Associate, Global Asset Servicing

Investment Operations Associate

Ares is seeking an associate to join its Investment Operations team in New York or Los Angeles. This role will involve servicing loans within WSO and helping to oversee our reconciliations in relation to all servicing activities, including corporate actions, capital calls, restructures, loan servicing events, etc. The ideal candidate will process and oversee the daily activity for all asset types, coordinating with the fund admins, banks, and other stakeholders to ensure all processing is completed on a daily basis.

This position will require learning corporate actions and loan servicing, and managing activity within Wall Street Office. Previous experience with bank debt and working with a global client base is helpful, but not requiredincluding pensions, insurance companies, and institutional investors.

Ares, as an alternative asset manager, has an asset mix which is comprehensive and heavily concentrated in bank debt. The ideal candidate would have experience working with diverse lines of business for a global client base including pensions, insurance, and institutional investors. The role requires a dynamic, adaptive, experienced hands-on professional to ensure best practices in a fast-paced rapidly growing environment.

Responsibilities :

• Assist in reviewing daily position reconciliations to ensure accurate loan balances are being reflected in all systems.
• Proactively research, resolve and prevent all cash and par breaks with custodian banks and third-party administrators.
• Assist with the daily management and operation of the reconciliation process including cash, par and non-custody reconciliations with both custodian bank and paying agents across all funds.
• Direct fund administrators and custodian banks on appropriate processing and review / reconcile processing output for accuracy while looking for root cause issues.
• Review legacy standard operating procedures and update where necessary to reflect current-day steps and systems.
• Work with internal teams on vendor processes identified for more efficient processing in-house for Loan Operations.
• Prepare daily, weekly, monthly, and quarterly KPIs to track trends and workflow issues.
• Maintain high standard of quality controls.
• Influence and participate in decisions on policies / procedures designed to ensure compliance with internal, legal, and regulatory policies and ensure changing business requirements are met.
• Work with all internal and external stakeholders to improve and enhance Recon team workflows.
• Contribute ideas and recommendations to improve process efficiencies and increase risk mitigation.
• Participate in meetings representing the Loan Operations and Recon teams and participate in department initiatives such as system enhancements, off hours testing and new business conversions as necessary.

Qualifications :

Reporting Relationships :

Principal, Global Asset Servicing & Reconciliation

Compensation : $100,000 - $115,000

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.