Investment Risk Director

Investment Risk Director

Based: Edinburgh or Glasgow

The Scottish National Investment Bank is seeking an experienced Investment Risk Director to play a pivotal role in managing and overseeing investment risks across the Bank’s portfolio. We are a mission-driven organisation dedicated to delivering lasting environmental, societal, and financial impact for the people of Scotland.

As part of the Governance, Legal, Risk & Compliance (GLRC) function and operating as part of the Bank’s Second Line of Defence, you will provide independent and robust risk assessments of both potential and existing investments. Working collaboratively with colleagues in Investments, Portfolio Management, and across the Bank, you will deliver effective challenge to ensure sound risk management in decision-making and portfolio oversight.

We encourage applications from candidates who believe they can excel in this role, even if you do not tick every box. We value diverse experiences and perspectives, and your unique background could be an asset to our team. The Bank champions flexible working and strives to build a fairer, more sustainable, and innovative Scotland.

About You

·      A senior risk professional with significant experience in investment risk or credit risk within a regulated financial services environment.

·      Proven background in risk management across private equity, venture capital, private debt, project finance or commercial lending.

·      Expertise in modelling and assessing all aspects of investment risks for equity, debt, and fund investments.

·      Skilled in corporate credit analysis, equity and debt structuring, and distressed investment recovery.

·      Adept at analysing complex information, exercising sound judgement, and communicating risk insights clearly.

·      Knowledge of UK financial regulatory requirements and challenges of operating at the public-private sector interface along with sound knowledge of UK & EU UK subsidy control regulations is desirable.

·      Professional qualifications such as FRM, CFA or similar are highly desirable.

Key Responsibilities

·      Deliver independent assessment and challenge of potential and existing investments, ensuring risks are correctly identified, assessed, and managed.

·      Present independent risk views and recommendations to Investment Committees and other key stakeholders.

·      Contribute to the development and enhancement of investment risk policies, frameworks, and processes.

·      Implement and oversee credit and equity risk modelling, reporting, and monitoring processes.

·      Provide high-impact data and risk insights to inform decision-making.

·      Conduct thematic risk reviews and provide subject matter expertise across the Bank’s investment activity.

·      Act as a mentor and provide technical training to colleagues, deputising for the Head of Investment Risk when required.

At the Scottish National Investment Bank, you will find a supportive culture that values your expertise and autonomy, encourages continuous learning, and offers opportunities for meaningful work. On offer is a salary range of £106-125k, depending on your level of experience. In addition, we offer 30 days annual leave plus public holidays, a 12% non-contributory pension and access to our EV Salary Sacrifice and Green Commute Cycle to Work Schemes, volunteer days and much more. We operate a hybrid working model and are very open to discussing flexible working patterns.

If you are eligible under the Disability Confident Scheme, or need any adjustments to support your application, such as information in alternative formats or special requirements to access our buildings, please reach out to us. Our commitment is to provide the support you need to participate fully in our recruitment process.