Associate/Senior Associate - Investment Risk Analyst

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 resource to assist in:

• 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

Compensation

$130,000-175,000

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.