Principal – Private Credit Risk Management

Role Overview

• Enhance and operationalize the private credit risk framework, ensuring its consistent application across all stages of the credit lifecycle.
• Provide independent oversight and challenge of the first line of defense's loan covenant monitoring and enforcement activities.
• Conduct thorough due diligence on potential and existing asset managers.
• Oversee the day-to-day operations of the private credit investment portfolio.
• Provide a strong, independent challenge to First Line of Defense (FLOD) activities, risk metrics, and established risk limits.
• Identify critical capability needs within the risk management function and champion initiatives.
• Communicate complex risk analyses and findings concisely to senior stakeholders, committees, and investment professionals.
• Maintain expert knowledge of financial markets, emerging risks, and complex asset classes relevant to private credit.
• Work closely with internal teams, including investment, underwriting, legal, and finance, to align private credit strategy and ensure operational excellence.

Requirements

• Bachelor's degree in Economics, Finance, Accounting, or a related quantitative discipline
• 10 years of experience as a financial analyst, portfolio manager, or researcher
• 5-6 years of experience with managing, monitoring, and/or oversight of a private credit book of business
• Experience with covenant analysis, loan documentation, and asset manager due diligence and monitoring processes.
• Demonstrated strategy development and thought leadership within the asset management industry.
• Leading-edge knowledge and expertise in theories, techniques, and technologies within the financial risk industry, with a focus on private credit.
• Ability to interpret financial data, assess market trends, and perform due diligence.
• Proficiency in financial modeling, Excel, and financial software for the analysis of large datasets
• Expert knowledge of financial markets and emerging risks impacting investment portfolio performance, specifically within private credit.
• Expert knowledge of complex asset classes such as asset-backed securities, mortgage-backed securities, and/or alternative investments.
• Mastery of consulting skills with proven experience communicating analytical and modeling results to non-technical business partners, with an emphasis on business recommendations and actionable applications of results.
• Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) professional designation is highly desirable.
• Familiarity with Value-at-Risk (VaR), stress testing, and scenario analysis
• Familiarity with insurance industry regulations and risk management expectations for Limited Partnerships (LPs).

Benefits

• comprehensive medical, dental and vision plans
• 401(k)
• pension
• life insurance
• parental benefits
• adoption assistance
• paid time off program with paid holidays plus 16 paid volunteer hours
• various wellness programs
• career path planning and continuing education