Quantitative Associate, AIS

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

Compensation

$145,000 - $185,000

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.