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General information

Posting ID
4110
Type of employment
Permanent
Organisation
Homes England
Salary Banding MIN
£ 85862
Location
Birmingham
Salary Banding MAX
£ 114417
Workplace Type
Hybrid

Description & Requirements

Assistant Director – Fund Management

Homes England – National Housing Bank (NHB)
£85,862 - £114,417 | Permanent | Hybrid (50/50)
Location: Hybrid (Birmingham, Bristol, Leeds, Liverpool, London, Manchester, Newcastle, Northstowe)
 

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 : Ciara.lynn@weareams.com 

Recruitment team 

Email : psrpermapplications@weareams.com

 

Closing date: 15th April 2026

Right to Work in the UK is required.

 

Apply