Associate, Asset-Backed Securities (ABS) Structuring / Modeling

The Role

The Structuring and Advisory team at Redding Ridge Asset Management ("RRAM") is seeking a talented Asset-Backed Securities ("ABS") Associate with strong structuring and modeling skills to join its growing team in New York.

In partnership with Apollo Global Management and driven by RRAM's long-term strategic vision, the Structuring and Advisory team has successfully harnessed securitization technology to revolutionize and expand the scope of Asset-Backed Private Credit, offering the right candidate an unparalleled opportunity to directly contribute to these innovative efforts.

Responsibilities

The Associate will support global Senior Structurers across lower flow and novel securitizations as well as long-term issuers. The ideal candidate will have a strong background in asset-backed finance with specific expertise in rated lower flow ABS (Equipment Lease, Containers, Data Centers, Fleet Lease, Digital Infrastructure….).

Specific responsibilities will include:

• Work closely with senior structures and other stake holders, including Apollo, Athene and Apollo platform companies, to assist in all stages of deal structuring and execution.
• Build and run cashflow models using Excel and Intex for various ABS asset classes, including replicating rating agency stress scenarios.
• Analyze historical portfolio and performance data to derive base case and rating agency stressed case assumptions.
• Create portfolio stratification tables in Excel by manipulating large data tapes.
• Communicate with legal counsel and rating agencies to ensure timely ratings.
• Draft and maintain deal trackers, issues list.
• Assist with investor and rating agency presentations.
• Maintain rating agency criteria grid and transaction comp sheets across ABS asset classes.

Qualifications

• Bachelor's degree in finance, accounting, mathematics or a related field
• 3 years of experience in ABS structuring and modeling
• Proficiency in Intex (dealmaker and calc) and Excel, VBA a plus
• Proactive, ability to think outside the box, and strong problem-solving skills
• Knowledge of rating agency ABS methodologies and rating agency modeling stresses, with desire to learn more asset classes
• Strong written and verbal communication skills
• Proven ability to multi-task and prioritize in a fast-paced environment to meet tight deadlines

Redding Ridge Asset Management 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.