Associate/Sr. Associate - Investment Risk Analyst, Ares Insurance Solutions (AIS)

Ares Management; New York (NY); On-site; USD 130,000 - 175,000; Full time

Benefits offered by this job

Medical/Dental/Vision benefits

401(k) with company match

Flexible Savings Account (FSA)

Job summary

Ares Management is seeking a qualified risk modelling and analytics professional for the Insurance Solutions team in New York. You will perform asset stress testing and cash flow projection analytics on our proprietary insurance analytics platform for regulatory, actuarial valuation, and ALM needs, and support AIS analytics across the portfolio.

The role requires Python and SQL expertise, 3+ years of experience, and familiarity with Postgres, Databricks, VS Code, shell scripting and Git.

Qualifications

• Undergraduate and/or advanced degrees in finance, mathematics, engineering and/or computer science preferred.
• 3+ years of risk modelling and development experience within a financial services firm.
• 3+ years of practical development experience in Python, preferably in a production environment, is essential.
• Basic understanding of modern financial mathematics (bond mathematics, Monte Carlo simulation, interest-rate modelling).
• SQL, Python required; experience using Postgres, Databricks, VS Code IDE, and shell scripting languages preferable.
• Practical experience using GIT is required.

Responsibilities

• Provide asset stress testing and cash flow projection analytics on proprietary Ares insurance analytics platform for all insurance regulatory, actuarial valuation, and ALM needs.
• Support investment analytics and data needs for regulatory filings in various jurisdictions.
• Test new asset models’ projected cashflows, valuations, and risk metrics, under different deterministic and stochastic scenarios.
• Executing processing of big data outputs to create informative reporting for senior leadership.
• Test insurance-based metrics and analytics generation based on business guidance.
• Continue support and maintenance of the analytics platform / recurring regulatory deliverable processes.
• Compile documentation for asset models and be able to confidently explain to other business leaders and stakeholders within the insurance company.
• 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

Skills

Python

SQL

PostgreSQL

Databricks

VS Code

Shell scripting

Git

Financial mathematics

Monte Carlo

Risk modelling

Education

Finance/Math/Engineering/CS degree

CFA/FRM designation favorable

Tools

GIT

Job description

Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

• Perform asset stress testing and cash flow projection analytics on proprietary Ares insurance analytics platform for all insurance regulatory, actuarial valuation, and ALM needs
• Support the risk and analytics needs of the Ares Insurance Solutions team more broadly, including the maintenance and support of the above analytics platform and associated data, process and pipelines
• Support testing of comprehensive in-house analytics platform/models as required when onboarding new asset models

Responsibilities

• Provide asset stress testing and cash flow projection analytics on proprietary Ares insurance analytics platform for all insurance regulatory, actuarial valuation, and ALM needs
• Support investment analytics and data needs for regulatory filings in various jurisdictions
• Test new asset models’ projected cashflows, valuations, and risk metrics, under different deterministic and stochastic scenarios
• Executing processing of big data outputs to create informative reporting for senior leadership
• Test insurance-based metrics and analytics generation based on business guidance
• Continue support and maintenance of the analytics platform / reoccurring regulatory deliverable processes
• Compile documentation for asset models and be able to confidently explain to other business leaders and stakeholders within the insurance company
• 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 risk modelling and development experience within a financial services firm
• 3+ years of practical development experience in Python, preferably in a production environment, is essential
• 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 Postgres, Databricks, VS Code IDE, and shell scripting languages (e.g. bash) preferable
• Practical experience using GIT is required
• An understanding of basic accounting, regulatory, risk management and strategic frameworks under which insurers operate, would be viewed favorably
• 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

Principal, 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.

$130,000-175,000

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.