Deputy Controller, OakNorth
Offers equity
Digital bank for business loans and savings
Open for applications
Digital bank for business loans and savings
201-500 employees
Open for applications
Offers equity
201-500 employees
Company mission
To serve and empower businesses in the Missing Middle, ensuring each and every one of them has the right tools, insights, and support at every stage of their growth journey with us.
Role
Who you are
- Qualified CA or ACCA or CPA with good understanding of IFRS and US GAAP. Active membership of the professional body with meeting CPD requirements essential
- Extensive experience across accounting, reporting and finance projects management is essential. Good understanding of tax frameworks in particular in UK and US preferred
- Industry experience- Banking and/or payment services; and/or with Big 4 public accounting/ consultancy practise with proven technical accounting skills and project execution experience within the financial services sector
- Prior experience of SOX implementation, listing experience or strong experience of reporting under the US SEC requirements will be a plus
- Operated in a fast-paced entrepreneurial organization, have a mindset of continuous improvement, process efficiencies and automation
- Excellent communication and interpersonal skills with proven experience of working with multiple business/stakeholder groups and with senior/ executive management committee members; leading interactions with external auditors
- Advanced Excel, Word, Powerpoint, Visio, Adobe in-design skills required and advanced experience of using project management tools/applications essential
What the job involves
- This is a fantastic opportunity to join a fast-paced, growing bank 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 and are passionate about supporting the UK’s best and brightest business people
- In a nutshell, the mission of this role is to lead and manage Finance inputs into the evolving and increasing complexity of products, technology infrastructure, expansion in overseas market (including via acquisitions) and supporting the IPO readiness program
- Managing and leading strategic projects for Finance Controllership team/ leading Finance inputs including but not limited to - M&A due diligences for new acquisitions; new system and new product implementations (such as implementing new treasury and core banking system
- Materially upgrading existing financial reporting systems); SOX implementation (including managing the end to end project, collaborating with the various business functions and external advisors to evaluate the design and effectiveness of internal controls over financial reporting framework
- Identifying control gaps and weaknesses, and implementing remediations); leading finance automation projects and cost optimisation projects; working on other strategic finance actions for IPO readiness
- Leading technical accounting (IFRS, US GAAP, India GAAP), tax (UK, US, India) and regulatory reporting (UK and US) workstreams - analysing and documenting complex accounting/ regulatory/ tax technical areas working closely with the Controllership team and Regulatory reporting team to ensure accurate interpretations, governance documentation and implementation
- Managing and leading the production of critical reports including Consolidated financial statements and Annual Report for global entities of OakNorth group and Pillar 3 disclosures for OakNorth Bank
- Leading Finance Controllership risk management workstream, including but not limited to – maintaining and reviewing critical policy documents and drafting new policies as required, reviewing operating procedures documentation to ensure these are up to standard and usable, maintaining oversight of business assurance testing across the Controllership team
- Management and monitoring of internal and external audit actions, reviewing existing finance processes to ensure optimisation workflows and maintaining close oversight on the Finance Controllership team internal controls framework
- Leading and managing tax governances across the group, including ensuring appropriate tax frameworks are in place and monitoring these. Liaising with tax consultants for their expert opinion on various matters
- Working closely with the core Controllership team based in India to - support annual statutory audit process including liaising with the auditors as required and reviewing the ongoing deliverables to recommend continued improvements and enhancements
- Preparing Audit Committee presentations and supporting other Board meeting finance agenda items as required
- Please note that the role encompasses activities across the OakNorth group and the operations in multiple jurisdictions (UK, US, India)
Salary benchmarks
Our take
In an era marked by the ongoing cost-of-living crisis and unprecedented disruptions, many companies have faced formidable challenges. However, OakNorth has emerged as a beacon of support, offering tailored financial solutions to help businesses navigate uncertainty and thrive in a rapidly changing landscape.
As exemplified by its recent $22M loan to Sticks n Sushi, OakNorth demonstrates a keen understanding of the unique needs and aspirations of its clients. By providing flexible financing options and strategic guidance, OakNorth allows businesses to pursue growth opportunities and overcome obstacles with confidence. moreover, the bank's collaborative approach fosters strong partnerships built on trust, transparency, and mutual success, creating a dynamic ecosystem where businesses can flourish.
Committed to championing entrepreneurship and driving economic prosperity, OakNorth aims to redefine the banking experience and empower businesses to achieve their full potential. As a trusted ally in times of uncertainty, OakNorth embodies the resilience, agility, and forward-thinking ethos that defines the spirit of modern entrepreneurship.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
27% female employees
26% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Feb 2019
$440m
GROWTH EQUITY VC
Sep 2018
$100m
SERIES B
Total funding: $881.9m
Company benefits
- 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)
Company values
- One team: We work together to achieve our goals, whether it’s across teams, countries, departments or people in a room
- Right ambition: Success is better shared. We channel the right ambition as individuals to meet our collective goals
- Customer delight: Our customers drive everything we do. We go beyond satisfaction to deliver delight at every opportunity
- 10x: Better is good, ten times better is great. We set ambitious goals and work to deliver outsized results
- Momentum: We’re go-getters so we take decisive action, at pace. It helps us turn dreams into accomplishments
- Zero base: If it isn’t working, we start from scratch to produce the best solutions for customers and colleagues
- Say it how it is: We’re open and transparent with our stakeholders and encourage honest and constructive input from our team
Company HQ
Carnaby, London, UK
Articles
Leadership
Rishi Khosla
(Co-Founder & CEO)Previously co-founded Copal, a financial research firm which they scaled to 3,000 employees and sold to Moody’s Corporation in 2014.
Joel Perlman
(Co-Founder)Started their career as an Associate at McKinsey & Company before co-founded Copal Amba with Rishi.
People progressing
Joined OakNorth as an Operations Intern in 2018. They have since worked as an Operations Analyst/Associate and now serve as a Senior Associate.
Share this job
View 7 more jobs at OakNorth