Associate Operations Lending
Share
Job Location:
Monthly Salary:
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
At OakNorth were on a mission to empower the UKs most ambitious businesses. Since 2015 weve lent over $18 billion across the UK and US helped create more than 58000 new homes and 36000 new jobs and supported hundreds of thousands of personal savers all while fuelling the UK economy.
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.
In a nutshell the mission of an Operations Lending Associate in the current role will be performing loan booking operations & in life management activities within the available systems pertaining to Syndication Agency Bilateral Loan operations and LMA Docs.
Are you ready to step up to the challenge
Key Responsibilities
- Execute loan booking accurately and in accordance with approved deal terms and documentation.
- Manage in-life loan activities including rate resets interest and fee calculations repayments rollovers prepayments and amendment processing.
- Review and interpret LMA (Loan Market Association) and other legal loan documents to ensure accurate setup and ongoing maintenance within the loan systems.
- Coordinate with internal teams to resolve booking discrepancies documentation queries and any other related issues.
- Maintain and update loan management systems ensuring data integrity and timely processing of transactions.
- Ensure compliance with internal controls audit standards and regulatory requirements throughout all operational processes.
- Contribute to process improvement initiatives to enhance operational efficiency and reduce risk.
Required Experience & Skills
- 25 years of hands-on experience in loan operations lending operations or middle/back-office functions within a bank or financial institution.
- Strong understanding of loan lifecycle management including disbursements repayments interest rate resets and fee processing.
- Experience working with Syndicated Agency and Bilateral loans and familiarity with LMA documentation.
- Proficiency in accountancy and financial reconciliations with a focus on accuracy and data integrity.
- Strong analytical and problem-solving skills; ability to identify and mitigate operational risks.
- Effective communication and collaboration skills to work with cross-functional teams.
- Basic working knowledge of Microsoft tools like Excel
- A proactive mindset with a focus on continuous learning and process enhancement.
About Us Were OakNorth Bank and we embolden entrepreneurs to realise their ambitions understand their markets and apply data intelligence to everyday decisions to scale successfully at pace. Banking should be barrier-free. Its a belief at our very core inspired by our entrepreneurial spirit driven by the unmet financial needs of millions and delivered by our data-driven tools. And for those who love helping businesses thrive Our savings accounts help diversify the high street and create new jobs all while earning savers some of the highest interest on the market. But we go beyond finance to empower our people encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed. Our story OakNorth Bank was built on the foundations of frustrations with old-school 2005 when our founders tried to get capital for their data analytics company the computer said no. Unfortunately all major banks in the UK were using the same computer and it was broken. Why was it so difficult for a profitable business with impressive cashflow retained clients and clear commercial success to get a loan The industry was backward-looking and too focused on historic financials rather than future potential. So what if there was a bank founded by entrepreneurs for entrepreneurs One that offered a dramatically better borrowing experience for businesses No more what ifs OakNorth Bank exists. For more information regarding our Privacy Policy and practices please visit: Us
Were OakNorth Bank and we embolden entrepreneurs to realise their ambitions understand their markets and apply data intelligence to everyday decisions to scale successfully at pace.
Banking should be barrier-free. Its a belief at our very core inspired by our entrepreneurial spirit driven by the unmet financial needs of millions and delivered by our data-driven tools.
And for those who love helping businesses thrive Our savings accounts help diversify the high street and create new jobs all while earning savers some of the highest interest on the market.
But we go beyond finance to empower our people encourage professional growth and create an environment where everyone can thrive. We strive to create an inclusive and diverse workplace where people can be themselves and succeed.
Our story
OakNorth Bank was built on the foundations of frustrations with old-school 2005 when our founders tried to get capital for their data analytics company the computer said no. Unfortunately all major banks in the UK were using the same computer and it was broken.
Why was it so difficult for a profitable business with impressive cashflow retained clients and clear commercial success to get a loan
The industry was backward-looking and too focused on historic financials rather than future potential.
So what if there was a bank founded by entrepreneurs for entrepreneurs One that offered a dramatically better borrowing experience for businesses
No more what ifs OakNorth Bank exists.
For more information regarding our Privacy Policy and practices please visit: may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
IC
Key Skills
- Business
- Information Management
- Accounting
- Corporate Risk Management
- Faculty
- Jms
About Company
OakNorth Credit Intelligence Suite transforms commercial lending, giving banks 360° views of borrowers, with deeply granular, forward-looking insight, to improve efficiencies, lower credit risk, and drive profitable growth through economic cycles. Banks lend smarter, lend faster, and ... View more
