Director, Credit Risk – Cash Flow Lending

ABOUT US At OakNorth, we're on a mission to empower ambitious businesses and the communities they serve. 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 driving economic growth in the markets we serve. We're an entrepreneurial, technology-led bank combining deep lending expertise with data, technology and AI to make better decisions and deliver a different experience for our customers. ABOUT THE TEAM - Our Credit Risk team plays a critical role in enabling OakNorth to support ambitious businesses while maintaining a high-quality lending portfolio. - Working closely with Debt Finance Origination, Credit Analytics, Portfolio Management and Legal, the team brings together strong technical expertise, independent judgement and commercial thinking to support lending decisions. - We're a collaborative, fast-moving team where people are encouraged to challenge, take ownership and find solutions rather than simply follow processes. - ABOUT THE ROLE - We're looking for an experienced Director, Credit Risk – Cash flow lending to play a key role in shaping credit decisions across OakNorth's UK lending portfolio. - This is an opportunity for someone who combines deep technical credit expertise with strong commercial judgement and enjoys being close to the transactions, customers and decisions that matter. - You'll work across a diverse range of lending opportunities, from established growing businesses to complex, structured and sponsor-backed transactions. Working closely with our Debt Finance, Credit Analytics and Portfolio Management teams, you'll provide independent challenge, help structure transactions and deliver high-quality credit recommendations to Credit Committee. - Unlike more traditional banking environments, you'll have direct exposure to senior decision-makers, the opportunity to influence deals from an early stage and the ability to make a real impact on how we lend. - We're looking for someone who is commercially minded, comfortable challenging the status quo and excited by the pace and ownership that comes with working at OakNorth. WHAT YOU'LL DO - Shape credit decisions: Lead the independent assessment and challenge of new lending opportunities across UK Trading Businesses, ensuring robust credit recommendations that balance risk and commercial opportunity. - Influence deal structuring: Partner with Debt Finance Origination and Credit Analytics from an early stage to identify key risks, challenge assumptions and help structure transactions that work for both OakNorth and its customers. - Drive high-quality Credit Committee discussions: Prepare and present clear, well-reasoned credit recommendations to Credit Committee, providing constructive challenge and supporting informed decision-making. - Assess complex transactions: Evaluate a broad range of cash-flow lending, acquisition finance, leveraged and sponsor-backed transactions, applying strong financial analysis and credit judgement. - Engage directly with customers: Work alongside origination teams in customer discussions, providing an early view on credit appetite, transaction structure and potential risks. - Protect portfolio quality: Work closely with Portfolio Management on existing exposures, including loan increases, extensions, covenant resets, restructurings and emerging risks. - Support transaction execution: Review term sheets, security structures and key legal documentation, working closely with Legal and Loan Execution teams to ensure appropriate risk protections. - Provide independent judgement: Bring a balanced, pragmatic approach to credit risk, knowing when to support a transaction, when to challenge and when to recommend declining an opportunity. - Help shape how we work: Contribute to the continued development of our credit risk capabilities, using data, technology and