Non-Financial Risk Manager

Shape the Future with the National Wealth Fund

At the National Wealth Fund our mission is to swiftly and effectively mobilise trusted sector insights and investment expertise to unlock billions in private finance for projects across the United Kingdom. Providing 27.8bn of capital and an expanded mandate we are ready to help the market invest with confidence continue to drive forward the Governments growth ambitions.

We are looking for skilled and results oriented individuals who are motivated to help us build the National Wealth Fund into an industry-leading institution.

Job Purpose

Location: Hybrid working with a minimum of 3 days per week in the Leeds office

Salary: 70000 - 80000

Deadline to Apply: 26th April 2026. Early submission is encouraged and applications will be reviewed on an ongoing basis.

The primary purpose of the Risk & Compliance function at the National Wealth Fund (NWF) is to embed an effective risk management framework which enables the risks to the Funds objectives to be managed in an agile and effective way. The team fosters a risk-aware culture across the Fund and provide the necessary assurance that key risks are managed within the appetite set by the Board.

This role is for a Non-Financial Risk Manager in the Risk & Compliance function reporting to a Senior Non-Financial Risk Manager. The role holder will be responsible for the delivery of risk and control advisory and assurance activities by partnering with key stakeholders to ensure the identification and management of risks is in line with the Funds risk appetite and risk management framework.

Core responsibilities

• Provide risk management oversight guidance support and challenge to risk and control owners to drive effective risk management.
• Contribute to the development and implementation of a robust Fund-wide risk management framework including supporting the development of risk policies standards and procedures to ensure the Fund operates within its risk appetite.
• Establish and maintain strong partnering arrangements with key functions in the organisation.
• Conduct risk reviews control testing and ensure that all actions are implemented.
• Contribute to the Funds risk management reporting including the drafting of papers for Risk Committee and Audit and Risk Committee
• Contribute to the development implementation testing and monitoring of the Funds risk and control framework including external factors limits and early warning indicators to ensure the Fund remains within risk appetite.
• Contribute to the design and delivery of risk management training across the Fund working with the Learning & Development team to enhance the Funds risk in managing risk.
• Embed and maintain the incident management process including reporting to ensure timely reporting of the significant risks and management information to inform decision-making.
• Coach wider team in how to embed risk management good practices and controls into their day-to-day processes contributing to the development of the risk culture of the Fund.
• Support the development of the risk system and ensuring its integrity.
• Oversee and mentor your direct report(s) if any ensuring effective performance management and professional development.

Knowledge Skill and Experience requirements

Experience

• Significant experience of managing operational risk in a financial services environment
• Demonstrable experience of contributing to the design development and implementation of risk management frameworks
• Exposure to working with senior management.
• Experience of public sector regulation or working within government would be an advantage but not essential.

Knowledge

• Educated to degree level
• Strong knowledge and expertise of operational risk in financial services
• Knowledge of risk registers; assurance maps; controls testing; building risk management frameworks incident management and execution with first line of defence.
• Knowledge of impact/ESRG frameworks would be an advantage.

Skills

• Strong analytical skills combined with the ability to communicate complex information in a simplified manner.
• Possess strong presentation skills; demonstrate ability to present to committees and senior management.
• Pragmatic and comfortable working with ambiguity
• Excellent communication listening and writing skills.
• Strong attention to detail and well-organised; ability to prioritise multi-task and work well under pressure.
• Ability to interpret a companys strategy and vision and implement through risk management activities.
• Able to challenge internal clients thinking and influence.
• Self-motivated and works well independently; capable of taking initiative without prompting.
• Strong problem-solving techniques including the ability to identify research and resolve unfamiliar issues and ability to clearly communicate issues to key stakeholders.
• Conflict resolution and escalate where necessary.

A career with us offers a unique opportunity to make a lasting impact and work on cutting-edge technologies that will drive the UKs future. We value diversity in our people and inclusion is at the heart of what we do.

We offer competitive benefits and unique learning opportunities from combining both private and public sector skills and experience. Please note referencing and background checks are carried out for all roles here at the National Wealth Fund.