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Full-Time

Associate Director

Workout & Restructuring

Confirmed live in the last 24 hours

OakNorth Bank

OakNorth Bank

201-500 employees

Provides tailored lending solutions for businesses

Fintech
Financial Services

Mid, Senior

London, UK

Category
Corporate Finance
Risk Management
Finance & Banking
Required Skills
Communications
Requirements
  • Working knowledge of restructuring and insolvency/recovery techniques and previous experience in assisting in restructuring problem loans to achieve a satisfactory credit risk position.
  • Ensure credit risk and procedures are effectively complied with.
  • Assess the credit risks of new business initiatives.
  • Build relationships with key stakeholders (both internal and external), provide advice, support and solutions on a broad range of credit risk issues.
  • Ability to manage cases, prioritise work and adjust to multiple demands.
  • Experience in dealing with real estate lending and security documentation.
  • Experience and interest in development finance.
  • Excellent verbal and written communication skills including competent credit report writing.
  • Excellent analytical skills with attention to detail, including strong ability to analyse, document, simplify and effectively deal with technical and business matters and processes.
Responsibilities
  • Assist in the development of strategies and on cases which are considered straightforward.
  • Assist and support Director and Senior Director on more complex cases.
  • Implement strategies to maximise recovery and reduce risk and losses for the bank.
  • Liaise with Solicitors, Insolvency Practitioners and other associated professionals.
  • Coordinate team provision requirements, write offs, based on estimated recovery outcomes.
  • Support the senior team in adhering and developing the team’s risk management and internal control processes.
  • Assist in analysing economic, political and market events, which may have an impact on the portfolio and make risk management recommendations.
  • Work collaboratively with a team of analysts to achieve all the above.

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

26%

1 year growth

26%

2 year growth

26%
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.