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Senior Director – Workout & Restructuring, Trading Businesses

OakNorth

London

On-site

GBP 120,000 - 180,000

Full time

12 days ago

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Job summary

OakNorth is seeking a Senior Director to lead workout and restructuring for trading businesses in London. This role involves strategic oversight and relationship building with stakeholders during complex financial challenges. The ideal candidate will possess deep expertise in restructuring and a passion for supporting businesses in crisis.

Benefits

Equity in the company

25 days holiday

Personalized benefits

Subsidised Private Medical Insurance

Enhanced maternity and paternity leave

Wellbeing events

Volunteering time off

Salary sacrifice schemes

Qualifications

10+ years' experience in workouts or credit restructuring.
Demonstrated ability to work closely with PE sponsors and debt funds.
Strong communicator with a pragmatic, solutions-oriented mindset.

Responsibilities

Lead restructuring efforts for distressed businesses.
Develop crisis management strategies.
Present recommendations to senior forums.

Skills

Commercial judgment

Communication

Influence

Relationship management

Senior Director – Workout & Restructuring, Trading Businesses

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Senior Director – Workout & Restructuring, Trading Businesses

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We are looking for a Senior Director to lead our approach to complex and higher-risk exposures across trading businesses. This is a critical role focused on helping borrowers navigate financial stress, restructure effectively, and re-focus their operations on long-term sustainability.

The successful candidate will bring a strong track record of working closely with borrowers, private equity sponsors, and debt funds to design and implement pragmatic recovery strategies. They will combine credit acumen with commercial empathy, acting as a trusted partner to businesses during periods of change or challenge.

The role requires someone who can drive outcomes, maintain credibility with senior stakeholders, and lead complex restructurings from end to end in a fast-moving environment.

Key Responsibilities:

Workout & Restructuring Leadership
Lead OakNorth’s engagement with stressed and distressed trading businesses, with a focus on restructuring and value preservation.
Develop tailored strategies across turnarounds, debt restructurings, refinancing's, managed exits, or enforcement where necessary.
Build strong, trusted relationships with management teams, advisors, and capital partners (e.g. PE sponsors, debt funds).
Act as the lead internal and external point of contact for complex cases, owning the strategy and execution plan.
Present recommendations to Credit Committee and other senior forums, backed by sound judgment and commercial rationale.
Credit Governance & Portfolio Oversight
Play a senior role in watchlist and high-risk credit governance, shaping early intervention and recovery approaches.
Provide insight into provisioning, monitoring, and reporting practices for higher-risk credits.
Contribute to lessons learned from restructuring cases, informing origination and credit appetite in the future.

What we are looking for:

10+ years’ experience in workouts, special situations, or credit restructuring, gained in: SME-focused banks, Private equity or debt funds (in portfolio, investment, or value creation teams)
Financial advisory or turnaround firms
Demonstrated ability to work closely with PE sponsors, debt funds, and senior borrowers in restructuring scenarios.
Strong commercial judgment and hands-on approach — focused on helping businesses refocus and stabilise, not just exit.
Deep understanding of trading business models and operational, legal, and financial levers in distressed situations.
Board-level presence and relationship credibility — able to influence borrowers, internal stakeholders, and external partners.
Strong communicator with a pragmatic, solutions-oriented mindset.
Comfortable operating at pace and with autonomy in a high-performance culture.
Passion for supporting the UK’s entrepreneurial and trading economy through agile, responsible credit interventions.

Benefits and Perks:

Equity. We want people to have a stake in the business so that all our interests are aligned.
25 days holiday
Personalized benefits – opt-in to what matters to you
Subsidised Private Medical Insurance with Bupa
Enhanced maternity and paternity leave
Wellbeing and social events
Support causes that matter to you – Volunteering time off
Salary sacrifice schemes (Cycle to work, nursery, gym, electric car scheme)

Seniority level

Seniority level
Director

Employment type

Employment type
Full-time

Job function

Job function
Information Technology

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