Principal, Private Credit Risk Management

About the role

This role requires a seasoned professional to manage and oversee risk within the Private Credit book of business, ensuring alignment with strategic objectives. The Principal will be instrumental in enhancing the existing risk framework and applying it across the entire Second Line of Defense (SLOD) Private Credit lifecycle. A key aspect of this position involves identifying and prioritizing capabilities needed to effectively manage risk and support strategic execution. This includes deep expertise in covenant oversight, comprehensive asset manager due diligence and monitoring, and leveraging industry best practices derived from leading insurance LPs and institutional allocators. The Principal will play a crucial role in the oversight of private credit risk management and communicating this vision to leadership. We offer a flexible work environment that requires an individual to be in the office 4 days per week. This position can be based in one of the following locations: San Antonio, TX, Plano, TX, Phoenix, AZ, Colorado Springs, CO, Charlotte, NC, or Tampa, FL. Relocation assistance is available for this position.

Responsibilities

• Reporting and Communication: Communicate complex risk analyses and findings concisely to senior stakeholders, committees, and investment professionals. Ensure transparent and accurate reporting to senior leaders, translating complex findings into a prioritized capability narrative.
• Collaboration: Work closely with internal teams, including investment, underwriting, legal, and finance, to align private credit strategy and ensure operational excellence. Engage with stakeholders across the 2nd-line lifecycle to discuss capabilities and the effectivenes

Benefits

Additional Information

Why USAA? At USAA, our mission is to empower our members to achieve financial security through highly competitive products, exceptional service and trusted advice. We seek to be the #1 choice for the military community and their families. Embrace a fulfilling career at USAA, where our core values - honesty, integrity, loyalty and service - define how we treat each other and our members. Be part of what truly makes us special and impactful. We are proud to support active-duty military spouses. USAA roles may offer remote or hybrid flexibility for active-duty military spouses consistent with applicable policy and business needs.

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