VP, Private Equity Credit Risk

About Our Client

Large bank located in Midtown.

Job Description

• Senior ownership of private market credit portfolios
• High exposure to private credit, BDCs and fund structures

Credit Risk Assessment & Underwriting

• 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.

Portfolio Monitoring & Risk Management

• 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.

Fund Structures & Products

• 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.

Governance & Stakeholder Engagement

• 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.

The Successful Applicant

• 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.

What's on Offer

• $150,000 - $200,000 base salary.