Associate / Principal, Risk Manager Counterparty

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.

Primary 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.

Qualifications & Experience

Pay Range $200,000-300,000

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.