At a Glance
- Tasks: Manage cash operations, oversee payments, and lead Treasury projects for a growing bank.
- Company: Join OakNorth, a dynamic bank focused on innovation and growth.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to enhance processes and gain exposure to Treasury infrastructure.
- Why this job: Be part of a critical team driving financial operations and strategic initiatives.
- Qualifications: 2-4 years in Treasury or Banking Operations with strong Excel skills.
The predicted salary is between 40000 - 50000 € per year.
Requirements
- You will already have a strong operational foundation and be ready to step into a role with greater technical depth, ownership, and project exposure.
- Ideally you'll have 2-4 years’ experience in Treasury Operations, Payments Operations, Banking Operations, or a closely related environment.
- Good working knowledge of cash management, reconciliations, payments, settlements, and operational controls.
- Exposure to Treasury products or processes, such as FX swaps, liquidity management, funding operations, collateral, or post-trade activity.
- The ability to lead projects or workstreams, coordinate stakeholders, and maintain momentum against deadlines.
- Strong Excel skills, including lookups, pivots, and handling operational data. Exposure to automation tools, SQL, or Python would be an advantage.
- A structured approach, with the comfort to investigate issues, assess operational risk, and make sound decisions.
- High attention to detail and strong ownership of output quality, controls, and timely delivery.
- Clear communication skills and the ability to work effectively across teams, functions, and time zones.
- A proactive approach to improving processes and helping build a more scalable Treasury Operations capability.
What the job involves
- We’re looking for a detail-oriented, proactive, and technically grounded associate to join our Manchester-based Cash & Treasury Operations team.
- This role is suited to someone with a solid grounding in treasury, payments, or banking operations who is ready to take on broader ownership across both BAU Treasury Operations and project delivery.
- As OakNorth continues to scale its balance sheet, expand US lending, and evolve its funding and liquidity model, Treasury Operations is becoming a more critical and specialist capability within the team.
- This role will play an important part in supporting that growth through strong execution, control, and involvement in key Treasury initiatives, including infrastructure, funding, and swap-related activity.
- Working within the Cash & Treasury Operations team, you’ll help ensure OakNorth’s Cash & Treasury processes run safely, accurately, and efficiently, while also taking ownership of projects and process improvements that strengthen scalability and control.
- Process and oversee Treasury-related operational activity, including cash management, settlements, margin calls, and payment execution across GBP, USD & EUR.
- Complete and review reconciliations across internal systems, bank accounts, and Treasury activity, investigating breaks and driving timely resolution.
- Support the operational management of FX swaps, REPO, and other Treasury transactions, ensuring controls, deadlines, and settlement requirements are met.
- Take ownership of defined Cash & Treasury Operations projects and workstreams, including process redesign, control enhancements, system changes, and new account or counterparty implementations.
- Play a key role in the optimisation of a Treasury Management System (TMS), helping ensure it is configured in a way that supports OakNorth’s operational model, control framework, and future scale.
- Work closely with Finance, Risk, Product, Technology, and external counterparties to deliver Treasury initiatives effectively and embed operational requirements early in design.
- Identify manual processes, control weaknesses, and inefficiencies, then help design and implement smarter, more scalable ways of working.
- Act as a reliable point of contact for more complex Treasury and operational issues, supporting escalation, resolution, and decision-making.
- Support knowledge-sharing and cross-training within the team to improve resilience and reduce key-person risk.
- As part of a high performing team you’ll deepen your understanding of how Treasury supports the growth, liquidity, and resilience of a scaling bank.
- You’ll gain experience across both day-to-day execution and strategic change, with increasing exposure to Treasury infrastructure, funding activity, and cross-functional delivery.
Cash & Treasury Associate in Manchester employer: Deepstreamtech
At OakNorth, we pride ourselves on being an exceptional employer, offering a dynamic work environment in Manchester that fosters professional growth and innovation. Our Cash & Treasury Operations team is integral to our expansion, providing employees with the opportunity to take ownership of impactful projects while collaborating across functions. With a strong emphasis on process improvement and operational excellence, we empower our associates to develop their skills in a supportive culture that values detail-oriented and proactive contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Cash & Treasury Associate in Manchester
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by researching the company and its Treasury Operations. Be ready to discuss your experience with cash management and operational controls, and think of examples that showcase your problem-solving skills.
✨Tip Number 3
Show off your Excel skills! Brush up on lookups and pivots, and be prepared to demonstrate how you've used these tools in past roles. This will highlight your technical depth and attention to detail.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Cash & Treasury Associate in Manchester
Some tips for your application 🫡
Show Off Your Experience:Make sure to highlight your 2-4 years of experience in Treasury Operations or related fields. We want to see how your background aligns with the role, so don’t hold back on those relevant skills and experiences!
Be Detail-Oriented:Since we’re looking for someone with a high attention to detail, ensure your application is free from typos and errors. A well-structured application reflects your ability to maintain quality and control in your work.
Communicate Clearly:Your communication skills are key! Use clear and concise language in your application to demonstrate your ability to work effectively across teams. Remember, we value clarity just as much as technical skills.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity in our Cash & Treasury Operations team!
How to prepare for a job interview at Deepstreamtech
✨Know Your Treasury Basics
Make sure you brush up on your knowledge of cash management, reconciliations, and payments. Be ready to discuss your experience in these areas and how they relate to the role. Having specific examples from your past work will show that you’re not just familiar with the concepts but can apply them effectively.
✨Excel Skills Are Key
Since strong Excel skills are a must for this role, practice using lookups, pivots, and handling operational data before your interview. You might even want to prepare a quick example of how you've used Excel to solve a problem or streamline a process in your previous roles.
✨Project Ownership Experience
Be prepared to talk about any projects you've led or been involved in. Highlight your ability to coordinate stakeholders and maintain momentum against deadlines. This will demonstrate your readiness to take on broader ownership in the Cash & Treasury Operations team.
✨Show Your Proactive Side
Think of instances where you've improved processes or identified inefficiencies in your previous roles. Discussing these experiences will showcase your proactive approach and willingness to contribute to building a more scalable Treasury Operations capability.
