VP Credit Risk - Private Credit/BDCs

Credit approval for NAV & assetbacked facilities Complex fund structures and portfoliolevel risk About Our ClientLarge global investment bank. Job DescriptionCredit Approval Lead credit risk analysis for NAVbased and assetbacked 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 assetbacked lending versus subscription facilities Documentation Oversight Review term sheets and legal documentation from a credit risk perspective Partner with legal and frontoffice 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 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. The Successful ApplicantExperience & 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 NAVbased or assetbacked 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. Contact Lauren Van Manen Quote job ref JN-052026-7016530