Full-Time
Associate Director of Commercial Partnerships
Personal Savings
Posted on 6/12/2025
OakNorth Bank
501-1,000 employees
Delivers tailored senior debt finance
No salary listed
London, UK
In Person
 Finance & Banking (3) |
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- Proven track record in a similar commercial or sales role.
- A strong network of relationships within the venture capital and private equity communities.
- Strong commercial acumen with the ability to balance client needs and sustainable unit economics.
- Demonstrated ability to build new and leverage existing relationships to achieve business targets.
- Excellent communication and interpersonal skills, with the ability to influence and persuade senior stakeholders.
- A passion for innovation and a drive to challenge the status quo in banking.
- Comfortable working in a hyper-growth, founder-led, entrepreneurial environment where success is demonstrated through commercial results.
- Part own and drive the Personal Savings strategy, aligning with the bank’s broader liquidity, balance sheet, and commercial goals.
- Identify high-growth opportunities across sectors including healthcare, tech, professional services, and real estate.
- Work in and drive a high-performing team focused on acquisition, retention, and deepening deposit relationships.
- Serve as a thought leader and internal champion for deposit-led growth, collaborating across product, treasury, risk, and technology.
- Act as a strategic advisor to commercial clients, understanding and solving for their cash, liquidity, and funding needs.
- Develop tailored propositions (e.g. escrow, notice accounts, structured deposit products) that appeal to CFOs and treasurers of growth companies.
- Leverage your existing network to originate new relationships and embed us within the venture ecosystem.
- Monitor market trends and competitor activity to ensure our deposit offering remains relevant and differentiated.
- Co-create innovative, tech-enabled deposit solutions in partnership with product and engineering teams.
- Ensure seamless onboarding, servicing, and digital UX that meet the expectations of modern business customers.
- Explore opportunities to integrate cash management, treasury, and ESG-linked features into deposit propositions.
- Leverage GenAI tools to increase productivity and enhance decision-making processes within the role.
- Drive and exceed targets across deposit balances, NIM, customer acquisition, and cost of funds.
- Develop commercial models and pricing frameworks in close alignment with Treasury and Finance.
- Influence and support ALM strategy through effective management of term structure and deposit mix.
- Ensure compliance with PRA, FCA, and internal governance standards including KYC/AML for commercial deposit clients.
- Work with Compliance and Risk to maintain robust frameworks as we scale.
OakNorth provides tailored lending and savings services in the UK. It specializes in senior debt finance for ambitious businesses, including property developers and hospitality ventures, offering fast, flexible loans from small sums to tens of millions of pounds and can support management buyouts. Its products work by delivering loans in days or weeks rather than months, using data-driven underwriting and close collaboration with private equity firms, sponsors, and business owners. In addition to lending, OakNorth offers savings accounts to individuals, with customer deposits supporting local business expansion. The company differentiates itself through speed, customized debt structures, a focus on senior debt for ambitious growth, and a strong customer-delight mindset, aiming to help businesses scale quickly while fostering community impact. Its goal is to fuel business growth and community development in the UK by providing accessible capital and trusted savings options.
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
- US lending surpassed $1B in 2025, overtaking UK portfolio by mid-2027.
- £223M pre-tax profit in 2025 with £2.8B originations, 40% from US.
- Acquired Community Unity Bank in March 2025 to expand US operations.
What critics are saying
- Private credit giants Ares Management erode UK portfolio dominance within 12 months.
- US CRE loans face 20-30% valuation losses from office vacancies by 2027.
- UK FCA stricter capital rules force loan book contraction by mid-2027.
What makes OakNorth Bank unique
- OakNorth targets underserved $1m-$100m revenue businesses with data-driven lending.
- OakNorth delivers loans in days using analytics for lower mid-market segment.
- OakNorth maintains top 1% global credit metrics across economic cycles.
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Benefits
Flexible Work Hours
Paid Vacation
Parental Leave
Company Equity
Commuter Benefits
Company News
Total Capital backs MBO at Radiocoms. Posted on Wednesday, April 22, 2026 - 12:04 Radiocoms has completed a management buyout backed by Total Capital Partners, marking a key milestone for the company as it aims to accelerate growth and expand its capabilities in the comms sector. OakNorth provided the funding package to Radiocoms, to support Total Capital Partners' investment and enable Chief Executive Officer (CEO) Mark Blythe to lead a management buyout alongside a targeted buy-and-build strategy. Over the last FY 2025, the independent comms and security networks provider Radiocoms delivered strong growth, reaching £38.7m turnover and double-digit EBITDA margins and supported by continued investment in engineering and advanced integrated technologies. Total Capital Partners' investment will give the backing for a management buyout from the founding shareholders. The independent sponsor initially backed a plan to boost the growth of the business both organically and via acquisition, with a targeted buy-and-build strategy already in place and additional funding support committed to underpin this growth. This new investment will support Radiocoms' next phase of growth, including expanding its presence across defence and critical infrastructure markets, investing in new technologies, and executing its acquisition strategy. "From the outset, OakNorth demonstrated a deep understanding of our business and the dynamics of sponsor-backed transactions," Blythe said. "Their experience in supporting management buyouts, combined with their speed, flexibility and ability to deliver certainty of execution, made them a highly valued partner throughout the process." Image shows: Mark Blythe, Chief Executive Officer (CEO) at Radiocoms Related Topics
OakNorth has provided a £50 million revolving credit facility to CLS Holdings to support refinancing and asset management across its European property portfolio. The London-listed real estate investor owns office and commercial assets across the UK, Germany and France, with a portfolio valued at approximately £1.7 billion. The facility will refinance existing debt and fund ongoing investments including refurbishment, leasing activity and asset repositioning. CLS Holdings manages over 650 occupiers across 80 sites. Harry Stokes, Chief Financial Officer at CLS Holdings, said OakNorth demonstrated strong understanding of the business and delivered the solution quickly. The funding will support continued investment in high-quality, sustainable office space whilst maintaining disciplined capital allocation.
OakNorth Bank's US business lending operations will surpass its UK portfolio within a year, co-founder and CEO Rishi Khosla said at Semafor World Economy on Tuesday. The London-based bank, founded in 2015, targets businesses with annual revenues between $1 million and $100 million, a segment Khosla described as "fundamentally and structurally underserved". OakNorth expanded into the United States in 2023 and surpassed $1 billion in lending to American businesses last year. Khosla said the 2023 US banking crisis triggered the expansion, as the company sought to fill the gap left by banks focusing on larger clients.
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £28.5m loan to D2 PropCo, a specialist provider of short-term supportive housing across England and Wales.
Kinderzimmer secures loan from oaknorth for surrey nursery. * 30 March 2026 * Early Years You are unauthorized to view this page.