Director - Asset Backed Finance

Position Overview

ABOUT APOLLO

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 credit to private 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. As of March 31, 2025, Apollo had approximately $785 billion of assets under management. . To learn more, please visit www.apollo.com.

OUR PURPOSE AND 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. 

Quantitative Strats manage the firm’s pricing and risk model libraries across all Apollo’s front-office businesses. This Director/Principal role, in Mumbai, offers opportunities to work on a variety of vendor models and high-performance computing (HPC) products supporting diverse pricing and risk systems across Fixed Income spectrum.

As a Director/Principal within Global Quantitative Analytics – Asset Backed Finance, Quant Strat, you will lead the Mumbai ABF team, and also develop and maintain advanced models and libraries for pricing and risk management related to Securitized Products like Mortgages, NPLs, NAV Financing, Music Receivables. The Quant Strats team uses financial engineering, data analytics, statistical modeling, and portfolio optimization techniques to build Portfolio Mgmt tools for day to day fund management by Apollo across 500+ Funds. As a global team, we partner with traders, Portfolio Managers, Actuaries and Risk managers across all products and regions, contributing to fund placement and client interaction, product innovation, valuation and risk management, & portfolio optimization. We are looking for an experienced quantitative strategist to lead our ABF team in Mumbai, and work closely with the Portfolio Managers to design, build, and risk manage Bouquet of Asset Backed Products.

Job Responsibilities:

• Understand Portfolio and Risk management of various Asset Backed Products including ability to structure transactions

• Able to process through live ABF deals, price them and ultimately execute them with banks / originators / platforms

• Participate in building analytical tools for risk analysis or develop software library that prices Asset Backed Securities and calculates risks in C++/Python, designing efficient numerical algorithms and implementing high performance computing solutions;

• Maintain and support the core library frameworks and suitable library interfaces which can interact efficiently with the firm’s risk platform;

• Build efficient algorithms leveraging vectorization and parallelization, compilers, architecture of cross-asset pricing engines and optimizing code for specific hardware, from today’s production staples to future disruptive innovations;

• Support end users of the library and communicate with desk-aligned quant teams and technology groups

Qualifications & Experience

Required qualifications, capabilities, and skills:

• Deep expertise in Asset Backed Finance Market dynamics with good exposure to RMBS structures, reverse mortgages, HELOCs, HEI RMBS, NPLs, CLOs and consumer ABS

• You have an advanced degree in quantitative subject (such as comp science, mathematics)

• An advanced mathematics used in financial modeling including topics such as calculus, numerical analysis, optimization, and statistics.

• You demonstrate proficiency in code design and programming skills, with primary focus on C++ or Python and you can also turn your hand to other tools and technologies as required.

• You’re passionate about software design and writing high quality code;

• You demonstrate quantitative, problem solving, research and analytical skills

• You have strong interpersonal skills – you listen and communicate in a direct, succinct manner

Preferred qualifications, capabilities and skills:

• You bring computer programming experience such as use of C++/Python

• You demonstrate quantitative and problem-solving skills;

• Experience of financial markets and familiarity with general trading concepts and terminology

• Knowledge of derivatives pricing theory, trading algorithms, and/or financial regulations.

• You quickly grasp business concepts outside immediate area of expertise and adapt to rapidly changing business needs;

• You’re attentive to detail and easily adaptable;

• You’re enthusiastic about knowledge sharing and collaboration;

Apollo provides equal employment opportunities regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, veteran status, gender/sex or sexual orientation, or any other criterion or circumstance protected by applicable law, ordinance, or regulation. The above criteria are intended to be used as a guide only – candidates who do not meet all the above criteria may still be considered if they are deemed to have relevant experience/ equivalent levels of skill or knowledge to fulfil the requirements of the role. Any job offer will be conditional upon and subject to satisfactory reference and background screening checks, all necessary corporate and regulatory approvals or certifications as required from time to time, and entering into definitive contractual documentation satisfactory to Apollo.