Senior Investment Manager – Enterprise Capital Funds
Location: Sheffield / Hybrid Working
(Expectation that you will attend an office 2 days per week)
Contract: Permanent
Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)
Salary: £67,500 - £75,000 Depending on Experience
Please note that any same band and job family internal moves will not present any pay increase
Key Benefits
Click here for a complete list of benefits
- 30 days annual leave plus bank holidays, opportunity to buy and sell up to 5 days holiday
- 15% employer pension contribution
- Flexible working
- Cycle to work scheme, healthcare cash plan, Group Income Protection and life assurance
- Paid voluntary days, maternity, paternity, adoption, and shared parental leave
- Benefits designed to suit your lifestyle - from discounts on retail and dining, to health and wellbeing, travel, and technology...and plenty more
About Us
The British Business Bank is a government-owned economic development bank dedicated to making finance markets work better for smaller businesses. Our Enterprise Capital Funds (ECF) programme supports high-growth UK SMEs by increasing the supply of equity capital and strengthening the venture capital ecosystem.
The ECF programme is one of BBB’s longest standing and most successful programmes, with £1.4bn committed across 50 funds under 39 different managers since its inception. This has supported over £2.5bn of funding being committed to funds investing in UK early-stage equity. The programme enables new and emerging fund managers to invest in UK SMEs with high growth potential, while also facilitating the development of their own track record and attraction of private capital. The outcomes of the recent Spending Review have meant there will be increased activity in this programme over the coming years (in addition to new initiatives being introduced) and as such the investment activities for the team are expected to significantly grow over time.
We are now seeking a Senior Investment Manager to join our ECF investment team. This is a senior-level role, leading the evaluation of investment opportunities, managing relationships with fund managers, and shaping our investment strategy both within ECF and the wider Investment Business.
The Role
You will be the principal point of contact for prospective fund managers throughout the investment process – from assessment and due diligence through to onboarding and portfolio management. You will also lead on legal negotiations, represent the Bank at ecosystem events, and oversee a portfolio of venture fund investments as Relationship Lead.
Key Responsibilities
- Lead critical appraisals of new fund investment proposals, assessing teams, track records, investment strategies, financial terms, and sources of capital.
- Working with prospective Fund Manager’s and managing the investment proposals through the full internal approval process, including preparing for and presenting to the Investment Committee.
- Lead legal documentation review and negotiations with fund managers, working with internal teams and legal advisors.
- Manage a portfolio of venture fund investments, attending advisory boards, handling investor consents, and owning quarterly reporting requirements.
- Represent the ECF team at stakeholder and industry events, contributing to deal flow generation.
- Mentor junior colleagues, sharing expertise and best practice.
- About You
- You’ll have significant financial services experience, excellent commercial acumen, and the ability to manage complex transactions. You’ll also be astrong excellent relationship builder, capable of influencing at senior levels, and comfortable representing the Bank in external forums.
Essential Skills & Experience
- Significant experience in fund management, investment banking, consulting, corporate finance, commercial lending, or related investment environments.
- Strong commercial understanding of fund-of-funds investing and/or small business finance.
- Proven track record in business transactions, project/transaction management, and senior-level relationship management.
- Experience leading due diligence processes and reviewing financial/investment analysis.
Desirable Skills & Experience
- Venture capital/equity investment/Fund Management experience.
- Experience negotiating legal agreements.
- Relevant investment, legal, or accounting qualifications (e.g. IMC, CFA).
Qualifications
- Degree in an analytical discipline (Economics, Accounting, Law, Engineering, Science) or equivalent professional experience.
Why Join Us?
At the British Business Bank, you’ll be part of a mission-driven organisation where your expertise will help shape the UK’s investment landscape. We offer a competitive salary, hybrid working, generous benefits, and the opportunity to work with some of the most innovative venture capital fund managers in the UK.
Click here to view the full job description:-
About British Business Bank
The British Business Bank is an established and influential institution with a key mission of driving sustainable growth and prosperity throughout the United Kingdom. It plays a vital role in supporting access to finance for smaller businesses, facilitating their development and contributing to the transition towards a net zero economy.
Since its inception in 2014, the British Business Bank has functioned as a government-owned economic development bank, operating independently to fulfil its objectives. It collaborates with over 200 delivery partners, including high street, digital, specialist, and challenger banks, venture capital and private debt funds, as well as fintech platforms, to implement its programs effectively.
With offices in Sheffield and London, the British Business Bank currently employs approximately 550 individuals.
As an organisation that values flexibility, wellbeing and collaboration, the British Business Bank introduced a hybrid-working model in 2020. Our colleagues typically spend an average of 2 days per week working in our offices, striking a balance between the advantages of remote work and the benefits of in-person collaboration. The successful candidate for this role should be able to commute to our office (unless specified).
At the British Business Bank, we aim to represent the communities we serve, firmly believing that different perspectives make us stronger. We strongly encourage applications from individuals with varied experiences and backgrounds.
As a Disability Confident employer, we commit ourselves to having an inclusive, equitable and accessible recruitment process supporting applicants and employees, making reasonable adjustments whenever it is feasible.
