Associate, Risk Manager

Position Overview

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.

ATLAS SP’s lending business provides financing across the following business segments:

• Residential Real Estate

• Commercial Real Estate

• Consumer & Commercial (C&C)

ATLAS SP’s financing lines, or facilities, are secured by financial assets, and benefit from risk mitigating features and/or structural credit enhancements such as over-collateralization, covenants, asset concentration limits, collateral quality tests and revaluation events. Each facility is subject to a comprehensive underwriting process which includes evaluation of the originator/servicer/sponsor, general asset performance risk, stress testing and structure.

The Credit Risk Management (CRM) team within AASP Risk supports the underwriting, risk management and approval of the ATLAS SP lending exposures. CRM reviews the risk profile of every transaction and conducts its own independent analysis on the industry/sector/strategy as well as fundamental credit analysis on the sponsor/client. Every lending transaction requires approval from CRM.

Primary Responsibilities:

At Apollo and ATLAS, we work as one team, partnering across disciplines to share the perspectives and insights that lead us to exceptional opportunities. This role will partner with senior level professionals within AASP Risk, Apollo and ATLAS SP at every stage of the investment cycle.

• Provide analytical support for all investment related activities, including new extensions of credit, amendments, renewals and post-close portfolio monitoring

• Work with the business to review and underwrite potential investment opportunities and be able to formulate a view on the structure, clients, market, collateral and risk

• Provide input into the modeling, quantitative financial analysis, financial and business due diligence, quarterly reporting, and understanding/monitoring for individual investments

• Develop investment committee memoranda and materials alongside senior team members including writing a comprehensive assessment of the risks, mitigates and recommendation.

• Demonstrate an ability to form an independent view, raise concerns early and consistently and document the analysis

• Demonstrate ability to challenge the business, substantiate support or dissent for a decision and where there is dissent, propose structural improvements which might move a transaction from “no” to “maybe/yes”. Approach transactions/discussions with a solution-oriented mindset

• Participate alongside Origination and Portfolio Management teams in deal structuring process from inception and be involved over the life cycle of a transaction, with greater involvement should a transaction be underperforming, higher risk, less liquid, more bespoke, etc.

• Produce complete documentation including thorough market, borrower, and collateral level analysis which supports his/her conclusions. Utilize stress testing or other market intelligence to support risk considerations

• Work alongside Risk Analytics team within AASP to build risk views, tools and reports to improve ongoing portfolio management

• As the portfolio in these regions grows, identify trends in the book and proactively manage and monitor key risks, raising awareness to senior leads and others as and when appropriate

• Be willing to work on additional ad hoc projects including but not limited to portfolio monitoring, reporting and investor and rating agency requests

Qualifications & Experience

• 7+ years of relevant work experience, including investment banking or capital markets experience in the legal jurisdiction of exposures in Europe and Australia

• Existing experience in a securitized products business or other structured product business which provides/provided collateralized lending

• An understanding of fundamental credit risk, ideally having spent time in a large bank or financial institution with structured credit training programs. Counterparty (fund, sponsor,, etc.) skills are a plus

• Strong modelling, analytical, valuation, and problem-solving skills

• A critical thinker with strong quantitative and analytical skills who expresses their thoughts and ideas clearly both in oral and written communications

• A collaborative thinker who can also work independently, multitask and prioritize competing demands to meet deadlines in a fast-paced environment

• A proactive and organized self-starter with a positive attitude, powerful work ethic, strong attention to detail and experience and comfort in Excel

• Prior experience and responsibility for critical decisions of significant financial impact and complex criteria

• Ideally worked in a second line Risk function in a prior role.

• Must have exceptional communication skills, both written and verbal. Must be comfortable presenting prospective deals to the investment committee and capable of managing a healthy level of challenge and tension throughout these committee discussions. Must be able to communicate complex risk-related concepts to both internal and external parties

• Ability to incorporate and understand information from variety of sources to stay ahead of market/economic trends and evaluate the impact on the portfolio

• Undergraduate degree with a record of academic achievement