VP Credit Risk - Private Credit/BDCs

About Our Client

Large global investment bank.

Job Description Credit Approval

• 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

Structuring & Risk Mitigation

• 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

Documentation Oversight

• 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

Portfolio Monitoring

• 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

Additional responsibilities

• 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

The Successful Applicant Experience & qualifications

• 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

ATechnical knowledge

• 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

Skills & attributes

• 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

What's on Offer

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