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Full-Time

Deputy Controller

Confirmed live in the last 24 hours

OakNorth Bank

OakNorth Bank

201-500 employees

Provides tailored lending solutions for businesses

Financial Services
Fintech

Senior, Expert

London, UK

Hybrid position based in London.

Category
Financial Accounting
Tax Accounting
Financial Analysis
Financial Controller
Accounting
Required Skills
Mergers & Acquisitions (M&A)
Requirements
  • Qualified CA or ACCA or CPA with good understanding of IFRS and US GAAP. Active membership of the professional body with meeting CPD requirements essential.
  • Extensive experience across accounting, reporting and finance projects management is essential. Good understanding of tax frameworks in particular in UK and US preferred.
  • Industry experience- Banking and/or payment services; and/or with Big 4 public accounting/ consultancy practise with proven technical accounting skills and project execution experience within the financial services sector.
  • Prior experience of SOX implementation, listing experience or strong experience of reporting under the US SEC requirements will be a plus.
  • Operated in a fast-paced entrepreneurial organization, have a mindset of continuous improvement, process efficiencies and automation.
  • Excellent communication and interpersonal skills with proven experience of working with multiple business/stakeholder groups and with senior/ executive management committee members; leading interactions with external auditors.
  • Advanced Excel, Word, Powerpoint, Visio, Adobe in-design skills required and advanced experience of using project management tools/applications essential.
Responsibilities
  • Managing and leading strategic projects for Finance Controllership team/ leading Finance inputs including but not limited to - M&A due diligences for new acquisitions; new system and new product implementations (such as implementing new treasury and core banking system, materially upgrading existing financial reporting systems); SOX implementation (including managing the end to end project, collaborating with the various business functions and external advisors to evaluate the design and effectiveness of internal controls over financial reporting framework, identifying control gaps and weaknesses, and implementing remediations); leading finance automation projects and cost optimisation projects; working on other strategic finance actions for IPO readiness.
  • Leading technical accounting (IFRS, US GAAP, India GAAP), tax (UK, US, India) and regulatory reporting (UK and US) workstreams - analysing and documenting complex accounting/ regulatory/ tax technical areas working closely with the Controllership team and Regulatory reporting team to ensure accurate interpretations, governance documentation and implementation.
  • Managing and leading the production of critical reports including Consolidated financial statements and Annual Report for global entities of OakNorth group and Pillar 3 disclosures for OakNorth Bank.
  • Leading Finance Controllership risk management workstream, including but not limited to – maintaining and reviewing critical policy documents and drafting new policies as required, reviewing operating procedures documentation to ensure these are up to standard and usable, maintaining oversight of business assurance testing across the Controllership team, management and monitoring of internal and external audit actions, reviewing existing finance processes to ensure optimisation workflows and maintaining close oversight on the Finance Controllership team internal controls framework.
  • Leading and managing tax governances across the group, including ensuring appropriate tax frameworks are in place and monitoring these. Liaising with tax consultants for their expert opinion on various matters.
  • Working closely with the core Controllership team based in India to - support annual statutory audit process including liaising with the auditors as required and reviewing the ongoing deliverables to recommend continued improvements and enhancements.
  • Preparing Audit Committee presentations and supporting other Board meeting finance agenda items as required.

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, aiming to create a positive impact in communities.

Company Stage

Grant

Total Funding

$15.8M

Headquarters

London, United Kingdom

Founded

2015

Growth & Insights
Headcount

6 month growth

23%

1 year growth

23%

2 year growth

23%
Simplify Jobs

Simplify's Take

What believers are saying

  • OakNorth's rapid loan approval process allows businesses to scale quickly, providing a significant advantage in competitive markets.
  • The bank's strong regional presence, such as in the North West, demonstrates its commitment to local economic growth and community impact.
  • Partnerships with companies like Marqeta enhance OakNorth's service offerings, providing innovative financial tools to SMEs.

What critics are saying

  • The competitive UK banking sector requires OakNorth to continuously innovate to maintain its edge.
  • Economic downturns or market instability could impact the repayment capabilities of their business clients, affecting OakNorth's financial health.

What makes OakNorth Bank unique

  • OakNorth specializes in fast and flexible finance options tailored to ambitious businesses, unlike traditional banks that often have slower and more rigid processes.
  • Their focus on senior debt finance for management buyouts and property development sets them apart from competitors who may not offer such specialized lending solutions.
  • OakNorth's dual focus on lending and saving creates a more inclusive financial ecosystem, benefiting both businesses and individual savers.