Associate Cash & Treasury
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Job Location:
Manchester - UK
Monthly Salary:
Not Disclosed
Posted on:
5 days ago
Vacancies:
1 Vacancy
Job Summary
At OakNorth were on a mission to empower ambitious businesses and the communities they serve. Since 2015 weve lent over $21 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 driving economic growth in the markets we serve.
Were looking for a detail-oriented proactive and technically grounded associate to join our Manchester-based Cash & Treasury Operations team. This role is suited to someone with a solid grounding in treasury payments or banking operations who is ready to take on broader ownership across both BAU Treasury Operations and project delivery.
As OakNorth continues to scale its balance sheet expand US lending and evolve its funding and liquidity model Treasury Operations is becoming a more critical and specialist capability within the team. This role will play an important part in supporting that growth through strong execution control and involvement in key Treasury initiatives including infrastructure funding and swap-related activity.
What Youll Do
Working within the Cash & Treasury Operations team youll help ensure OakNorths Cash & Treasury processes run safely accurately and efficiently while also taking ownership of projects and process improvements that strengthen scalability and control.
- Process and oversee Treasury-related operational activity including cash management settlements margin calls and payment execution across GBP USD & EUR.
- Complete and review reconciliations across internal systems bank accounts and Treasury activity investigating breaks and driving timely resolution.
- Support the operational management of FX swaps REPO and other Treasury transactions ensuring controls deadlines and settlement requirements are met.
- Take ownership of defined Cash & Treasury Operations projects and workstreams including process redesign control enhancements system changes and new account or counterparty implementations.
- Play a key role in the optimisation of a Treasury Management System (TMS) helping ensure it is configured in a way that supports OakNorths operational model control framework and future scale.
- Work closely with Finance Risk Product Technology and external counterparties to deliver Treasury initiatives effectively and embed operational requirements early in design.
- Identify manual processes control weaknesses and inefficiencies then help design and implement smarter more scalable ways of working.
- Act as a reliable point of contact for more complex Treasury and operational issues supporting escalation resolution and decision-making.
- Support knowledge-sharing and cross-training within the team to improve resilience and reduce key-person risk.
What Youll Bring
You will already have a strong operational foundation and be ready to step into a role with greater technical depth ownership and project exposure.
- Ideally youll have 2-4 years experience in Treasury Operations Payments Operations Banking Operations or a closely related environment.
- Good working knowledge of cash management reconciliations payments settlements and operational controls.
- Exposure to Treasury products or processes such as FX swaps liquidity management funding operations collateral or post-trade activity.
- The ability to leadprojects or workstreams coordinate stakeholders and maintain momentum against deadlines.
- Strong Excel skills including lookups pivots and handling operational data. Exposure to automation tools SQL or Python would be an advantage.
- A structured approach with the comfort to investigate issues assess operational risk and make sound decisions.
- High attention to detail and strong ownership of output quality controls and timely delivery.
- Clear communication skills and the ability to work effectively across teams functions and time zones.
- A proactive approach to improving processes and helping build a more scalable Treasury Operations capability.
Where This Role Can Take You
As part of a high performing team youll deepen your understanding of how Treasury supports the growth liquidity and resilience of a scaling bank. Youll gain experience across both day-to-day execution and strategic change with increasing exposure to Treasury infrastructure funding activity and cross-functional delivery.
As part of a high performing team youll deepen your understanding of how Treasury supports the growth liquidity and resilience of a scaling bank. Youll gain experience across both day-to-day execution and strategic change with increasing exposure to Treasury infrastructure funding activity and cross-functional delivery.
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:
IC
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
