Associate / Analyst Investment Risk Quant Developer, Ares Insurance Solutions (AIS)

Ares Management Corporation; New York (NY); On-site; USD 110,000 - 160,000; Full time

Job summary

A leading financial services firm is looking for an experienced developer to assist in designing a comprehensive in-house analytics platform. This role involves collaboration with various teams to support the risk and analytics needs, alongside developing models to optimize portfolios. Candidates should have strong backgrounds in quantitative modeling, particularly in Python and finance-related fields.

Benefits

Comprehensive Medical / Rx, Dental and Vision plans

401(k) program with company match

Flexible Savings Accounts (FSA)

Healthcare Savings Accounts (HSA) with company contribution

Employee Assistance Program (EAP)

Education sponsorship program

Qualifications

• 3+ years of quantitative modeling and development experience within a financial services firm.
• Experience building econometric or machine learning models is a plus.
• Excellent problem-solving abilities and high integrity.

Responsibilities

• Design and implement a comprehensive analytics platform with financial projections.
• Develop collateral cash flows, risk metrics, and implement insurance metrics.
• Collaborate with quantitative and IT resources for platform development.

Skills

Quantitative modeling

Python

SQL

Problem-solving

Education

Undergraduate and/or advanced degrees in finance, mathematics, engineering, or computer science

Tools

VS Code

Docker

Job description

The Ares Insurance Solutions team is seeking an experienced developer resource to assist in :

• Designing, implementing, and testing a comprehensive in-house Alt Credit collateral-level risk and analytics platform with financial projection, as well as portfolio and capital optimization
• Support the risk and analytics needs of the Ares Insurance Solutions team more broadly, including the maintenance and support of the above analytics platform upon the completion of its development

RESPONSIBILITIES :

• Collaborate with other Ares quantitative and IT resources for building the analytics platform, at-scale using cloud resources
• Develop and test collateral and security projected cashflows, valuations, and risk metrics, under different deterministic and stochastic scenarios
• Utilize various Python packages to develop and estimate parametric and non-parametric models for ABS collateral behavior
• Support integration of bespoke analytics with third party vendor product APIs that include, but are not limited to, Intex, AdCo, Trepp, and Conning ESG.
• Develop algorithms to process big data outputs to create informative reporting for senior leadership
• Implement and test insurance-based metrics and analytics generation based on business guidance
• Continue support and maintenance of the analytics platform, once initial build is complete
• Partner with portfolio management and other team members to support AIS analytic needs as required
• Build strong relationships with portfolio managers and members of other operational and quant teams across Ares and outside managers as needed to act as a key point of contact to prioritize and answer questions relating to investment data / analytics

QUALIFICATIONS :

• Undergraduate and / or advanced degrees in finance, mathematics, engineering and / or computer science preferred
• 3+ years of quantitative modelling and development experience within a financial services firm
• 3+ years of practical experience of model development in Python, preferably in a production environment, is essential
• Experience building econometric or machine learning models is a plus
• Experience building algorithms that solve complex global optimization problems is a plus
• Professional designations such as CFA, FRM, etc., would be viewed favorably, but not essential
• Basic understanding of modern financial mathematics (e.g. bond mathematics, Monte Carlo simulation in real and risk neutral environment, interest-rate modelling) are essential
• An understanding of bond mathematic concepts such as duration, convexity, option-adjusted spread, z-spread, spread duration, key-rate duration, interest curve building, bootstrapping, etc. are required
• SQL, Python required; experience using VS Code IDE, WSL, and shell scripting languages (e.g. bash) preferable
• Practical experience using GIT is required
• Knowledge of Docker and Cloud applications (e.g. AWS / Azure) would be viewed favorably
• An understanding of basic accounting, regulatory, risk management and strategic frameworks under which insurers operate, would be viewed favorably, but not required
• Excellent problem-solving abilities, intellectual curiosity, and experience in understanding and solving complex issues
• High level of integrity enabling the candidate to become a trusted partner to clients and peers

Reporting Relationships

Head of Risk, ALM & Capital Management, Ares Insurance Solutions

Compensation

The anticipated base salary range for this position is listed below. Total compensation may also include a discretionary performance-based bonus. Note, the range takes into account a broad spectrum of qualifications, including, but not limited to, years of relevant work experience, education, and other relevant qualifications specific to the role.

110,000-160,000

The firm also offers robust Benefits offerings. Ares U.S. Core Benefits include Comprehensive Medical / Rx, Dental and Vision plans; 401(k) program with company match; Flexible Savings Accounts (FSA); Healthcare Savings Accounts (HSA) with company contribution; Basic and Voluntary Life Insurance; Long-Term Disability (LTD) and Short-Term Disability (STD) insurance; Employee Assistance Program (EAP), and Commuter Benefits plan for parking and transit.

Ares offers a number of additional benefits including access to a world-class medical advisory team, a mental health app that includes coaching, therapy and psychiatry, a mindfulness and wellbeing app, financial wellness benefit that includes access to a financial advisor, new parent leave, reproductive and adoption assistance, emergency backup care, matching gift program, education sponsorship program, and much more.

There is no set deadline to apply for this job opportunity. Applications will be accepted on an ongoing basis until the search is no longer active.