I have dug out an older Win10 machine and the settings page is slightly different...
Settings > Accounts > Sign-in Options
You should the have the "Manage how you sign in to your device" heading, which lists the methods you can use to sign in (Face, fingerprint, PIN, password etc).
Under that, Require Windows Hello sign-in should be the second section heading, with the required slider to turn off Windows Hello on or off.
As a further test on the W10 machine, I opened File Explorer and in the address bar, and typed \[W11COMPUTERNAME]. When prompted for credentials, I entered my Microsoft email address and password, and the available shares were visible. The only other change I have made to the fresh W11 machine was to enable SMB1 via Windows Features option in Control Panel (not ideal as SMB1 is a risk). This should not be needed for Windows shares but its worth a test.