What are the responsibilities and job description for the Director, Legal and Transaction Management position at Oak North?
Join the OakNorth US Founding Team and shape the future of banking
OakNorth is looking for a driven and ambitious In-House Banking and Finance Legal Transaction Execution Director to join our US Founding Team as we take our lending business across the Atlantic. This is an amazing opportunity to be at the forefront of our US expansion and directly contribute to our growth and success.
Since our launch in 2015, we've lent over £10bn to ambitious entrepreneurs up and down the UK. That's led to the creation of over 40,000 new jobs and over 29,000 new homes - and we're not about to stop there. We're dedicated to helping trailblazing businesses thrive and our Legal and Transaction Management are integral to our growth.
This role offers the unique opportunity to independently manage client relationships, make impactful decisions, and truly own your space within the company. As you grow, so will your influence and responsibility, shaping not just deals, but the future of OakNorth in the US.
In a nutshell, the mission of our Legal Director will focus on transaction execution, and close deals in a timely and efficient manner. The successful candidate will have experience of a wide range of banking and finance transactions, including real estate and structured finance facilities. The candidate will be able to work within tight timelines and will align with the OakNorth values of working as one team with the ambition to deliver a high-quality product to our customers.
Responsibilities :
- Instruct and manage external counsel on the drafting of finance documents to accurately reflect Credit approvals on all US transactions.
- Manage a number of transactions simultaneously and facilitate all conditions precedent to be satisfied taking a risk-based approach.
- Coordinate with borrowers, co-lenders and external third parties to deliver an execution product that delights customers.
- Ensure that the internal operations teams receive all information required to book transactions accurately and in a timely manner.
- Be proficient at transaction management to ensure that all standard operating procedures are complied with.
- Work with prospective borrowers to agree deal structures and advise the Business Development and Credit teams to ensure structures of deals comply with the terms of the credit sanction.
- Build strong connections with customer and potential customers to develop lasting personal relationships.
- Ensure that Term Sheets are agreed in a time efficient manner for transactions to be commenced quickly.
- Keep the Bank's CRM platform and programme updated to ensure that the business has full visibility on deal closings and pipeline.
- Advise as to US lending customs and practices.
- Assist with expanding the US lending platform per OakNorth's conveyed strategy.
- Live all OakNorth values and be a culture carrier.
Requirements :
Exco and senior stakeholders in the US and UK businesses.
Originators to build trust and support originators at all stages of the process.
Wider teams including the Operations, Portfolio Management, Customer Due Diligence, Credit and Finance teams.
250,000 - $300,000 a year
Salary : $250,000 - $300,000
