Director/Principal, Credit Risk (AASP)

Apollo Management Holdings • New York, NY

12d

About The Position

AASP Risk is seeking a Director/Principal to join its team. This role sits within the firm’s independent Risk function and is responsible for evaluating and overseeing direct and indirect corporate credit exposures across ATLAS SP transactions. The Director/Principal will form independent credit views, assess transactions against the firm’s risk appetite, and provide clear risk recommendations to senior risk leadership and Investment Committee highlighting key risks and relevant mitigants. The role requires disciplined fundamental analysis, sound risk judgment, and confidence and communication skills to provide constructive challenge to business leaders and product risk leaders. This is a second-line risk role with responsibility for both new transaction review and ongoing portfolio oversight.

Requirements

• 7-10 years of experience in corporate credit underwriting or credit risk within: banking corporate credit / leveraged finance risk, direct lending / private credit risk functions, corporate credit investing platforms, principal credit risk functions within financial institutions
• This person will be managing others.
• Deep experience underwriting corporate borrowers, including full three-statement cash flow modeling, leverage and coverage analysis, liquidity forecasting, capital structure and recovery analysis, and covenant evaluation and documentation review
• Ability to communicate with senior members of both risk and business, drawing on experience making clear, defensible credit recommendations with a demonstrated ability to form and defend credit recommendations in approval forums (e.g., investment committee)
• Strong risk discipline and independent credit judgment
• Clear written communication and executive presence in committee settings
• Ability to independently assess borrower risk and articulate clear recommendations
• Comfort operating within a second-line risk framework while partnering effectively with business stakeholders
• Executive presence and ability to communicate complex risk assessments succinctly to various audiences
• Experience evaluating transactions where capital is held on balance sheet or within long-duration vehicles
• Ability to balance competing priorities including monitoring a diverse existing portfolio as well as a deep new deal pipeline.

Responsibilities

• Conduct independent fundamental credit analysis of corporate credit exposures across non-bank lending sectors including agency and non-agency residential, commercial real estate, consumer, aviation and other transportation, shipping, auto, commercial/SME, and alternative investment platforms
• Build and review detailed financial models, including base, downside, and stress scenarios
• Evaluate leverage sustainability, liquidity, refinancing risk, and covenant frameworks
• Assess structural mitigants and transaction features in alignment with risk parameters
• Prepare clear, decision-oriented risk memoranda for senior risk leadership and Investment Committee
• Provide constructive challenge to deal teams where risk-return alignment is insufficient
• Monitor exposures after onboarding, identifying emerging credit deterioration or structural weaknesses
• Contribute to portfolio-level risk analysis and thematic credit insights
• Hire, train and manage a team of experienced but more junior credit professionals to support the mandate described above, taking ownership for the team’s work product
• Experience managing and training offshore resources

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed
• Number of Employees: 1,001-5,000 employees