Principal, ALM & Portfolio Manager

Position Overview

Apollo Global Management is a leading alternative asset manager with ~$800bn AUM including~$350bn at retirement services subsidiary Athene. Apollo Insurance Solutions Group (ISG) bridges the two organizations by matching Athene insurance capital to Apollo Global Management assets.

We are hiring a Principal for ISG’s portfolio management business with a focus on Athene’s growing APAC insurance business. The business wins liabilities from cedant insurers by adding value through bespoke hedging and investment strategies. Your mission is to blend specialist insights—pricing, derivatives, risk, allocations, finance, and reporting—into asset-strategy recommendations for new treaties and optimization ideas for the in-force book. The remit spans Bermuda, Los Angeles, New York, and occasionally Tokyo. The suits ambitious professionals who relish high-impact collaboration.

Primary Responsibilities:

• Price New Business – Construct strategic-asset-allocation (SAA) and hedge proposals to package into a deal-pricing deck
• Deal Deployment - Coordinate asset purchases and hedge execution so cash flows, capital, and liquidity align on day one
• In-Force Management & Optimization - Monitor combined asset/liability/hedge performance, liquidity, and capital efficiency; Create rebalancing ideas and drive model & data enhancements
• Stakeholder Integration – Facilitate cross-functional forums to discuss deal pricing and performance
• Hedge & ALM Alignment – Partner with the derivatives desk to design and monitor FX/IR hedges; assess effectiveness and recommend refinement
• Model Stewardship & Insight Generation – Define requirements for Python- or Excel-based ALM tools; steer quant resources; run scenarios and translate outputs into actionable recommendations.
• Performance Reporting – Produce concise management and board packs that attribute results across assets, liabilities, and hedges while highlighting optimization opportunities.
• Process Advancement – Promote best practices and new ideas through influence and collaboration

Qualifications & Experience

• FX & IR hedge expertise – Direct experience collaborating with a derivatives desk on hedge design and monitoring.
• ALM depth & SAA construction – Strong command of duration and cash-flow matching for life-insurance liabilities and hands-on involvement in strategic-asset-allocation design.
• Stakeholder-management excellence – Ability to synthesize diverse inputs, lead virtual meetings across multiple time zones, and build consensus
• Entrepreneurial drive – Self-starter who enjoys building processes in a flat, idea-driven setting; comfortable with outcome-oriented schedules beyond standard office hours.
• Quantitative proficiency – Skilled at running and interpreting Python/Excel/ALM models; able to guide quants and validate results (coding not required).
• Experience – 8+ years in insurance ALM management, treasury, or a related function.
• Qualifications – Qualified Actuary, CFA Charterholder or similar professional designation.

Preferred Qualifications:

• Regulatory & reporting fluency – Understanding of US STAT, US GAAP, and US Tax frameworks, plus familiarity with market-value regimes (EBS, Solvency II, ICS).
• Market-risk & stress testing – Experience developing liquidity and market-risk metrics, including bespoke stress scenarios.
• Performance attribution – Proven ability to attribute performance across a combined asset, liability, and hedge portfolio.
• Collateral / CSA familiarity – Knowledge of reinsurance collateral structures and VM/IM processes.
• Quant toolkit leadership – Ability to scope, project-manage, and review/validate enhancements to Python- or Excel-based analytical tools.
• Executive storytelling – Skill in crafting board-quality slide decks and narratives.
• Academic credentials  – Degree in Mathematics, Statistics, Engineering, Finance, Economics, or a comparable quantitative discipline.

Firm 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 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 reti