Full-Time

AM / Manager

Risk and Compliance

Posted on 3/13/2025

OakNorth Bank

OakNorth Bank

201-500 employees

Provides tailored lending solutions for businesses

No salary listed

Mid

Noida, Uttar Pradesh, India

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Requirements
  • 2-4 years compliance experience within financial services
  • An engaged mind – demonstrates a real keenness to apply themselves. Is *present* at work and throws everything they can at the role.
  • Grasps the opportunity – doesn’t rest on their laurels but takes the chance to acquire new skills and put those into practice.
  • ‘Sponges’ knowledge – has a strong appetite to learn and develop, is inquisitive and interested.
  • Relationship champion – can work with all levels of people, can influence and be engaging.
  • Puts in the effort – respects the organisation and the team by being super diligent at all times.
Responsibilities
  • Junior member of the Bank’s second line Risk and Compliance Teams supporting the day-to-day tasks of the Deputy Head of Compliance and the wider Risk team, including:
  • Maintaining the Bank’s registers on conflicts of interest and outside business interests, insider lists, and breaches, and carrying out periodic reviews of the same;
  • Assisting with risk event reviews and breach management;
  • Helping to maintain the Compliance & Risk Function’s policies and procedures, including the overall Policy Framework;
  • Keeping on top of the Compliance Calendar and supporting in the timely completion of Compliance tasks;
  • Supporting the compilation of management information and other information gathering, in issuing monthly and quarterly governance reports for the Bank’s governance committees;
  • Supporting the delivery of the quarterly Risk Control Self Assessment process;
  • Logging and filing all requests that come into the Compliance Advisory mailbox; and
  • Providing further administrative assistance, 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 create customized financial products, ensuring a customer-centric approach. Additionally, their savings accounts support local business growth, aiming to create a positive impact on communities.

Company Size

201-500

Company Stage

Grant

Total Funding

$15.8M

Headquarters

London, United Kingdom

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • OakNorth's US expansion offers growth opportunities in a new market.
  • Partnerships with fintechs enhance customer experience and operational efficiency.
  • OakNorth's focus on sustainable finance aligns with growing demand for green loans.

What critics are saying

  • Increased competition from digital banks may erode OakNorth's UK market share.
  • US expansion could strain resources and lead to operational inefficiencies.
  • Reliance on the UK property market makes OakNorth vulnerable to real estate fluctuations.

What makes OakNorth Bank unique

  • OakNorth offers fast, flexible finance options tailored to ambitious UK businesses.
  • The bank specializes in senior debt finance, prioritizing loans for management buyouts.
  • OakNorth's customer-centric approach ensures competitive, tailored financial products for clients.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Flexible Work Hours

Paid Vacation

Parental Leave

Company Equity

Commuter Benefits

Company News

TradingKey
Mar 16th, 2025
PRESS DIGEST-British Business - March 17

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.

IFA Magazine
Mar 6th, 2025
#Iwd25 | Lessons In Scaling – Female Founders Leading The Way Says Oak Nor

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

FF News
Mar 6th, 2025
Oaknorth Pre-Tax Profits Surge To £215M ($272M) As It Surpasses £12.5Bn ($15.7Bn) In Lending And Continues Its Us Expansion

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]

Tech.eu
Mar 6th, 2025
Softbank-Backed Oaknorth Sees New Lending Drive Up Profits

OakNorth, the UK challenger business bank, has reported a 15 per cent increase in pre-tax profits to £215m in 2024, driven by new lending in the UK and the US where it has recently launched. OakNorth, which is backed by SoftBank, the Japanese investment group, lends to UK businesses with between £1m and £100m in revenue and offers business banking through savings accounts and cards. The London-headquartered online lender has lent more than £12.5bn to customers since its 2015 launch

FF News
Mar 4th, 2025
OakNorth Partners with Fintech North to Further Strengthen Its Support of Businesses Across the North

Fintech North is delighted to partner with OakNorth, the digital bank for entrepreneurs, by entrepreneurs, that is dedicated to empowering the lower mid-market (businesses with £1m-£100m turnover) to support growth, prosperity, and innovation for the benefit of all.