Sr. Associate/ Vice President, Structured Products, Ares Insurance Solutions (AIS)

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

Benefits offered by this job

Comprehensive medical/dental/vision

401(k) with company match

Employee Assistance Program

Wellbeing & financial wellness

Job summary

Ares Management seeks an experienced structuring resource to build and maintain models for private structured deals, using Intex Dealmaker. You will support risk analytics, collateral updates and stochastic cashflow simulations for securitization, coordinating with portfolio managers and IT for scalable analytics.

Ideal candidates have 4+ years of Python-based model development, Intex experience, and a strong foundation in financial mathematics. Remote or on-site flexibility varies by team.

Qualifications

• Degree in finance, mathematics, engineering or computer science.
• 3+ years with Intexwrap and Intex Dealmaker in financial services.
• 4+ years of Python-based model development in production.
• 3+ years modeling structured deal waterfalls in Intex/CDI/CDU.
• CFA/FRM desirable but not required.
• Foundations in modern financial math and bond mathematics.

Responsibilities

• Develop and maintain automated Intex infrastructure for on-demand risk analytics.
• Create and maintain models for private structured deals with Intex Dealmaker.
• Update collateral and deal information for CDI/CDU files for securitization.
• Collaborate across quant, ops and IT to scale the analytics platform on cloud resources.
• Model projected cashflows, valuations and risk metrics under stochastic scenarios.
• Align assumptions with portfolio management for private securitization models.
• Build relationships with portfolio managers and cross-team stakeholders.

Skills

Python programming

SQL

Problem solving

Analytical thinking

Quantitative analysis

Education

Undergraduate and/or advanced degrees in finance/math/engineering/CS

Tools

Intex Dealmaker

Intexwrap

VS Code

GIT

Python

Docker

Cloud (AWS/Azure)

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

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

• Create models for private structured deals and maintain deal models using Intex Dealmaker
• Compile monthly updates of collateral and deal information for Intex CDI/CDU files associated with private Ares securitization
• Assist in developing model methodology and platform infrastructure for stochastic simulation of portfolio asset cashflows for private securitization
• Support the risk and analytics needs of the Ares Insurance Solutions team more broadly, including the maintenance and support of the above analytics platform

RESPONSIBILITIES:

• Develop and maintain automated Intex infrastructure to perform on-demand risk analytics for private securitization
• Create models for private structured deals and maintain deal models using Intex Dealmaker
• Compile monthly updates of collateral and deal information for Intex CDI/CDU files associated with private Ares securitization
• Collaborate with other Ares quantitative, operational, and IT resources for building the analytics platform, at-scale using Intex on cloud resources
• Develop and test collateral and security projected cashflows, valuations, and risk metrics, under different deterministic and stochastic scenarios for private securitization
• Partner with portfolio management to align assumptions and parameters of relevant private securitization models
• 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 Intexwrap and Intex Dealmaker experience within a financial services firm
• 4+ years of practical experience of model development in Python, preferably in a production environment, is essential
• 3+ years of experience modeling structured deal waterfalls in Intex and creating/maintaining/updating CDI/CDU deal files
• 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 preferable
• Practical experience using GIT is a plus
• 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

Managing Director, Insurance

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.