A

Apollo Global

Invests client and insurance money in private credit

Front Office Modeling Associate

Quantitative RiskConfirmed live in the last 24 hours
Full-timeEl Segundo, CA, USAIn-person

About the Job

Requirements

  • A Bachelor's or Graduate degree in Business or Math/Sciences.
  • A solid background in fixed-income assets, especially structured securities such as ABS, CLO, CMBS, and RMBS, and experience modeling securities using Intex.
  • Solid Excel and SQL skills.
  • Two to four years of relevant work experience.
  • Experience modeling portfolios in Aladdin Explore/Anser or other vendor-based platforms focused on fixed-income and structured-security portfolios.
  • Ability to understand dataflows between systems that house data.
  • Experience delivering information in a SOX/SOC-1-controlled environment.

Responsibilities

  • Run and analyze asset portfolios for insurance clients using various models; evaluate model outputs; run interest-rate and credit-stress scenarios; and analyze impacts on asset types and the overall portfolio.
  • Draft daily or weekly commentary summarizing portfolio economic movements and the impact of rates and other market conditions on the portfolio.
  • Engage with insurance clients whose portfolios are managed by the firm to address questions and requests, present material portfolio-modeling updates, and provide other client services.
  • Re-project cashflows quarterly for the structured-credit portfolio to capture the effect of rate-environment changes on portfolio accounting treatment.
  • Work with Investment Accounting teams to evaluate whether OTTI or an allowance is needed on assets and calculate amounts for holdings under STAT and CECL accounting frameworks.
  • Collaborate with multiple teams to forecast investment earned rates and spread-related earnings, and prepare analysis and presentations for senior management commenting on market and portfolio changes in support of updated forecasts.
  • Collaborate with the Quantitative Development team on proprietary asset models, including enhancing models for new asset classes and updated regulatory calculations and outputs.
  • Validate asset-model updates and update model documentation to reflect changes in calculation logic.
  • Troubleshoot and debug model issues, tracing error sources using data-science techniques.
  • Operate within a SOX/SOC-1-controlled framework and engage with auditors periodically to demonstrate compliance with controls for regulatory-scenario modeling and other model outputs that may affect financial statements.

Desired Qualifications

  • Familiarity with modeling residential and commercial mortgages.
  • Knowledge of Python and Power BI, or strong data-science aptitude.
  • General understanding of accounting principles.
  • An MBA or CFA Charter, or progress toward a CFA Charter.

About the Company

Apollo Global

Invests client and insurance money in private credit

Apollo Global Management invests money for pension funds, insurers, wealthy individuals and its own retirement business, with most of its assets in private credit, meaning loans arranged directly with companies rather than bought on public markets. It also runs private equity and real estate funds, and its buyout teams have a long record of backing troubled or complex companies. Apollo owns Athene, a retirement insurer that sells annuities and gives the premiums to Apollo to invest, so the firm earns fees from clients plus the spread between Athene's investment returns and what it pays policyholders. Apollo was founded in 1990 and is based in New York.

Company size
5,001-10,000
Company stage
IPO
Headquarters
New York City, New York
Founded
1990

Recently Posted Jobs

Explore more opportunities at Apollo Global

See more jobs