Vice President of Performance and Attribution

2 weeks ago


Los Angeles, California, United States Ares Management Full time
About the Role

Ares Management is seeking an experienced professional 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.

Main ResponsibilitiesGIPS Compliance Management
  • Ensure the firm's adherence to the GIPS standards in marketing materials, RFPs, and DDQs.
  • Monitor changes to the GIPS standards and update policies and procedures as necessary.
  • Collaborate with the compliance team to ensure overall regulatory compliance and risk management.
GIPS Composite Management
  • Oversee the creation, maintenance, and review of composite definitions.
  • Ensure composites are constructed in compliance with GIPS requirements and accurately reflect the firm's investment strategies.
  • Maintain the list and description of composite and limited distribution pooled fund investment strategies and the firm's excluded account list.
Reporting and Analysis
  • Calculate composite level returns and related statistics for the firm's composites.
  • Prepare GIPS Reports (time-weighted and money-weighted) for the firm's composites and limited distribution pooled funds.
  • Perform periodic outlier analysis of monthly portfolio returns within each composite.
  • Fulfill ad hoc investor relations and portfolio management requests for internal analysis and RFPs/DDQs.
Verification and Examinations
  • Coordinate annual GIPS verification with external auditors.
  • Prepare and provide necessary documentation for annual GIPS verification.
  • Address any findings or recommendations from the verification process and implement corrective actions as necessary.
Training and Education
  • Provide training to compliance and investor relations teams on the GIPS standards and performance reporting requirements.
  • Act as a primary point of contact for GIPS-related inquiries and guidance within the firm.
Requirements
  • 10+ years of working with the GIPS standards.
  • Shown experience with GIPS compliance and verification processes.
  • Verifier-related experience is a plus.
Preferred Qualifications
  • Bachelor's degree in a business-related or quantitative field preferred (e.g., economics, statistics, mathematics, finance, accounting, etc.).
  • 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.
  • Commitment to pursue CIPM designation for candidates without CFA charter or CIPM designation.
Additional Requirements
  • Strong understanding of the GIPS standards and performance measurement methodologies, including basic portfolio accounting.
  • Excellent analytical and problem-solving abilities.
  • High attention to detail and accuracy.
  • Ownership of work with a high focus on service.
  • Strong communication and interpersonal skills, with the ability to train and educate others.
  • Ability to work independently, prioritize, and meet deadlines.
  • Strong fixed-income product knowledge, including leveraged loans, high yield bonds, and CLO debt/equity.
  • Well-versed in the SEC Marketing Rule, the SEC Private Fund Advisor Rule, and FINRA 20-21.
  • Proficient in Microsoft Excel.
  • Experience using Eagle Performance is desirable.
  • Basic understanding of SQL, Python, and creating Power BI dashboards a plus.


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