Associate - Operations Lending

Since 2015, we’ve backed entrepreneurs with over £13bn in funding, helping create 56,000+ jobs and 34,000+ new homes across the UK and US - and we’re not about to stop there. We’re dedicated to helping trailblazing businesses thrive and our Operations team are the backbone of our growth.

This is a fantastic opportunity to join a fast-paced, growing bank with a reputation for doing things differently. We don’t want another cog in the machine, we’re 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**:
- 2-5 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

Banking should be barrier-free. It’s 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 banking. In 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.