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 HOW TO APPLY: We are delighted to be partnering with search experts, Saxton Bampfylde, in the recruitment of this role. If you would like to find out more, please visit www.saxbam.com/appointments using reference GBWFA. Alternatively, telephone 44 (0)20 7227 0880 (during office hours). Applications should be received by noon on 12 noon on Monday 5th May 2025. About The Role: We are looking to recruit a Managing Director for Credit Risk, who will be responsible for the independent Credit Risk assessment of new transactions of the Fund. The Managing Director - Credit Risk plays a pivotal leadership role within the risk function's senior leadership team, directly reporting to the Chief Risk Officer. This position is integral to the NWF, fostering and maintaining key relationships with senior banking colleagues to ensure robust credit risk management and strategic alignment across the organisation The role holder will be accountable for the strategic delivery and management of an effective 2nd line Credit Risk analysis at origination, underpinned by processes and controls that ensure compliance with all regulatory, financial and operational requirements. Location: Hybrid working with a minimum of 3 days per week in the Leeds office. Core Responsibilities: Design, implement and own a strategy, framework and plan and associated policies, standards and procedures to drive, promote and maintain a strong Credit Risk culture with the origination colleagues. Provide strategic direction to NWF’s senior management team on credit risk matters and oversee the associated systems and controls, to ensure management of associated current and future credit risk. Accountable for accurate assessment and testing of the Fund’s credit risk profile at origination to ensure we remain within Board-approved risk appetite. Conduct the second line review and approval of investment proposals (Debt, Equity and Guarantees) and provide guidance and recommendations for the Early Engagement Committee and Investment Committee Ensure completeness and consistency of recommendations and enforce timely delivery of the second line reviews. Participate in the development of quantitative and qualitative credit risk methodologies. 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 delivery of high standard credit risk analysis. Demonstrate confidence and leadership qualities to provide senior cover for Head of Financial Risk, and CRO (as required) including at the Executive Committee, Investment Committees and Board meetings to ensure the Credit Risk team is always represented in a positive and professional way. Prepare and confidently present clear and concise credit risk recommendations to the NWF Investment Committee, Executive Committee, Board and Board sub-committees to ensure compliance with current and future regulations. Proactively collaborate and engage with external, internal and management audit requests. Knowledge, Skill and Experience requirements: Experience: Extensive experience of credit risk management Experience leading a high performing team Demonstrable Exposure to working with Senior Leadership Teams, Exco and Board level colleagues Experience of infrastructure finance, corporate and project finance Experience of working with government would be an advantage but not essential Knowledge: Deep knowledge and expertise of infrastructure investment, and credit risk Significant knowledge of equity and debt products as well as guarantee schemes is required Skills: Strong analytical skills combined with the ability to communicate complex information in a simplified manner. People-focused leader with the ability to build collaborative teams, develop people and link performance to overall business objectives. The ability to manage a team with a broad range of experience and technical skills Possess strong presentation skills; demonstrate ability to present to committees and senior management. Excellent communication, listening, and writing skills. Strong attention to detail and well organized; ability to prioritize, multi-task and work well under pressure. Ability to think strategically and have vision while also focusing on the details and execution. Self-motivated and works well independently; capable of taking initiative without prompting. Strong problem-solving techniques, including the ability to identify, research and resolve unfamiliar issues and ability to clearly communicate issues to key stakeholders. 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.