We have an exciting opportunity to join OakNorth Bank as a Cash & Treasury Operations Analyst! This is a full-time permanent position in Manchester reporting to our Cash & Treasury Operations Manager.
What will you be doing as a Cash & Treasury Operations Analyst?
- Working in a growing UK Cash & Treasury Operations team
- Processing payments (GBP and currency) to clients, internally and third parties, ensuring accuracy, timeliness and fully compliant work practices; using a variety of payments methods including, CHAPS, BACS and various other bank payment systems
- Performing 4-eye checks, monitoring and completing a control function to validate and ensure data accuracy and execution for Cash Management activities
- Investigating and helping to resolve numerous, varied and sometimes complex queries relating to account reconciliations that relate to the processes of the team
- Resolving internal and external deposit and loan customer queries regarding cash in a timely and professional manner; by independently driving resolution through liaising with banks on client and internal bank accounts to ensure consistent, accurate and smooth transaction processing
- Maintaining the TFSME with BoE by completing weekly balance updates, pool submissions, and drawdowns
- Transacting GILT purchases, sales or maturities within the custodian settlement account
- Monitoring the Collateral Management and preventing any Margin Calls
- Completing control processes of payment approvals and ensuring process, procedure and policy adherence
- Working flexibly within a time-bound environment, prioritising and balancing tasks and activities to ensure externally driven timescales are adhered to e.g., daily cut offs for different banking procedures and Treasury Back Office demands
- Performing AML checks and processes in line with policies and procedures
- Owning the updating and systematic review of Standard Operating Procedures; including any ad hoc updates and changes to processes, and provide team training sessions upon process changes
- Collating data for the Annual Regulatory Reporting to HMRC for ISA, BBSI and FATCA
- Supporting both the FSCS SCV Submission for internal testing and genuine external submission required every 3 years
- Contributing to the Annual external Audit of all processes by providing case studies, examples and rationale on actions completed on transactions
- Identifying process improvements across Cash and Treasury Operations and documenting requirements
What do you need to excel in this role?
- Ideally, you have some payment and/or treasury operations experience in a financial services / fintech company or similar environment
- Strong analytical and numerical skills
- Strong in Microsoft excel including V-lookups, Pivot Tables
- 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 collaborate with teams across multiple locations (Manchester, London, India)
- High attention to detail ability to execute in a structured manner
- Ability to review exceptions and escalate in line with procedures
- Capability to complete bank reconciliations for bank accounts
- Very self-motivated, with a positive mind-set, having strong time-management skills, and possessing strong attention to detail and accuracy
Benefits & Perks:
- Equity. We want people to have a stake in the business so that all our interests are aligned
- 25 days holiday
- Personalised benefits – opt-in to what matters to you
- Enhanced family leave
- Paid volunteering days off
- Wellbeing and social events
About Us
We’re OakNorth Bank and we embolden entrepreneurs to realise their ambitions, understand their markets, and apply data intelligence to everyday decisions to scale successfully at pace.
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.
For more information regarding our Privacy Policy and practices, please visit: https://oaknorth.co.uk/legal/privacy-notice/employees-and-visitors/
Top Skills
What We Do
Launched in 2015, OakNorth helps the UK’s most ambitious businesses access the fast, flexible finance they need to scale, while helping savers make their money go further.
With funding ranging from £250,000 to tens of millions, we have lent billions to businesses across a whole range of sectors, performing among the top 1% of commercial banks globally.
To date, OakNorth financing has helped create tens of thousands of new jobs and affordable homes.
