Associate Director, Credit Risk, Direct Lending

Macquarie Bank Limited; Greater London; Hybrid; GBP 120,000 - 170,000; Full time

Benefits offered by this job

Wellbeing leave

Parental leave

Fertility leave

Volunteer leave

Salary sacrifice

Medical and life insurance

Employee assistance

Job summary

Macquarie Bank Limited seeks an Associate Director in Credit Risk for Direct Lending. You will assess, structure and oversee Direct Lending transactions, analysing complex opportunities and presenting clear risk-based recommendations to senior stakeholders.

The role involves building relationships across the business, advancing the team’s risk approach, and delivering leadership and coaching within a hybrid environment requiring 3 days in the advertised location.

Qualifications

• 10+ years of credit risk experience, ideally in direct lending or private credit.
• Strong expertise in financial analysis and credit assessment.
• Experience leading and mentoring team members in high-performance environments.
• Excellent communication and stakeholder management to influence senior colleagues.
• Proactive and solutions-focused with ability to manage multiple priorities.

Responsibilities

• Partner with Macquarie Capital to assess, structure and oversee Direct Lending transactions throughout the investment lifecycle.
• Analyse complex opportunities, evaluate risks and present clear recommendations to senior stakeholders.
• Build trusted relationships across the business and contribute to developing the team’s risk approach and capabilities.
• Provide leadership, coaching and people management support within the Risk Management Group.

Skills

Credit risk

Financial analysis

Credit assessment

Stakeholder management

Leadership & mentoring

Communication

Job description

Associate Director, Credit Risk, Direct Lending

Shape the future of private credit investing while helping to manage risk in some of the most complex transactions across Europe. Joining the Credit Risk team within the Risk Management Group, you will work closely with Macquarie Capital to support innovative direct lending investments, providing independent insight and challenge that helps drive informed decision-making and long-term success.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

What role will you play?

As an Associate Director within the Risk Management Group, you will partner closely with Macquarie Capital to assess, structure and oversee Direct Lending transactions throughout the investment lifecycle. Combining strong credit judgement with commercial awareness, you will analyse complex opportunities, evaluate risks and present clear recommendations to senior stakeholders, helping to support sound investment decisions. You will build trusted relationships across the business, contribute to the ongoing development of the team’s risk approach and capabilities, and provide leadership, coaching and people management support within the team.

While Macquarie offers hybrid working for many of our roles, this role does require 3 days a week in our advertised location.

What you offer

• 10+ years of credit risk experience, ideally gained within direct lending, private credit or leveraged finance environments
• Strong expertise in financial analysis, credit assessment and reviewing transaction and financing documentation
• Demonstrated experience leading, developing and mentoring team members in a high-performance environment
• Excellent communication and stakeholder management skills, with the ability to influence and challenge senior colleagues constructively
• A proactive, adaptable and solutions-focused approach, with the ability to manage competing priorities and deliver high-quality outcomes in a dynamic environment

What we offer

At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Paid fertility leave for those undergoing or supporting fertility treatment
• 2 days of paid volunteer leave and donation matching
• Access to a wide range of salary sacrificing options
• Benefits and initiatives to support your physical, mental and financial wellbeing including, comprehensive medical and life insurance cover
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Access to company funded emergency and backup dependent care services
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

About the Risk Management Group

Our Risk Management Group works as an independent, and centralised function, responsible for independent and objective review and challenge, oversight, monitoring and reporting in relation to Macquarie’s material risks. We are a global team that aims to manage the risks of today and anticipate the risks of tomorrow. Our divisions include compliance, credit, financial crime risk, market risk, operational risk, aggregate risk and prudential, and central.

Inclusion at Macquarie

We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected. Macquarie provides access to opportunities for all individuals regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background.
We provide reasonable adjustments to individuals who may need support during the recruitment process and employment. If you require an adjustment, please let us know during the application process.