--- title: 'Assistant Manager - Procurement at OakNorth' canonical: 'https://feeny.ai/job/assistant-manager-procurement-oaknorth-gurugram-8a37gdaxbm2y' type: 'job' last_seen: '2026-09-17' --- # Assistant Manager - Procurement at OakNorth - **Company:** OakNorth - **Location:** Gurugram, India - **Employment:** full-time - **Work type:** hybrid - **Posted:** 2026-09-15 - **Last confirmed live:** 2026-09-17 - **Apply:** https://jobs.ashbyhq.com/oaknorth/b6910142-12ef-48b5-b389-921510d5093c ## Job description ## ABOUT US At OakNorth, we're on a mission to empower ambitious businesses and the communities they serve. Since 2015, we've lent over $21 billion across the UK and US, helped create more than 58,000 new homes and 36,000 new jobs, and supported hundreds of thousands of personal savers — all while driving economic growth in the markets we serve. ## ABOUT THE TEAM The Procurement team at OakNorth manages supplier relationships, contract lifecycle activities, and purchasing operations across our India, UK, and US entities. We work closely with Finance, Legal, IT, and Compliance to ensure every supplier engagement is commercially sound, compliant, and well-governed — while continuously improving the processes and tools that underpin our procurement function. ## ABOUT THE ROLE We're looking for an Associate to join our Procurement and Supplier Management team, supporting end-to-end procurement activities from sourcing and contracting through to supplier due diligence, invoice processing, and performance management. You'll be hands-on across both strategic and operational procurement, working closely with internal stakeholders and external suppliers while supporting our UK and US teams. This role suits someone who is detail-oriented, self-motivated, and comfortable managing multiple priorities in a regulated, fast-paced environment. ## WHAT YOU'LL DO - Lead sourcing and tendering activities for new and renewing supplier engagements, including RFx preparation and evaluation; benchmark supplier pricing and commercial terms to support value-for-money assessments. - Manage contract lifecycle activities — drafting, negotiation support, execution, amendments, and renewals — in collaboration with Legal; maintain and update the contract register, tracking key dates and milestones. - Support category management across key spend areas, identifying consolidation opportunities and preferred supplier strategies; ensure all procurement activities comply with internal policies, regulatory requirements, and governance frameworks. - Create and process purchase requisitions (PRs) in NetSuite, ensuring accurate coding, approvals, and budget alignment; upload vendor invoices, match against POs, and coordinate with Accounts Payable to resolve discrepancies and payment conflicts. - Manage end-to-end supplier due diligence across OakNorth, including risk assessments (sanctions, background, and creditworthiness checks), payment reconciliations, and banking detail verification. - Manage vendor onboarding and offboarding, maintain records in Salesforce, and support supplier governance and performance review meetings; resolve exceptions, process risks, and in-life issues as they arise. - Maintain trackers (DD tracker, Charity tracker, spend file) for both ONB and ONGPL; support brand monitoring across the supplier base. - Support preparation of procurement dashboards and management reports; build data models and visualisations using Excel, Power BI, or equivalent tools. - Serve as the key liaison between internal stakeholders (Finance, Legal, IT, Compliance) and external suppliers; available to support UK and US teams during critical periods including month-end, year-end, audit cycles, and major contract renewals. YOU'LL BE A GREAT FIT IF YOU HAVE… - 3–5 years of experience in procurement operations or supplier management, preferably in financial services or a regulated environment. - Hands-on experience with NetSuite (PRs, invoicing, vendor management) and Salesforce (vendor records). - Strong Excel skills including pivot tables, VLOOKUP, and data analysis; familiarity with Power BI or Tableau desirable. - Understanding of third-party risk management, procurement compliance frameworks, and ESG principles. - Self-motivated, detail-oriented, and able to manage multiple priorities independently across geographies and time zones. ## Nice to Have - Familiarity with AI/ML tools and a demonstrable ability to apply them in day-to-day procurement workflows. - Experience with supplier due diligence processes including sanctions and creditworthiness checks. - Exposure to category management or preferred supplier strategy development. ## WHAT WE OFFER - Health & Protection: Comprehensive medical cover for you, your family, and parents, along with life and accidental insurance cover at a multiple of your salary. - Wellbeing: Annual health check-ups, online doctor consultations, pharmacy discounts, nutritionist support, and Employee Assistance Program (EAP) services — all sponsored by OakNorth. - Time Off: Earned leave, casual/sick leave, public holidays, maternity leave, and paternity leave. - Life Milestones: Financial support for important life events such as marriage, childbirth, and bereavement. - Flexible Benefits: Tax-efficient allowances for internet, fuel, meals, leave travel, and National Pension System (NPS) contributions. - Growth & Development: Support for professional certifications, learning and development opportunities, childcare benefits, and paid volunteering days. - Our Workplace: Modern, centrally located offices, weekly business updates, team events, and great coffee. We work hard to build a culture worth showing up for. ## About OakNorth ## Company Overview - **One-liner**: OakNorth is a UK-based digital bank founded by entrepreneurs, providing fast, flexible business loans and competitive savings accounts to support ambitious businesses and savers. - **Entity Type**: Private (fully-licensed digital bank, profitable; not publicly listed) - **Headquarters**: London, United Kingdom - **Founded**: 2015 - **Founders**: Rishi Khosla and Joel Perlman ## Core Business - **Primary industry**: Digital banking, commercial lending, retail savings - **Target customers**: Lower mid-market businesses (entrepreneur-led, scaling fast) seeking debt financing from £1m to tens of millions; retail savers in the UK. - **Mission**: “Banking should be barrier-free” – inspired by the founders’ own frustrations with traditional lending, OakNorth aims to back proven businesses with fast, data-driven credit decisions. ## Products & Services - **Business Loans**: Flexible, structured debt financing from £1m to tens of millions for growth capital, acquisitions, management buyouts, and property development/investment. - **Business Banking**: Digital account with dedicated support, seamless payments and cash management for scaling businesses. - **Personal Savings**: FSCS-protected savings accounts (up to £120,000) with competitive interest rates, offered via a digital platform. - **OakNorth Credit Intelligence (OCI)**: Data-driven technology platform that gives lenders a forward-looking view for agile credit decisions (used internally and sold to other institutions). ## Market Standing - **Valuation**: Not publicly disclosed (private company) - **Key Metric**: Cumulative lending of over £15.1bn since inception (2025). Annual profit of £165.2m in 2025. Total capital ratio of 18.4%. - **Notable Investors/Partners**: Founded and led by Rishi Khosla & Joel Perlman; backed by a range of institutional investors (details not fully public). Over 400,000 retail savers provide deposit funding. Partnered with LSE Generate for mentorship. - **Growth Signals**: Named **Best Bank in the UK** at The Banker’s Bank of the Year Awards 2025. Recognised by CNBC/Statista as one of the UK’s Top 250 Fintechs. Expanded lending into the US in 2023. Built a diversified business including Business Banking capability. 61,000+ jobs and 36,000+ new homes created through lending. Offices in London, Manchester, Leeds, Bristol, Newcastle, Birmingham, New York (OCI), and India (Gurugram, Bengaluru, Hyderabad). ## Competitive Advantages - **Data-driven credit underwriting**: Uses proprietary analytics (OCI) to assess future potential, not just past financials, enabling faster, more accurate lending decisions. - **Founder-led, flat organisational structure**: Decision-making is fast, with less bureaucracy than traditional banks. - **Disciplined profitability**: One of the few digital banks globally to be consistently profitable, with extremely low credit losses (4.5 basis points of cumulative facilities). - **Customer obsession**: High NPS and a culture of “customer delight” rather than mere satisfaction. ## Strategic Focus - **US expansion**: Scaling lending in the US lower mid-market where a similar structural gap exists. - **Business Banking rollout**: Building a full business banking capability beyond loans to deepen customer relationships. - **Technology and data**: Continuing to invest in the OakNorth Credit Intelligence platform and automation. - **ESG and community**: Net zero target by 2045; 1+1% initiative (1% of profits and 1% of employee time to charity). - **Talent and culture**: Expanding teams across UK, US, and India while maintaining a founder-led, high-autonomy culture. ## Why Work Here - **Equity**: Employees receive equity in the business, sharing in growth. - **Flat structure**: Opportunity to interact with senior leaders and have real impact regardless of tenure. - **Autonomy**: Personal goal-setting with manager support; freedom to take on projects of interest. - **Mission-driven**: Directly contribute to creating jobs, homes, and supporting ambitious entrepreneurs. - **Culture**: Values include “Say it how it is” (honest communication), “10x” (set ambitious goals), “One team”, and “Momentum”. - **Hybrid/Office**: Multiple office locations across UK (London, Manchester, Leeds, Bristol, Newcastle, Birmingham) plus New York and India. Specific remote policies not detailed but likely hybrid for most roles. - **Recognition**: Work for a bank that has won “Best Bank in the UK” and is seen as a top fintech employer. ## Sources 1. [OakNorth.co.uk – Home](https://oaknorth.co.uk/) 2. [OakNorth.co.uk – About/Our Story](https://oaknorth.co.uk/about/) 3. [OakNorth.co.uk – Careers](https://oaknorth.co.uk/about/careers/) 4. [OakNorth.co.uk – Annual Report 2025 (PDF)](https://oaknorth.co.uk/wp-content/uploads/2026/03/Annual_Report_2025.pdf) 5. [OakNorth.co.uk – Jobs](https://oaknorth.co.uk/jobs/) ## Other roles at OakNorth - [Director, Debt Finance](https://feeny.ai/job/director-debt-finance-oaknorth-new-york-78vw5hmt7e0a) — New York, NY - [Assistant Manager- Accounts Payable](https://feeny.ai/job/assistant-manager-accounts-payable-oaknorth-gurugram-tcn96n5yex2b) — Gurugram, India - [Assistant Manager - controllership](https://feeny.ai/job/assistant-manager-controllership-oaknorth-gurugram-qv4xs8nbvkte) — Gurugram, India - [Deposit Operations Analyst](https://feeny.ai/job/deposit-operations-analyst-oaknorth-manchester-20kg47psnftg) — Manchester, United Kingdom - [Compliance Analyst](https://feeny.ai/job/compliance-analyst-oaknorth-gurugram-vaeecaap3xxb) — Gurugram, India - [Intern - Finance (Regulatory Reporting)](https://feeny.ai/job/intern-finance-regulatory-reporting-oaknorth-gurugram-1t6kqw6ez0b5) — Gurugram, India - [Associate, Debt Finance Support (Real Estate)](https://feeny.ai/job/associate-debt-finance-support-real-estate-oaknorth-new-york-0qbhy2a4sve4) — New York, NY - [Credit, Director - C&I](https://feeny.ai/job/credit-director-c-i-oaknorth-new-york-ge8b82wfwp4z) — New York, NY - [Manager - Company Secretary](https://feeny.ai/job/manager-company-secretary-oaknorth-gurugram-pv06rkyaw7xf) — Gurugram, India - [AVP - Legal - Transaction & Execution Management](https://feeny.ai/job/avp-legal-transaction-execution-management-oaknorth-gurugram-t9egh1d1zs6b) — Gurugram, India