_annual":135000},"salary_estimate":null,"experience_years_min":3,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[{"name":"Microsoft Office","optional":false},{"name":"Power BI","optional":false}],"status":"live","first_seen_at":"2026-08-05T00:00:00Z","employer_posted_date":"2026-08-05","last_verified_at":"2026-10-30T19:18:42Z","board_verified":true,"closed_at":null,"days_open":86,"trust":{"level":"ok","repost_count":1,"flags":[],"days_open":86},"description":"About this role\nAssociate, Treasury (PFS)\nCompany Description\nHPS Investment Partners, a part of BlackRock, is a leading global, 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 offers 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.\nHPS was established in 2007 as a unit of Highbridge Capital Management, LLC (“HCM”), a subsidiary of JPMorgan Asset Management (“JPMAM”). On March 31, 2016, the senior executives of HPS acquired HPS and its subsidiaries from JPMAM and HCM (the “Transaction”.[i]Following the Transaction, JPMAM retained a passive minority investment in HPS, which was subsequently redeemed in April 2022. In June 2018, affiliates of Dyal Capital Partners made a passive minority investment in HPS. In February 2022, an affiliate of The Guardian Life Insurance Company of America made a passive minority investment in HPS, which was subsequently increased in August 2024. On July 1, 2025, BlackRock acquired the business and assets of HPS, with 100% of consideration paid in BlackRock equity (the “HPS/BlackRock Transaction”).\nThe HPS/BlackRock Transaction brings together BlackRock’s corporate and asset owner relationships with HPS’s diversified origination and capital flexibility. BlackRock and HPS have formed a new private financing solutions business unit (“PFS”) led by Scott Kapnick, Scot French, and Michael Patterson, creating an integrated franchise with approximately $370 billion in client assets, including $205 billion of private credit assets.[ii]This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally,[iii]offers broad capabilities across senior and junior credit solutions, asset-based finance, real estate, CLOs and GP-LP solutions. As part of the HPS/BlackRock Transaction, Scott Kapnick, Scot French, and Michael Patterson have joined BlackRock’s Global Executive Committee, and Scott Kapnick has been appointed as an observer to the BlackRock Board.\nDepartment Description\nThe 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.\nPosition Description\nHPS 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.\nResponsibilities\nSpecific responsibilities will include but not be limited to the following:\nReporting to the Head of Treasury and assisting in coordination of activities across the team.\n\nSupport portfolio liquidity reporting for Public Credit Trading Funds involving Prime Brokerage, Loan Facilities and structured financing vehicles.\n\nFulfill ISDA and bespoke financing reporting requirements.\n\nProvide operational support for credit trading activity.\n\nAssist AML-KYC onboarding and required documentation of new fund launches.\n\nResolve trade-related problems such as trade breaks, allocation and settlement issues.\n\nLiaise with various counterparties on treasury issues impacting the Fund’s investment portfolio.\n\nSupport daily position reconciliation, trade settlement and valuation of traded hedge assets.\n\nMaintain data integrity of internal trade capture, risk, and performance reporting systems.\n\nAssist in ad-hoc projects (Treasury Management System Onboarding, Exposure Reporting, etc.)\n\nCandidate Profile\nBachelors degree in Finance or Business related field.\n\n3+ years of work experience in credit based financial services.\n\nPositive attitude with a willingness to work hard and be on a steep learning curve.\n\nDiligence with a demonstrated problem-solving ability.\n\nMust be willing to work on, and learn, new software applications.\n\nAbility to liaise with different infrastructure Teams and Investment professionals.\n\nKnowledge of VPM, Microsoft PowerBi and Bloomberg preferred.\n\nAdhere to the highest ethical standards, personally and professionally\n\nMS Office Suite Proficiency (Excel/PowerPoint,etc.)\n\nLocation\nNew York, NY\n\nEmployment Type\nFull-time, Exempt\n\nHPS Investment Partners is an equal opportunity employer. HPS does not discriminate in employment opportunities or practices on the basis of race, national origin, color, religion, sex, age, disability, pregnancy, citizenship status, ancestry, military or veteran status, sexual orientation, gender, gender identity or expression, marital and civil partnership/union status, genetic predisposition or carrier status, or any other characteristic protected by federal, state or local law.\n\n[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.\n[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\n[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.\n\nFor 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.\nOur benefits\nTo 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.\nOur hybrid work model\nBlackRock’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.\n\nGuidance on AI use for candidates\nAt 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.\nAbout BlackRock\nAt 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.\nThis 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.\nTo 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.\nBlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression),sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View theEEOC’s Know Your Rights poster and its supplementand thepay transparency statement.\nBlackRock is committed to full inclusion of all qua...","description_format":"text","description_chars":12504,"description_truncated":true,"requirements":{"experience_years_min":3,"management_years_min":null,"team_size_min":null,"manages_managers":false,"education":{"level":"bachelor","optional":false},"security_clearance":false,"languages":[]},"benefits":["Equity","Flexible time off","Hybrid work","Life insurance","Retirement plans"],"hiring_locations":[{"name":"United States","iso":"US","kind":"country"}],"hiring_excludes":[],"relocation_offered":false,"industries":["Artificial Intelligence","Financial Services","Asset Management & Funds","Nonprofits & Foundations"],"lifecycle":[{"event":"open","at":"2026-10-10T18:08:29Z"},{"event":"close","at":"2026-10-27T03:38:15Z"},{"event":"reopen","at":"2026-10-30T05:45:48Z"}],"visa":[{"country":"US","licensed_sponsor":true,"evidence":"H-1B filings in 12 months: 22 · green card filings: 4","filings_12m":22,"filings_prev_12m":19,"green_card_filings_12m":4,"median_offered_wage_usd":146731,"route":null,"cap_exempt":false,"checked_at":"2026-10-29T16:27:21+00:00","sources":["US Department of Labor: LCA disclosure data (H-1B, H-1B1, E-3)","US Department of Labor: PERM disclosure data (green cards)"],"filings_for_role_12m":0}],"liveness":{"score":13,"band":"cold","label":"Long shot","p_open":1,"p_active":0.472,"p_room":0.28,"age_days":86,"expected_fill_days":29,"reasons":["conf:0","win:tail","crowd:brand"],"computed_at":"2026-10-30T05:48:23Z"},"pay":{"stated_usd_annual":135000,"is_top_pay":true},"html_url":"https://alion.io/job/blackrock-treasury-associate-fx-interest-rate-hedging-pfs","json_url":"https://alion.io/job/blackrock-treasury-associate-fx-interest-rate-hedging-pfs.json","meta":{"generated_at":"2026-10-30T22:34:39Z","cache_seconds":300,"methodology":"https://alion.io/methodology","terms":"https://alion.io/terms","contact":"https://alion.io/contact","api":"https://alion.io/developers","about":"Alion is a live layer of people, companies and AI agents: who they are, whether they are real and active right now, what they do and how to work with them, readable by people and by agents and paid per call.","catalog":"https://alion.io/catalog.json","usage":{"tier":"crawler_verified","counted_by":"address","units_charged":1,"used_today":13457,"day_limit":null,"remaining_today":null,"minute_limit":300,"resets_at":"2026-10-31T00:00:00Z"}},"offers":[{"id":"company.slices","title":"One company in depth, by slice","status":"live","price":{"credits":0.02,"usd":0.002,"plus_per_slice":{"credits":0.05,"usd":0.005}},"unit":"per company, plus each slice with data","note":"the employer in depth","call":{"mcp_tool":"get_company","arguments":{"id":5262},"rest":"https://alion.io/mcp/rest/get_company?id=5262"},"human":"https://alion.io/catalog?offer=company.slices&for=job%2Fblackrock-treasury-associate-fx-interest-rate-hedging-pfs"},{"id":"market.stats","title":"A market slice: pay, demand and time to fill","status":"live","price":{"credits":1,"usd":0.1},"unit":"per slice","note":"pay, demand and time to fill for this role and place","call":{"mcp_tool":"market_stats"},"human":"https://alion.io/catalog?offer=market.stats&for=job%2Fblackrock-treasury-associate-fx-interest-rate-hedging-pfs"},{"id":"job.search","title":"Open jobs by role, technology, place, pay and visa","status":"live","price":{"credits":0.02,"usd":0.002},"unit":"per posting in a list","note":"similar open postings","call":{"mcp_tool":"search_jobs"},"human":"https://alion.io/catalog?offer=job.search&for=job%2Fblackrock-treasury-associate-fx-interest-rate-hedging-pfs"},{"id":"company.verify","title":"Is this company real and active right now","status":"pilot","price":null,"unit":"per company","request":{"url":"https://alion.io/catalog/request","method":"POST","body":"{\"offer\": \"company.verify\", \"for\": \"job/blackrock-treasury-associate-fx-interest-rate-hedging-pfs\", \"note\": \"what you need it for\"}"},"human":"https://alion.io/catalog?offer=company.verify&for=job%2Fblackrock-treasury-associate-fx-interest-rate-hedging-pfs"}],"agent":{"mcp":"https://alion.io/mcp/jobs","mcp_open":"https://alion.io/mcp/open","next":[{"tool":"get_job","arguments":{"id":2229238}},{"tool":"search_jobs","arguments":{"company":"blackrock.com","detail":"compact"}},{"tool":"match_people","arguments":{"job_id":2229238},"note":"people open to offers who fit this vacancy"}],"note":"The same data through MCP tools: https://alion.io/mcp/open needs no sign-in (compact searches, postings, people); https://alion.io/mcp with an Alion account has everything. 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