Manager - Treasury, Capital Markets / Front Office

The role

OakNorth runs an £8bn balance sheet with a small, senior Treasury team. Reporting to the Head of Treasury, you will own the execution of the bank's derivatives and FX activity and its investment portfolio, the sizing of its FX funding and liquidity positions, and support for capital and wholesale funding issuance — building the analytics behind those decisions. Treasury here is run as a measurable profit contributor rather than a cost centre, and the decisions taken on this desk are a material part of that.

This is a hands-on execution role rather than an oversight one. You will be pricing, trading, sizing and building the analysis behind your own recommendations, and presenting that work in senior forums including ALCO and to the CFO.

The role is deliberately front-office weighted, but the team is small and the remit is broad. There is genuine scope to build depth in the wider Treasury agenda — funds transfer pricing, liquidity and interest rate risk frameworks, and Board and regulatory work — for someone who wants it.

Principal responsibilities

Derivatives and FX

• Execute interest rate swaps, c