What are the responsibilities and job description for the Principal, ABF Credit Risk Manager position at Apollo?
Position Overview
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.
The Role
Apollo's Credit Risk team is seeking a Principal to play a critical role in the build-out the Asset-Backed Finance (" ABF ") Credit Risk function and act as the Credit Risk Manager for ABF investment activities. The Principal Risk Manager will be responsible for overseeing a portfolio of Residential Mortgage, Pooled Commercial Real Estate and Consumer Asset-Backed transactions.
The successful candidate will work closely with Origination teams and other risk leaders on the evaluation of credit risk in new and existing transactions, and their analysis and independent views will be heavily relied upon by the Apollo senior risk officers to gain comfort in signing off on transactions. To ensure alignment between the business and the firm's risk appetite, the incumbent will develop strong partnerships with deal teams while enhancing the stature of the credit risk team through a stronger culture of review and challenge.
The ideal candidate will have significant experience in securitized products in public and private formats across a variety of ABF asset classes.
Primary Responsibilities
- Evaluate and provide sound judgement on all Residential Mortgage, Pooled Commercial Real Estate, and Consumer Asset-Backed Finance transactions including new underwritings, existing portfolio positions, and troubled credits
- For new underwritings, establish early engagement with deal teams on key risk issues through the underwriting process; conduct complete analysis on transactions, highlight risk concerns early and on an ongoing basis, and challenge deal teams appropriately
- Demonstrate an ability to form an independent view, raise concerns early and consistently, and document the analysis in a succinct manner, leveraging others across the Apollo ecosystem to support sector or asset-specific knowledge
- Actively engage in ongoing risk management, including reporting, analytics, and stress testing to ensure that existing investments continue to be appropriately monitored and challenged in light of changes in the macro and local risk environments
- For troubled credits, play a lead role in driving the process tothe best solution in partnership with the PMs
- Act as a self-sufficient risk manager by independently leading transactions, including presenting diligence findings, making recommendations, and answering questions to various investment committees
- Utilize all tools available and work with the Technology team to develop new risk views (data, reporting, tools, etc.) if there are gaps in information needed to get to the correct analysis.
Qualifications & Experience
About Apollo
Our Purpose & Core Values
Our clients rely on our investment acumen to help secure their future. We must never lose our focus and determination to be the best investors and most trusted partners on their behalf. We strive to be :
We are building a unique firm of extraordinary colleagues who :
As One Apollo team, we believe that doing great work and having fun go hand in hand, and we are proud of what we can achieve together.
Our Benefits
Apollo relies on its people to keep it a leader in alternative investment management, and the firm's benefit programs are crafted to offer meaningful coverage for both you and your family.
Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is an equal opportunity / affirmative action employer. The firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic / civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.
Pay Range
300,000
Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is committed to championing opportunity.
The firm and its affiliates comply with applicable discrimination and equal opportunities legislation in all of its jurisdictions and do not discriminate in employment or recruitment based on race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic / civil partnership status, sexual orientation, gender identity or expression or any other protected characteristic under applicable law.
The contents of the qualifications and experience section of this job description are a guideline only. If an applicant can otherwise demonstrate their suitability for the role they will be considered.
The base salary range for this position is listed above. This position is also eligible for a discretionary annual bonus based on personal, team, and Firm performance. Compensation ranges are based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including candidate experience and expertise, and may vary from the amounts listed here.
