Mechanisms and techniques are employed for managing the allocation and load balancing of storage system resources for the containerized, distributed execution of applications on a storage system. A control component executing on a processing component of the storage system may control reserving the necessary resources on one or more processing components to implement an application, and control a container management module to create, deploy and/or modify one or more containers on one or more processing components of the storage system. The one or more containers then may be executed to implement the application. Multiple processing components of the storage system may have a resource management module executing thereon. The control component may exchange communications with the one or more resource management modules of each processing component to determine the resources available within the processing component; e.g., to determine whether the processing component can satisfy the resource requirements of the application.