Job Description
Job description
Following the pilot launch of our business banking services last year, we're now looking at taking our product offering for customers to new heights. As we head into this new phase of growth, we need the right person to lead the charge.
As the Senior Director of Business Banking, you will be responsible for leading the strategic direction of our business banking offering. You will drive the development and delivery of innovative solutions, focusing on payments, cash management, and digital banking services for existing and new customers.
Working closely with our CEO and a broad set of stakeholders, this role requires someone who is plugged into customer needs, highly commercial, and can lead teams to great outcomes. These qualities, plus an entrepreneurial mindset, a high-velocity approach, and a passion for supporting growing businesses are key.
Key Responsibilities:
• Strategic Leadership: Develop and execute the strategic vision for business banking, aligning it with the overall goals and objectives of the bank.
• Revenue Generation: Drive revenue growth through effective pricing strategies, cross-selling opportunities, and the expansion of the business banking.
• Product: Focus on working with Product team on prioritisation of roadmap and future features to bring to market.
• Risk Management: Ensure compliance with regulatory requirements and internal policies related to business banking operations. Implement robust risk management practices to protect the bank's interests and mitigate risks associated with payments and cash management activities.
• Team Leadership: Build, lead, coach, and empower a top-tier team, driving a culture of collaboration, innovation, and excellence in business banking
• Market Analysis: Keep up to date with industry trends, market developments, and competitor activities within the business banking sector, and leverage insights to identify opportunities for growth and differentiation.
• Partnership Management: Cultivate and manage strategic partnerships with FinTech's, payment processors, and other relevant stakeholders to enhance the bank's business banking offerings and capabilities.
• Performance Monitoring and Reporting: Monitor key performance metrics, financial performance, and client feedback related to business banking, providing regular reports and updates to senior management.
What do you need to excel in this role?
• Proven experience (8+ years) in a senior leadership role within business banking or cash management, preferably within the UK financial services industry.
• Strong understanding of business banking products, payments systems, and digital banking trends.
• Demonstrated track record of driving revenue growth, managing P&L, and achieving business targets.
• Excellent leadership and people management skills, with the ability to inspire and motivate teams to deliver results.
• Knowledge of regulatory requirements, compliance standards, and risk management practices applicable to business banking operations.
• Strategic thinker with exceptional analytical, problem-solving, and decision-making abilities.
• Excellent communication and interpersonal skills, with the ability to build relationships and influence stakeholders at all levels.
• Comfortable in a Founder-led, entrepreneurial environment. Knows how to prioritise across a range of requirements – can distinguish across importance and urgency
Benefits and 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
• 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
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/
Following the pilot launch of our business banking services last year, we're now looking at taking our product offering for customers to new heights. As we head into this new phase of growth, we need the right person to lead the charge.
As the Senior Director of Business Banking, you will be responsible for leading the strategic direction of our business banking offering. You will drive the development and delivery of innovative solutions, focusing on payments, cash management, and digital banking services for existing and new customers.
Working closely with our CEO and a broad set of stakeholders, this role requires someone who is plugged into customer needs, highly commercial, and can lead teams to great outcomes. These qualities, plus an entrepreneurial mindset, a high-velocity approach, and a passion for supporting growing businesses are key.
Key Responsibilities:
• Strategic Leadership: Develop and execute the strategic vision for business banking, aligning it with the overall goals and objectives of the bank.
• Revenue Generation: Drive revenue growth through effective pricing strategies, cross-selling opportunities, and the expansion of the business banking.
• Product: Focus on working with Product team on prioritisation of roadmap and future features to bring to market.
• Risk Management: Ensure compliance with regulatory requirements and internal policies related to business banking operations. Implement robust risk management practices to protect the bank's interests and mitigate risks associated with payments and cash management activities.
• Team Leadership: Build, lead, coach, and empower a top-tier team, driving a culture of collaboration, innovation, and excellence in business banking
• Market Analysis: Keep up to date with industry trends, market developments, and competitor activities within the business banking sector, and leverage insights to identify opportunities for growth and differentiation.
• Partnership Management: Cultivate and manage strategic partnerships with FinTech's, payment processors, and other relevant stakeholders to enhance the bank's business banking offerings and capabilities.
• Performance Monitoring and Reporting: Monitor key performance metrics, financial performance, and client feedback related to business banking, providing regular reports and updates to senior management.
What do you need to excel in this role?
• Proven experience (8+ years) in a senior leadership role within business banking or cash management, preferably within the UK financial services industry.
• Strong understanding of business banking products, payments systems, and digital banking trends.
• Demonstrated track record of driving revenue growth, managing P&L, and achieving business targets.
• Excellent leadership and people management skills, with the ability to inspire and motivate teams to deliver results.
• Knowledge of regulatory requirements, compliance standards, and risk management practices applicable to business banking operations.
• Strategic thinker with exceptional analytical, problem-solving, and decision-making abilities.
• Excellent communication and interpersonal skills, with the ability to build relationships and influence stakeholders at all levels.
• Comfortable in a Founder-led, entrepreneurial environment. Knows how to prioritise across a range of requirements – can distinguish across importance and urgency
Benefits and 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
• 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
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/
💡 Quick Summary
Seeking a career-building opportunity? The Senior Director| Business Banking position is now open for candidates interested in the Bank Jobs sector. This role in London offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
