Ares Management
Associate, Risk & Quantitative Development (Ares Insurance Solutions -AIS)
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Job Description
- Req#: R4493
- Develop and lead testing of security and insurance analytics using Python
- Collaborate with other Ares quantitative and IT resources for building the analytics platform, at-scale using cloud resources
- Develop and test projected cashflows, valuation, and risk metrics, under different deterministic and stochastic scenarios
- Implement and test insurance-based metrics and analytics in collaboration with expert guidance on regulatory and accounting treatments
- Continue support and maintenance of the analytics platform, once initial build is complete
- Collaborate with other Ares quantitative, operations, and IT resources on Ares iQ and all other analytics initiatives
- Develop professional business relationships and partner with portfolio management, actuarial, financial and other Ares / Aspida team members to support AIS analytic needs as required
- Provide mentoring and guidance to junior members on the team as AIS continues to grow
- Undergraduate and/or advanced degrees in finance, mathematics, engineering and/or computer science preferred
- 4+ years of quantitative modelling and development experience within a financial services firm, with a focus on insurance companies a plus
- 3+ years of practical experience of model development 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 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 accounting, regulatory, ALM, risk management and strategic frameworks under which insurers operate, would be viewed favorably, but not required; however willingness to learn and master these concepts would be essential
- Excellent problem-solving abilities, intellectual curiosity, hands-on, and experience in understanding and solving complex issues
- High level of integrity enabling the candidate to become a trusted partner to clients and peers
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 / Analyst to join our dynamic and growing Insurance Solutions (AIS) team to focus on: Designing, implementing, and testing a comprehensive in-house security-level risk and analytics platform, with insurance ALM, capital management, and financial projection application Support the risk and analytics needs of the AIS team more broadly, including the maintenance and support of the above analytics platform upon the completion of its development
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’ life and annuity platform, Aspida.
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:
QUALIFICATIONS:
Reporting Relationships
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.
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.
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