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Director, Legal and Transaction Management

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:
  • Strong communication and interpersonal skills to build trusted relationships with:
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.
  • Passionate about delivering excellence in service and quality.
  • High level attention to detail, project management and organizational ability.
  • Outstanding legal and commercial banking expertise across multiple areas of finance (CRE, C&I and structured products including note on note financings).
  • Ability to understand and process information quickly and effectively.
  • Ability to work outside of comfort zone and develop new areas of proficiency.
  • Proactive and personal drive, results driven, team player and ability to be flexible across products and deals.
  • Ability to succeed in a culture where change and speed are part of daily work.


$250,000 - $300,000 a year
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What You Should Know About Director, Legal and Transaction Management, OakNorth

Are you ready to step into a pivotal role as the Director of Legal and Transaction Management at OakNorth? Based in the vibrant city of New York, you'll be joining the US Founding Team to shape the future of banking as we expand our lending operations across the Atlantic. At OakNorth, since our inception in 2015, we've successfully lent over £10 billion, driving the creation of thousands of jobs and homes. This is your chance to be at the forefront of that expansion, managing crucial client relationships, and making impactful decisions that directly influence our growth. Your mission? To oversee transaction execution and ensure deals close efficiently while adhering to our core values of teamwork and excellence. You’ll instruct and manage external counsel, coordinate with multiple stakeholders, and keep our CRM system updated, guaranteeing visibility on deal closings. We're looking for a detail-oriented legal expert with strong expertise in areas like real estate and structured finance. Your communication skills will help you build fantastic relationships with borrowers and Exco, ensuring that every transaction not only meets but exceeds our customers' expectations. If you’re adaptable, proactive, and ready to drive results, we’d love for you to bring your expertise and passion for quality service to OakNorth as we transform the landscape of banking in the US.

Frequently Asked Questions (FAQs) for Director, Legal and Transaction Management Role at OakNorth
What are the primary responsibilities of the Director of Legal and Transaction Management at OakNorth?

As the Director of Legal and Transaction Management at OakNorth, your primary responsibilities include managing and instructing external counsel on finance document drafting, coordinating transactions, ensuring timely and efficient execution, and building strong relationships with clients. You'll also be tasked with aligning deal structures with credit sanctions and keeping our CRM platform updated for visibility on transactions.

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What qualifications are required for the Director of Legal and Transaction Management position at OakNorth?

Candidates for the Director of Legal and Transaction Management role at OakNorth should possess strong communication skills, a high degree of attention to detail, and extensive legal and commercial banking expertise. A successful candidate will have experience in diverse finance transactions, project management skills, and a proactive, results-driven approach.

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How does the role of Director of Legal and Transaction Management contribute to OakNorth's growth?

In your role as Director of Legal and Transaction Management at OakNorth, you will significantly contribute to the company's growth by ensuring that transactions are executed seamlessly and efficiently. By managing client relationships and aligning with our strategic goals, your work will directly impact the successful expansion of our lending operations in the US.

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What makes the Director of Legal and Transaction Management position at OakNorth unique?

The Director of Legal and Transaction Management position at OakNorth is unique because it offers the opportunity to independently manage client relationships while being integral to a company that is redefining banking. As OakNorth expands in the US, you'll have a direct role in shaping legal strategies and executing transactions that support ambitious entrepreneurs across the country.

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What kind of work environment can a Director of Legal and Transaction Management expect at OakNorth?

At OakNorth, a Director of Legal and Transaction Management can expect a dynamic work environment that thrives on teamwork, innovation, and adaptability. The culture emphasizes collaboration across various teams and is geared toward achieving excellence in service delivery, making it an enriching place to work as we navigate rapid expansion.

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Common Interview Questions for Director, Legal and Transaction Management
Can you describe your experience with banking and finance transactions?

Highlight specific transactions you've managed, detailing the complexity and scope. This shows your depth of experience and familiarity with the legal nuances involved in banking and finance.

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How do you manage multiple transactions simultaneously?

Explain your organizational strategies, such as prioritization and time management skills. Discuss tools or methods you use to keep track of progress and deadlines.

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What is your approach to risk management in transaction execution?

Provide examples of how you've identified and mitigated risks in past transactions. Showcase your ability to take a balanced approach to ensure timely execution without compromising on quality.

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How do you build relationships with clients and stakeholders?

Share strategies you've used to foster trust and collaboration within teams and with clients. Discuss the importance of communication and understanding client needs.

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What steps do you take to ensure compliance with legal and regulatory requirements?

Discuss your understanding of regulatory frameworks and provide examples of how you've ensured compliance in previous roles. Emphasize your attention to detail.

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Describe a challenging transaction you managed and how you navigated it.

Use the STAR method (Situation, Task, Action, Result) to structure your answer. This gives the interviewer a clear understanding of your problem-solving skills.

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How do you keep up with changes in lending practices and regulations?

Discuss sources of information you rely on, such as industry publications, professional networks, or ongoing education. This shows your commitment to staying informed.

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What do you believe is the key to an efficient transaction execution process?

Talk about the importance of communication, coordination among teams, and proactive planning. Highlight how these elements contribute to a smooth execution process.

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How do you ensure that documentation accurately reflects credit approvals?

Explain your process for reviewing and instructing legal counsel on documentation. This demonstrates your meticulous approach to legal accuracy.

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What motivates you as a Director of Legal and Transaction Management?

Share your passion for transforming banking practices, delivering exceptional service, and being part of a team that makes a tangible impact in the industry.

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DATE POSTED
January 8, 2025

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