The Role
Leads financial risk management across credit, debt, equity, guarantees, structured finance, and venture capital portfolios. Provides independent challenge on underwriting, valuations, financial models, stress testing, due diligence, and risk appetite. Advises the CRO, Executive Committee, and Board, strengthens the Financial Risk Management Framework, ensures regulatory alignment and portfolio resilience, and develops future risk leaders.
Summary Generated by Built In
Location: London / Sheffield / Hybrid Working
(Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
(We welcome conversations about flexible working arrangements)
Salary: Competitive
(We welcome conversations about flexible working arrangements)
Salary: Competitive
THE ROLE
This is a rare opportunity to take on one of the British Business Bank’s most senior financial risk leadership roles, shaping disciplined risk-taking, robust underwriting standards and portfolio resilience across market cycles in support of the Bank’s public purpose mandate.
Reporting into senior risk leadership and working closely with the CRO, Executive Committee and Board, the role provides strategic oversight and independent challenge across credit risk, debt and equity investment risk, and the wider Financial Risk Management Framework. It sits at the heart of the Bank’s decision-making, acting as a critical counterbalance to origination and execution activity while helping ensure the portfolio remains resilient, well governed and aligned to mandate.
The position carries responsibility for evolving the Financial Risk Management Framework across a broad range of equity investment and wholesale debt products. This includes providing independent challenge on deal underwriting, valuation methodologies, financial modelling assumptions, downside stress scenarios, and the adequacy of underlying due diligence and deal processes. A key part of the role is giving the Board confidence in the quality of financial risk assessment and the standards applied across the Bank’s activities.
You will bring deep experience of financial risk management across relevant asset classes and economic cycles, with the judgement and credibility to advise senior stakeholders, influence risk appetite and shape the next generation of financial risk capability. Experience may have been gained in banking, asset management, private credit, development finance, regulation, the public sector or investment environments.
The Bank is seeking a seasoned risk professional with expertise in investment risk and/or credit risk management, ideally gained in a fund management organisation, bank or similarly complex financial institution. Strong technical understanding of financial analysis, debt and equity valuations, risk frameworks, structured products, illiquid assets, unlisted equities, securitisations and SME debt will be important, alongside a good understanding of the UK regulatory environment in which banks and fund managers operate.
This role offers the chance to apply a career’s worth of expertise at the intersection of finance, public policy and economic development. It combines exposure to debt, equity, guarantees, structured finance and venture capital within a single institution, with significant engagement at Executive Committee and Board level. It also provides an opportunity to develop the next generation of risk leaders, strengthen enduring organisational capability and leave a lasting legacy across one of the UK’s most important economic development institutions.
The offer includes direct contribution to UK economic growth and prosperity, influence over nationally important investment decisions, exposure to a diverse and complex portfolio, hybrid working and a culture designed to support sustainable senior leadership.
What makes this role special:
- Direct contribution to UK economic growth and prosperity
- Opportunity to influence nationally important investment decisions
- Exposure to debt, equity and venture capital portfolios
- Significant engagement with Executive Committee and Board
- Opportunity to shape long-term institutional capability and leave a lasting legacy
- Hybrid working and a culture that supports sustainable leadership
Please click on this Job Description to find out more details.
Key Benefits
Click here for a complete list of benefits
- 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
- 15% employer pension contribution
- Flexible working
- Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
- Paid voluntary days, maternity, paternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and technology...and plenty more
About
The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy. Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively. With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals. As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified). At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds. As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.
Skills Required
- Deep experience in financial risk management across relevant asset classes and economic cycles
- Expertise in investment risk management and/or credit risk management
- Strong technical understanding of financial analysis, debt and equity valuations, and risk frameworks
- Understanding of structured products, illiquid assets, unlisted equities, securitisations, and SME debt
- Good understanding of the UK regulatory environment for banks and fund managers
- Experience in a fund management organisation, bank, or similarly complex financial institution
- Experience with financial risk across banking, asset management, private credit, development finance, regulation, public sector, or investment environments
- Ability to provide independent challenge on underwriting, valuations, financial modelling, stress scenarios, due diligence, and deal processes
- Ability to advise senior stakeholders, influence risk appetite, and engage with Executive Committee and Board members
- Ability to develop risk leaders and strengthen organisational capability
- Ability to commute to the London or Sheffield office and attend two days per week
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The Company
What We Do
The British Business Bank is the UK Government's economic development bank. Its mission is to drive sustainable economic growth by ensuring that smaller businesses across the UK can access the capital they need to start up and grow. It operates by designing, delivering, and managing a range of financial products through delivery partners, addressing market gaps in smaller business finance, and unlocking private capital to fuel innovation and economic prosperity.
