Credit Risk Manager (12-month Fixed Term Contract)
About BII
British International Investment (BII) is the UK’s leading development finance institution, wholly owned by the UK Government. Our primary mission is to address global development challenges through strategic investments that promote sustainable and inclusive economic growth.
BII focuses on catalysing economic development, creating jobs, and building resilient economies in some of the world's most complex and underserved markets. We invest in businesses and projects that prioritise inclusive development, environmental sustainability, and innovation.
Our approach is characterised by rigorous investment standards, high governance principles, and a commitment to delivering measurable development impact. Our team consists of highly skilled and passionate professionals dedicated to making a tangible difference globally.
We foster a collaborative and intellectually stimulating work environment that values curiosity, innovation, and professional growth. Our culture balances high performance with a strong emphasis on wellbeing, ensuring our employees can achieve their full potential while contributing to our mission.
BII at a glance:
Over 75 years supporting sustainable business growth in developing and emerging markets
More than £9.9 billion in net assets
1,600+ businesses invested in
950,000+ workers in the businesses we support
650+ people in our diverse global team
3 key development objectives: Productive | Sustainable | Inclusive
Team and role overview
BII’s Credit Risk function is a part of BII Risk Office. It is a responsible for overseeing the establishment of BII’s credit and country risk management framework, including:
- Designing, implementing and ensuring the effective functioning of BII’s credit and country risk management framework.
- Developing the methodologies to assess and frameworks to manage credit and country risk at BII (ratings, exposures, limits).
- Providing support to risk owners (investment teams and CIO office) with the identification and understanding of Credit risk, enabling them to make informed decisions about how to mitigate risks and be consistent with standards established by Credit Risk.
- Providing risk reporting to executive committees, the Board and Shareholder, enabling these bodies to understand BII Credit Risk and how it is being managed.
One year contract for a maternity leave cover
Purpose
The Credit Risk Manager role is to work with the Credit Risk Officer in achieving these objectives. In addition to be responsible for assessing and monitoring macroeconomic, political, sovereign, and financial system risks across the markets in which BII operates. The role supports investment decisions, portfolio risk management, and senior governance by providing timely, forward‑looking country and credit risk analysis.
Responsibilities
Country Risk Management
- Produce country risk assessments covering macroeconomic, political, fiscal, external and impact on BII’s portfolio (risks and opportunities).
- Monitor key country risk indicators and escalate emerging risks. Prepare concise, decision‑focused country risk memos, dashboards, and briefings for senior management.
- Managing internal country risk ratings: owning the country risk rating methodology, database maintenance and centralisation of information for BII
- Contribute to transaction reviews, portfolio surveillance, and country limits frameworks to ensure country risk views are embedded in decision‑
Credit Risk Management
- Take on the primary responsibility for Project Finance or Financial Services Credit and Counterparty risk depending on the profile of the successful candidate
- Lead ongoing monitoring of their portfolio, including understanding of key risks, completion of annual reviews, credit risk ratings reviews as well as ongoing monitoring of covenant compliance, and early warning signals.
- Participate in quarterly portfolio reviews, providing oversight and challenge.
- Contribute to the wider Credit risk team across all portfolios and workstreams:
- Design and oversight of the rating and risk measurement process, including counterparty credit risk and country risk
- Pre-investment and new product credit analysis providing risk assessment and ensure risks will be captured adequately
- Oversee the ongoing credit review process and identify trends and concentrations in risk exposures
- Work with BII’s IT team to develop, implement and maintain systems to support credit risk management processes
- Actively and constructively, engage with Investment teams and other relevant staff to ensure adequacy of front-line monitoring
- Be an agent of credit culture dissemination, including provide training to stakeholders
- Provide training and development to more junior members of the Credit risk team
Reporting
- Design and develop exception-based risk reports, including risk exposures, risk appetite and risk mitigation actions
- Produce periodic risk management presentations for BII’s governance committees and Board Risk Committee
Policies and Procedures
- Expand relevant sections of BII’s risk manual and risk policy in line with the evolving risk framework.
The candidate
Technical Skills
- Must have at least 10 years of suitable Country and Credit risk management experience gained from an investment institution (DFI, investment banking, private equity) ideally with Emerging Markets experience.
- Experience in BII geographies is an advantage (Africa and South-East Asia).
- Strong analytical background in economics, sovereign risk, or political economy.
- Excellent knowledge of a range of credit risk management techniques including rating methodologies, exposure measurement and monitoring is essential.
- Product knowledge including debt and structural credit enhancement techniques, direct and fund investing.
- Familiarity with default & recovery processes.
- Able to work autonomously, with a demonstrable ability to gather, evaluate, distil and present information.
- Over and above average quantitative skills, analytical rigour and attention to detail, in particular when preparing reports and analysing data.
Personal Skills
- Ability to communicate clearly and concisely, both orally and in writing.
- Organisational skills and ability to plan and manage multiple tasks concurrently.
- Ability to manage a project to deliver solutions/capabilities that meet business requirements.
- Ability to work across all levels within the organisation and provide constructive challenge to risk owners.
- Ability to establish and retain effective working relationships with stakeholders.
- An understanding of and belief in the development finance sector.
- Passionate about Emerging Markets.
- Candidates should be strongly motivated by BII’s development mission and ideally demonstrate some commitment to development or social goals through previous executive or non-executive activity.
Our cultural values
We look for team members who aspire, as we do, to work at our best and to be:
- Impact-led, 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.
