Managing Director - Portfolio Management

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Managing Director - Portfolio Management page is loaded## Managing Director - Portfolio Managementlocations: City Centre, Leedstime type: Full timeposted on: Posted Yesterdaytime left to apply: End Date: October 8, 2025 (13 days left to apply)job requisition id: JR100319**Shape the Future with the National Wealth Fund**At the National Wealth Fund, our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing £27.8bn of capital and an expanded mandate, we are ready to help the market invest with confidence, continue to drive forward the Government's growth ambitions.We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.**Job Purpose**The **Managing Director, Portfolio Management** will be responsible for overseeing much of the National Wealth Fund’s growing portfolio of loans, guarantees and equity assets, interacting with clients on a regular basis and acting as a senior ambassador for the Fund.The National Wealth Fund is the UK government’s principal investor, charged with deploying capital at scale in the projects and companies that support two strategic objectives: regional and local economic growth and tackling climate change.**Location:** Hybrid working with a minimum of 3 days per week in the Leeds office**Salary:** c £175,000**Deadline to Apply:** 7th October 2025. Early submission is encouraged, and applications will be reviewed on an ongoing basis**Core Responsibilities:*** Maintaining a highly visible internal and external senior ambassador responsible for overseeing the key projects, engaging with project sponsors and equity fund managers, using specialist expertise to identify when projects are at risk and as needed to be accountable for accurately implementing the appropriate and necessary mitigating action to protect the interests of the National Wealth Fund.* Provides leadership to a high-performing management team with the core objective of driving high returns for the Portfolio Management function as well as fulfilling the strategic objectives of the wider Fund.* Supports the Head of Portfolio Management in the development of the Fund’s strategy by taking a leading role in the development and management of the Fund’s portfolio of assets.* Demonstrable proactive attitude towards risk management of the portfolio. Responsible for initiatives that will steer the direction and shape of the portfolio within the approved risk appetite and Fund objectives.* Provides strategic input into the development and implementation of the Fund’s Portfolio Management processes and systems to ensure the infrastructure supporting the business is reliable and sustainable.* Leads the preparation of reports for Investment Committee and Credit Committee to inform the Committees about the risks presented by assets in the portfolio, how those risks should be mitigated and how terms and conditions should be structured.* Provides senior cover for Head of Portfolio Management including at Executive Committee, Investment Committee, Board meetings and meetings with HM Treasury to ensure the Portfolio Management Team is always represented in a positive and professional way.* Actively leads, manages and builds positive working relationships with both internal and external stakeholders, to include a wide range of clients along with, where appropriate, fund managers, Government Departments, ALBs (e.g. UK Export Finance, British Business Bank, UK Government Investments, GB Energy and Scottish National Infrastructure Bank).* Build, lead, and motivate a high performing team and encourage a culture of knowledge sharing and learning to nurture future talent and proactively contribute to the Fund’s strategic objectives and cement the Fund’s reputation as a centre of excellence in the infrastructure investment community.**Knowledge, Skills & Experience*** Substantial loan portfolio experience, particularly with respect to high value debt restructuring and credit analysis, gained in a banking or project finance environment.* Experience of junior debt, equity and fund investments would be a significant advantage.* Wide-ranging leadership experience and demonstrable ability to excel in managing high performing teams coupled with a robust enthusiasm for nurturing and developing talent.* Able to act with a high level of confidence, maturity and credibility that is likely to result in positively influencing outcomes that are in the best interests of the Bank.* Excellent stakeholder management skills with evidenced ability to display the requisite gravitas, credibility and commercial intelligence to proactively and constructively engage both internally and externally across government departments, co-investors as well as the commercial leadership of the businesses/assets receiving debt and equity investments.* Excellent consultancy and project management skills, whether internal or external; evidence of ability to quickly understand and digest complex and detailed information in order to offer advice and expertise.* Sound understanding of credit risk and experience in working with credit to help shape risk appetite, sector focus / origination efforts.* Highly skilled communicator, passionate about contributing to the positive culture of the organisation.* Product experience relevant to the Bank’s product offering: vanilla and more complex loans across the capital structure, guarantees (including inflation linked debt guarantees), plus direct equity investment and equity funds. Excellent working knowledge of financial ratios and their implications.* A robust understanding of due diligence requirements associated with infrastructure financing. Sound knowledge of the building of internal models, interrogation of external models, sensitivity analysis and analysing outputs.* Significant track record in building a strong network of market relationships that can help the Fund deliver its objectives. Ability to leverage market relationships to identifying new trends in the sectors the portfolio is exposed to.* Relevant sectorial experience across the broader infrastructure spectrum, which could include the energy, power, transport, construction and social infrastructure sectors.A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UK’s future. We value diversity in our people and inclusion is at the heart of what we do.We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note, referencing and background checks are carried out for all roles here at the National Wealth Fund.The National Wealth Fund encourages a diverse workforce and welcomes applications from all suitably qualified people. Inclusion is at the heart of what the Fund does. Diversity in the Fund's people and their ideas will be vital to the National Wealth Fund's success. Appointments will be made on merit, with regard to maintaining the breadth of experience and expertise required and reflecting diversity in the broadest sense, to embrace different perspectives, characteristics and experience, as well as being broadly representative of the nations and regions of the UK. Our roles are open to full-time, part-time or job-share applicants. Job-share applicants should supply individual CVs and a joint cover letter submitted with both applications. As part of our standard hiring process, please be informed that a background check will be conducted for successful candidates in accordance with our company policy and industry best practices. Please note, that successful candidates will be offered a salary that is appropriate to their relevant experience and performance #J-18808-Ljbffr
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Location:
Leeds
Job Type:
PartTime
Category:
Management & Operations

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