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:
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Lead the design and implementation of NHB's capital governance, allocation methodology and portfolio optimisation.
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Oversee Virtual Economic Capital usage, limits, monitoring and reporting to Executive and Board.
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Drive portfolio‑wide analysis, including stress testing, scenario modelling and forward‑looking capital planning.
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Produce high‑quality, decision‑focused reporting that informs strategy, risk appetite and capital deployment.
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Build scalable fund‑management operating frameworks, controls and processes.
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Provide senior leadership to the growing team, including future line management of the Head of Fund Management.
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Collaborate closely with Loans, Equity, Guarantees, Finance, Risk (incl. Quant Modelling), Operations and Regional teams.
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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:
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Significant senior experience in fund management, banking, investment or treasury functions.
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Strong understanding of capital frameworks (Basel III/CRR), stress testing and capital forecasting.
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Advanced financial modelling and portfolio reporting capability.
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Proven ability to design, implement and optimise investment‑management processes and controls.
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Strong leadership and experience developing senior specialists and high-performing teams.
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Excellent communication, influencing and negotiation skills, including engagement at Executive and Board level.
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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?
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Shape a national institution at a defining moment in its creation and growth.
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High-impact work - directly influence how billions in government capital are deployed.
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Competitive salary & benefits - including 33 days' annual leave, hybrid working and wellbeing support.
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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 :
Recruitment team
Email :
Closing date: 15th April 2026
Right to Work in the UK is required
