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You will shape OakNorth’s real‑estate credit strategy, make and sanction transaction decisions, and lead the Real Estate Credit Risk teams. You’ll work closely with Debt Finance Originators from deal inception, chair or contribute to Credit Risk Committee meetings, and drive AI‑enabled improvements to credit analysis and portfolio monitoring.
The role requires deep experience underwriting and sanctioning complex commercial real‑estate deals, proven senior Credit Risk Committee participation, and a track record of building and developing credit teams. Strong judgement on deal structure, sponsors, security, cash‑flow and portfolio risk is essential, with UK or multi‑market exposure preferred.
Your credit leadership will underpin the growth of OakNorth’s real‑estate lending business, ensuring disciplined risk while enabling ambitious transactions. By shaping credit standards and leveraging data/AI, you help protect the portfolio and accelerate decision‑making across the firm.
Ideal for a hands‑on credit leader who wants to build and mentor teams, challenge senior colleagues, and innovate credit processes. The role fits candidates who thrive on complex deals, enjoy entrepreneurial environments, and are comfortable making independent, high‑impact decisions.
We are looking for a Co-Head of Credit Risk – Real Estate to help grow our real estate lending businesses working alongside our Co-Head of Credit Risk – Trading Business. Together, you will provide senior credit leadership across our real estate and trading business lending, each bringing deep expertise in your area.
Based in London, you will help shape the real estate deals we do, the people we develop and how we work across the UK market, while keeping sound credit judgement at the heart of every decision.
This is a role for someone who wants to build, not just oversee. You will work closely with our Debt Finance Originators to understand customers’ ambitions and find the right structure for their transactions, making and sanctioning credit decisions and bringing an independent view to Credit Risk Committee.
The opportunity goes beyond individual deals. You will lead our Real Estate Credit Risk teams, oversee portfolio risk and help shape how we approach real estate credit as we grow internationally.
We also want your ideas. How could AI improve our analysis? Where could better data help us spot risk sooner? What should we stop doing so the team can spend more time on the decisions that matter? You will help turn those ideas into practical changes.
What you'll do
Shape real estate credit across OakNorth
Credit decisions and sanctioning
Credit Risk Committee
Build and lead the team
Use AI and data to improve credit work
AI and technology should be part of how we do credit work, not a separate project. You will help the team:
You do not need a technical background. We do expect curiosity, a willingness to test new approaches and the judgement to know where they add value.
What we are looking for
You will have substantial experience underwriting and sanctioning complex commercial real estate transactions. Direct experience of making credit decisions is essential; policy or governance experience alone is not enough.
Working at OakNorth
We were founded by entrepreneurs, for entrepreneurs. Our customers have ambitions for their businesses, and we look for ways to help them get there. That takes curiosity, commercial understanding and the willingness to look beyond the obvious answer.
You should enjoy that kind of work: getting into a complex deal, challenging assumptions and finding a structure that others may have missed. Just as importantly, you need the independence to say no when the risk is not right.
We move quickly and expect people to take ownership. You will have room to put ideas into practice, challenge established ways of working and develop your team. In return, we expect clear decisions, disciplined risk judgement and responsibility for the outcome.
If you want to help grow a lending business, develop strong credit leaders and change how credit work gets done, this is an opportunity to do all three.
Benefits & Perks
