Senior Associate / Associate Director - Portfolio & Credit Management

Investec – Where Out of the Ordinary Happens

At Investec, we do things differently. We're a leading international bank and wealth manager built on a culture of curiosity, entrepreneurial spirit and human connection. Ideas are heard, ambition is celebrated, and impact is encouraged. As part of a team that challenges convention and strives for outperformance, you'll help shape bold solutions for clients who expect something more than the ordinary.

Senior Associate / Associate Director, Private Credit Management – Direct Lending (DACH Focus)
Investec – Where Out of the Ordinary Happens

At Investec, we do things differently. We're a leading international bank and wealth manager built on a culture of curiosity, entrepreneurial spirit and human connection. Ideas are heard, ambition is celebrated, and impact is encouraged. As part of a team that challenges convention and strives for outperformance, you'll help shape bold solutions for clients who expect something more than the ordinary.

About the team:

Investec Direct Lending (“IDL”) is a leading private debt manager focused on the lower mid-market, with over €3bn AUM and a 14+ year track record. The team specialises in senior-secured and flexible capital solutions across the UK and mainland Europe (Benelux and DACH), supporting both sponsor-backed and privately-owned businesses.

Private Credit Management (“PCM”) is a dedicated investment management function focused on proactive coverage of existing borrower relationships and managing the credit and operational risk of the portfolio. The team works closely with origination and broader Investec teams to deliver ongoing value, capital solutions, and strategic dialogue with clients.

This role sits within PCM and focuses on managing the DACH portfolio (~35 clients, £600m+ financing across 19 sponsors), supporting the continued growth of the platform and optimisation of capital and returns.

What will I be doing?

• Managing and monitoring a portfolio of private credit investments across the DACH region, including performance, covenant compliance and risk identification
• Supporting new money opportunities for existing borrowers, including add-ons, upsizes and proactive capital structure reviews
• Building and maintaining relationships with C-Suite stakeholders to drive strategic engagement and identify growth opportunities
• Collaborating with origination, credit, product, M&A and broader Investec teams to deliver integrated client solutions
• Contributing to business development by supporting the ‘One Investec' strategy across products including PE coverage, FX and treasury
• Supporting portfolio reviews, credit processes, amendments, waivers and restructuring scenarios where required
• Operating within a robust risk and governance framework, actively identifying and escalating emerging risks

What do I need to bring?

• Proven experience in lower/mid-market private debt investing or credit management
• Strong knowledge of the DACH and wider European credit markets
• Experience in credit underwriting, portfolio management and restructuring processes
• Strong financial analysis and credit assessment capabilities
• Experience negotiating credit agreements and managing stakeholders across complex transactions
• Strong understanding of internal credit processes, governance and regulatory requirements
• Fluency in both German and English

I am good at:

• Building trusted relationships with senior stakeholders, including sponsors and management teams
• Analysing financial performance, identifying risks and delivering clear, actionable insights
• Working collaboratively across teams to deliver client solutions
• Managing multiple priorities in a dynamic, fast-paced environment
• Communicating effectively and influencing stakeholders at all levels
• Leading and contributing to high-performing teams with a strong sense of accountability

As part of our collaborative & agile culture, our working week is 4 days in the office and one day remote. We believe that being together enables us to live our values and support our clients and communities in an extraordinary way.

Investec offers a range of wellbeing benefits to make our people feel healthier, balanced and more fulfilled in their lives inside and outside of work. You can find a list of our benefits here

Embedded in our culture is a sense of belonging and inclusion. At Investec we want everyone to find it easy to be themselves, and to feel they belong. It's a responsibility we all share and is integral to our purpose and values as an organisation. We believe that innovation thrives when everyone feels respected, included, and empowered to contribute.

We actively seek out diverse talent and foster an inclusive environment, encouraging applications from people of all backgrounds and experiences. Here, you'll find networks, benefits, and development opportunities designed to support your career journey, wherever it may lead.

If this role excites you but you don't meet every requirement, we'd still love to hear from you. Your unique perspective and experience could be exactly what we are looking for. Get in touch!

At Investec, we're deeply invested in our clients, our colleagues, and our communities. It's more than a mindset; it's how we show up every day.

Be part of something Out of the Ordinary.

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