ASSOCIATE – CASH & TREASURY Full Time

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 looking for a detail-oriented, proactive, and technically grounded associate to join our Manchester-based Cash & Treasury Operations team. This role is suited to someone with a solid grounding in treasury, payments, or banking operations who is ready to take on broader ownership across both BAU Treasury Operations and project delivery.

As OakNorth continues to scale its balance sheet, expand US lending, and evolve its funding and liquidity model, Treasury Operations is becoming a more critical and specialist capability within the team. This role will play an important part in supporting that growth through strong execution, control, and involvement in key Treasury initiatives, including infrastructure, funding, and swap-related activity.

What You’ll Do

Working within the Cash & Treasury Operations team, you’ll help ensure OakNorth’s Cash & Treasury processes run safely, accurately, and efficiently, while also taking ownership of projects and process improvements that strengthen scalability and control.

• Process and oversee Treasury-related operational activity, including cash management, settlements, margin calls, and payment execution across GBP, USD & EUR.
• Complete and review reconciliations across internal systems, bank accounts, and Treasury activity, investigating breaks and driving timely resolution.
• Support the operational management of FX swaps, REPO, and other Treasury transactions, ensuring controls, deadlines, and settlement requirements are met.
• Take ownership of defined Cash & Treasury Operations projects and workstreams, including process redesign, control enhancements, system changes, and new account or counterparty implementations.
• Play a key role in the optimisation of a Treasury Management System (TMS), helping ensure it is configured in a way that supports OakNorth’s operational model, control framework, and future scale.
• Work closely with Finance, Risk, Product, Technology, and external counterparties to deliver Treasury initiatives effectively and embed operational requirements early in design.
• Identify manual processes, control weaknesses, and inefficiencies, then help design and implement smarter, more scalable ways of working.
• Act as a reliable point of contact for more complex Treasury and operational issues, supporting escalation, resolution, and decision-making.
• Support knowledge-sharing and cross-training within the team to improve resilience and reduce key-person risk.

What You’ll Bring

You will already have a strong operational foundation and be ready to step into a role with greater technical depth, ownership, and project exposure.

• Ideally you’ll have 2-4 years’ experience in Treasury Operations, Payments Operations, Banking Operations, or a closely related environment.
• Good working knowledge of cash management, reconciliations, payments, settlements, and operational controls.
• Exposure to Treasury products or processes, such as FX swaps, liquidity management, funding operations, collateral, or post-trade activity.
• The ability to lead projects or workstreams, coordinate stakeholders, and maintain momentum against deadlines.
• Strong Excel skills, including lookups, pivots, and handling operational data. Exposure to automation tools, SQL, or Python would be an advantage.
• A structured approach, with the comfort to investigate issues, assess operational risk, and make sound decisions.
• High attention to detail and strong ownership of output quality, controls, and timely delivery.
• Clear communication skills and the ability to work effectively across teams, functions, and time zones.
• A proactive approach to improving processes and helping build a more scalable Treasury Operations capability.

Where This Role Can Take You

As part of a high performing team you’ll deepen your understanding of how Treasury supports the growth, liquidity, and resilience of a scaling bank. You’ll gain experience across both day-to-day execution and strategic change, with increasing exposure to Treasury infrastructure, funding activity, and cross-functional delivery.