Associate - Operations Lending

Job description

At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 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 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.