VP Credit Risk - Private Credit/BDCs

Credit approval for NAV & asset‑backed facilitiesComplex fund structures and portfolio‑level riskAbout Our ClientLarge global investment bank.Job DescriptionCredit ApprovalLead credit risk analysis for NAV‑based and asset‑backed lending transactionsAssess fund structures, leverage profiles, underlying asset pools and cash flow durabilityEvaluate downside cases, stress scenarios and recovery outcomesFormulate independent risk recommendations for credit committees and senior approversStructuring & Risk MitigationReview proposed transaction structures to ensure appropriate risk protectionsAnalyse advance rates, borrowing bases, eligibility criteria and concentration limitsAssess covenant packages, triggers, cash controls and amortisation featuresDistinguish risk characteristics of NAV and asset‑backed lending versus subscription facilitiesDocumentation OversightReview term sheets and legal documentation from a credit risk perspectivePartner with legal and front‑office teams to ensure risk terms are accurately reflectedIdentify and escalate structural or documentation issues prior to approval and closingPortfolio MonitoringOversee ongoing risk performance of approved exposuresReview periodic reporting, valuations and covenant complianceMonitor concentration, collateral quality and emerging risk trendsRecommend risk actions, amendments or escalations as requiredAdditional responsibilitiesPrepare credit memoranda and committee materials for internal governance forumsContribute to the development and refinement of underwriting standards and risk policiesSupport internal audit, regulatory reviews and portfolio risk reportingCollaborate with coverage, portfolio management, finance and operations teamsThe Successful ApplicantExperience & qualifications6-10+ years' experience in credit risk, underwriting or portfolio risk within a bankExposure to fund finance, private credit lending or structured credit productsDirect experience with NAV‑based or asset‑backed lending preferredFamiliarity with formal credit approval processes and committeesBachelor's degree required; advanced or professional qualifications preferredATechnical knowledgeStrong understanding of credit analysis, collateral assessment and structural protectionsKnowledge of private credit fund and BDC mechanicsAbility to interpret financial models, stress tests and valuation materialsSkills & attributesIndependent, disciplined risk mindset with sound judgementHighly analytical with strong attention to detailClear and concise communicator with senior stakeholdersComfortable challenging assumptions and negotiating risk mitigantsAbility to manage multiple transactions and deadlinesAdvanced Excel skills essential; experience with risk or data tools is beneficialWhat’s on Offer$160,000 - $200,000 base salary.ContactLauren Van ManenQuote job refJN-052026-7016530Job summaryFunctionCFO & Financial ManagementSubsectorCFO & Financial Management SubsectorIndustryFinancial ServicesLocationNew YorkContract typePermanentConsultant nameLauren Van ManenJob referenceJN-052026-7016530About Page ExecutivePage Executive are inclusive Recruiters and Hirers, as reflected in our Clear Assured Platinum Standard Accreditation from the Clear Company. We are passionate about attracting diverse talent and are committed to ensuring our processes are inclusive and supportive.