Quantitative Associate /Senior Associate, AIS

Ares Management Corporation; New York (NY); On-site; USD 165,000 - 200,000; Full time

Job summary

An established industry player is seeking a Quantitative Associate to join their dynamic Insurance Solutions team. This role involves providing critical analytics support, optimizing investment portfolios, and collaborating with senior leadership on strategic initiatives. Candidates should possess strong technical skills in Python, SQL, and financial modeling, alongside a Bachelor's degree in a relevant field. If you thrive in a fast-paced environment and are passionate about quantitative finance, this opportunity offers a chance to make a significant impact in a growing sector. Join a culture that values collaboration and innovation.

Benefits

Comprehensive Medical/Rx

Dental and Vision Plans

401(k) Program with Company Match

Flexible Savings Accounts (FSA)

Healthcare Savings Accounts (HSA)

Life Insurance

Long-Term Disability Insurance

Short-Term Disability Insurance

Employee Assistance Program (EAP)

Commuter Benefits Plan

Qualifications

• 3+ years in asset management with strong quantitative skills.
• Experience in portfolio optimization and risk management.
• Familiarity with insurance concepts is a plus.

Responsibilities

• Support senior members in daily operations and analytics.
• Monitor investment portfolios and enhance asset allocation.
• Develop pricing models and recommend hedging strategies.

Skills

Python

SQL

Excel

Applied Statistics

Data Science

Stochastic Modeling

Optimization

Quantitative Analysis

Hedging Strategies

Interpersonal Skills

Education

Bachelor’s Degree in Computational Finance

CFA

CPA

FRM

CAIA

Tools

QuantLib

Azure Cloud

Docker

Kubernetes

Databricks

Job description

Quantitative Associate /Senior Associate, AIS

Join to apply for the Quantitative Associate /Senior Associate, AIS role at Ares Management Corporation

Quantitative Associate /Senior Associate, AIS

Join to apply for the Quantitative Associate /Senior Associate, AIS role at Ares Management Corporation

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

Ares is seeking a full-time Associate to join our dynamic and growing Insurance Solutions team. The Associate will provide day to day operations and analytics support across all aspects of our business and work closely with senior members of Ares Insurance Solutions (“AIS”) on a variety of activities. AIS is an in-house team that provides asset management, capital solutions and corporate development services to Ares Management’s strategic initiatives in insurance, including Ares’ new life and annuity platform, Aspida Financial. The new Associate will work collaboratively with AIS leadership, investment teams inside and outside Ares, corporate strategy, and other stakeholders to support the growth of the insurance business.

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.

Primary Functions & Responsibilities

The Associate will provide support for the day-to-day activities for senior members of Ares Insurance Solutions. Key responsibilities include, but not limited to:

• Monitor and analyze investment portfolios to develop an understanding of positioning and how the team can enhance portfolios to support the objectives of Aspida/Aspida Re.
• Updating and managing asset/market grid templates to support asset allocation decision making.
• Performing portfolio optimization to support asset allocation process, using existing AIS models.
• Work closely with AIS CIO/PMs to provide front-office support on topics such as security analytics, asset allocation, and ALM
• Develop Fixed Income pricing models as part of the AIS in-house quantitative library buildout for the purposes for producing security level analytics under different deterministic and stochastic scenarios
• Model and recommend hedging strategies for rates, spreads and currencies to protect NII and minimize P&L volatility
• Support production of risk and compliance reports.
• Collaborating with Ares asset managers and Operations teams to source and aggregate security level analytics, including cash flows, duration, spread, etc.
• Supporting the validating and reviewing models, built within AIS and / or sent to AIS by other parts of Ares / Aspida businesses.
• Preparing investment committee memos, board presentations, regulator and / or rating agency materials.
• Providing ad-hoc analytical and reporting support as needed by the AIS Team.
  
  

Qualifications

Education:

• Bachelor’s Degree required, preferably in Computational Finance, Economics, Engineering, Statistics, or related field. Professional designations such as CFA, CPA, FRM, CAIA, etc. or an accredited actuarial qualification would be viewed favorably, but not essential
  
  

Experience/Skills Required

• Minimum of 3 years of asset management or other financial services experience with solid quantitative, financial, and analytical skills.
• Excellent technical skills including working experience of Python, SQL, Excel, applied statistics, data science, stochastic modeling, and optimization
• Experience using optimization algorithms for building strategic and tactical asset allocation strategies
• Knowledge of public and private asset classes, including risk and return modeling
• Experience in working with investment data and security-level analytics
• Experience in working with hedging strategies for managing Interest Rate, Prepayment and FX risk
• Private equity caliber drive and self-motivation; ability to work effectively in a collegial, fast moving, demanding, and dynamic environment with a focus on accuracy and attention to detail
• Creative problem solver, with intellectual curiosity, positive attitude, and hands on attitude
• Experience with QuantLib, Azure Cloud, Docker, Kubernetes, Databricks is a plus
• Strong interpersonal and communication abilities; team player
• Familiarity with insurance concepts helpful
• Discipline to complete assigned tasks timely under limited / remote supervision
  
  

Flexibility to work US east coast / Europe time zone

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.

$165,000 - $200,000

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.

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Research, Analyst, and Information Technology

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