Credit Technology Lead

BC Partners is a leading alternative investment manager focused on private equity, credit, and real estate, with deep networks across Europe and North America.  BC Partners has been a leader in private markets investing for over 35 years. With c. €40bn in assets under management and offices in London, Hamburg, Paris and New York, the BC Partners organization comprises a private equity platform (“BCP PE”), a credit platform (“BCP Credit”) and a real estate platform (“BCP RE”). All three platforms operate as integrated businesses within the overall BC Partners organization.

Founded in 1986, BC Partners grew and evolved with the development of the European private equity market, consistently maintaining its position as one of the leading buyout firms in the region. It subsequently expanded investment operations to North America to support larger transactions operating more globally and established a successful investment platform for buyouts of businesses based in the U.S. and around the world. The expansion of the Firm’s strategic offering to establish a credit platform in 2017 and a real estate platform in 2018 is a continuation of the Firm’s evolution and development in line with the market.

In February 2017, BC Partners launched BCP Credit, led by Ted Goldthorpe, who previously led Apollo’s public and private BDCs and U.S. Opportunistic platform. Upon joining BCP Credit, Ted brought two partners on board, Matthias Ederer and Henry Wang, with whom he had previously worked at Goldman Sachs in the Special Situations Group (“SSG”), a proprietary investing platform. Ted, Matthias and Henry form the core of the BCP Credit Investment Team.

Since inception, BCP Credit has been highly active in growth opportunities in the form of mergers, acquisitions, and creating funds to facilitate organic growth.  This has resulted in BCP Credit developing a strong reputation of quality underwriting but also provider of unique opportunities to facilitate capital markets transactions for others in the asset management industry.  This has taken the form of merging and acquiring funds, acquiring insurance companies, and launching multiple private and public funds. 

Job Summary

The role will be responsible for leading the entire credit technology platform, made up of 27 entities and $7.8 billion in assets under management. They will be responsible for leading the Credit technology team, developing and overseeing the current technology stack and driving ongoing digital transformation.  There is ample opportunity to assist with analysis of current state processes, make recommendations for improvements, and support the implementation and invigoration of technology to gain efficiencies across the platform. Relevant experience working within a Private Credit Technology team, or a Technology consulting firm is largely preferred.

Essential Functions & Responsibilities

• Develop and roll-out the Credit digital transformation strategy and vision to support further integration and automation across business processes and data. Maintain a deep understanding of the credit platform to identify key business risks and assess appropriate systems to make recommendations for improvements. 

• Oversee the Credit Technology Platform, including the design, implementation, maintenance and ongoing enhancement of core infrastructure and applications (currently consisting of Allvue, VPM, DealCloud, and Azure DWH (in progress)). Ensure scalability, security and integration across all technology platforms

• Oversee the implementation and ongoing maintenance, quality and enhancement of the Credit Data Warehouse enabling a central source of truth across systems and enhanced reporting and self – service ability in line with industry best practice

• Collaborate with stakeholders across the business to understand current process pain points and requirements and identify and prioritize appropriate technology solutions to support these and the wider technology strategy.

• Evaluate the business cases and RoI of applicable or requested technology for approval by relevant senior management prior to system selection and implementation, ensuring we are not rolling out technology for technology’s sake but rather highly valuable, scalable solutions that are integrated with wider processes and technology

• Collaborate with Stakeholders to document detailed system requirements and future state process maps to effectively translate and support with the assessment and implementation of appropriate technology

• Manage the implementation of selected systems and enhancements in line with best practice, either working alongside and managing 3rd party consultants, or supporting the in-house team to implement requirements if relevant. Manage and track all requirements, ensuring these are implemented effectively. Support the Go-Live process and on-going adoption and enablement of all systems post go-live

• Collaborate with business stakeholders and the technology team to implement best practices around data governance for both existing and future technology solutions.  Promote a culture which emphasizes data governance across the credit platform, ensuring data is accurate, complete, reliable and secure.

• Manage multiple PoCs across teams to evaluate and assess technology

• Build and manage relationships with Technology vendors, consultants / implementation partners, cloud providers and outsourced services providers. Evaluate and negotiate contracts with the support of a procurement agent to optimize cost and performance. Ensure all technology and technology projects and managed and maintained effectively and in line with best practice.

• Stay informed about regulatory requirements related to data privacy, cybersecurity, GenAI and other relevant technology related requirements, and ensure the Technology stack is maintained in line with all requirements

• Stay informed about all industry technology trends to ensure BC Partners remains in line with industry best practices, and continuously review our technology stack and recommend areas for improvement

Skills and Abilities

• Experienced Technology lead, preferably from a Credit background, or related consulting firm

• Demonstrates strong technical ability across the Credit technology stack (preferably with some experience of Allvue, VPM) and strong data warehouse and strategy experience

• Strategic mindset with ability to evaluate business requirements, current processes and technology and translate business goals into effective technology solutions – without doing technology for technology’s sake

• Highly technical and trustworthy, capable of conveying strategies or solutions across all stakeholders and senior management in an inspiring and motivating manner

• Commercial mindset, able to translate business priorities into efficient and effective technology solutions.

• Excellent communication and interpersonal skills – with significant experience managing internal stakeholders at all levels as well as 3rd party relationships

• Ability to identify business risks and draw insights to support decision making.

• Adopt a continuous improvement mindset, seek feedback and measure impact of technology initiatives.

• Works productively in a team environment.

Education and Experience

• Preferred B.S. degree in Technology, Business or Finance related studies

• 5 years of experience in Technology within the Credit Industry, with a focus on business transformation and implementation

• Strong Data Warehouse and strategy experience, preferred experience of Credit related technology including Allvue and VPM

• Excellent communication, leadership, and interpersonal skills.  Ability to work effectively in a team environment, build relationships and work with stakeholders.