Associate, Asset Backed Finance

Position Overview

Apollo Asset-Backed Finance (“ABF”) is a $100+ billion AUM strategy within Apollo’s Credit platform which spans a diverse set of product types (including residential mortgages, commercial mortgages, consumer finance,  commercial and trade finance, equipment and transportation, hard assets, royalties, and other structured debt assets), investment formats (including securitized products, whole loans, ABLs, bespoke financings, and structured equity), and risk-return profiles on behalf of Apollo-managed funds, managed accounts, and affiliated balance sheets.  ABF also works in close collaboration with Apollo’s financial services private equity and capital solutions teams on the management of and deployment opportunities arising from Apollo’s origination platform ecosystem.  

The Role

ABF is currently seeking an Associate to join its Woodland Hills and/or El Segundo, CA-based investment team to focus on business purpose residential loans and commercial mortgage-backed securities. Relevant sub-sectors to include Residential Transitional Loans, Single Family Rental, Build-To-Rent, Non-Agency and Agency CMBS, CRE-CLO and other commercial mortgage financing products. Duties will include portfolio surveillance, preparation of analytics, reports and presentations used in the investing process, creation and maintenance of financial models, interfacing with both internal and external parties (such as broker-dealers, other counterparties and clients), trade booking and ad-hoc analysis including investment underwriting. The individual will report directly to the responsible Portfolio Managers.

Primary Responsibilities 

• Participate in idea generation, sourcing, and screening of potential investment opportunities
• Provide the relevant Portfolio Managers with analytical and risk management support on all investment related activities including trading, credit analysis, valuation, due diligence, portfolio monitoring and business development initiatives
• Engage with Apollo’s quantitative analytics team on a regular basis to ensure the timely delivery of any pending analytical and data requests
• Lead the preparation of internal investment committee presentations, screening memos, and ad hoc discussion materials including but not limited to portfolio monitoring, marketing requests, etc
• Develop relationships with internal and external stakeholders and market participants
• The candidate will also be expected to develop an in-depth knowledge of the US residential business purpose loans and commercial mortgage backed securities sectors, monitor industry conditions and trends, and pursue initiatives to enhance our analytics, outreach, and research impact
• Over time, an individual who demonstrates acumen and growth potential will take on additional, higher-level responsibilities and can operate with greater autonomy

Qualifications & Experience

• 3-5 years of relevant experience; prior experience in an investment banking, trading desk, or buy-side asset management role focused on residential mortgage investments is highly desirable
• Bachelor’s degree from a top-tier university with a record of academic achievement (ideally in a field requiring quantitative or technical aptitude such as economics, finance, math, etc.)
• MBA, MFE, and/or progress towards a CFA designation is desirable but not required
• Demonstrated analytical, quantitative, problem-solving, and financial modelling skills
• Excellent verbal and written communication and presentation skills
• Capable of developing independent opinions and defending own views
• Working knowledge of relevant legal matters involving the structuring and operation of structured finance transactions
• Mastery of Microsoft Office (Word, Excel, Powerpoint, etc.) and Bloomberg are required; proficiency in Intex, Basic VBA and SQL is desirable but not required
• The ideal candidate will be professional, proactive, well-organized, flexible, dependable, and able to prioritize tasks in a fast-paced environment with a close attention to detail

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.

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.