Alcentra: Chief Investment Officer - Private Credit

BNY Mellon
London, United Kingdom
23 Oct 2021
05 Nov 2021
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Purpose :
  • Drive strong investment performance Alcentra's private credit strategies
  • Help develop and implement Alcentra's business strategy to grow in the alternative credit market
  • Assist the CEO in transforming the Alcentra culture and brand from being a reliable credit expert to a dynamic credit partner focused on collaboration, creativity and commitment
  • Serve as a thought partner and sounding board to the CEO on all manner of business issues
  • Drive better coordination with our parent, BNY Mellon, to leverage their extensive global resources to drive business performance

Key Responsibilities :
  • Oversee the private credit process at Alcentra from idea generation to execution, including diligence, approval and monitoring
    • Chair the private credit investment committee
    • Work with the team on continued improvements to drive performance
  • Serve as the lead portfolio manager in most of Alcentra's direct lending and private credit strategies
  • Actively participate on various internal efforts and committees including valuation and risk
  • Represent Alcentra to stakeholders including BNY sales teams, BNY Wealth Management, outside investors and consultants
  • Support development of new products and strategies
  • Serve as a principal spokesperson for Alcentra's private credit strategies to the trade press and general media
  • Maintain relationships with providers of financing and key private equity sponsors
  • Manage all aspects of human capital management and development including performance reviews, compensation and the hiring of experienced team members
  • Evaluate new business opportunities including possible acquisitions and business partnerships

Nature of the Work:
  • This executive possesses a track record of meeting crucial deadlines, progress goals, and is accustomed to work hours similar to high performance professional service firms
  • This role carries a high degree of responsibility and decision-making ability
  • Modest travel is required as this individual will be a point person with investors around the world

Experience required:
  • Proven track record as a portfolio manager and leader of a credit business
  • Strong existing investor relationships and credibility with allocators of credit including consultants and advisors as well as LPs
  • Ability to provide strong leadership, mentoring and problem-solving guidance to investment team members
  • Expert knowledge of the private credit market and understanding of the broader credit markets
  • Excellent analytical skills and quantitative orientation
  • Strong working knowledge of fund structures including closed-end funds and separately managed accounts
  • Candidates will have a strong analytical framework to process complicated issues and problem solve and have a bias for action. Intellectual leadership and first-line business judgement are essential
  • Given the strong communication requirements, the CIO should be a native/fluent English speaker who has extensive experience interacting with investors and media outlets
  • Must be a team builder, with ability to develop/supervise professionals while keeping production up/team on task. The individual should have a growth mindset, must be a team player, have exceptional interpersonal/influencing skills, a positive attitude and humble on the ego scale

Preferred Qualifications:
  • Master's degree in Business Administration or similar field or CFA Certificate
  • Experience operating in a regulated financial environment, especially in the US or UK

BNY Mellon is an Equal Employment Opportunity/Affirmative Action Employer. Minorities/Females/Individuals With Disabilities/Protected Veterans.

Our ambition is to build the best global team - one that is representative and inclusive of the diverse talent, clients and communities we work with and serve - and to empower our team to do their best work. We support wellbeing and a balanced life, and offer a range of family-friendly, inclusive employment policies and employee forums.

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