Model Risk Management Professional - Apollo Global Management

Position Overview

At Apollo, we’re a global team of alternative investment managers passionate about delivering uncommon value to our investors and shareholders. With over 30 years of proven expertise across Private Equity, Credit and Real Estate, regions and industries, we’re known for our integrated businesses, our strong investment performance, our value-oriented philosophy – and our people.

The Director of Apollo Model Risk is responsible for oversight of model risk at Apollo, reporting to the AGM Head of Model Risk.  They will lead the model risk management working group at Apollo, report on model risk to the operational risk committee, management risk committee and board risk committee.  They will have ownership of the Apollo model risk management policy, monitor compliance and work with the business to achieve and maintain compliance with the policy.  Where independent model validation is required, they will either execute validations or oversee validation efforts by other independent parties.  The scope of models will be investment, deal, pricing, financial planning, derivative and other models used throughout the organization. They will analyze and critiquing models, understanding their application and interconnectedness, conducting necessary testing, and reporting on the findings and providing potential solutions to any issues. 

Primary Responsibilities:

• Ownership of the Apollo model risk management policy, ensuring compliance and reporting to management of the state of model risk at Apollo

• Support of Model Risk Management working group

• Keeping up to date with model risk management regulatory requirements and ensuring Apollo maintains compliance

• Establish key relationships with the business to foster model risk awareness and culture:

  • Quants, Deal teams, Portfolio Managers, Treasury, Derivatives, Finance, Internal and External Auditors

  • Continued canvassing of the business for new models or significant model changes

• Active management of model inventory within the model risk management system

• Executing independent validations

• Planning and overseeing independent validations from internal or external subject matter experts

• Be an effective challenger to first line model owners and developers

• Present findings to internal and/or external stakeholders

• Provide support to internal and external auditors

Qualifications & Experience

• Strong familiarity with financial models

• Bachelor’s or higher degree in Actuarial Science, Quantitative Finance, Risk Management, Finance, Economics, Statistics, Mathematics, Physics, Computer Science, Financial Engineering required

• CFA, PRM, FRM or FSA desired

• 10+ years of financial institution experience in a quantitative, Risk Management or actuarial role with asset and liability model development or validation

• Experience validating complex models and knowledge of complex investments and financial markets preferred

• Strong organizational, communication and leadership skills and the ability to develop working relationships are required

• Experience with US Statutory and US GAAP Accounting and Reporting would be beneficial

• Strong technical, analytical, organizational, computer and team skills required

• Proven leadership experience and the ability to prioritize workload to meet deadlines

• Strong communication skills and the ability to establish and maintain strong relationships within the company

Pay Range

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.