AVP, Enterprise Risk Management

2 Locations

OtherRisk Management

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Quick Summary

Requirements Summary

Bachelor’s degree in Business Administration, Finance, Economics,

Technical Tools

OtherRisk Management

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.

Responsibilities

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Work alongside team members to implement and enhance robust risk processes and tools as part of the enterprise risk framework
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Partner with investment and business operations teams across the platform to assist with risk identification, assessment, mitigation and monitoring of key enterprise risk exposures
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Monitor, analyze and report on key counterparty risk metrics
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Collaborate with various stakeholders to develop risk response plans for select risks
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Drive the automation of existing manual processes by creating tools and other technology solutions
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Conduct detailed reviews of internal/external risk events and summarize lessons learnt
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Maintain the internal risk database, produce dashboard reporting, prepare meeting materials, and assist with ad-hoc initiatives to meet evolving stakeholder expectations
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Stay informed on industry trends, developments and leading practices to advance our ERM program

Requirements

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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

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

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

What We Offer

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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.

$145,000 - $165,000 / annum

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.