AVP Asset Liability Management

Apollo

$184K — $276K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 8+ years in asset liability management, investment management, or relevant fields.
  • 4+ years of leadership experience in complex multidisciplinary initiatives.
  • Expertise in ALM principles, fixed income assets, and derivatives.
  • Strong problem-solving and analytical skills, advanced Excel required.
  • Experience with Python, SQL, or data visualization tools preferred.
  • Bachelor’s degree in finance, economics, or related field, MBA or relevant designation preferred.

Responsibilities

  • Lead ALM assumption and model governance with independent reviews and clear documentation.
  • Monitor entity and portfolio-level ALM, assessing liquidity and risk exposures.
  • Collaborate with Apollo and departments to shape ALM initiatives and strategies.
  • Evaluate asset allocation and ALM objectives, identifying risks and opportunities.
  • Serve as a technical advisor to VP, delivering analyses on market developments and regulatory matters.
  • Advance ALM analytics and reporting capabilities, resolving inconsistencies and enhancing governance.

Benefits

  • Comprehensive health and wellness programs.
  • Retirement plan contributions and options for financial growth.
  • Opportunities for continuous professional development and certifications.
  • Flexible work arrangements promoting work-life balance.
Full Job Description

Purpose:

The Associate Vice President, Asset Liability Management (ALM) will serve as a senior technical leader and trusted advisor within Athene's ALM function, shaping how the company identifies, measures, manages, and communicates asset-liability risk across its retirement platform. This role will influence ALM governance and best practices across assumption setting, strategic asset allocation, hedging, liquidity, capital, and model oversight while providing independent, decision-ready insights on complex and business-critical issues.

Working closely with senior leaders across Athene and Apollo, you will translate market, investment, liability, capital, and regulatory dynamics into actionable recommendations that influence strategic and governance decisions. This is an opportunity to combine Athene's scale and continued growth in retirement services with Apollo's investment capabilities while advancing innovative, disciplined approaches to risk management and long-term value creation. You will join a culture that values trust, active engagement, ownership, adaptability, and making things happen. Athene's BEAM values emphasize knowledge sharing, active engagement, accountability, urgency, continuous improvement, and trying new approaches.


Accountabilities:

  • Lead and advance ALM assumption and model governance, providing independent review and challenge of key assumptions, methodologies, model applications, and controls used across pricing, planning, portfolio management, valuation and risk reporting. Drive clear documentation, disciplined change governance, and consistent application of approved practices.
  • Drive entity and portfolio level ALM and asset allocation oversight, evaluating duration, cash flow mismatches, liquidity convexity, basis risk, and other material exposures. Monitor positioning relative to Athene's ALM Risk Policy and assess implications for reserves, capital, earnings, liquidity, and risk appetite.
  • Partner with Apollo and leaders across Investments, Actuarial, Finance, Risk, Treasury, and Corporate Development to shape strategic ALM initiatives, hedging strategies, strategic asset allocation, and capital markets assumptions, bringing disciplined analysis and effective challenge to cross functional decisions.
  • Evaluate assignments across strategic asset allocation, pricing, portfolio mandates, and entity level ALM objectives considering U.S and Bermuda regulatory, reserving, capital, liquidity, and cash flow testing implications and identifying emerging risks, trade-offs, and opportunities requiring management attention.
  • Serve as a senior technical advisor and trusted delegate to the VP, ALM, delivering timely analysis on market developments, interest rate exposures, transaction activity, regulatory matters, and other business critical issues and communicating recommendations to senior management, governance committees, asset managers and regulators.
  • Advance ALM analytics, reporting, and decision support capabilities by establishing authoritative reporting sources, reconciling results across systems and methodologies, resolving material inconsistencies, and applying automation and AI-enabled tools appropriately while maintaining strong governance, validation, controls and independent judgment.


Qualifications and Experience:

  • 8+ years of experience in asset liability management, investment management, insurance risk management, fixed-income portfolio management, derivatives, actuarial modeling, capital management, or relevant professional experience preferred.
  • 4+ years of formal or informal leadership preferred, including demonstrated technical and project leadership across complex, multidisciplinary initiatives and the ability to influence senior stakeholders and drive alignment without direct authority.
  • Expertise in ALM principles, fixed income assets, insurance liabilities, derivatives, financial modeling, cash flow analysis, and key-rate risk, with familiarity across relevant U.S. and Bermuda regulatory, reserving, and capital frameworks.
  • Strong critical-thinking, quantitative, problem solving, organizational and communication capabilities, with advanced Excel skills required; experience with Python, SQL, data visualization, or similar analytical tools preferred.
  • Demonstrated ability to act like an owner and make it happen by working with urgency, adapting to changing conditions, constructively challenging assumptions, collaborating across Athene and Apollo, and using innovation and AI-enabled tools appropriately to improve analysis and decision-making.
  • Bachelor’s degree in finance, economics, mathematics, actuarial science, or a related field, or equivalent experience; MBA, CFA, FRM, FSA, or another relevant professional designation preferred.


$184,478.40 - $276,717.60 USD Annual


Annual Salary for this role is market competitive.  Actual salary for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.  Depending on the role, a discretionary bonus plan or variable sales incentive may be included.

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