Sr. Associate/ Vice President, Structured Products, Ares Insurance Solutions (AIS)
Ares Management · New York, United States · 3d ago
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
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.