Associate, Product Control & Solutions

July 24, 2026

Location: Mumbai, Maharashtra Team: PFS Job Requisition #: R265374 Date posted: Jul. 20, 2026

Job description

About this role ompany Description HPS 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.

HPS 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”). 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”).

The 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.This combined platform, which has more than 590 investment professionals and approximately 1,300 employees globally, 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.

Position Description

HPS is seeking to recruit an Associate to join the Product Control & Solutions team. The role focuses on ensuring accurate financial reporting, mitigating operational risk, and supporting process improvement initiatives across the firm. The candidate will act as a trusted point of contact and resource for various high impact reconciliations, while collaborating with technology teams to enhance workflows.

Responsibilities

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

Perform reconciliation of Fee Basis Invested Cost (FBIC) and Profit & Loss (PnL) with administrators; Investigate discrepancies and escalate issues as needed; Contribute to the enhancement of the process
Maintain and monitor various operational risk alerts to identify booking errors or anomalies; Contribute to the creation of additional alerts, while also improving the existing ones
Conduct independent investigations in respective accounting systems (VPM or FM3) and escalate findings appropriately
Compile and distribute the daily flash report firmwide, highlighting return metrics and significant PnL swings; investigate large movers (contributors and deflectors as well as portfolio level activity)
Support End-of-Day (EOD) review processes to identify booking issues and coordinate resolution; maintain high impact trackers to capture operational risks and present the findings to the Global Head of Operations Monthly
Liaise with multiple internal groups such as accounting, middle office, asset management to resolve open queries and perform additional responsibilities as required to support team objectives.
Collaborate with technology teams on automation and workflow enhancements; Execute User Acceptance Testing (UAT), including scenario testing and error resolution before production release
Manage inbox and follow up on flagged issues to ensure timely resolution

Candidate Profile