Portfolio Construction & Risk Graduate Intern

KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. With offices in over 20 cities across 16 countries and 4 continents, 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 The Global Atlantic Financial Group.

As a firm we manage investments across multiple asset classes and as individuals we are encouraged to think creatively to solve problems, explore opportunities, take on new responsibilities and challenges, put our clients first and contribute to our communities. We often measure success over years, not quarters. We value integrity in all that we do, whether it’s presenting numbers accurately or being open and honest with a portfolio company executive. People want to do business with those they like and trust. It’s a mantra instilled in all of us from the top down.

At KKR, we believe that diverse teams increase performance and produce better results. Teams consisting of employees with varied backgrounds and perspectives will help strengthen our Firm and our investment decisions. Therefore, in an effort to enhance the diversity of our organization, we are particularly focused on recruiting talent that will bring different experiences, capabilities, skills and viewpoints to our organization.

Global Macro Balance Sheet & Risk
Private Markets Portfolio Construction
2023 Summer Intern
New York, New York

The Portfolio Construction & Risk team is seeking an intern to work full-time and in-person during June – August 2023 and potentially part-time during the fall if performance is strong and there is a business need. The position will be based-in the New York office. The group reports into KKR Balance Sheet CIO Henry McVey, and is responsible for:

• Formulating investment-oriented portfolio construction recommendations for KKR’s Credit (~$80bn AUM) and Private Markets portfolios ($100bn+ AUM) based on quantitative analyses.
• Providing Asset Allocation recommendations to various KKR Strategic Partnership portfolios
• Monitoring risk in KKR Credit and Private Market portfolios and reporting to senior management

The Intern will focus primarily on supporting Portfolio Construction initiatives across KKR’s Private Equity portfolios. Key Responsibilities may include:

• Help prepare Portfolio Construction recommendations for Private Equity businesses across Americas, Europe and Asia
• Manage and enhance Portfolio Construction models for KKR’s various PE funds
• Help run ad-hoc or recurring quantitative analyses requested by Portfolio Managers
• Help build and maintain models to identify factor exposures of various KKR portfolios and strategies
• Review, document and enhance the analytics and reporting code base (Python)
• Work closely with dedicated IT support resources to help automate our proprietary Portfolio Construction models

Relevant Skills and Experience:

• Current student studying Master of Financial Engineering is preferred, other students majoring in Mathematics or Physics but with extensive finance knowledge will also be accepted with an anticipated graduation in 2023 - 2024
• Structured problem solver and not afraid to get hands dirty solving quantitative and numerical problems – new joiner will work with and improve proprietary models, so ability to think outside the box is crucial
• Strong Quantitative Research Skills, ideally gained through Quantitative Finance, Portfolio Theory, Statistics, Econometrics coursework
• Very strong communication skills – position will require on occasions working closely with senior management at KKR, so the ability to synthesize information efficiently and communicate key takeaways clearly is crucial
• Strong programming skills in a structured language (e.g. Python) and comfortable developing own scripts with SQL
• Understanding of Fundamental Analysis to complement Quantitative Skills (i.e. previous work experience or internships in Investment Banking or Capital Markets) would help, but not required
• Strong Excel/Powerpoint skills
• Willingness to work hard
• Ability to prioritize time efficiently while managing multiple demands and projects and while remaining attentive to detail

It is expected that the base annual salary range for this New York City-based position will be $115,000. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. 

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.

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