Principal, ABF Credit Risk Manager

Position Overview

POSITION OVERVIEW:

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 Esoteric Asset Backed Finance and Collateralized Loan Obligations ("CLO").

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 Esoteric Asset Backed and CLO 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 to the 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

• Undergraduate degree with a record of academic achievement
• 10+ years of experience with responsibility for critical, high-impact decisions of significant financial impact and complex criteria across multiple asset-backed finance verticals with a particular focus on Esoteric Asset Backed and CLOs required. Exposure to more bespoke or less liquid asset classes (e.g., venture debt, SME lending, fund finance, royalties) is preferred.
• Experience underwriting Corporations from a fundamental credit perspective is preferred.
• Experience in the consumer and commercial sectors, including unsecured consumer, credit cards, student loans, and real estate markets, is beneficial.
• Strong foundation in risk while also very solution-oriented with a thorough understanding of the commercial needs of a fast-growing business balanced with maintaining risk discipline
• Strong analytical skills, multi-asset class experience, and an ability to build risk management tools to aid in governing the risk in the portfolio
• Extensive financial analysis and modeling skills, expertise in credit risk management, and a strong understanding of risk metrics/models/systems
• Ability to incorporate and understand information from a variety of sources to stay ahead of market/economic trends and evaluate the impact on the portfolio
• Robust interpersonal skills to support communication with external counterparties and management of internal stakeholders, both within the Credit ecosystem and across the broader investment platform
• Excels in a rigorous and fast-paced team-oriented work environment; adept at managing competing priorities across multiple projects, transactions, and workstreams

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.