Principal, Head Of Corporate Credit Risk - Consumer And Commercial

Position OverviewAn 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 three business segments: Residential Real EstateCommercial Real EstateConsumer & Commercial (C&C)Within C&C, sub-asset classes include but are not limited to unsecured consumer, renewables, credit cards, and auto loans. ATLAS SP's financing lines, or facilities, are secured by financial assets, and benefit from risk mitigating features including recourse, guarantees, and/or structural credit enhancements such as over-collateralization and credit tranching. Each facility is subject to a comprehensive underwriting process which includes evaluation of general asset performance risk and servicer/originator/sponsor counterparty Credit Risk.The Credit Risk Management (CRM) unit 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 as well as fundamental credit analysis on the sponsor/client. Every lending transaction requires approval from CRM. The Role AASP Risk is seeking a Principal to be the Head of Corporate Credit Risk to focus on the Consumer and Commercial (C&C) Portfolio. This will include conducting fundamental credit analysis on corporate sponsors and/or originators in the C&C book with a specific focus on accounts where the financial wherewithal of the sponsor/originator is highly correlated to the collateral in the structure. The incumbent will report to the AASP Chief Risk Officer and split the risk management and underwriting functions for the C&C portfolio with other Principals. Facility management will be assigned based on the asset class expertise, skillset of the individual and the Corporate Credit workload, which will take priority in this role. In addition, this individual will work closely on new and existing business opportunities and bring a fundamental Credit Risk view of the corporate/parent and/or servicer to the underwrite of the transaction.The ideal candidate will have a genuine interest in securitized products and warehouse lending as well as strong subject matter knowledge of structured products including collateral-based lending across different sectors. Primary ResponsibilitiesUnderwrite risk in each transaction, including evaluating the financing structures and asset risk, due diligence on asset pools, understanding the structure of the warehouse facility, credit knowledge to evaluate the risk profile of the originators and servicers, stress testing and analytics as well as market intelligenceAccountable for independently making critical risk decisions and acting like an investor to approve transactions within a delegated level of authorityDemonstrate an ability to challenge the business (sales/portfolio/structuring teams), substantiate support or dissent for a deal and where there is dissent, work with the deal team on structural improvements which might move a transaction from "no" to "maybe/yes"Participate in the deal underwriting process from inception and be involved over the lifecycle of a transaction, with greater involvement should asset classes be underperforming, higher risk, less liquid, more esoteric, etc.Build risk management tools to aid in governing the Corporate Credit risk in the portfolio (including identifying needed changes or additions to risk limits, providing intelligence and input on risk ratings, stress tests, etc. to ensure the metrics and monitoring which are utilized to govern the book are proactive indicators of risk)Qualifications & ExperienceStrong subject matter knowledge of multiple asset classes in the Consumer and Commercial sectors; exposure to more bespoke or less liquid asset classes (venture debt, SME lending, fund finance) is highly beneficial Prior experience and responsibility for critical decisions of significant financial impact and complex criteria is a main requirementExperience underwriting Corporates from a fundamental credit perspectiveAbility to roll-up sleeves and work alongside 1LOD to underwrite highly structured warehouse (loan) facilitiesStrong foundation in risk while also very solution-oriented with a thorough understanding of the commercial needs of a business, especially one in a growth stage, but know how to balance that with risk discipline and controlStrong analytical skills, multi-asset class experience, and an ability to build risk management tools to aid in governing the risk in the portfolioExtensive financial analysis and modelling skills, expertise in Credit Risk management, and strong understanding of risk metrics/models/systemsUnderstanding of fundamental credit skills, ideally having spent time in a large bank or financial institution with structured credit training programsExceptional attention to detail Must have exceptional communication skills, both written and verbal and be comfortable presenting prospective deals to investment committee(s)About ApolloApollo 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 to private equity with a focus on three investing strategies: yield, hybrid, and 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.About AASP Management, LP (AASP)AASP is an indirect wholly-owned subsidiary of Apollo Management Holdings, LP. Currently, AASP manages asset-backed warehouse facilities and other securitized products and structured finance assets. Such assets are primarily sourced and serviced by ATLAS SP Partners. Additionally, AASP serves as the sole risk manager for ATLAS SP Partners, which is described in detail below.About ATLAS SPATLAS SP Partners is a global investment firm that seeks to provide stable funding and capital markets services to companies seeking innovative and bespoke structured credit and asset backed finance solutions. ATLAS SP is proud to build upon a legacy of excellence anchored in deep expertise and client service across the asset management landscape.Their expert team and integrated platform help determine the best approach to optimize clients' capital structures and achieve their goals working across a broad range of services within principal investing, financing, capital markets and portfolio solutions.ATLAS SP's integrated platform encompasses a holistic suite of capabilities, including asset/portfolio advisory solutions, warehouse/acquisition financing solutions, whole loan purchase/sale and securitization/distribution.ATLAS SP works with specialty finance companies, REITs, financial sponsors, mortgage lenders, corporates and others to unlock value from their existing asset base, accessing capital that goes beyond traditional unsecured debt and equity. They specialize in advising clients on how to reach their strategic goals, from providing early-stage asset backed capital, constructing flexible aggregation warehouse facilities, establishing securitization programs to accessing bridge capital and acquisition financing solutions.The Company works with clients throughout all stages of the growth lifecycle - from early stage private to mature public companies - to access flexible capital through a variety of structures and capabilities, including asset/portfolio advisory, warehouse/acquisition financing solutions, whole loan purchase/sale and securitization/distribution.ATLAS SP was created out of Credit Suisse's Securitized Products Group, a top provider of credit solutions to lenders. Now as a standalone securitized credit origination platform, ATLAS SP continues to benefit from the team's leadership, experience and operational strength to serve client needs across the full ABS financing spectrum.ATLAS SP is backed by a diverse set of institutional capital partners, including affiliates of Apollo, and other third-party financial institutions. These relationships can provide ATLAS SP with investment-grade capital partners and strategic benefits designed to enhance its financial and operational strength and to accelerate growth in client offerings.Our Purpose & Core ValuesOur 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 expectationsChallenge ConventionChampion OpportunityLead responsiblyDrive collaborationAs 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 BenefitsApollo 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. Please reach out to your Human Capital Business Partner for more detailed information on specific benefits.Apollo Global Management, Inc. (together with its subsidiaries and affiliates) is an equal opportunity/affirmative action employer. The firm and its affiliates do not discriminate in employment because of race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or because of any other criteria prohibited under controlling federal, state or local law.Must be able to communicate complex risk-related concepts to both internal and external partiesAbility to incorporate and understand information from variety of sources to stay aHead of market/economic trends and evaluate the impact on the portfolioPay Range300,000The 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.SummaryLocation: New York City 11 Madison AvenueType: Full time