VP Credit Risk - Private Credit/BDCs

The role focuses on independent credit assessment and approval of financing provided to private credit funds and business development companies, with an emphasis on NAV‑based and asset‑backed structures rather than subscription facilities.

Client Details

Large global investment bank.

Description

• Lead credit risk analysis for NAV‑based and asset‑backed lending transactions
• Assess fund structures, leverage profiles, underlying asset pools and cash flow durability
• Evaluate downside cases, stress scenarios and recovery outcomes
• Formulate independent risk recommendations for credit committees and senior approvers

• Review proposed transaction structures to ensure appropriate risk protections
• Analyse advance rates, borrowing bases, eligibility criteria and concentration limits
• Assess covenant packages, triggers, cash controls and amortisation features
• Distinguish risk characteristics of NAV and asset‑backed lending versus subscription facilities

• Review term sheets and legal documentation from a credit risk perspective
• Partner with legal and front‑office teams to ensure risk terms are accurately reflected
• Identify and escalate structural or documentation issues prior to approval and closing

• Oversee ongoing risk performance of approved exposures
• Review periodic reporting, valuations and covenant compliance
• Monitor concentration, collateral quality and emerging risk trends
• Recommend risk actions, amendments or escalations as required

• Prepare credit memoranda and committee materials for internal governance forums
• Contribute to the development and refinement of underwriting standards and risk policies
• Support internal audit, regulatory reviews and portfolio risk reporting
• Collaborate with coverage, portfolio management, finance and operations teams

Profile

• 6-10+ years' experience in credit risk, underwriting or portfolio risk within a bank
• Exposure to fund finance, private credit lending or structured credit products
• Direct experience with NAV‑based or asset‑backed lending preferred
• Familiarity with formal credit approval processes and committees
• Bachelor's degree required; advanced or professional qualifications preferred

• Strong understanding of credit analysis, collateral assessment and structural protections
• Knowledge of private credit fund and BDC mechanics
• Ability to interpret financial models, stress tests and valuation materials

• Independent, disciplined risk mindset with sound judgement
• Highly analytical with strong attention to detail
• Clear and concise communicator with senior stakeholders
• Comfortable challenging assumptions and negotiating risk mitigants
• Ability to manage multiple transactions and deadlines
• Advanced Excel skills essential; experience with risk or data tools is beneficial

Job Offer

$160,000 - $200,000 base salary.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.