Position Overview
An indirect wholly-owned subsidiary of Apollo Management Holdings, AASP manages the securitized products and structured finance assets sourced and serviced by ATLAS SP Partners while serving as their sole risk manager.
The AASP Risk team at Apollo is responsible for measuring and monitoring all risks that arise from ATLAS SP's business, including credit, market and operational, as well as other, risks. Risk management activities include conducting both asset level and counterparty level credit reviews across all collateral types, estimating the market impact of any potential collateral liquidations and measuring risk exposures against pre-defined
limits.
Periodically ATLAS SP's activities in mortgage and loan markets give rise to special situations that require enhanced monitoring and oversight, particularly from Market Risk Management. These situations occur when existing exposures require greater scrutiny, when exogenous events impact specific markets or when new transactions or structures are being considered. In response, sensitivity to a variety of market factors need to be estimated, monitored and reported for any target exposures across residential mortgage, commercial mortgage and other loan collateral, with a particular focus on stress testing and complex valuation. The individual will be risk's subject matter expert across all special situations in scope and key contributor to the risk management of these positions. S/he will foster a culture of accountability that includes high standards of integrity. Collaboration with internal clients is key to success in the role.
Primary Responsibilities
- Monitor the Atlas portfolio to identify the special situations where transactions, collateral or markets are at risk of distress or potential default
- Risk manage these special situations through their entire life cycle, from identification, to ongoing surveillance through to resolution
- Monitor and research the markets where special situation assets would transact, reporting on key developments
- Develop independent valuation methodologies in order to inform a holistic risk opinion for the special situation assets
- Support market risk management of special situations, including the quantification and articulation of market risk arising from both outright and collateral assets
- Author new reports and create new tools to help monitor these positions and markets on an ongoing basis
- Serve as a key resource in the research and design of new stress scenarios.
Qualifications & Experience
- Bachelor's degree from an accredited institution required advanced degree desired
- 7+ years of market risk management, trading, valuation, portfolio management or similar markets experience in Securitized Products, with a focus on Consumer and Commercial ABS strongly preferred
- Strong understanding of financial engineering for securitized products required, with an understanding of Consumer and Commercial ABS structuring strongly preferred
- Exceptional excel skills required along with strong technology experience
- Experience with SQL databases and reporting interfaces a plus
- Ability to manage complex analytical processes
- Robust analytical thinking, intellectual curiosity, and attention to detail
- Exceptional oral and written communication and presentation skills
- Exceptional level of personal responsibility, attention to details, appropriate initiative and self-management
About Apollo
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 to private equity with a focus on three investing strategies yield, hybrid, and 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.
About AASP Management, LP (AASP)
AASP is an indirect wholly-owned subsidiary of Apollo Management Holdings, LP. Currently, AASP manages asset-backed warehouse facilities and other securitized products and structured finance assets. Such assets are primarily sourced and serviced by ATLAS SP Partners. Additionally, AASP serves as the sole risk manager for ATLAS SP Partners, which is described in detail below.
About ATLAS SP
ATLAS SP Partners is a global investment firm that seeks to provide stable funding and capital markets services to companies seeking innovative and bespoke structured credit and asset backed finance solutions. ATLAS SP is proud to build upon a legacy of excellence anchored in deep expertise and client service across the asset management landscape.
Their expert team and integrated platform help determine the best approach to optimize clients' capital structures and achieve their goals working across a broad range of services within principal investing, financing, capital markets and portfolio solutions.
ATLAS SP's integrated platform encompasses a holistic suite of capabilities, including asset/portfolio advisory solutions,
warehouse/acquisition
securitization/distribution.
ATLAS SP works with specialty finance companies, REITs, financial sponsors, mortgage lenders, corporates and others to unlock value from their existing asset base, accessing capital that goes beyond traditional unsecured debt and equity. They specialize in advising clients on how to reach their strategic goals, from providing early-stage asset backed capital, constructing flexible aggregation warehouse facilities, establishing securitization programs to accessing bridge capital and acquisition financing solutions.
The Company works with clients throughout all stages of the growth lifecycle - from early stage private to mature public companies - to access flexible capital through a variety of structures and capabilities, including asset/portfolio advisory,
warehouse/acquisition
securitization/distribution.
ATLAS SP was created out of Credit Suisse's Securitized Products Group, a top provider of credit solutions to lenders. Now as a standalone securitized credit origination platform, ATLAS SP continues to benefit from the team's leadership, experience and operational strength to serve client needs across the full ABS financing spectrum.
ATLAS SP is backed by a diverse set of institutional capital partners, including affiliates of Apollo, and other third-party financial institutions. These relationships can provide ATLAS SP with investment-grade capital partners and strategic benefits designed to enhance its financial and operational strength and to accelerate growth in client offerings.
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
The leading provider of retirement income solutions to institutions, companies, and individuals.
The leading provider of capital solutions to companies. Our breadth and scale enable us to deliver capital for even the largest projects and our small firm mindset ensures we will be a thoughtful and dedicated partner to these organizations. We are committed to helping them build stronger businesses.
A leading contributor to addressing some of the biggest issues facing the world today such as energy transition, accelerating the adoption of new technologies, and social impact where innovative approaches to investing can make a positive difference.
We are building a unique firm of extraordinary colleagues who
- Outperform expectations
- Challenge Convention
- Champion Opportunity
- Lead responsibly
- Drive collaboration
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. Please reach out to your Human Capital Business Partner for more detailed information on specific benefits.
Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is an equal
opportunity/affirmative
Pay Range
T
he 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