Director, Securitization Risk Manager - Transportation & Aviation (AASP)

Director, Securitization Risk Manager - Transportation & Aviation (AASP) page is loaded Director, Securitization Risk Manager - Transportation & Aviation (AASP)locations: New York, New York: London, United Kingdomtime type: Full timeposted on: Posted Todayjob requisition id: R241935 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 As the Risk Management Director, you will be the lead risk manager on ATLAS Aircraft and the broader Transportation (Rail, Shipping, Container, etc.) lending and capital markets portfolio across the NY time zone.With respect to Aircraft, this role involves bespoke underwrites, including older aircraft, green time engines, part-out structures, back-leverage for sponsor portfolio, etc. This person needs to have the ability to be hands-on, a willingness to work on deals directly, and to go through a training process/learning curve on ATLAS-specific aircraft structures. The portfolio will require increased monitoring and oversight (e.g., specifically for asset classes not tested through the cycle, asset classes that do not yet have a proven securitization market, and asset classes under stress).You will work closely with the ATLAS Origination teams, other risk leaders, and clients to evaluate credit risk in new and existing transactions. Their analysis and independent views will be heavily relied upon by the AASP CRO and Apollo senior risk officers to gain comfort in signing off on transactions. You will develop a strong partnership with deal teams to ensure alignment between the business and the firm's acknowledged risk appetite. You will also be responsible for enhancing the stature of the credit risk team through a stronger culture of review and challenge.As the Risk Management Director, you will manage multiple projects simultaneously with appropriate analytical support, and your asset class coverage will evolve depending on the deal volume.This role requires deep subject matter expertise, specifically in analyzing the assets and structural protections, sponsor and/or originator financial wherewithal, and servicer capabilities. The Director should have the ability to manage challenging collateral, valuation, and security interest/enforcement provisions.Ability and willingness to learn about other transportation assets and asset types over time is a must.The ideal candidate will have a genuine interest in securitized products and warehouse lending and have significant experience working within the aircraft and/or broader transportation sector, strong written, verbal, and presentation skills. Responsibilities Risk manage all aircraft and transportation transactions. Conduct complete analysis on transactions, highlight risk concerns early and ongoing, challenge deal teams, and gain expertise in asset classes he/she may not have from people who do within ATLAS or by utilizing Apollo resources. + The underwriting process entails credit work on asset pools, complemented by credit knowledge that can be utilized to evaluate the risk profile of originators, lessees, and servicers (i.e., all parties that are critical to the risk profile of the transaction) Demonstrate an ability to form an independent view, raise concerns early and consistently, and document the analysis in a succinct risk memo. + The individual will be asked to perform at extremely senior levels within the Risk organization. He/she will need to demonstrate an ability to challenge 1LOD (sales/portfolio/structuring teams), highlight top 2-3 gating items to move a deal forward, 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". + The individual would participate in the deal structuring process from inception and be involved over the life cycle of a transaction, with greater involvement should asset classes be underperforming, higher risk, less liquid, more bespoke, etc. + Document thorough market, borrower, and collateral level analysis to support his/her view. For higher credit risk accounts, work alongside Legal counsel and the deal teams in the preparation, analysis, and execution of legal documents, including review of final loan agreements to ensure that documents accurately reflect the proposed deal structure, amendments, economic terms, and cash flow waterfalls. Act as a self-sufficient risk manager, handling transactions strongly and independently. + The role requires someone to act like an investor and approve transactions within a delegated level of authority. Ideally, the candidate will have experience as an approver of credit in prior roles where they felt accountable for making risk decisions. + Present diligence findings to various Investment Committees, make a recommendation, and answer questions of the committee. Utilize all the tools available and work with the Risk Analytics team to develop new risk views (data, reporting, tools) if there are gaps in information needed to get to the correct analysis. Qualifications & Experience Experience with and/or strong subject matter knowledge of aviation and transportation asset classes. Experience in underwriting asset value (metal, parts, etc.) and ability to conduct core credit risk analysis on other related parties. Background in aircraft securitizations (5- 15 yrs of experience) + Beneficial if the candidate has had exposure to more bespoke or less liquid asset classes. Ability to roll up sleeves and work alongside Origination, Portfolio Management, and Structuring teams (collectively 1LOD) to underwrite highly structured warehouse (loan) facilities. The candidate will have a strong foundation in risk but be solution-oriented. S/he will understand the commercial needs of a business (delivering for clients) - especially one in a growth stage but know how to balance that with risk discipline and control. Role requires someone with strong analytical skills, multi-asset class experience, and an ability (and experience with) building risk management tools to aid in governing the 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 risk metrics and monitoring which are utilized to govern the book are proactive indicators of risk). Extensive financial analysis and cash flow modelling skills, expertise in credit risk management, and strong understanding of risk metrics/models/systems. Have a strong understanding of rating agency methodology for ABS securitizations. Natural detail orientation and meticulousness, having been directly responsible for the preparation of comprehensive credit memoranda, including detailed cash flows with scenario analysis. Prior experience and responsibility for critical decisions of significant financial impact and complex criteria. Must have exceptional communication skills, both written and verbal. Must be comfortable presenting prospective deals to the investment committee and capable of managing a healthy level of challenge and tension throughout these committee discussions. Must be able to communicate complex risk-related concepts to both internal and external parties. Ability to incorporate and understand information from a variety of sources to stay ahead of market/economic trends and evaluate the impact on the portfolio.# 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 credit to private equity. For more than three decades, our investing expertise across