Managing Director/Director, Chief Investment Officer (Blended Finance)
About BII
British International Investment is the UK’s development finance institution, owned by the UK Government. With a mission to solve the biggest global development challenges, we aim to create a virtuous circle of investment and impact. Your contribution will be essential.
It won’t be easy: we do the hardest work in the most complex markets. Be prepared to test your skills, get creative and say your piece as you take on high-profile work as part of a diverse team of exceptionally smart, passionate people.
In return, you can take your career to all-new places in a culture that rewards curiosity and collaboration, and balances high performance with wellbeing.
BII at a glance
75 years supporting sustainable business growth in developing and emerging markets
£8.1 billion in net assets
1,400+ businesses invested in
950,000 workers in the businesses we support
£9 billion in new investments planned in the next 5 years
600+ people in our diverse global team
3 key development objectives: Productive | Sustainable | Inclusive
The pitch
Concessional capital and blended finance are increasingly important parts of BII’s capability in meetings our aims. This opportunity centres on ensuing that BII is at the forefront of using concessional capital, which is more important now than ever. This role provides the opportunity to input into management thinking to ensure Blended Finance principles are integrated into all we do. This includes assessments of individual investment decisions and portfolio construction, financial returns, mobilisation, and VAR. We’re looking for a proven leader who can lead how we dynamically integrate all of these considerations into the investment decision making process and how we create impact.
The successful candidate will chair the Kinetic (concessional capital) Investments committees (ICs) and sit on other ICs, in particular those needing expertise on structuring or with concessional elements.
In short, this is a rare opportunity for a passionate leader, motivated by BII’s proposition and use of concessional capital in investment decision-making.
About the role
The Chief Investment Officer (Blended Finance) is responsible for overseeing BII’s investment decision-making, portfolio management and strategy for concessional capital investments. Concessional Capital within BII is defined as pools of capital other than Growth Capital and that funding BII Plus and technical assistance. The role is focused on ensuring that BII uses its concessional capital wisely to advance development objectives consistent with the risk return profile for each pool and in line with Blended Finance principles.
In particular, the CIO (Blended Finance) will be asked to Chair Kinetic ICs for all products and provide constructive challenge to investment proposals to ensure a rigorous examination of minimum concessionally, ensure consistency across proposals in terms of financial returns, development impact and economic assumptions. The CIO (Blended Finance) will have oversight of the risk/return balance through the investment lifecycle.
The CIO (Blended Finance) will, working closely with the CIO, and the investment teams and Sector Heads, ensure that concessional investments are appropriately managed throughout their life and that proactive measures are taken to manage the portfolio effectively and in accord with BII’s policies and objectives.
The CIO (Concessional Finance) will, in conjunction with the CIO, review and refine as necessary BII’s overall decision-making process for making investments, provide independent analysis and standard setting, and ensure that investment teams operate in a collegial manner across geography, sector and product line.
About you
The ideal candidate will be recognised and respected within the investment industry for making high quality investments and showing excellent investment judgment.
Well suited candidates will also have:
Proven Blended Finance investment experience:
- Record of investing in blended finance vehicles and the application of Blended Finance principles.
- Transaction risk/return assessment within a concessional capital context.
- Private equity, structured finance, or commercial banking experience or DFI/MDB experience.
- Experience Chairing (or being a member of) Investment Committees or Credit Committees.
High Standards of execution:
- Understands what is needed to translate blended finance principles into policy/process for the organisation and be able to communicate effectively to key stakeholders.
- Able to simplify and make efficiencies to our processes whilst maintaining robust governance.
A global perspective:
- Able to understand cycles (economic and investing) with a record of adjusting behaviour.
- Ideally experience in emerging markets but not necessarily Africa/South Asia.
Communications and Strategic leadership:
- Experience of managing Boards and numerous stakeholders such as a single shareholder.
- Communicates effectively on complex topics internally and externally.
- Evidence of clarity of thought in a complex world (where to invest, what to invest in and when).
Our cultural values
We look for team members who aspire, as we do, to work at our best and to be:
- Impact-led and commercially rigorous
- Tenacious in the face of challenges
- Collaborative and caring
British International Investment is committed to diversity and inclusion and welcomes all applicants regardless of age, disability, gender reassignment, marriage and civil partnership, pregnancy and maternity, race, religion or belief, sex, sexual orientation, or educational background.
How to apply
We have partnered with Odgers Berndtson to help us meet the very best suited and qualified candidates for this job. If you would like to be formally considered, please submit your CV and Cover letter via https://www.odgersberndtson.com/opportunities/?r=0#AssignDetail.aspx?guid=91793
