Director, Credit Trading Businesses
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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.
Team Mission
At OakNorth our Credit Risk team is at the heart of what we do empowering ambitious businesses to grow while protecting the strength of our portfolio. As a Credit Director youll play a pivotal role in driving that mission forward.
Youll critically assess and challenge new lending opportunities across a diverse range of SME and trading businesses crafting high-impact insightful recommendations to our Credit Committees. Your analysis and judgement will directly influence key decisions ensuring we deliver the right outcomes for our customers while staying true to OakNorths credit appetite.
This is a highly visible role youll be centrally involved with Credit Committees engage directly with borrowers to understand their funding ambitions and help shape decisions that fuel real economic impact. If you thrive on intellectual challenge commercial thinking and meaningful responsibility this is your opportunity to make a tangible difference at one of the UKs most innovative banks.
Key Responsibilities:
- Key involvement in shaping loan proposals throughsighting new lending opportunities with deal teams at an early stage
- Work with and professionally challenge our Debt FinanceOrigination team and Credit Analytics team to achieve high quality Creditpapers and deliver high-quality Credit recommendations to Credit Committee(s) including suggestions to improve the deal structure to facilitate positive outcomes for our customers while remaining within theBanks Credit appetite
- Strong ability to quickly grasp the transaction andfocus on the key risks presenting findings in a concise yet focusedmanner.
- Collate and distribute the committee decision to newloan requests in a concise yet clear fashion and be responsible for anyfollow up actions
- Review and input on terms sheets balancing the relativerisks of the deal with customer outcomes
- Support the internal Legal/Loan Execution team in theloan completion process through close scrutiny over the banks securityrequirements documentation and ensuring bank has complied with allcontrols as agreed at Credit Committee
- From time to time meet clients with our Debt Financeteam providing guidance on structuring and early steer on credit appetite
- Support Portfolio Management team post facilitydrawdown with any in life loan increases or extensions restructure orcovenants resetting
- Review all key information in supporting the creditdecision and be instrumental in ensuring deal teams satisfy conditions precedent. This may include Financial Due Diligence overview of financialaccounts and understanding of covenant models. Ability to explain anddeliver rationale behind setting thresholds and definitions.
- Ensure that the data used by the firm to assess its risks is fit for purpose in terms of quality quantity and breadth
- Undertake any strategic projects as necessary as requested by the Head of Credit Risk
What we are looking for:
- A working knowledge and experience of SME cash flow based lending and financial analysis. A detailed understanding of certain key sectors is preferred e.g. collateralised lending in Healthcare Hospitality and Leisure and typically non-collateralised sectors such as Financial intermediaries Manufacturing; Assets classes such as Structured/Leveraged Finance including M&A activity Financial sponsors MBO/MBI. A strong grasp of working capital mechanics is also required. Ideally (but not essential) knowledge of Real Estate lending primarily residential property development but also investment and commercial property too
- Ideally a minimum 5 years in a credit risk function or be able to demonstrate transferable skills.
- A good knowledge of credit risk models associated with the analysis of SME clients such as RWA PD LGD
- A focus on achieving beneficial outcomes for the Bank and our customers. Tenacity yet pragmatic and strong willingness to strive for quality
- Understanding of wider risks associated with full SME product lifecycle including origination optimisation collections and recoveries
- Strong experience of risk and control techniques including covenant setting as applied to SME credit processes including both the theory and application in practice
- Strong negotiation skills and ability to deal with challenge in a professional manner
- Ability to relate well to customers and colleagues
- Ability to handle multiple deliverables in a fast-paced high-volume environment
- Effective time management is key
Benefits and 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)
We 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:
Director
Key Skills
- EAM
- Food Technology
- AC Maintenance
- Corrosion
- Arabic Cuisine
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
