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Managing Director, Direct Investment
Application Deadline: 8 January 2025
Department: British Patient Capital
Employment Type: Permanent
Location: London
Reporting To: Chief Investment Officer
Compensation: Competitive
Description
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)
THE ROLE
In this position, you will be responsible for leading the BBB groups direct investment capabilities, providing oversight of product strategy and directing the design and development of new offerings. Working closely with the CIO and other Managing Directors responsible for investment products, you will ensure coordinated leadership and effective management of the Banks overall investment business. You will also engage with venture capital funds and company management teams, in collaboration with other senior members of the team, which is a key element of the role, focusing on generating potential investment opportunities.
With ownership of relevant risk management activities, including first line of defence operational risk, company monitoring, and rating, you will identify and implement new product opportunities, ensuring that the direct investment portfolio remains strategically aligned and responsive to market needs.
You will be responsible for delivering new and follow-on investments, managing the portfolio (in close collaboration with the Portfolio Management function, where appropriate), and developing new strategic initiatives alongside other senior leaders in the business. This will include contributing to deal flow activities for the Banks external mandates, including the new British Growth Partnership initiative.
In line with the Banks governance framework, you will participate as a member of relevant BBB Investment Committees.
With an active network and positive market reputation for sourcing, leading, and managing direct investments in early and growth stage companies, you will also be able to demonstrate extensive direct investing/co-investment experience, as well as a proven ability to work alongside tier one VCs in a collaborative manner.
An up-to-date knowledge of deeptech and/or life sciences sector and track record of leading growth stage investments in (minimum one, ideally both of) these sectors is also essential, as is portfolio management experience at board level as influencer and motivator.
Key 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
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