Primary ResponsibilitiesThe Associate supports Apollo's global RMBS securitization platform across deal execution, analytics, and rating agency engagement, working closely with senior structurers, traders, and Apollo platform companies. The role demands a buyside structurer mentality - owning the risk and analytics on every deliverable. This is an opportunity to join a growing team as we scale the origination and issuance platform to the next level.
Deal Execution- Support senior structurers across RMBS transactions including agency, jumbo, Non-QM, CES, HELOC, and RPL/NPL
- Drive execution timelines by tracking deliverables across all transaction parties
- Partner with Apollo, Athene, and Apollo platform companies, alongside legal counsel, bank partners, and rating agencies, to drive deals from launch through pricing and close
- Review and provide input on term sheets, PPMs, and offering documents
Analytics & Modeling - Build, maintain, and automate Intex and Excel cashflow models for rating agency and internal scenarios, including waterfall mechanics and bond cashflow analytics
- Perform loan tape analysis: stratifications, data validation, and tape-to-tape diligence on designated collateral
- Run securitization arbitrage on market pools and maintain the arbitrage blotter
- Track securitization designated-loan performance, settlement, and diligence status; produce daily pricing runs to inform market risk
- Maintain market color database and transaction comp sheets to inform arbitrage inputs and structural calibration
- Prepare securitization structure reports for review by traders to inform pricing decisions on a daily basis or ad-hoc
- Maintain and optimize current pools slated for securitization
Rating Agency & Documentation - Run rating agency models to derive collateral assumptions and stress scenarios that inform structural decisions
- Prepare rating agency presentations and manage agency engagement through close
- Support documentation review and structural negotiation alongside senior structurers and counsel
Marketing & Process - Prepare investor marketing materials, roadshow decks, and pricing supplements
- Coordinate with banks, syndicate, and trading through pricing and closing
- Contribute to post-close surveillance and ongoing portfolio analytics
Qualifications and Experience - 3+ years of RMBS structuring experience; ideal candidates will have experience working at investment banks, or other RMBS issuers
- Proficient in Intex (dealmaker and calc) and Excel cash flow modeling, VBA a plus
- Programming languages as a plus (C# and C++)
- Familiarity with various mortgage products, how they are modeled and their associated economics
- Working knowledge of agency methodologies across RMBS
- Excellent written and verbal communication skills, including ability to present complex information clearly
- Highly organized with strong time management; proven ability to manage multiple workstreams simultaneously under tight deadlines
- Thrives in a fast-paced, collaborative environment
- Intellectually curious, detail-oriented, and receptive to constructive feedback
- Bachelor's degree in finance, accounting, mathematics or a related field with strong academic credentials
Pay Range$175,000 - $200,000
The base salary range for this position is listed above and is dependent on individual candidate experience and skills. 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 experience and expertise, and may vary from the amounts listed here.
