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Ares Management

Vice President, Performance & Attribution

Ares Management, Los Angeles, CA, United States

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

We are seeking an expert and detail oriented individual to join our Performance and Attribution team to lead the Global Investment Performance Standards (GIPS) compliance function and oversee the firm’s GIPS compliance program. This role involves coordinating with various teams including investor relations, portfolio management, compliance, investment operations, and fund accounting teams as well as leading the verification process with external auditors. Additionally, the role will have some responsibilities outside of GIPS compliance, including performance-related regulatory reporting and strategic projects.

Reporting relationships

Reports to: Managing Director, Performance & Attribution

Supervises: n/a

Primary functions & responsibilities

GIPS Compliance Management

  1. Ensure the firm’s adherence to the GIPS standards in marketing materials, RFPs, and DDQs
  2. Monitor changes to the GIPS standards and update policies and procedures as necessary
  3. Collaborate with the compliance team to ensure overall regulatory compliance and risk management

GIPS Composite Management

  1. Oversee the creation, maintenance, and review of composite definitions
  2. Ensure composites are constructed in compliance with GIPS requirements and accurately reflect the firm’s investment strategies
  3. Maintain the list and description of composite and limited distribution pooled fund investment strategies and the firm’s excluded account list

Reporting and Analysis

  1. Calculate composite level returns and related statistics for the firm’s composites
  2. Prepare GIPS Reports (time-weighted and money-weighted) for the firm’s composites and limited distribution pooled funds
  3. Perform periodic outlier analysis of monthly portfolio returns within each composite
  4. Fulfill ad hoc investor relations and portfolio management requests for internal analysis and RFPs/DDQs

Verification and Examinations

  1. Coordinate annual GIPS verification with external auditors
  2. Prepare and provide necessary documentation for annual GIPS verification
  3. Address any findings or recommendations from the verification process and implement corrective actions as necessary

Training and Education

  1. Provide training to compliance and investor relations teams on the GIPS standards and performance reporting requirements
  2. Act as a primary point of contact for GIPS-related inquiries and guidance within the firm

Non-GIPS Responsibilities

  1. Supervise collection and validation of returns included in the performance tables for management company’s quarterly 10-Q filing and earnings presentation and annual 10-K filing
  2. Calculate quarterly asset level track records for Direct Lending and Alternative Credit verticals
  3. Assist with planning and executing strategic projects such as performance due diligence for acquisition targets, onboarding assets from acquisitions, and integrating non-supported business units

Qualifications

Education:

  1. Bachelor's degree in a business-related or quantitative field preferred (e.g., economics, statistics, mathematics, finance, accounting, etc.)
  2. Candidate with CFA charter and/or CIPM designation is desirable. If not a holder of a CFA charter or CIPM designation, extensive practical experience leading GIPS compliance at a GIPS-compliance investment manager
  3. Commitment to pursue CIPM designation for candidates without CFA charter or CIPM designation

Experience Required:

  1. 10+ years of working with the GIPS standards
  2. Shown experience with GIPS compliance and verification processes
  3. Verifier-related experience is a plus

General Requirements:

  1. Strong understanding of the GIPS standards and performance measurement methodologies, including basic portfolio accounting
  2. Excellent analytical and problem-solving abilities
  3. High attention to detail and accuracy
  4. Ownership of work with a high focus on service
  5. Strong communication and interpersonal skills, with the ability to train and educate others
  6. Ability to work independently, prioritize, and meet deadlines
  7. Strong fixed-income product knowledge, including leveraged loans, high yield bonds, and CLO debt/equity
  8. Well-versed in the SEC Marketing Rule, the SEC Private Fund Advisor Rule, and FINRA 20-21
  9. Proficient in Microsoft Excel
  10. Experience using Eagle Performance is desirable
  11. Basic understanding of SQL, Python, and creating Power BI dashboards a plus

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.

$160,000-$180,000

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.

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