Senior Manager - Credit Risk

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

Lead on the second line challenge and review of complex bespoke infrastructure or corporate finance transactions with the Fund providing debt, equity or guarantees and partner with key stakeholders to provide independent, innovative thinking and influence to ensure appropriate solutions and compliance.

Location: Hybrid working with a minimum of 3 days per week in the Leeds office

Salary: £95,000 - £110,000

Deadline to Apply: 13th Feb 2026. Early submission is encouraged, and applications will be reviewed on an ongoing basis

Core role accountabilities

• Lead the second line review of proposals (Debt, Equity and Guarantees) and influence changes to maintain a good balance between return and risk exposure. This includes second line input into the Early Engagement Committee and Investment Committee.
• Provide second line input into the structuring and due diligence process, including assessment of third-party due diligence provided by technical, legal and other advisors, and make recommendations for changes to ensure appropriate levels of compliance.
• Provide second line oversight and monitoring of the Fund’s credit risks and associated systems and controls, to identify opportunities for improvement including training, and appropriate compliance.
• Assist the Head of Financial Risk in further developing and enhancing the Credit Risk Management Framework to support and implement credit risk policies, standards and procedures in line with good market practice, and to ensure these are embedded within the business.
• Monitor allocated portfolio credit risk (default probability, stress testing, risk rating distribution, portfolio concentration) and identify opportunities for improvements, to optimise decision making.
• Monitor and test the Fund’s credit risk profile relative to its appetite, limits and early warning indicators to inform senior management and Board decisions.
• Work closely with the Head of Financial Risk in the development, coordination and delivery of credit risk management information and intelligence about developments and prospective credit risks and exposures in the portfolio and deliver these in a timely manner to Senior Management, Board, and auditors as required.
• Be an agent of credit culture dissemination, including through work with bankers, the impact team / economists and other stakeholders.
• Lead and motivate a high performing team and encourage a culture of knowledge sharing and learning to nurture future talent.
• Lead projects and work in matrix teams to deliver joint outputs that ensure that Financial Crime and Credit Risk frameworks are embedded into all operations.

Knowledge, Skill and Experience requirements

Experience and Knowledge:

• Extensive experience and market knowledge in infrastructure finance and investment banking with a particular emphasis on credit risk assessment.
• Expert knowledge of financing products across the capital structure with experience in dealing at Senior Management and Board level in the delivery of complex projects.

Skills:

• Strong analytical skills combined with the ability to communicate complex information in a simplified manner.
• 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.
• 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.
• The ability to clearly communicate issues with a high level of confidence, maturity and credibility 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.