VP, Private Equity Credit Risk

The Vice President, Private Equity Credit Risk oversees credit risk assessment and portfolio monitoring for private market counterparties, including private credit funds, BDCs, asset managers and registered funds. The role focuses on underwriting, exposure management, covenant oversight and ongoing risk surveillance across complex fund and investment structures.

Client Details

Large bank located in Midtown.

Description

• Conduct in‑depth credit analysis of private equity and private credit platforms, including fund‑level and manager‑level risk.
• Evaluate investment strategies, leverage, liquidity, capital structures and governance frameworks.
• Review and approve credit limits, financing terms and risk ratings in line with internal risk appetite.
• Prepare detailed credit memoranda and recommendations for senior risk committees.

• Perform ongoing surveillance of approved counterparties, including NAV trends, portfolio performance and concentration risk.
• Monitor covenant compliance, reporting obligations and key risk indicators.
• Identify emerging risks and recommend mitigation actions, including exposure adjustments or enhanced monitoring.
• Assess market and idiosyncratic risks impacting private credit portfolios and fund vehicles.

• Assess credit risk across a range of structures, including private credit funds, BDCs, managed accounts and registered fund vehicles.
• Review legal structures, investor bases, liquidity terms and structural protections.
• Partner with internal stakeholders on new product approvals, fund financing and strategic initiatives.

• Act as a trusted risk partner to investment, financing, legal and portfolio management teams.
• Provide clear, balanced risk guidance while supporting business growth objectives.
• Contribute to policy development, process enhancements and risk framework improvements.

Profile

• Bachelor's degree in Finance, Economics, Accounting or a related discipline.
• Typically 8-12+ years of experience in credit risk, private equity, private credit or fund finance.
• Strong knowledge of private market investment strategies, fund structures and leverage.
• Experience with BDCs, asset managers and registered fund vehicles preferred.
• Excellent analytical, judgement and problem‑solving skills.
• Strong written and verbal communication skills with the ability to influence senior stakeholders.
• Comfortable operating in fast‑paced, judgement‑driven environments.

Job Offer

• $150,000 - $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.