Associate Director, Savings & Deposits
Associate Director, Savings & Deposits
Posted on :
13-06-2025
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1 Vacancy
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Job Description
Since 2015 weve backed entrepreneurs with over 13bn in funding helping create 56000 jobs and 34000 new homes across the UK and US. Were dedicated to helping trailblazing businesses thrive and our Savings and Deposits team are integral to our growth.
This is a fantastic opportunity to join a fast-paced growing bank with a reputation for doing things differently. We dont want another cog in the machine were looking for self-starters and bold thinkers who want to pave their own career paths and are passionate about supporting the UKs best and brightest businesspeople.
As Associate Director Savings & Deposits at OakNorth youll take part in leading the strategy growth and execution of our commercial deposits business playing a critical role in shaping our funding strategy and expanding our relationships with the UKs most ambitious and high-growth businesses. Sitting at the intersection of relationship banking treasury and product innovation youll drive scalable customer-centric deposit solutions tailored to the evolving needs of SMEs mid-market companies and fast-scaling ventures wishing to offer these services to their customers.
This is a high-impact role where youll bring a sharp commercial mindset a passion for challenging the status quo and the ability to thrive in a dynamic founder-led environment where success is measured through bold thinking strong execution and real commercial results.
Are you ready to step up to the challenge
Responsibilities:
Strategy & Leadership
Part own and drive the commercial deposits strategy aligning with the banks 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.
Client & Market Focus
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.
Product & Innovation
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.
Utilizing Generative AI: Leverage GenAI tools to increase productivity and enhance decision-making processes within the role.
Commercial & Financial Ownership
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.
Governance & Risk
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.
Requirements:
- Proven track record in a similar commercial or sales role.
- Demonstrated success growing commercial deposit portfolios and building product-led customer propositions.
- Deep understanding of the needs of growth businesses particularly in terms of banking and financial services.
- 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.
Benefits & Perks:
- Equity. We want people to have a stake in the business so that all our interests are aligned.
- 25 days holiday
- Personalized benefits opt-in to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- In-house Barista Bar in London office
- Support causes that matter to you Volunteering time off
- Salary sacrifice schemes (Cycle to work nursery gym electric car scheme)
Required Experience:
Director
Employment Type
Full-Time
Key Skills
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