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Oaknorth.ai
,
London, Greater London
Portfolio Management Lawyer
Overview
Job Description
OakNorth is the next-generation credit and monitoring platform that provides banks and lending institutions with the insight and foresight needed to create a better borrowing experience for the Missing Middle - the growth business who are the backbones of communities and economies globally but who have been in banking's blind spot for decades. The business was founded in 2015 by Rishi Khosla and Joel Perlman, who previously co-founded Copal Amba and grew it to 3,000 employees over 12 years, before selling it to Moody's (NYSE: MCO) in 2014, returning 125 times capital to seed investors. Since its inception, OakNorth has secured over $1bn from several investors, including: Clermont Group, Coltrane, EDBI of Singapore, GIC, Indiabulls, NIBC, Toscafund, and SoftBank's Vision Fund. The Platform has been deployed at various banks across North America, Europe, and Asia, and in the UK where OakNorth lends off of its own balance sheet via OakNorth Bank. The platform has helped OakNorth Bank become the fastest-growing business in Europe according to the Financial Times FT 1000 (2020), profitably lending over 4bn to date. In terms of the impact this has had on the economy, OakNorth Bank's loans have directly helped with the creation of 13,000 new homes and 17,000 new jobs in the UK, as well as adding several billion pounds to the economy. With offices in London, New York, Manchester, Singapore, Hong Kong, Shanghai, Istanbul, Gurgaon and Bangalore, the global team across the OakNorth Holdings group is over 800 people. We have a very exciting opportunity for a General Finance Lawyer. Reporting into our Head of Legal and Transaction Management, this role is based in London. You will: * Draft, negotiate and finalise all waiver and amendment documentation for all completed transactions * Support the Portfolio Management team (who manage the back book of loans for the bank) on the management of existing loans and signing off on all completed conditions subsequent * Manage the repository of precedent documentation for the Bank * Manage the Operations team in Manchester to ensure that all of the OakNorth charges are registered at the Land Registry and Companies House * Support the transaction execution team (where applicable) on live transactions You have: * A minimum of 3 years PQE * Excellent working knowledge of all finance documents, including facility * Documentation, security documents and all waiver / amendment documentation * Strong drafting ability * Full management of the precedent and knowledge management repository * Excellent communication skills * Excellent team member who wants to help the Bank to continue its growth trajectory * Financial services / regulated business experience would be advantageous Thank you very much for your interest in OakNorth. We are happy to consider you for roles within our group of companies. If we can identify a match between your skill set and our immediate recruiting needs, please expect to hear from us very soon. If we are unable to identify a fit in the near term, please note that we intend to retain the data you send to us so we may contact you in the future. For more information regarding our Privacy Policy and practices, please visit: