Assistant Director
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- Fund Management Homes England
- National Housing Bank (NHB) £85,862
- £114,417 | Permanent | Hybrid (50/50) Location: Hybrid (Birmingham, Bristol, Leeds, Liverpool, London, Manchester, Newcastle, Northstowe) Homes England is launching the National Housing Bank, a new government-backed investment platform to accelerate housing delivery across England.
The National Housing Bank is a new government-backed financial institution within Homes England.
With £16bn in capital, it will unlock private investment, support regeneration and accelerate housing delivery across the UK.
Joining now offers a rare opportunity to shape a major new national investment platform from the ground up.
As Assistant Director
- Fund Management, you will play a central leadership role in how the Bank governs, allocates and optimises its capital, ensuring billions of pounds are deployed strategically, efficiently and with maximum impact.
The opportunity Responsibilities include:
* Lead the design and implementation of NHB's capital governance, allocation methodology and portfolio optimisation.
* Oversee Virtual Economic Capital usage, limits, monitoring and reporting to Executive and Board.
* Drive portfolio-wide analysis, including stress testing, scenario modelling and forward-looking capital planning.
* Produce high-quality, decision-focused reporting that informs strategy, risk appetite and capital deployment.
* Build scalable fund-management operating frameworks, controls and processes.
* Provide senior leadership to the growing team, including future line management of the Head of Fund Management.
* Collaborate closely with Loans, Equity, Guarantees, Finance, Risk (incl.
Quant Modelling), Operations and Regional teams.
* Represent Fund Management in cross-NHB governance forums and champion continuous improvement.
This is a rare chance to build a critical function from scratch within a national institution.
Candidate profile You bring:
* Significant senior experience in fund management, banking, investment or treasury functions.
* Strong understanding of capital frameworks (Basel III/CRR), stress testing and capital forecasting.
* Advanced financial modelling and portfolio reporting capability.
* Proven ability to design, implement and optimise investment-management processes and controls.
* Strong leadership and experience developing senior specialists and high-performing teams.
* Excellent communication, influencing and negotiation skills, including engagement at Executive and Board level.
* A strategic mindset with the ability to build structure and clarity in a fast-moving, ambiguous environment.
Desirable backgrounds include: regulated investment environments, portfolio risk, capital management, structured finance, or public-sector financial institutions.
Why join?
* Shape a national institution at a defining moment in its creation and growth.
* High-impact work
- directly influence how billions in government capital are deployed.
* Competitive salary & benefits
- including 33 days' annual leave, hybrid working and wellbeing support.
* Career growth
- lead a critical function in a collaborative, mission-driven organisation.
This is a unique opportunity to shape the future of housing investment and deliver long-term impact for communities across England. xsngvjr
Contact point for applicants Name : Ciara Lynn Email : Recruitment team Email : Closing date: 15th April 2026 Right to Work in the UK is required.