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Associate, RMBS Structuring & Advisory

Redding Ridge Asset Management

El Segundo Office 2121 Rosecreans Ave Suite 5300 El Segundo4w ago
Seniority
Junior

About the role

<table style="width: 100%; height: 1128.12px;" data-tablestyle="MsoNormalTable" data-tablelook="480"> <tbody> <tr style="height: 212.75px;"> <td style="width: 99.9645%; height: 212.75px;" data-celllook="257"> <p><strong><u>About Redding Ridge Asset Management</u></strong></p> <p><span class="TextRun Highlight SCXW256712817 BCX8" lang="EN-GB" data-contrast="auto"><span class="NormalTextRun SCXW256712817 BCX8">Redding Ridge Asset Management LLC (“Redding Ridge”) was&nbsp;</span><span class="NormalTextRun SCXW256712817 BCX8">established</span><span class="NormalTextRun SCXW256712817 BCX8">&nbsp;and seeded by Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”) in 2016. Redding Ridge has assets under management of approximately $44.</span><span class="NormalTextRun SCXW256712817 BCX8">5</span><span class="NormalTextRun SCXW256712817 BCX8">&nbsp;billion as of&nbsp;</span><span class="NormalTextRun SCXW256712817 BCX8">September 30, 2025</span><span class="NormalTextRun SCXW256712817 BCX8">. Redding Ridge’s primary business consists of acting as collateral manager for CLO transactions and related warehouse facilities in both the U.S. and Europe. Redding Ridge also provides structuring and advisory services to issuers across various asset classes.</span></span><span class="EOP Selected SCXW256712817 BCX8" data-ccp-props="{&quot;134245417&quot;:false,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <p><span data-contrast="auto">Redding Ridge’s Structuring &amp; Advisory team plays&nbsp;a central role&nbsp;in managing Redding’s ~$44 billion of debt across&nbsp;broadly&nbsp;syndicated&nbsp;CLOs and&nbsp;senior&nbsp;unsecured&nbsp;bonds, while&nbsp;serving&nbsp;as the primary structuring partner to&nbsp;Apollo’s Private Credit and Asset-Backed Finance initiatives. Redding Ridge’s&nbsp;mandate&nbsp;spans&nbsp;Apollo’s 16&nbsp;origination&nbsp;platforms,&nbsp;multiple issuance shelves, and&nbsp;a broad range of strategic&nbsp;partnerships. Since 2020,&nbsp;the team has&nbsp;helped&nbsp;structure and&nbsp;issue over $225&nbsp;billion&nbsp;of&nbsp;rated&nbsp;debt.&nbsp;Our&nbsp;track record&nbsp;reflects our&nbsp;ability to&nbsp;combine deep structuring&nbsp;expertise&nbsp;across&nbsp;CLOs, ABS,&nbsp;RMBS,&nbsp;Corporate, and Fund&nbsp;Finance&nbsp;to&nbsp;consistently innovate&nbsp;and provide&nbsp;next-generation&nbsp;rated solutions, both public and private.&nbsp;We&nbsp;take a long-term, partnership-oriented&nbsp;view, and our&nbsp;success is a direct result of that&nbsp;approach.</span><span data-ccp-props="{&quot;134245417&quot;:false,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <p><span data-contrast="auto">We are continually seeking&nbsp;structuring&nbsp;&amp; execution&nbsp;professionals who want to accelerate their careers&nbsp;working on some of the most innovative and consequential transactions&nbsp;in a meritocratic,&nbsp;collaborative&nbsp;environment. Team members&nbsp;have the opportunity to&nbsp;grow alongside&nbsp;partner&nbsp;platforms and portfolio companies while gaining exposure to new asset classes and rating methodologies, guided by one of the most accomplished structuring teams in the industry.</span><span data-ccp-props="{&quot;134245417&quot;:false,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> </td> </tr> <tr style="height: 657.844px;"> <td style="width: 99.9645%; height: 657.844px;" data-celllook="257"> <p><span style="text-decoration: underline;"><strong><span data-contrast="auto">Primary Responsibilities</span></strong></span></p> <p><span data-contrast="auto">The 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.&nbsp;&nbsp;This is an opportunity to join a growing team&nbsp;as we scale&nbsp;the&nbsp;origination and&nbsp;issuance&nbsp;platform&nbsp;to the&nbsp;next&nbsp;level.</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <p><strong><span data-contrast="auto">Deal Execution</span></strong><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <ul> <li><span data-contrast="auto">Support senior structurers across RMBS transactions including agency, jumbo, Non-QM, CES, HELOC,&nbsp;and&nbsp;RPL/NPL</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Drive execution timelines by tracking deliverables across all transaction parties</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">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</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Review and provide input on term sheets,&nbsp;PPMs, and offering documents</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> </ul> <p><strong><span data-contrast="auto">Analytics &amp;&nbsp;Modeling</span></strong><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <ul> <li><span data-contrast="auto">Build,&nbsp;maintain, and automate Intex and Excel cashflow models for rating agency and internal scenarios, including waterfall mechanics and bond cashflow analytics</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Perform loan tape analysis: stratifications, data validation, and tape-to-tape diligence on designated collateral</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Run securitization arbitrage on market pools and&nbsp;maintain&nbsp;the arbitrage blotter</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Track&nbsp;securitization&nbsp;designated-loan performance, settlement, and diligence status; produce daily pricing runs to inform market risk</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Maintain market&nbsp;color&nbsp;database and transaction comp sheets to inform arbitrage inputs and structural calibration</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Prepare securitization structure reports for review by traders to inform pricing decisions&nbsp;on a daily basis&nbsp;or ad-hoc&nbsp;&nbsp;</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Maintain and&nbsp;optimize&nbsp;current pools slated for securitization</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> </ul> <p><strong><span data-contrast="auto">Rating Agency &amp; Documentation</span></strong><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <ul> <li><span data-contrast="auto">Run rating agency models&nbsp;to derive collateral assumptions and stress scenarios that inform structural decisions</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Prepare rating agency presentations and manage agency engagement through close</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Support documentation review and structural negotiation alongside senior structurers and counsel</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> </ul> <p><strong><span data-contrast="auto">Marketing &amp; Process</span></strong><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></p> <ul> <li><span data-contrast="auto">Prepare investor marketing materials, roadshow decks, and pricing supplements</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Coordinate with&nbsp;banks, syndicate, and trading through pricing&nbsp;and closing&nbsp;</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Contribute to post-close surveillance and ongoing portfolio analytics</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> </ul> </td> </tr> <tr style="height: 257.531px;"> <td style="width: 99.9645%; height: 257.531px;" data-celllook="257"> <p><span style="text-decoration: underline;"><strong><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">Qualifications and Experience&nbsp;</span></strong></span></p> <ul> <li><span data-contrast="auto">3+ years of&nbsp;RMBS&nbsp;structuring experience; ideal candidates will have experience working at&nbsp;investment&nbsp;banks,&nbsp;or&nbsp;other RMBS issuers</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Proficient in Intex (dealmaker and calc) and Excel&nbsp;cash flow&nbsp;modeling, VBA a plus</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Programming languages as a plus (C# and C++)</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Familiarity with various mortgage products, how they are&nbsp;modeled&nbsp;and their associated economics</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;201341983&quot;:1,&quot;335551550&quot;:6,&quot;335551620&quot;:6,&quot;335559740&quot;:266}">&nbsp;</span></li> <li><span data-contrast="auto">Working knowledge of&nbsp;agency methodologies&nbsp;across&nbsp;RMBS&nbsp;</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Excellent written and verbal communication&nbsp;skills,&nbsp;including&nbsp;ability to present complex information clearly</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Highly organized with strong time management;&nbsp;proven ability to manage&nbsp;multiple&nbsp;workstreams simultaneously under&nbsp;tight deadlines</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Thrives in a fast-paced,&nbsp;collaborative&nbsp;environment&nbsp;</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Intellectually&nbsp;curious, detail-oriented, and&nbsp;receptive to constructive feedback</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> <li><span data-contrast="auto">Bachelor's degree in finance, accounting,&nbsp;mathematics&nbsp;or a related field with&nbsp;strong academic credentials</span><span data-ccp-props="{&quot;134245417&quot;:true,&quot;335551550&quot;:6,&quot;335551620&quot;:6}">&nbsp;</span></li> </ul> </td> </tr> </tbody> </table> <p><span style="text-decoration: underline;"><strong><span data-contrast="auto">Pay Range</span></strong></span></p> <p><span data-contrast="auto">$175,000 - $200,000</span></p><div class="content-conclusion"><p style="font-size: 11px;"><em>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.</em></p> <p>&nbsp;</p> <p style="font-size: 9.5px;"><em>Redding Ridge Asset Management and its affiliates comply with applicable discrimination and equal opportunities legislation in all of its jurisdictions and do not discriminate in employment or recruitment based on race, color, religion, gender, national origin, veteran status, disability, age, citizenship, marital or domestic/civil partnership status, sexual orientation, gender identity or expression or any other protected characteristic under applicable law.</em></p> <p>&nbsp;</p></div>

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