Counterparty Credit Risk Lead

Job description

Position Overview An indirect wholly owned subsidiary of Apollo Management Holdings, AASP Risk Management, manages the securitized products and structured finance assets sourced and serviced by ATLAS SP Partners while serving as their sole risk manager. ATLAS SP’s lending business provides financing across the following business segments: Residential Real Estate Commercial Real Estate: Consumer & Commercial (C&C) including Hard Assets, Financial Assets and General Consumer Private Credit Finance: ATLAS SP’s financing lines, or facilities, are secured by financial assets and benefit from various risk-mitigating features and structural credit enhancements, including overcollateralization, covenants, asset concentration limits, collateral quality tests, and revaluation triggers. Each facility is subject to a comprehensive underwriting process that includes evaluation of the manager, assessment of underlying asset performance risk, stress testing, and structural analysis. Despite being “asset-backed,” ATLAS SP’s facilities are exposed to meaningful performance risk associated with the servicer/sponsor/borrower/originator, (referred to here as, the “counterparty”). As a result, counterp...