Head – Complex Transaction Support

Our new headquarters are based in Leeds, which is our preferred location; however, candidates also have the option to attend our offices in Birmingham, Bristol, Liverpool, London, Manchester, Newcastle or Northstowe.

Homes England is launching the National Housing Bank
, a new government-backed investment platform to accelerate housing delivery across 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 role holder will lead and manage a small team of Senior Managers within the Complex Transaction Support (CTS) team, overseeing a portfolio of distressed lending cases (including debt, equity, guarantees and equity investments) within the Distressed Positions team. These cases are high-profile and have been transferred to the CTS team due to identified delivery, fiscal, or reputational risks.

The job holder will report directly to the Assistant Director, Complex Transaction Support, and will be required to exhibit gravitas and negotiation skills both externally and internally in a high-pressure public environment. Complimentary requirements include an exceptional Credit & Risk and Organisational skill set.

Responsibilities include:

• Designing, implementing, and maintaining an effective system for identifying, analysing, and assessing emerging risk within the mainstream portfolio which is managed by the Portfolio Management team.
• Designing, implementing, and executing an agreed work out strategy for all identified Risk cases, by applying a wide range of restructuring options.
• Delivering elected restructuring strategies internally through:
  Risk, Investment Project Executive, Credit & Risk Committee, (and when required) the Risk teams within Ministry - Ministry for Housing, Communities, Local Government (MHCLG) and the Treasury.
• Maintaining, managing, and implementing the CTS designed Watch List Process through monthly updates to Risk and monthly management meeting with Portfolio Management and Risk, which are minuted and passed to the CRO to fulfil a robust and auditable review process.
• Maintenance of an effective database of all potential, current and historic impaired and written down loans, to provide an accurate and concise assessment of the position of the Investment Directorate Risk exposures.
• The job holder will be expected to introduce and embed best practice, disciplines, and processes from the Commercial Banking sector into the Agency. This will include providing advisory engagement into Risk, the Senior Management within the Agency (including the CEO and Chairman), the board, MHCLG and the Treasury.

• The jobholder will be required to exhibit extensive technical capability in insolvency procedures and restructuring options.
• Proven understanding of insolvency law and the law relating to Administration, Law of Property Act Receivership, and other enforcement mechanisms (for example schemes of arrangement and sale of debt).
• Significant experience in successfully leading and managing a team of individuals who have worked with distressed lending positions.
• Leadership experience and credibility to run a high output team dealing with diverse risk problems in high pressure situations.
• Proven experience of managing complex lending positions to maximise the Agency delivery while minimising financial loss; by using exhibited analysis and problem-solving techniques to achieve the optimum outcome.
• Extensive Credit Risk experience across all sectors, to establish development and counter party risk.
• The ability to concisely present complex distressed lending problems with a decided work out strategy to Senior Management, Board members within the Agency, and DLUHC and HMT and in both written and verbal format.
• Help build a new national investment institution
• Work on complex housing and regeneration transactions
• Deploy £16bn of government-backed capital
• Hybrid 50/50 working across multiple national locations
• Defined benefit pension and strong public-sector benefits