Interim Head of Investment Management

  • Location: Hybrid: London (Chancery Lane area) and homeworking

    Contract: 9-12 Month Fixed Term Contract or Secondment covering Family Leave

    Reporting to: Chief Investment Officer

    Salary: £83,000 – 90,000 (full time equivalent) per annum, depending on experience

    Benefits: at Big Society Capital, we recognise that employees need to valued and rewarded for their work and that a payslip is only part of the package. Our competitive benefits package includes private healthcare, a generous pension, enhanced family leave, monthly wellbeing hours, additional closure days and more.

    Overview

    We are looking for an exceptional candidate for the role of Interim Head of Investment Management to cover a period of family leave of the existing role holder to help us to deliver our mission to improve peoples’ lives in the UK through with the help of social impact investment.

    It is a unique opportunity to join a dynamic team of people from a wide range of backgrounds who are driven by transforming the way mainstream financial markets help deliver deep and lasting impact on people in the UK.

    Your work will be focused in two principles areas:

    1) Leading our investment management activities – This involves working across the organisation to take a portfolio view of our investment activity and ensure we effectively deliver our new and portfolio social investments across our Market Systems (social lending, social property, impact venture and social outcome contracts).

    2) Lead our Multi-Asset Treasury Portfolio – Our Social Investment Portfolio drives our overall investment activity, and our Treasury Portfolio is managed to ensure we have the required liquidity to meet our capital commitments. We have recently established a sub-portfolio focused on higher returning, medium time horizon treasury assets with strong ESG and impact credentials alongside an asset-liability matching portfolio to meet near term commitments. You will lead the bedding in of this new portfolio over 2023.

    The role holder will also play an important role supporting the learning and development of the investment team.

    Key accountabilities and specific responsibilities

    The Interim Head of Investment Management will take responsibility for BSC’s investment management activity and Multi-Asset Treasury Portfolio, working with colleagues across the organisation. The job holder will:

    Lead investment management activities including:

    • Working with the CIOs to ensure we’re building a dynamic and balance portfolio of social impact-led investments to deliver on our strategy, mission and organisational sustainability, including reporting to the Investment Committee quarterly on portfolio composition again plan.
    • Ensure a consistent and effective end-to-end investment process is delivered across all investments that enables high quality decision making, value-add performance management and meets our clients’ needs and regulatory requirements.
    • Ensure portfolio risks are effectively identified, captured and managed across our Market Systems to support high quality decision making, including reporting to ExCo Risk and our ARCC Board sub-committee.
    • Support the continuous improvement of how we deliver our investment activity, particularly on portfolio management, across the organisation working with the following teams: all Market Systems, Data and Portfolio Operations, Impact, Finance and Legal.

    Lead the Multi-Asset Treasury Portfolio including:

    • Working with the CIO, oversee the overall performance of the Multi-Asset Treasury Portfolio and consider any required actions on a quarterly basis or more regularly as required.
    • Working with the CFO, help to manage the overall Treasury Portfolio based on the liquidity required for the Social Investment Portfolio.
    • Working with a dedicated Investment Manager and external advisor, review the performance of holdings in the treasury across financial and ESG/impact considerations, including engaging with the fund manager.
    • Working with a dedicated Investment Manager and external advisor, develop a pipeline of potential investments and undertake due diligence for consideration by the Investment Committee.
    • Oversee all reporting to the Investment Committee and Board committees on the progress of the Treasury Portfolio.
    • Support the continuous improvement of how we deliver our Multi-Asset Treasury Portfolio.

    Supporting the learning and development of the investment team including:

    • Working with the CIO and People Team, consider and lead initiatives to improve the confidence and capability of the team to deliver our investment activity.
    • Being a part of the investment team leadership group to support the ongoing management of the team, particularly across different functions.
    • Potentially acting as a line manager to members of the investment team.
    • Coach and provide support as required to other team members, as required, on making and managing individual investments.

    Person specification

    Experience (essential)

    • A passion and demonstrable commitment to improving people’s lives.
    • Extensive experience of making and managing multi-asset portfolio across public and private markets.
    • Extensive experience of delivering investment management activities, including investment strategy, asset allocation, process, performance management and risk.
    • Experience integrating and considering ESG factors in investments.
    • Proven relationship building and influencing skills.
    • Extensive experience managing people and forming collaborative working relationships.
    • Experiencing of operating at, working alongside or presenting recommendations to either an executive or board within organisations.

    Experience (desirable)

    • Impact investment background.
    • UK social sector employment or voluntary experience.
    • Experience integrating and considering impact factors in investments.
    • Experience of activities across the public, private and social sectors.
    • Experience of embedding learning into the investment process and delivery.
    • Proven project management skills.

    Skills, abilities and attributes

    • Structured thinker - able to deal with complexity and uncertainty.
    • Innovative, creative and strategic approach to problem solving.
    • Solves problems with multiple stakeholders in an open and empathetic way.
    • Collegial team player - Flexible and willing to work with and contribute to a team.
    • Self-starter - able to work under own initiative and source new opportunities.
    • Relationship management – excellent interpersonal skills and able to build relationships at all levels.
    • Excellent written and oral communication skills.
    • Hunger for continued learning and development, including developing others.

    Please note…

    • We are a UK-based business with an office in the Chancery Lane area of London, accessible to a number of public transport links. Our current approach allows colleagues to spend 40% - 60% of their working hours in the office, and the remainder from home. We hope that this working pattern encourages Big Society Capital employees to achieve a healthy balance between work and personal goals, as we continue to adapt to the changing needs of our diverse workforce.
    • Right to work: for candidates who do not have the right to work in the UK, Big Society Capital may consider visa sponsorship.
    • Equality, Diversity and Inclusion: Big Society Capital is committed to being a diverse organisation that is truly representative of the communities we serve. We are an equal opportunities employer with an inclusive environment where all employees can contribute to their fullest potential. We want every colleague to be able to deliver their work with dignity, equality, comfort and independence. Our office is fully accessible with step-free access and an open-plan set up. We are open to accommodation requests regarding assistive technologies, accessibility tools, flexible working or any other reasonable adjustments that will make working or visiting here more accessible for you. If you have a disability or other access needs and require any support to assist you through the recruitment process, please get in touch with Ruth Davidson (People and Talent Manager) at rdavidson@bigsocietycapital.com
  • Applications

    Please apply via Applied by midday Monday 28 November 2022

    Applied is a platform designed to minimise unconscious bias in recruitment. You will be asked some work-based questions which are reviewed anonymously by the hiring panel. Please note, while you will upload your CV, it will not be viewed by panel members at this stage, so we ask that you give full consideration to each answer.

    As a Disability Confident employer, we guarantee an interview for all candidates with disabilities who meet the minimum criteria for the job. We are defining a disability in accordance with the Equality Act 2010, as a person who has a physical or mental impairment, and the impairment has a substantial and long-term adverse effect on their ability to carry out normal day-to-day activities. You will be asked in your Applied application whether this applies to you.

    Apply here