LevFin not within an investment bank.

I am trying to understand exactly the potential opportunity that has arisen for me. There has been an opening in the leveraged finance group of a large bank, working with PE firms and other private companies to originate, arrange, structure, underwrite, and close senior secured debt for LBO's, dividend recapitalizations, and mergers and acquisitions. However this isn't within their financial sponsor group or within a lev fin team that falls under the IBD umbrella. This also isn't within their capital markets team like Citi, where lev fin falls within capital markets origination.

It's a front office position on a deal team, but none of the workers have nor are required to get license by finra or get the Series 7, 79 or 63. Basically doing credit analysis and portfolio management and using the bank's balance sheet. What exactly does this type of position entail and what are the exit opps. Sounds like corporate banking or commercial banking to me, but it's withing their Leveraged Finance group, so I'm confused. Also zero percent chance or any history of these guys going to PE or hedge funds, but some have gone on to private credit shops. How does this type of group compare to a traditional investment banking lev fin group?