AMS PSR

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 : rebecca.nolan@weareams.com 

Recruitment team 

Email : psrpermapplications@weareams.com

Closing date: 12th April 2026

Right to Work in the UK is required.