VP Credit Risk - Private Credit/BDCs

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

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.