2027 Summer Analyst Program - Insurance Risk - QALM/Liquidity Risk

Company Overview

KKR is a leading global investment firm that provides alternative asset management, as well as capital markets and insurance solutions. KKR operates with a patient and disciplined investment approach to generate attractive investment returns, utilizing world-class talent and supporting growth within its portfolio companies and communities. KKR sponsors investment funds across private equity, credit, and real assets, and maintains strategic partnerships managing 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.

KKR's 2027 Summer Analyst Program offers an opportunity to join a leading global investment firm during your undergraduate career.

We are recruiting for Summer Analysts for KKR's Insurance business in our New York office, working within our Risk business, jointly supporting the Quantitative Asset Liability Management (QALM) and Liquidity Risk teams. The QALM team focuses on daily capital markets hedging, primarily using equity and interest rate options, and produces weekly aggregate reporting for the firm’s net fixed income risk metrics. The Liquidity Risk team analyzes the impact of various market stresses on our liquidity position and its associated impact on capital, in addition to reporting on downside risk buffer levels and funding adequacy. This is an exciting opportunity to be part of the development of the Beacon risk system, the firm’s Python-based risk management environment. An ideal candidate will combine a strong background in quantitative analytics with prior understanding of investments, derivatives, and insurance products. Summer Analysts will gain hands-on exposure to diverse areas of Risk, Investments, Actuarial, and Finance across KKR’s insurance platform. Exceptional performers may be extended 2028 full-time offers upon completion of the internship.

Responsibilities

• Assist the QALM team on an analytics project, which may include creating stakeholder reports to monitor and review key ALM risk matrices and designing/implementing enhancements to ALM analytics and tools.
• Assist the QALM team on a hedging project, which may include supporting the onboarding of new individual and institutional initiatives and enhancing/extending hedging code for new requirements.
• Assist the Liquidity Risk team on a liquidity project, which may include enhancing stress testing initiatives, monitoring buffer funding levels, and designing/implementing enhancements to existing code, applications, or data products.
• Become familiar with KKR’s proprietary, Python-based risk ecosystem, including KKR Insurance’s effective hedging program, scenario generation, and automated risk reporting.
• Gain familiarity with ALM reporting and monitor asset, liability, and derivatives risk positions relative to management objectives and policy limits.
• Perform analysis on asset positioning concerning liquidity objectives.
• Present project results in the Liquidity, Hedging Strategies, and ALM Working Group meetings, as well as in the All Risk meeting.

Qualifications

• Anticipated graduation date from an undergraduate program between December 2027 and June 2028.
• Area of study in a quantitative discipline such as math, statistics, computer science, or related technical fields.
• Strong analytical, programming, and database skills.
• Experience with Python is preferred; SQL and Excel are a plus.
• Understanding of various asset classes (fixed income, equities, credit, foreign exchange, derivatives) and risk management concepts.
• Comfort using AI tools to improve the productivity and quality of work.
• Curiosity and openness to adopting emerging AI technologies in day-to-day workflows.
• Ability to critically evaluate AI-generated outputs for accuracy and relevance.
• Strong project management, verbal, and written communication skills, along with the ability to work effectively with diverse groups of people.
• Strong sense of business ethics.
• Ability to work independently and excel in a dynamic, exciting, and fast-paced environment.

KKR provides reasonable accommodations as required by applicable federal, state, and/or local laws. Individuals seeking an accommodation for the application or interview process should email kkrcampusrecruiting@kkr.com.

If you are a qualified individual with a disability or a disabled veteran, you may request a reasonable accommodation if you are unable or limited in your ability to use or access www.kkr.com/careers as a result of your disability. Reasonable accommodations can be requested by sending an email to kkrcampusrecruiting@kkr.com.

This is the expected annual base salary range for this New York-based position, which is $100,000 – $110,000 USD. 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 individual and team performance.

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.