Senior Manager - Product Development
Homes England | National Housing Bank
£59,631 - £69,548 | Hybrid | Location: Hybrid (Birmingham, Bristol, Leeds, Liverpool, London, Manchester, Newcastle, Northstowe)
Homes England is launching the National Housing Bank, a new government-backed investment platform to accelerate housing delivery across England.
The National Housing Bank is a new government-backed financial institution within Homes England. With £16bn in capital, it will unlock private investment, support regeneration and accelerate housing delivery across the UK. Joining now offers a rare opportunity to shape a major new national investment platform from the ground up.
The Senior Manager - Product Development will be a key member of a team responsible for generating, designing and transacting financial products that use the National Housing Bank (NHB)'s £5.5bn guarantee capacity to support its housing and regeneration objectives.
The opportunity
Guarantee products will be designed address market failure within the housing sector. This is a market-facing role focused on new product design that furthers the objectives of the NHB and responds to market failure.
Responsibilities include:
* Lead the origination and development of guarantee opportunities, maximising private investment in housing and regeneration.
* Structure guarantee transactions, assess risks and liabilities and provide clear, evidence-based recommendations to senior stakeholders.
* Identify and engage partners, lead negotiations, and coordinate advisors to ensure due diligence, compliance and effective deal execution.
* Oversee governance, risk and reporting frameworks, preparing high-quality materials for internal decision-making and approvals.
* Contribute to strategy, business plans and product development, leveraging expertise in housing policy, markets and finance.
* Act as a senior team member, mentoring colleagues, enhancing tools and processes and building strong stakeholder relationships.
Candidate profile
* Support product development and guide key stakeholders with clear, credible explanations and logical reasoning.
* Negotiate terms, pricing, covenants, and information undertakings aligned with risk appetite, including debt and capital markets considerations.
* Assess and defend credit views on assets, borrowers, and structures, incorporating downside, recovery, and residential property valuation metrics (DCF, IRR, yields, cap rates, comparables).
* Manage and challenge technical, legal, ESG, and appraisal reports, reviewing agreements and guarantees to identify key risk points.
* Produce concise, well-structured credit, guarantee, and investment committee papers with clear recommendations.
* Ensure adherence to internal policies, regulatory and rating agency requirements, and assess how guarantees impact risk transfer and capital.
Why join?
* Help build a new national investment institution
* Work on complex housing and regeneration transactions
* Deploy £16bn of government-backed capital
* Hybrid working across multiple UK locations
* Defined benefit pension and strong public-sector benefits
Contact point for applicants
Name : Rebecca Nolan
Email : [2]
Recruitment team
Email : [3]
Closing date: 12th April 2026
Right to Work in the UK is required.
References
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3. mailto:

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