Full-Time
OakNorth Bank
501-1,000 employees
Provides tailored lending solutions for businesses
No salary listed
Expert
Noida, Uttar Pradesh, India
- 10-15 years of experience
- Experience of control testing, and developing automated control testing
- Energy, pace, and strong work ethic.
- Relationship champion – can work with all levels of people, can influence and be engaging.
- Strong written and verbal communication skills
- Analytical skills, able to analyse complex issues in a methodical and structured way with appropriate attention to detail.
- Proactive investigation and problem-solving skills
- In-depth knowledge of operational risk management risks and controls, and the regulatory framework applicable to this area.
- Execute independent second line control testing, identifying control weaknesses and providing actionable recommendations for remediation.
- Partner with the first line to enhance their control monitoring within business assurance testing.
- Support the development of the automation of critical control testing
- Working closely with teams across Risk & Compliance, support the delivery of the combined Assurance Monitoring Plan.
- Support the execution of the Risk and Control Self Assessment (RCSA).
- Support the embedding of the Governance Risk and Control (GRC) tool in risk processes.
- Manage operational events and issues.
- Support committee reporting.
- Support the Operational Resilience programme.
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 support management buyouts and business growth, particularly in property development and hospitality. OakNorth differentiates itself from traditional banks by providing loans in days or weeks instead of months, and it emphasizes a customer-centric approach to ensure positive client experiences. Additionally, by offering savings accounts, OakNorth supports local businesses, fostering community growth.
Company Size
501-1,000
Company Stage
Grant
Total Funding
$15.8M
Headquarters
London, United Kingdom
Founded
2015
Simplify's Take
What believers are saying
- OakNorth's lending supports UK and US business growth, creating jobs and homes.
- Partnerships with Fintech North enhance support for businesses in Northern UK.
- Strong financial performance with £215M pre-tax profits and £12.5Bn in lending.
What critics are saying
- US expansion may face regulatory challenges and integration risks.
- Reliance on private equity-backed businesses could be risky during market downturns.
- Focus on property development loans exposes OakNorth to real estate market fluctuations.
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 customer delight, ensuring positive client interactions and tailored solutions.
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Benefits
Flexible Work Hours
Paid Vacation
Parental Leave
Company Equity
Commuter Benefits
Company News
Inuvi Medical Services has secured a £16 million financing facility from OakNorth to support its growth and acquisitions. This funding will allow Inuvi to refinance existing debt and acquire Physiological Measurements, a provider of community non-invasive diagnostic services in partnership with the NHS.
SGI acquires Edinburgh office building from OakNorth Bank.
OakNorth, the British-based digital bank, will on Monday announce that it has agreed to acquire Community Unity Bank (CUB), which is based in Birmingham, Michigan, in an all-share deal.
The journey to scaling a business is rarely straightforward. For female entrepreneurs and leaders, the road can be even steeper. Despite making significant contributions to the UK economy, women lead just 15% of small and medium-sized enterprises (SMEs) with employees, according to the government’s 2023 Small Business Survey. Yet, female-led businesses continue to receive a disproportionately small share of investment and debt funding – just 2% of VC capital. Even so, female founders continue to drive innovation, growth, and change.At Oak North, we’ve had the privilege of working with some of the UK’s most dynamic female-founded and led businesses, all of whom have navigated the complexities of scaling while securing the funding needed to grow. Women like Nisha Katona (MowgliStreet Food), Ella Mills (Deliciously Ella), Tracey Storey (Melrose Education), and Sophie Lawler (Total Fitness)are leading thriving businesses in highly competitive industries. Their journeys reflect the resilience, vision, and ambition that define entrepreneurship today
OakNorth – the leading digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m)[1]. OakNorth provided over £2.1bn ($2.6bn) of gross new lending in 2024, continuing its track-record of supporting ambitious and innovative businesses across the UK and the US. To date, OakNorth’s total cumulative credit facilities have grown to £12.5bn ($15.7bn) – up from £10.2bn ($12.9bn) at the end of 2023, with an adj. return on equity (ROE)[2] of 22%. OakNorth is also ranked amongst the top 1% of banks globally in terms of return on assets (ROA)[3].OakNorth’s backing continues to be a catalyst for growth, innovation, and market leadership for its lower mid-market customers, as well as creating a positive multiplier effect in the communities and economies in which it operates. Since its launch in September 2015, its loans have directly supported the creation of over 56,000 jobs and over 34,000 new homes, the majority of which are affordable housing[4]