At a Glance
- Tasks: Lead the execution of derivatives and FX activities, shaping the bank's financial strategies.
- Company: Join a dynamic challenger bank with a focus on innovation and collaboration.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Other info: Be part of a small, agile team with global reach and excellent career development potential.
- Why this job: Make impactful decisions in a hands-on role that drives the bank's profitability.
- Qualifications: 3-6 years in treasury or finance roles, with strong analytical and communication skills.
The predicted salary is between 75600 - 92400 £ per year.
The role involves owning the execution of the bank's derivatives and FX activity and its investment portfolio, sizing of its FX funding and liquidity positions, and supporting capital and wholesale funding issuance. Treasury is run as a measurable profit contributor rather than a cost centre, and decisions taken on this desk are a material part of that. This is a hands-on execution role rather than an oversight one.
Principal responsibilities include:
- Derivatives and FX: Execute interest rate swaps, cross-currency swaps and FX forwards across the bank's hedging programme. Price, negotiate and execute with dealers across the counterparty panel, and evidence best execution. Own the FX risk position and produce the exposure and hedging analysis that supports ALCO and Board reporting.
- Investment portfolio: Execute the gilt and HQLA investment programme against Board-approved mandates. Maintain and extend the portfolio construction tooling, including duration, maturity-ladder and concentration constraints.
- Capital and funding issuance: Support the origination and execution of capital instrument issuance, working alongside the Treasurer, CFO and external advisers. Build and maintain the analysis behind issuance decisions.
- Funding and liquidity sizing: Set the strategy, size the transaction and steer the team. Own USD liquidity end to end and set the sizing and collateral strategy for Bank of England repo facilities.
- Analytics and automation: Work extensively with AI-assisted development. Build, maintain and extend the desk's Python toolkit and replace manual spreadsheet processes with repeatable, auditable and documented ones.
- Control, governance and reporting: Ensure trades are captured, confirmed and reported in line with the Treasury Trading Policy. Monitor Risk Appetite Limits and Key Risk Indicators for front-office activity.
Essential experience and skills include relevant execution experience, well-honed Bloomberg skills, instrument knowledge, regulatory mechanics understanding, Python literacy, and strong communication skills.
Desirable qualifications include CFA, FRM, BTRM in progress or complete, exposure to Clearing, CSA and margining mechanics, securitisation, CLO or structured credit experience, and experience in a challenger bank or small team.
Who will do well here: You get things moving, pace matters more than polish, and you are comfortable forming a view, making a call and owning the outcome. You learn quickly and want to grow into the full breadth of the technical range.
Manager - Treasury, Capital Markets / Front Office in Vauxhall employer: OakNorth Bank
At OakNorth, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. As part of our Business Banking Deposits team in Manchester, you'll have the opportunity to influence the growth of a fast-paced business unit while enjoying competitive salaries, personalised benefits, and ample career development opportunities. Join us to make a meaningful impact in the world of business banking, all while working in a supportive environment that values your contributions and well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - Treasury, Capital Markets / Front Office in Vauxhall
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like OakNorth Bank. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Manager - Treasury, Capital Markets / Front Office in Vauxhall
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to OakNorth Bank.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on OakNorth Bank's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at OakNorth Bank
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with OakNorth Bank.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at OakNorth Bank will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former OakNorth Bank employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
