Position Overview
Apollo’s Credit Risk team is seeking an Associate to play a critical role in the build-out of the Credit Risk function and act as the Credit Risk Manager for Investment Grade Credit, including High Grade Capital Solutions (“HGCS”). The Risk Manager will be a key member of the team responsible for the risk oversight of a large portfolio of public and private counterparties and transactions.
The successful candidate will work closely with the Origination, Research, Execution and Portfolio Monitoring 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 counterparties and 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 culture of review and challenge.
The ideal candidate will have experience in a variety of corporate and financial institution asset classes as an investor, underwriter or risk manager.
Primary Responsibilities
- Evaluate and provide sound judgment on research materials for public and private counterparties to establish buy, hold, and sell recommendations for the Portfolio Managers (“PMs”).
- 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 succinctly document the analysis, leveraging others across the Apollo ecosystem to support on sector or asset-specific knowledge
- Actively engage in ongoing risk management, including reporting, analytics, and stress testing to ensure that existing investments and counterparities 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
- Presenting diligence findings, making recommendations, and answering questions from investment committees, senior risk managers, and other senior leadership
- Utilize all available tools and work with the Technology team to develop new risk views (data, reporting, tools, etc.) if there are gaps in information needed to reach the correct analysis.
Qualifications & Experience
- Undergraduate degree with a record of academic achievement
- 7+ years of experience with responsibility for critical, high-impact decisions of significant financial impact and complex criteria across multiple asset classes
- Exposure to public and private Corporates and Financial institutions, including structured transactions, hybrid instruments, private placements, and cross-border solutions
- Experience underwriting high-yield Corporates, including Direct Lending preferred.
- Exposure to troubled assets, workouts, and distressed situations would be a benefit
- 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 and an ability to build risk management tools to aid in governing the risk in the portfolio
- Extensive financial analysis and modelling skills, expertise in credit risk management, and 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
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 credit to private 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. As of June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.
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.
The base salary range for this position is $175 to $200. 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.
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.
Pay Range
$175,000 - $200,000
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.
