Full-Time

Junior Cash & Treasury Operations Analyst

Posted on 1/21/2025

OakNorth Bank

OakNorth Bank

201-500 employees

Provides tailored lending solutions for businesses

Fintech
Financial Services

Entry, Junior

Manchester, UK

Full-time permanent position in Manchester.

Category
Treasury
Finance & Banking
Required Skills
Excel/Numbers/Sheets
Requirements
  • payment and/or treasury operations experience in a financial services / fintech company or similar environment
  • Strong analytical and numerical skills
  • Strong in Microsoft excel including V-lookups, Pivot Tables
  • Strong interpersonal and communication skills (written as well as verbal)
  • Resourceful problem solver with a focus on delivery (ability to multitask is also crucial)
  • Ability to collaborate with teams across multiple locations (Manchester, London, India)
  • High attention to detail ability to execute in a structured manner
  • Ability to review exceptions and escalate in line with procedures
  • Capability to complete bank reconciliations for bank accounts
  • Very self-motivated, with a positive mind-set, having strong time-management skills, and possessing strong attention to detail and accuracy
Responsibilities
  • Working in a growing UK Cash & Treasury Operations team
  • Processing payments (GBP and currency) to clients, internally and third parties, ensuring accuracy, timeliness and fully compliant work practices; using a variety of payments methods including, CHAPS, BACS and various other bank payment systems
  • Performing 4-eye checks, monitoring and completing a control function to validate and ensure data accuracy and execution for Cash Management activities
  • Investigating and helping to resolve numerous, varied and sometimes complex queries relating to account reconciliations that relate to the processes of the team
  • Resolving internal and external deposit and loan customer queries regarding cash in a timely and professional manner; by independently driving resolution through liaising with banks on client and internal bank accounts to ensure consistent, accurate and smooth transaction processing
  • Maintaining the TFSME with BoE by completing weekly balance updates, pool submissions, and drawdowns
  • Transacting GILT purchases, sales or maturities within the custodian settlement account
  • Monitoring the Collateral Management and preventing any Margin Calls
  • Completing control processes of payment approvals and ensuring process, procedure and policy adherence
  • Working flexibly within a time-bound environment, prioritising and balancing tasks and activities to ensure externally driven timescales are adhered to e.g., daily cut offs for different banking procedures and Treasury Back Office demands
  • Performing AML checks and processes in line with policies and procedures
  • Owning the updating and systematic review of Standard Operating Procedures; including any ad hoc updates and changes to processes, and provide team training sessions upon process changes
  • Collating data for the Annual Regulatory Reporting to HMRC for ISA, BBSI and FATCA
  • Supporting both the FSCS SCV Submission for internal testing and genuine external submission required every 3 years
  • Contributing to the Annual external Audit of all processes by providing case studies, examples and rationale on actions completed on transactions
  • Identifying process improvements across Cash and Treasury Operations and documenting requirements

OakNorth Bank offers tailored lending solutions to businesses and savers in the UK, focusing on fast and flexible financing options. The bank specializes in senior debt finance, allowing for quick loan approvals that benefit sectors like property development and hospitality. Unlike traditional banks, OakNorth works closely with private equity firms to customize its financial products, ensuring a customer-centric approach. Additionally, by providing savings accounts, OakNorth supports local business growth, creating a positive impact on communities.

Company Stage

Grant

Total Funding

$15.8M

Headquarters

London, United Kingdom

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for fast financing aligns with OakNorth's tailored lending model.
  • Digital banking trends offer opportunities to enhance OakNorth's digital lending platform.
  • Growing UK real estate market provides opportunities for OakNorth to finance redevelopment projects.

What critics are saying

  • Rising interest rates may impact loan affordability and increase default rates.
  • Increased competition from digital-only banks like Monzo and Starling Bank.
  • UK's tightening property development regulations could reduce demand for OakNorth's loans.

What makes OakNorth Bank unique

  • OakNorth offers fast, flexible finance options tailored to ambitious UK businesses.
  • Specializes in senior debt finance, prioritizing loans for management buyouts.
  • Focuses on property developers and hospitality businesses, providing tailored lending solutions.

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Benefits

Flexible Work Hours

Paid Vacation

Parental Leave

Company Equity

Commuter Benefits