About OakNorth Credit Intelligence
A spinoff from OakNorth Bank, at OakNorth Credit Intelligence (ONCI) we are building a SaaS platform which transforms commercial lending by helping banks build deeper relationships with their clients, open new, more profitable opportunities, whilst delivering credit decisions up to ten times faster than traditional methods, with lower risk and greater efficiency.
This came as a result of our realisation that despite small and medium sized companies (SMEs) being a powerful force in the economy, many of them find it difficult to raise capital during critical stages of their company growth. Traditional commercial lending is highly rigid often making them misaligned with a company’s requirements. We aim to solve this problem at ONCI.
We’re dedicated to helping trailblazing businesses thrive and our Credit team are the drivers of our growth. The role is for the climate credit team which helps banks identify which borrowers or industries in their portfolio are most likely to face risk or benefit from climate change and as a result, mitigate risk and identify opportunities to lend more.
This is a fantastic opportunity to join a fast-paced organization with a reputation for doing things differently. We don’t want another cog in the machine, we’re looking for self-starters and bold thinkers who want to pave their own career paths.
In a nutshell, the role entails monitoring the latest regulatory updates and recent advancements in the climate sector, developing and maintaining industry-level climate transition risk models, and producing content such as brief notes, research papers, and blog posts related to climate issues.
Are you ready to step up to the challenge?
Job Responsibilities
- Maintaining detailed industry models that evaluate the impact of climate transition risks.
- Developing financial models that incorporate a climate overlay, using industry KPIs, company-level data, climate-related data, and other unstructured data.
- Analyzing the potential financial and operational impacts of climate-related transition risks across different industries.
- Conducting scenario analysis to evaluate how different transition pathways could affect operations, revenue, and asset valuations.
- Writing research notes on industry trends, policy developments, and emerging technologies related to climate change and the low-carbon transition.
- Engaging with internal and external stakeholders to present insights on climate-related topics.
Required Experience
- Strong financial analysis
- Ability to do in depth industry research
- Ability to build end-to-end financial models in Excel
- Excellent report writing skills
- Familiarity of various databases in US and major European markets
- Familiarity with TCFD, NGFS, PCAF, ISSB is desirable
- Familiarity with using statistical models in industry research is an added advantage
- Client communication
- Personal drive (proactive), flexible, creative (thinks out of the box), result driven, responsible, curious, team player and fast learner
- Hands on attitude, willing/capable to understand the big picture.
- Ability to succeed in a culture where change and speed are part of daily work.
- Proficiency in MS Excel, Word and PowerPoint
About OakNorth
Small and medium-size enterprises (SME) are one of the biggest drivers of growth and innovation in economies all over the world. Despite these companies being a powerful force in the economy, many SMEs find it difficult to raise capital during critical stages of their company growth. Traditional commercial lending is optimised to make loans that are either too small to be effective or too large and expensive to be practical. At OakNorth, our mission is to help lenders fill this gap which we refer to as the “Missing Middle.” We are building a SaaS platform called the Credit Intelligence Suite which transforms commercial lending by helping banks build deeper relationships with their clients, open new, more profitable opportunities, whilst delivering credit decisions up to ten times faster than traditional models, with lower risk and greater efficiency.
Our Investors
OakNorth Holdings (the parent entity of OakNorth Bank plc and ONci) has an equity base of over $1.2bn, our investors include: GIC, SMBC, Toscafund, Coltrane and SoftBank’s Vision Fund – as well as founders of highly successful scale businesses.
Our Customers
In addition to OakNorth’s own bank in the UK, the software is also being deployed by US banks, including: Fifth Third, PNC, M&T Bank, Huntington, and Old National Bank
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.
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Top Skills
What We Do
Launched in 2015, OakNorth helps the UK’s most ambitious businesses access the fast, flexible finance they need to scale, while helping savers make their money go further.
With funding ranging from £250,000 to tens of millions, we have lent billions to businesses across a whole range of sectors, performing among the top 1% of commercial banks globally.
To date, OakNorth financing has helped create tens of thousands of new jobs and affordable homes.
