Director, Credit Risk – Cash Flow Lending

ABOUT USAt Oak North, 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 TEAMOur Credit Risk team plays a critical role in enabling Oak North 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 Oak North'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 T YOU'LL DOShape 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 Oak North 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…