Research, Analytics & Portfolio Construction, Associate
New Today
KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries.
TEAM SUMMARY
KKR Solutions allows the firm to offer a solutions-oriented relationship to our most strategic clients, as opposed to one focused on selling individual products. The team's goal is to provide clients with a seamless entrance into KKR focused on multi-asset class exposures where we can continue to help them solve problems, especially around asset allocation and portfolio construction decisions, across our Insurance, Family Office, Wealth/HNW, Sovereign, and Pension clients.
KKR Solutions works closely with all the various parts of KCS (our sales/fundraising organization), our deal teams, and our insurance colleagues, to expand our relationships with clients. This group allows us to accelerate capital formation across KKR through differentiated asset allocation insights, enhanced approaches to portfolio construction, and original intellectual content.
POSITION SUMMARY
KKR Solutions is looking for an exceptionally talented individual at the Associate level to join its Research, Analytics and Portfolio Construction team. The successful candidate will take a proactive, innovative approach to implementing asset allocation and portfolio construction solutions for the firm's investor base. This individual will also play a visible role in reinforcing KKR's thought leadership around asset allocation and portfolio construction with clients. They will be tasked with contributing to and developing proprietary models. Since much of the work will focus on alternative asset classes for which there are few common industry-level standards, the ideal candidate will have outside-the-box creativity as well as excellent technical skills and attention to detail, given the large allocation/investment decisions driven by the Solutions team's analysis.
RESPONSIBILITIES
The successful candidate will have experience with the institutional investment market, with a particular focus on, and passion for, portfolio construction and asset allocation. They will have a deep understanding of investing fundamentals, financial theory, risk management, asset allocation, and the quantitative side of portfolio constructionall with a pragmatic, hands-on approach. They will be responsible for developing, designing and conducting original research, building models, and performing strategic client analyses. Key findings will be presented in client meetings, conferences, research reports and thought leadership initiatives.
In addition to the above, major responsibilities will include:
- Developing original research addressing strategic and tactical portfolio management needs of KKR's broad range of clients
- Developing innovative approaches to portfolio construction, asset allocation and asset/liability modeling, identifying the distribution characteristics of a broad range of asset classes
- Developing tailored investment proposals for various client types, leading end-to-end implementation, and delivering ongoing portfolio management and client service
- Forming views on various key topics of multi-asset portfolio management such as relative value between asset classes, comparison between liquid and illiquid asset classes, trade-offs for taking on illiquidity etc
- Partnering with affiliated quant / research resources to share best practices and to capture their best ideas as an input into developing the team's research & modeling capabilities
- Partnering closely with KCS (fundraising) members and other senior internal stakeholders
- Collaborating on the development of relevant, robust economic and market scenarios to be used for client analyses in addition to long-term capital market assumptions
- Delivering findings and insights via impactful and clear written materials, client-specific presentations and thematic presentations to senior stakeholders
- Contributing to the positioning of KKR as a distinctive thought leader in cross-asset solutions
QUALIFICATIONS
The professional experience/qualifications required for this role include:
- 3-6 years of experience at an asset management firm, with direct involvement in risk management, quantitative analysis, asset allocation, and/or portfolio construction
- Knowledge of investing fundamentals across a wide range of asset classes, ideally including private markets, and instrument types
- Advanced Python programming for quantitative analysis and financing modeling and proficiency in Microsoft Office Products (Excel and PowerPoint)
- An understanding of the challenges faced by sophisticated institutional clients and a proven record of addressing institutional portfolio management challenges and developing original research
- Thorough understanding of economics, financial theory, portfolio theory, liability modeling, optimization and alternative techniques
- Knowledge of risk systems a plus (MSCI RiskMetrics, Barra, Bloomberg PORT, Factset, etc.)
- Strong interpersonal and partnership skills, including a desire and ability to engage and collaborate with a diverse set of stakeholders
- Effective communication and presentation skills, both verbal and written, for both internal and external purposes
- Highly creative and adaptive thinker
- Strong academic credentials: degree in quantitative discipline such as economics, finance, computer science, mathematics, statistics, engineering, or related fields
#LI-DNI
This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Base Salary Range
$150,000-$175,000 USD
KKR is an equal opportunity employer. Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.
- Location:
- New York
