The Senior Associate in Debt Finance assists in executing Fund Finance deals, preparing credit memoranda, building financial models, conducting research, and supporting the team in closing transactions.
At OakNorth, we’re on a mission to empower the UK’s most ambitious businesses. Since 2015, we’ve lent over $18 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 an exciting opportunity to join a dynamic, fast-growing bank known for challenging the status quo. We’re not looking for just another cog in the wheel — we want bold thinkers and proactive self-starters who are eager to shape their own careers and support the UK’s most driven business leaders
This is a unique opportunity for someone who’s come through a graduate programme and built around 3 years’ experience in credit or lending in a traditional bank — ideally with exposure to complex, lender-led transactions such as fund finance. If you're looking to step up, take on more ownership, and work on deals that genuinely move the needle, this role offers exactly that.
As an Senior Associate in Debt Finance, you'll play a key role in supporting Directors throughout the entire transaction lifecycle — from origination to execution — ensuring every deal is successfully delivered and expertly managed.
Principal Responsibilities:
- Work as part of a team on the execution of Fund Finance deals.
- Support the Debt Finance Team to maintain the CRM including new leads through to closed deals
- Assist in the preparation of deal specific credit memoranda for transaction recommendations to credit committees and other relevant lines of approval; go to external meetings (with senior bankers) and contribute to the discussions
- Assist in building complex dynamic financial models to analyse investment opportunities (reviewing debt structures, relevant debt underwriting parameters and specific assets using financial models and a variety of quantitative analytical tools to test assumptions and sensitivities)
- Undertake fundamental research analysis using a variety of data sources; undertake company and transaction specific analysis and valuations
- Participate in third party meetings where you could potentially contribute to drive the business forward - analysing proposed budgets, capital plans and other investment recommendations
- Work across a multi-disciplinary team to support on closing the funding of deals, including Credit and Transaction Execution
What makes a successful Senior Associate, Debt Finance:
- A Bachelors degree with specialisation in Finance, Accountancy, Economics or equivalent from a top recognised university
- Determined attitude to liaise and work with multiple external teams to complete transactions
- Drive to achieve a common goal (lend money, help businesses, and earn interest / fees!)
- Clear thinker with research and analytical abilities; capacity to learn quickly
- Strong interpersonal and communication skills (written as well as verbal)
- Resourceful problem solver with a focus on delivery (ability to multitask is also crucial)
- Ability to thrive in an unstructured environment where you can create your own opportunities
Benefits & Perks
- Equity. We want people to have a stake in the business so that all our interests are aligned.
- 25 days holiday
- Personalized benefits – opt-in to what matters to you
- Subsidised Private Medical Insurance with Bupa
- Enhanced maternity and paternity leave
- Wellbeing and social events
- In-house Barista Bar in London office
- Support causes that matter to you – Volunteering time off
- Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)
Top Skills
Crm Software
Financial Modeling Tools
Quantitative Analytical Tools
OakNorth London, England Office
57 Broadwick Street, London, United Kingdom, W1F9QS
Similar Jobs
Fintech • Legal Tech • Software • Financial Services • Cybersecurity • Data Privacy
The Escrow Business Compliance Analyst manages client onboarding for escrow deals, ensures compliance with KYC regulations, and oversees transaction setup and documentation.
Blockchain • Fintech • Payments • Consulting • Cryptocurrency • Cybersecurity • Quantum Computing
The role involves developing microservices primarily in Golang, maintaining code quality, deploying applications, and collaborating with team members in a hybrid work environment.
Top Skills:
Ci/CdGoHelmK8SPythonSQL
Blockchain • Fintech • Payments • Consulting • Cryptocurrency • Cybersecurity • Quantum Computing
The Product Innovation Manager will lead development of new payment products, engage in idea generation, and partner with teams for market testing and validation.
Top Skills:
Business Model InnovationData-Driven TechnologiesPayments Acceptance EcosystemStablecoin
What you need to know about the London Tech Scene
London isn't just a hub for established businesses; it's also a nursery for innovation. Boasting one of the most recognized fintech ecosystems in Europe, attracting billions in investments each year, London's success has made it a go-to destination for startups looking to make their mark. Top U.K. companies like Hoptin, Moneybox and Marshmallow have already made the city their base — yet fintech is just the beginning. From healthtech to renewable energy to cybersecurity and beyond, the city's startups are breaking new ground across a range of industries.
