Credit, Director C&I
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
11 hours ago
Vacancies:
1 Vacancy
Job Summary
At OakNorthwereon a mission to empower the Missing Middle the growth businesses who are the backbone of the economy yet remain underserved by traditional lenders. As we scale our presence in the USwerebuilding a credit function that combines deepexpertisewith the speed clarity and commercial focus our customers value.
As a Director in our Credit teamyoullplaya central rolein delivering that and challenge new lending opportunities across a wide range of trading businesses helping shape well-structured deals that support sustainable growth while protecting the resilience of our portfolio. Your judgement will directly influence the decisions we make and the economic impact we create.
This is a highly visible high-impact role-youllbe centrally involved with Credit Committeesengage directly with borrowers partner closely with deal teams and contribute to decisions thattruly movethe needle. If you enjoy applying rigorous thinking to real-world commercial opportunities this role puts you at the heart of where OakNorth delivers value.
What Youll Be Doing
- Key involvement in shaping loan proposals through sighting new lending opportunities with deal teams at an early stageassessingstructureappetiteand keyrisksfrom theoutset.
- Work with and professionally challenge our Debt Finance Origination team and Credit Analytics team to achieve high quality Credit papers and deliver high-quality Credit recommendations to Credit Committee(s) including suggestions to improve the deal structure tofacilitatepositive outcomes for our customers whileremainingwithin the Banks Credit appetite
- Cut through complexity distilling transactions into clear concise insights that support effective decision-making.
- Communicate Credit Committee outcomes ensuring clarity on decisions andtimelyexecution of follow-up actions.
- Reviewand input ontermsheets to ensure the risk profile is appropriately balanced with customer outcomes.
- Partner with Legal and Loan Execution through closing ensuring our documentation security and conditions reflect approved structures.
- Join borrower meetings with Origination offering early guidance on appetite and deal design.
- Support Portfolio Management across in-life activity including increases extensions restructures and covenant resets.
- Review key due-diligence materials (financials covenant models financial diligence) and articulate the rationale behind covenant packages.
- Ensure data integrity supporting high-quality risk assessment across the portfolio.
- Contribute to strategic initiatives led by the Head of Credit as we scale our US business.
What Youll Bring
- Strong experience in USC&Ilowermid-marketcash-flowlending ideally across sectors such as healthcare hospitality leisure financial structured/leveragedfinanceincludingM&A activityandprivate equityisessential.A strong grasp of working capital mechanics is alsorequired.
- 10 years in credit risk or a closely related discipline or the ability todemonstrateclear transferableexpertise.
- Familiarity with credit risk concepts such as RWA PD and LGD.
- A commercial mindset focused on delivering the right outcomes for customers and the bank.
- A deep understanding of the SME credit lifecycle from origination to management collections and recoveries.
- Practical experience with risk and control techniques including covenantsetting.
- Strong stakeholder and negotiation skills able to challenge constructively and build trusted partnerships.
- Ability to handle multiple deliverables in a fast-paced high-volume environment.
- Ideally(but not essential)knowledge ofoperationalRealEstate lending(hotelscarehomes)withexperienceofresidential property developmentinvestment and commercial propertybeing aplus
Benefits and Perks
- 401k plan with Principal (ON match up to 4%)
- Medical Care (managed through Insperity) - employees can add their family to their plan if needed
- Dental & Vision bundle
- Insperity Health Savings Account Program - this is a tax-advantaged employee benefit which can help manage health care costs by allowing employees to set aside some of their current earnings on a pretax basis for reimbursement of qualified health care expenses during the plan year
- EAP
- 20 days Holiday
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
- Anti Money Laundering
- English Speaking
- Data Entry
- Food
- Investigation
- Adobe Indesign
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
