At Kroo Bank, we’re building a better bank from the ground up. One that puts customers first, treats money responsibly, and uses technology to make everyday banking simpler, fairer and more transparent. We’re a fully regulated UK bank, backed by long-term investors, with a growing customer base and big ambitions. We move fast, think carefully, and hold ourselves to the highest standards, whether that’s how we engage with our customers, build products, manage risk, or look after our people.
How you will contribute and key responsibilities:
As an Associate in Structured Finance, your key responsibility will be to support the origination, structuring, execution, and ongoing management of structured lending transactions that form an essential part of Kroo’s growth strategy. In a challenger bank environment, you will work across the end to end transaction lifecycle, combining detailed credit analysis, financial modelling, documentation support, and portfolio performance oversight with client and originator interaction. Responsibilities include:
- Support the Head of Structured Assets in originating structured lending opportunities across a range of originators, sponsors, and asset classes, building and maintaining a high quality opportunity pipeline.
- Develop and maintain detailed financial models for asset backed and cash flow lending transactions, including returns analysis and scenario based sensitivities.
- Prepare indicative terms and commercial proposals, including assessment of RWAs, RAROC, ROE, and NIM, and contribute to internal pricing and structuring discussions, supporting optimisation of structure, pricing, and capital efficiency.
- Prepare clear, well evidenced credit papers for Executive Committee, Credit Committee, and Board level review, ensuring robust articulation of risk and mitigants.
- Coordinate and support detailed borrower, sponsor, and originator due diligence, working with internal and external stakeholders to validate key assumptions and identify potential risk areas.
- Analyse financial statements, business plans, collateral performance, and cash flow forecasts, and assess creditworthiness, capacity to repay, prepayment and default risk, and structural protections.
- Identify, document, and monitor key risks including market, operational, legal, and concentration risks, ensuring alignment with internal credit policies and PRA and FCA expectations.
- Work closely with internal and external legal counsel to support negotiation of facility agreements and transaction documentation, ensuring commercial intent and credit approvals are accurately reflected.
- Coordinate completion mechanics including conditions precedent tracking, internal approvals, funding and treasury requirements, and operational readiness to ensure smooth execution.
- Monitor portfolio performance and covenant compliance, identify early warning indicators, and escalate emerging risks in line with governance expectations and risk appetite.
- Conduct annual reviews and credit re assessments, maintain accurate reporting, and contribute to continuous improvement of portfolio monitoring, credit processes, and management information.
Apply on company website London, England, United Kingdom Hybrid Full-time
apply is hiring an Associate - Structured Finance
About company
At Kroo Bank, we’re building the future of banking with modern technology and a culture that values innovation, collaboration, and impact. Unlike traditional banks or outsourcing firms, our engineers shape real products used by thousands of customers every day in the UK.
Why join us?
- Be part of a new generation UK bank. Kroo was awarded a full UK banking licence in 2022, making us one of only a handful of fintechs to achieve this milestone.
- We’re one of the fastest-growing banks in the UK, reaching £1 billion in deposits faster than any of our peers, with 200,000+ customer accounts and growing every day.
- Work with a modern stack: Clojure, React Native, Kafka, AWS, Docker, Terraform.
- Practise or learn functional programming (we’ll support you even if you’re new to it).
- Be part of a cross-functional squad where engineers, designers, testers and product managers collaborate as equals.
- Permanent employment contract in Romania, 100% remote, with flexible hours and a healthy work-life balance.
- Competitive salary and stock options, so you share in the success of the company.
- Join a young, dynamic, and mission-driven organisation where your work directly shapes how people bank in the UK.
What you’ll do
- Build and deliver new features end-to-end, from idea to production, in a modern CI/CD environment.
- Work across the stack including backend microservices (Clojure, Kafka, AWS, Postgress) to frontend (React Native). We offer opportunities to specialise or grow as a full-stack engineer.
- Collaborate daily with product, design, and engineering colleagues to ship customer-facing features in an agile environment based on Kanban and XP practises such as pair programming and test driven development.
- Write clean, maintainable, and testable code, and participate in code reviews.
- Contribute to system design discussions and bring ideas to improve scalability and resilience.
- Keep learning, diving deeper into banking products, functional programming, mobile frameworks, or cloud infrastructure.
- Optionally, contribute back to open source and share knowledge with the wider engineering community.
What we’re looking for
- Professional experience in backend or mobile development (Clojure, Java, Kotlin, JavaScript/TypeScript, Swift, or any functional language is a plus).
- Interest in learning Clojure and functional programming.
- Familiarity with modern cloud environments (AWS preferred).
- Good communication skills in English and ability to work effectively in a distributed Agile team.
- A collaborative mindset and passion for building high-quality products
- Experience working in banking, fintech, or other highly regulated industries — understanding payments, compliance, or financial products is a plus.
About Our Process
We understand that competency is contextual, so throughout the process, we aim to gain an understanding of your experience and, if successful, to provide you with a role reflective of your demonstrated seniority. Our general interview process is as follows, but if your circumstances or timescales require, we can be flexible with its structure:
- 30-minute meet and greet with our Talent Acquisition Specialist via Google Hangouts
- 1-hour live coding exercise to work through a coding challenge with members of our development team via Google Hangouts
- 1-hour system design. This is an opportunity to showcase a system you’ve worked on in the past via Google Hangouts
- 30-minute opportunity to meet with our CTO and executives via Google Hangouts
Please let us know if you have any specific requirements or need assistance so we can be as accommodating as possible for you.
At our cutting-edge fintech company, we know that attracting and retaining the best talent means offering top-notch benefits that help our employees thrive both in and outside of work. Check out what we currently offer:
- 20 days of annual leave
- Paid National Holidays
- 1 Kroo bank holiday (June 24th), and 1 day off during the week of your birthday.
- Personal days: We know that life can be unpredictable, so we offer 3 personal days to use as needed.
- Mental health support: We care about the mental health of our team members and offer access to Spill, our mental health support partner.
- Top-notch equipment: We provide top-of-the-line equipment necessary for smooth hybrid work, including a MacBook laptop.
- Room for growth: As a fast-paced, high-growth start-up, we're dedicated to providing our employees with room to grow and excel.
Diversity and Inclusion:
We wholeheartedly uphold our commitment to fostering a diverse and inclusive workplace. Every employee is highly regarded, respected, and supported without any form of judgement or prejudice. We consider Diversity, Equality, and Inclusion as fundamental pillars guiding our path in all aspects of our bank. We also ensure that reasonable adjustments are made available to all candidates throughout the recruitment process.