Principal, Structured Credit Asset-Backed Finance

UK Apollo Group Ltd; London; On-site; GBP 70,000 - 130,000

Job description

Position Overview Apollo is seeking a Principal in our Asset-Backed Finance (ABF) team to support the growth and evolution of the business in Europe. The Europe ABF business currently comprises of strategies across three main verticals with a very wide range of asset classes: (1) Performing / Investment Grade, (2) Opportunistic Asset-Backed, and (3) Opportunistic Asset-Backed Multi-Credit. The successful candidate will lead on structuring and execution of ABF transactions, with an initial emphasis on performing collateral and asset classes away from traditional residential mortgage transactions.

Primary Responsibilities

• Lead the execution of investments, including managing the deal process from start to finish.
• Own end-to-end securitization process management, including application of Rating Agency methodology, investor cash flow modelling, communication with counsel and rating agencies on documentation, and transaction execution and negotiations with transaction counterparties.
• Manage due diligence on potential investments, including business fundamentals and valuation; capital structure, credit issues and restructuring dynamics.
• Lead first-look analysis on new deals to filter through and identify potential opportunities.
• Partner with multiple functional groups, including Apollo PE / FIG, Redding Ridge, and operating platforms, to develop new products and structure innovative solutions for existing businesses.
• Take a proactive role in deal origination, working with entire ABF team and other parts of Apollo (including FIG) to develop opportunities for Apollo to deploy from its various capital sources.
• Present and defend investment recommendations to the Investment Committee.
• Assist the team with additional ad hoc projects and requests including but not limited to portfolio monitoring, reporting, investor requests and presentations.

Qualifications & Experience

• 6+ years of experience in investment banking and/or principal investing, with a focus in structured finance; preference for broad base of experience in assets classes beyond solely residential mortgages.
• Solid understanding of securitisation capital markets, related rating agency methodologies, structured finance legal set-ups, and credit asset economics.
• Undergraduate degree with a record of academic achievement.
• Some European language fluency preferred.
• Excellent attention to detail; strong written and verbal communication skills.
• Robust interpersonal skills to support communication with external counterparties and management of internal stakeholders, both within Credit ecosystem and across broader investment platform.
• A “collaboration-first” mindset and a desire to work within a team that values collective results.
• 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 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. Come to Apollo and join a community of extraordinary people who are committed to a culture of excellence and collaboration in everything that we do. We invest in our people for the long term and are committed to supporting their development at every stage of their career.

Apollo provides equal employment opportunities regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, veteran status, sex or sexual orientation, or any other criterion or circumstance protected by applicable law, ordinance, or regulation. The above criteria are intended to be used as a guide only – candidates who do not meet all the above criteria may still be considered if they are deemed to have relevant experience/ equivalent levels of skill or knowledge to fulfil the requirements of the role. Roles are conditional upon and subject to satisfactory reference and background screening checks, as well as all necessary corporate and regulatory approvals or certifications as required from time to time.