Trading Assistant - Asset-Backed Finance (ABF)

Posted:
9/27/2024, 7:26:40 AM

Location(s):
New York, United States ⋅ New York, New York, United States

Experience Level(s):
Senior

Field(s):
Finance & Banking

Workplace Type:
Hybrid

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.

The Role

Apollo sources Asset-Backed Finance (“ABF”) investments across diversified channels, directly originating opportunities through proprietary platforms and partnerships, as well as participating in primary and secondary markets. We believe our expansive view of the ABF market enables us to assess a wide range of opportunities to improve risk-adjusted return, accounting for structure, asset risk and yield.

Apollo Global Management is seeking a Trading Assistant to join its highly collegial trading platform, deeply integrated into the firm’s investment process, which has a top tier presence in every asset class across ABF. The Trading Assistant will work directly with traders and provide operational support on various funds, separately managed accounts and portfolio companies managed by Apollo. Functional responsibilities will include ensuring delivery of end-to-end management of trade bookings, including trade confirmation, trade settlement, trade life-cycle event support, and risk monitoring in partnership with portfolio managers, traders and global support teams. Primary client fund structures will include all products within asset-backed finance. The environment is fast-paced and requires exceptional attention to detail and organizational skills.

Primary Responsibilities

  • Manage trade bookings across Apollo’s global ABF businesses
  • Coordinate with traders, portfolio managers, finance, compliance and businesses managers through close partnership with New York, Los Angeles, and London teams
  • Act as an independent lead to book trades across multiple ABF strategies with minimal direction and oversight from PMs
  • Provide real-time monitoring of portfolio activity and relay important points of feedback to key decision-makers
  • Oversee and publish trade and portfolio summaries
  • Collaborate with risk monitoring groups to develop reports related to the firm’s portfolios
  • Maintain a professional relationship with executing brokers
  • Resolve trade issues with counter party and internal operations
  • Refine existing trade allocation processes and develop and implement enhancements to systems
  • Perform other duties and responsibilities as required by the position

Qualifications & Experience

  • Bachelor’s degree
  • 1-3 years of relevant experience on a trading floor at an investment bank or asset management firm
  • Experience booking trades, corporate actions, security settlement processes and SMF set-up
  • Strong working knowledge of various investment products including all products within asset-backed finance
  • Working knowledge of Bloomberg and Order Management Systems; knowledge of Everest and/or thinkFolio is a plus
  • Superior Excel skills
  • Programming skills is a plus
  • Must have strong communication skills, organizational abilities, and attention to detail

About Apollo: Our Purpose & 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. (together with its subsidiaries and affiliates) 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

100,000-150,000

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.

Apollo Global Management

Website: https://apollo.com/

Headquarter Location: New York, New York, United States

Employee Count: 1001-5000

Year Founded: 1990

Last Funding Type: Post-IPO Debt

Industries: Asset Management ⋅ Credit ⋅ Financial Services ⋅ Property Management ⋅ Real Estate