Manager, Impact Risk and Policy - 12m FTC

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 Impact Group has a range of specialists who support meeting of its impact, sustainability and other development objectives. This includes the development and implementation of the impact scoring methodology, implementation of the PRI, climate, gender & diversity finance approaches. The 2026–31 strategy calls for market‑level impact, frontier market expansion, active mobilisation, and partnership‑by‑default with EDFI/MDB peers. Delivering these ambitions requires strong, coherent and well‑assured policy, clear risk‑appetite guidance, and cross‑functional integration across the entire Impact Group (IG).

The Impact Risk and Policy (IRP) team sits within the Office of the Chief Impact Officer and is responsible for developing and overseeing IG investment policies, including the PRI and Fossil Fuel Policy (FFP), and managing day-to-day policy interpretation across the portfolio. IRP holds a formal 1.5‑line assurance role for PRI 2.0 and the Fossil Fuel Policy (FFP), assessing whether policy interpretation and implementation remain within Board‑endorsed risk appetite.

The team engages with external stakeholders to stay updated on policy trends and support the harmonisation of MDB/DFI standards. The team designs and delivers risk appetite frameworks, risk management tools, disclosures, integrating learnings on IG risks into BII-wide strategies, and ensuring alignment with best practices and regulatory requirements. The team is also responsible for supporting the Compliance team on complaints handling and supports IG-wide stakeholder issues and queries.

As a central team focussed on impact policy and risk the team provides coherence across risk, standards, accountability and assurance that underpin how the whole of IG operates. IRP therefore works horizontally across all IG teams, and with teams outside of IG including Risk, Legal, Compliance, Investment, OCIO, Strategy. This cross‑functional role ensures consistent policy interpretation, risk alignment and robust integration of impact risk into BII’s strategy. This is a new and agile team, offering successful candidates’ great opportunities to apply strategic, policy and execution skills while remaining closely anchored to BII’s investment activities.

Responsibilities

Policy

• Oversee roll out of HMG Fossil Fuel Policy including communications, integration into processes, engagement with stakeholders and any portfolio level interpretation queries
• Develop IG policy or positions or stakeholder queries for matters arising from the new strategy or existing portfolio including Responsible Exits, Remedy, Responsible AI working closely with subject matter experts across RI/IG
• Support the development of PRI 2.0 assurance process

Risk

• Oversee methodological expansion, assurance, integration and consistency of IG risk scorecards to ensure coherence and relevance for risk management
• Maintain IG wide risk management frameworks, update of IG risk metrics to identify where material risks sit across the portfolio. Use the analysis to engage with respective IG teams on relevant risk management strategies and priorities
• Enhance contextual/conflict risk assessment methodology, to support frontier market pipeline/portfolio
• Integrate and monitor impact risk and negative impact within PSI 2.0 /impact contribution framework working with the Impact Management team
• Integrate impact risk factors within credit risk methodologies
• Engage in broader industry developments (including UNPRI) to maintain/adopt relevant ESG risk management approaches

Strategy

• Scale partnerships with peer DFI’s including the DFI working group on policy and process mapping/harmonisation with FMO, DEG, Proparco and upcoming partnership MOUs
• Identify how IG policy or risk management can enable and support mobilisation of capital with commercial partners including alignment on ESG regulations, disclosures and standards
• Consolidate IG policy or risk factors which would enable greater frontier market investing, working with all relevant internal/external stakeholders (including the DFI/FCAS working group) to design interventions/initiatives that would further scale the investment strategy

ESG Regulations

• Maintain up to date knowledge of ESG trends and regulatory expertise on UK SDR/SFDR, CSRD regulations and considerations for mobilisation, DFI partnerships, data collection and reporting working closely with external stakeholders including the EDFI Sustainable Finance Task Force and IDT team
• Support regulatory compliance and disclosure related activities working with frameworks including UK ISSB/UK SRS, TNFD to advance BII’s corporate disclosure framework working cross-functionally including participation in the Climate Risk Working Group
• Work with RI subject matter experts (across human rights, GBVH, climate) on reporting and assurance related activities
• Assurance of ESG/PRI related disclosures on website and other benchmarking and rating indices

Issues Management

• Support the response to external accountability stakeholders (e.g. CSOs, NGOs, Media, FCDO) re. policy and risk management queries
• Use data driven approaches to help identify trends in the portfolio that may be at higher risk of complaints and issues and work with first line teams to prioritise risk management

The candidate

Background, skills, aptitude

Strong understanding of BII’s responsible investing policies (PRI, FFP), experience in policy development and interpretation and experience designing in house risk management tools and frameworks. Good knowledge of BII’s broader impact investing, climate and gender finance approaches is also highly desirable.

• Deep transactional experience and understanding of BII’s IC process.
• Proven experience in designing and delivering risk tools and frameworks and supporting the integration of policies into operational procedures.
• Good understanding of E&S, Business Integrity, Governance, Climate and Impact topics across BII’s portfolio.
• Excellent project management skills, work cross-functionally and ability to self-manage
• Ability to contextualise risks in BII’s markets and effectively assess and prioritise them.
• Skilled or interest in acting as an intermediary to key internal and external stakeholders, such as FCDO, BII’s Board, Executive Management Team, Investment and Impact Group Team, and corporate functions.
• Proven track record of collaborating for problem-solving, issues management and resolution.
• Ability to stay abreast of emerging themes and trends in impact risk and policy, and identify and where relevant, drive thought leadership efforts in this area.
• Well networked across DFIs, MDBs and ESG/impact industry
• 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.