Sr. Associate/ Vice President, Structured Products, Ares Insurance Solutions (AIS)

United States·New Yorksenior

OtherAssociate

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Quick Summary

Requirements Summary

Undergraduate and/or advanced degrees in finance, mathematics,

Technical Tools

OtherAssociate

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

~1 min read

→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

Requirements

~1 min read

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

Managing Director, Insurance

What We Offer

~1 min read

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.