Associate/Sr. Associate - Investment Risk Analyst, Ares Insurance Solutions (AIS)
At a glance
Senior Risk & Financial Compliance role at Aresmgmt. New York · full-time · $130,000–$175,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Run asset stress tests and project cash flows for insurance reporting, actuarial valuations and asset-liability management
- Check new asset models by comparing projected cash flows, valuations and risk measures across scenario types
- Turn large data outputs into reports for senior leaders and test insurance measures against business guidance
- Keep the analytics platform, its data flows and recurring regulatory processes working, while documenting asset models
- Work with portfolio managers and quant and operations teams to resolve investment data questions and prioritize analytics needs
What you bring
- At least three years developing risk models at a financial services firm
- At least three years building in Python, ideally for a live production environment
- You can use SQL and Python, and have practical experience with GIT
- You understand bond math, including duration, convexity, spreads and interest-rate curve construction
- You have a finance, mathematics, engineering or computer science degree, or a related advanced degree
Who this fits
This role suits someone with hands-on risk-model development experience who can explain asset-model documentation to business stakeholders. The position is based in New York.
From the employer
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
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.