Associate/Principal, Risk Manager - Counterparty

Apollo Global Management•New York, NY

41d•$200,000 - $300,000

About The Position

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 role AASP is seeking an Associate/Principal for their growing Counterparty Risk Management team. This individual will be responsible for the Residential Mortgage ("Resi") and Commercial Real Estate ("CRE") warehouse portfolio counterparties. He/she will be responsible for conducting counterparty-level credit reviews and for the continuous review and monitoring of residential mortgage finance exposures in the portfolio. The individual will work closely with Apollo credit professionals, the ATLAS SP Origination teams, and other risk leaders within AASP as well as with clients and ATLAS SP key partners. The Counterparty Risk Lead will rely on this risk officer to conduct a complete analysis of counterparties under their coverage, highlight risk concerns early and ongoing, challenge the deal teams, gain the expertise in asset classes or counterparties he/she may not have had from people who do (utilizing the ecosystem of partners available to ATLAS SP), form an independent risk view, and write a succinct counterparty risk memo/analysis/assessment. This individual will be a detail-oriented individual who can deliver an informed view to the Counterparty Risk Lead, AASP CRO, ATLAS SP teams, and other Apollo risk seniors. The ideal candidate will have experience as a Counterparty Risk Officer, Credit Risk Officer, or at a major Rating Agency with a deep understanding of mortgage and asset-backed financing originators or sponsors. Product expertise is required for this role covering both Resi & CRE. The individual will review and assess new and existing counterparties, help with warehouse facility transactions, improve upon ongoing monitoring, and other high-level projects as needed.

Requirements

Must have at least 3-5 years of experience and at the minimum have a Bachelor's degree.
In-depth knowledge of various types of originators, servicers, sponsors, and entity structures, including fund and corporate structures.
Asset class knowledge in Mortgages is required and other asset class knowledge within Private Credit or Consumer and Commercial sectors is highly beneficial
Experience underwriting Corporates & Funds from a fundamental credit perspective is essential.
Being able to write proper succinct reviews and pointing out key Risk considerations is required.
Prior experience with rating methodology is highly beneficial.
Ability to roll up sleeves and work alongside 1LOD and Credit Risk to underwrite highly complex counterparties and participate in the structuring of warehouse facilities.
Extensive financial analysis and modeling skills, and a strong understanding of risk metrics/models/systems
Understanding of fundamental credit skills, ideally having spent time in a large bank, rating agency, or financial institution with structured credit training programs
Exceptional attention to detail
Prior experience and responsibility for critical decisions of significant financial impact and complex criteria
Must have exceptional communication skills, both written and verbal, and be comfortable presenting prospective deals to investment committee(s)
Must be able to communicate complex risk-related concepts to both internal and external parties
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
Must be able to use Excel and PowerPoint at a high level, and ability to be able to manipulate data to build out Risk views.

Responsibilities

Underwrite counterparties for mortgage-related transactions, including evaluating the risk profile of the Originators / Servicers / Sponsors.
Accountable for making risk decisions and assessments.
Demonstrate an ability to challenge the business (sales/portfolio/structuring teams), and highlight key counterparty risk concerns promptly
Participate in the deal underwriting process from inception and be involved over the lifecycle of a Counterparty, with greater involvement should counterparties be underperforming, higher risk, less liquid or levered, new, etc.
Work with Legal, Credit Risk, and the deal teams on the loan agreements to ensure that documents accurately reflect counterparty covenants.
Work closely with other control function partners including i) Legal and Compliance to escalate and review any reputational or franchise risk considerations and ii) Business Management on presentations for management
Present risk concerns and due diligence findings, make a risk recommendation, and answer questions of Investment Committee members or other senior stakeholders as it relates to counterparties for transactions.
Produce well-written succinct reviews and assessments.