AVP, Enterprise Risk Management

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 an Associate Vice President (AVP) to join our Enterprise Risk Management (ERM) team in New York. Within ERM, we strive to execute sound risk management strategies in support of the firm. To achieve this, we partner broadly across internal stakeholders to identify, assess, mitigate, and monitor current and emerging risks. The interaction with numerous groups and the range of projects that ensue provide for a meaningful and multi-faceted work environment.

The AVP will help us administer and scale our ERM program. This will entail working closely with ERM team members and collaborating cross-functionally to implement and deliver all components of the enterprise risk framework, including risk identification, measurement, analysis, monitoring and response recommendations. We are looking for an individual whose curiosity to learn and ability to analyze data will elevate our program, who is a strong communicator, excited to work cross-functionally across business divisions and execute on aligned priorities.

Primary functions and essential responsibilities

• Work alongside team members to implement and enhance robust risk processes and tools as part of the enterprise risk framework

• Partner with investment and business operations teams across the platform to assist with risk identification, assessment, mitigation and monitoring of key enterprise risk exposures

• Monitor, analyze and report on key counterparty risk metrics

• Collaborate with various stakeholders to develop risk response plans for select risks

• Drive the automation of existing manual processes by creating tools and other technology solutions

• Conduct detailed reviews of internal/external risk events and summarize lessons learnt

• Maintain the internal risk database, produce dashboard reporting, prepare meeting materials, and assist with ad-hoc initiatives to meet evolving stakeholder expectations

• Stay informed on industry trends, developments and leading practices to advance our ERM program

Qualifications

Education:

• Bachelor’s degree in Business Administration, Finance, Economics, or a related field from an accredited university

Experience and Skills Required:

• 5–7 years of relevant work experience in investment management, banking, or financial services consulting

• Strong understanding of the alternative investment management business, risks and trends

• Strong understanding of enterprise risk management concepts (e.g., risk identification and measurement, risk appetite and limits, risk mitigation and response)

• Strong understanding of credit/counterparty/liquidity/market risks and metrics

• Prior experience with Tableau/Power BI/SQL a plus, but not required

• Risk and control attitude: ability to ask incisive questions, converge on critical matters, escalate issues

General Requirements:

• Strong organizational, documentation, analytical, presentation, and communication skills (written and verbal)

• Ability to work in a fast-paced and dynamic environment, often requiring fast solutions to complex problems

• Ability to successfully manage several priorities and competing demands, strong time management and prioritization skills

• A self-directed individual with a can-do attitude, willing to work in an energetic and collaborative setting, proactive in nature, and a proven ability to learn quickly, display flexibility and adaptability while resolving issues with minimal direct supervision

• An analytical mind and a passion/interest in bringing new insights to increase efficiency of existing processes

• Good judgment in terms of raising issues vs. solving problems independently

• Outstanding social skills and strong client focus

• Dependable, highly motivated and a great teammate

• Strong work ethic and high level of integrity

• Willingness to take on new projects and learn new skills

Reporting Relationships

Compensation

$145,000 - $165,000 / annum

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.