Investment Director - Investment Portfolio Management

The Scottish National Investment Bank is seeking an experienced Investment Director - Investment Portfolio Management to provide strategic leadership in the active management of the Bank’s patient capital investment portfolio.

Reporting to the Executive Director – Investment Portfolio Management, this is a senior leadership role within the Portfolio Management function, with responsibility for shaping and delivering best-in-class post-investment stewardship across a diverse portfolio of equity and debt investments, with a focus on housing. You will play a central role in ensuring the Bank’s investments deliver long-term financial performance alongside measurable mission impact for Scotland, working closely with colleagues across Investments, Impact, Risk, Finance and Operations.

We welcome applications from candidates who believe they can excel in this role, even if you do not meet every single requirement. We value diverse experiences and perspectives and encourage applications from all backgrounds.

• Lead the continued development and deployment of the Bank’s investment portfolio management approach, in conjunction with the Executive Director.
• Provide strategic oversight of a diverse portfolio of equity and debt investments, aligned to the Bank’s missions.
• Manage the Bank’s equity investments, including attending boards as an Investor Board NED or Observer, building effective relationships with management teams, and ensuring robust financial and mission reporting.
• Manage the Bank’s debt investments, monitoring performance against financial and non-financial covenants and maintaining close engagement with investee management teams.
• Lead portfolio-level performance monitoring and reporting, providing clear and insightful updates to the Executive Director and Executive Team.
• Work closely with the Impact team to ensure mission impacts are clearly defined, tracked and reported in line with investment documentation.
• Collaborate with Investment colleagues to ensure investment structures and documentation support effective post-deal management.
• Act as the primary relationship lead for a portfolio of investment clients, ensuring all contractual and reporting requirements are met.
• Partner with Investment Operations to oversee fund flows, including drawdowns, repayments, dividends, fees and coupon payments.
• Work with Investment Risk and Finance teams to manage underperforming investments and support recovery or exit strategies where required.
• Contribute to the planning and execution of exit strategies across the portfolio.

• Significant experience in investment origination, post-deal management or asset management, including leadership responsibility.
• Experience managing complex portfolios of equity and debt investments, ideally across multiple sectors.
• Sound understanding of financial, operational and market risks, and the ability to identify and mitigate risks within existing investments.
• Experience as an Investor Board member, NED or Board Observer.
• A proven ability to manage senior relationships, including investee executives, co-investors and external advisers.
• A clear understanding of exit planning and execution.
• Excellent communication skills, with the ability to produce high-quality written reports and present confidently to senior stakeholders.
• A degree qualification (preferred), with relevant professional qualifications desirable.
• Alignment with the Bank’s missions and values, and a desire to deliver long-term positive outcomes for Scotland.

At the Scottish National Investment Bank, we offer a supportive culture that values your expertise and autonomy, encourages continuous learning, and provides opportunities for meaningful work. The salary range is £107-125k, depending on experience, with additional benefits including 30 days annual leave plus public holidays, a 12% non-contributory pension, volunteer days, and more. We operate a hybrid working model and are open to discussing flexible working patterns.

If you are eligible under the Disability Confident Scheme or need any adjustments to support your application, please reach out to us. We are committed to providing the support needed for you to participate fully in our recruitment process.