Market Risk Associate

Position Overview

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.

Job Overview

Apollo is seeking an Associate to join and support its Market Risk team in New York focusing on broker dealer risk oversight.

The individual will partner closely with teams across the global organization, including Trading, Analytics, and Technology to identify, monitor, and communicate market, credit and liquidity risks.

In this role, the Associate will have the unique opportunity to gain experience across risk disciplines and financial products, develop new analytical tools and techniques, and provide recommendations to leadership that will influence trading and risk management decisions.

Ideal candidates will be self-starters with 3-5 years of prior experience in fixed-income markets (Credit and/or Structured Products is preferred), possess strong technical/analytical skills (STEM background with Excel and Python/SQL experience), and demonstrate excellent communication skills, with the ability to concisely articulate complex ideas.

Primary Responsibilities

• Monitor investment risks within trading inventory pursuant to the established risk framework.

• Develop new analytical tools and techniques to identify and analyze risks and liquidity, and facilitate discussions on trade book hedging.

• Utilize proprietary risk systems to monitor exposures, conduct stress testing (including generation of topical stress scenarios), and perform risk and performance attribution.

• Conduct detailed reviews of portfolio risk and performance drivers, proactively highlighting areas of concern.

• Collaborate with Analytics and Technology teams to develop, enhance, and deliver cutting-edge risk analytics and models.

• Effectively communicate complex ideas to target audiences, including traders and executive management.

Qualifications & Experience

• 3-5 years of relevant experience in Risk Management (Market or Credit Risk), Portfolio Management, or Trading, with an emphasis within the Credit and/or Securitized Products sectors.

• Bachelor’s degree from an accredited institution is required. A Master’s degree in a quantitative discipline (e.g., mathematics, computer science, financial engineering, or econometrics) is preferred but not required.

• Knowledge of credit market dynamics, including cash, synthetics, and structured products, is preferred.

• Prior experience working within a broker-dealer firm understanding trading practices.

• Responsible for identifying, measuring, monitoring, and controlling financial risks within the risk governance framework (e.g., VaR and stress-testing standards, counterparty exposure estimation, documentation and reporting approaches).

• Strong understanding of quantitative credit methodologies and credit analytics.

• Preference for programming skills; proficiency in Python, SQL, and Excel.

• Intellectual curiosity and desire to understand complex investments.

• Excellent analytical, oral, and written communication skills.

• Strong attention to detail and ability to deliver results. 

• Collaborative, organized, flexible and results-driven.

OUR PURPOSE AND CORE VALUES

Our 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 expectations

Challenge Convention

Champion Opportunity

Lead responsibly

Drive collaboration

As 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 BENEFITS

Apollo 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. 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

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.