Senior Manager - Product Development

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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