Quantitative Investment Professional – Portfolio Construction

Job Description

Associate, Credit & Insurance Portfolio Construction | KKR

The Tone:
This is a full-time role at KKR, located in New York. KKR is a global investment firm that provides alternative asset management, capital markets, and insurance solutions, focusing on generating attractive investment returns and supporting growth in its portfolio companies. This role is crucial for formulating investment-oriented portfolio construction recommendations, monitoring and managing risk across KKR’s extensive private market and credit portfolios, and advising on asset allocation for various multi-asset client initiatives. The successful candidate will directly contribute to strategic financial decisions and model development, interacting frequently with senior management.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, New York, NY
• Pay: $120000–$150000 yearly
• Team: Portfolio Construction team
• Mission: This person ensures KKR’s Credit and multi-asset portfolios are optimally constructed, risks are managed, and asset allocation strategies are effectively implemented through quantitative analysis and model development.
• Tech Stack: Python, Microsoft Office (Excel, PowerPoint), MSCI RiskMetrics, Barra, Bloomberg PORT, Factset, AI capabilities

What You’ll Actually Do
• Portfolio Recommendations: Help prepare investment-oriented portfolio construction recommendations for Credit funds for Portfolio Management Committees across the Americas, Europe, and Asia.
• Performance Analysis: Provide support on fund modeling to understand drivers of historical and projected performance, risk exposures, and economic sensitivities for KKR’s portfolios.
• Risk Monitoring: Monitor portfolios closely and assist with portfolio analytics using quantitative and qualitative approaches, coordinating with various internal teams and communicating risk concerns efficiently to Portfolio Managers and Investment Committees.
• Model Development: Help manage and enhance quantitative asset allocation models for KKR’s various multi-asset portfolios and KKR’s Balance Sheet, thinking creatively about solutions to structure multi-fund investments.
• Quantitative Resource: Serve as a firm-wide quantitative resource, evaluating existing models and recommending improvements in models and technology, including leveraging AI capabilities.

The Must-Haves
• Background: Experienced quantitative investment professional at the Analyst/Associate level, focused on portfolio construction initiatives across KKR’s Credit portfolios and asset allocation for multi-asset mandates.
• Experience: 1-3 years of experience related to Fixed Income or Credit (High Yield, Loans, Structured Products, Private Credit), including practical application of large data analysis and quantitative methods to the investment/risk management process.
• Skills: Strong programming skills (Python preferred) and strong proficiency in Microsoft Office Products (Excel and PowerPoint), superior communication and presentation skills, structured problem-solving abilities, and an aptitude for critical and creative thinking.
• Bonus: Broad experience with various investment types such as private and public equities, fixed income, structured investments, and real estate/infrastructure (prior exposure to private assets preferred). Knowledge of risk systems (MSCI RiskMetrics, Barra, Bloomberg PORT, Factset), basic understanding of corporate fundamentals, and understanding of global economic principles and trends.