Assistant Director - Fund Management Homes England - National Housing Bank (NHB) £85,862 - £114,417 | Permanent | Hybrid (50/50) Location: Hybrid (Birmingham, Leeds, London, Manchester) 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. Contact point for applicants Name : Ciara Lynn Email : Recruitment team Email : Closing date: 15th April 2026 Right to Work in the UK is required.