AMS PSR

Manager – Product Development

Homes England | National Housing Bank

£51,076 - £59,970 | 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 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:

•    Support the origination, structuring and development of Homes England guarantee opportunities to attract private investment, ensuring alignment with risk appetite, operational, financial and policy objectives. 

•    Assist in structuring guarantee transactions and liaising with potential partners, senior colleagues and advisors, ensuring due diligence, regulatory compliance and effective negotiations. 

•    Contribute to the design, operation, and documentation of governance, risk and reporting arrangements, providing analysis and data for wider teams. 

•    Provide insights, analysis and drafting to support business plans, strategy papers, product development and government/internal colleagues on guarantee liabilities. 

•    Build and maintain strong working relationships with internal and external stakeholders while developing knowledge of housing policy, markets and finance. 

•    Take responsibility for personal skills development, sharing best practices, and improving team tools, processes and ways of working.

Candidate profile

•    Support product development and NHB leadership while clearly communicating logic and rationale to all stakeholders. 

•    Assist in negotiating deal structure, pricing, covenants and information undertakings aligned with the guarantor’s risk appetite. 

•    Form, articulate, and defend credit views on assets, borrowers, or structures, coordinating and integrating technical, legal, ESG and appraisal reports. 

•    Draft clear, concise credit/guarantee memos and investment committee papers with actionable recommendations. 

•    Apply debt structuring, capital markets knowledge and residential property valuation (DCF, IRR, yields, cap rates) to inform credit and guarantee decisions. 

•    Manage internal risk, regulatory and rating constraints; review legal documents (term sheets, facility agreements, guarantees) and identify key risk points.

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 : rebecca.nolan@weareams.com 

Recruitment team

Email : psrpermapplications@weareams.com

Closing date: 12th April 2026

Right to Work in the UK is required.