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- Tasks: Review retail loan and savings applications while ensuring compliance with policies.
- Company: Join an international bank committed to enhancing customer experiences.
- Benefits: Enjoy flexible work hours, including evenings and weekends.
- Why this job: Make impactful decisions that shape customer journeys and strengthen risk frameworks.
- Qualifications: Experience in credit underwriting and strong analytical skills required.
- Other info: Immediate start is essential for this role.
The predicted salary is between 36000 - 60000 £ per year.
Recruitment Consultant- Risk, Regulation and Compliance InterQuest are supporting an International bank who are looking for a Credit Underwriter to join their team. You\’ll be responsible for reviewing retail loan and savings applications in line with internal policies and regulatory guidelines. You\’ll assess creditworthiness using a range of data sources, including credit bureau reports, income verification documents, and affordability assessments. Your insights will directly contribute to maintaining a strong risk framework while enhancing the overall customer experience.Key Responsibilities:Assess loan and savings applications within the company\’s risk appetite and regulatory frameworkAnalyse supporting documents such as bank statements, ID, income verification, and credit reportsMake balanced, well-informed underwriting decisions using both internal systems and external tools (e.g., CIFAS, AML databases)Identify potential fraud and ensure compliance with all relevant financial crime and FCA regulationsCommunicate effectively with customers and retail partners throughout the onboarding processParticipate in continuous improvement initiatives, helping to refine underwriting processes and policiesWork cross-functionally with teams in Risk, Product, and Customer Service to deliver efficient outcomesProvide evening and weekend cover as part of a flexible workweekQualifications:Experience of Credit Underwriting within a retail lending environmentBackground in an FCA-regulated environmentStrong analytical skills and attention to detailExcellent communication skills, both written and verbal*This role is only available to candidates who can start immediatelySeniority level AssociateEmployment type Full-timeJob function Finance
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Contact Detail:
InterQuest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Underwriter
✨Tip Number 1
Familiarise yourself with the latest regulations and guidelines from the FCA. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance, which is crucial for a Credit Underwriter role.
✨Tip Number 2
Brush up on your analytical skills by practising with real-life case studies or scenarios related to credit underwriting. This will prepare you to discuss your thought process and decision-making during the interview.
✨Tip Number 3
Network with professionals in the banking and finance sector, especially those who work in credit underwriting. They can provide insights into the role and may even refer you to opportunities within their organisations.
✨Tip Number 4
Prepare to discuss your experience with various data sources used in credit assessments, such as credit bureau reports and income verification documents. Being able to articulate your familiarity with these tools will set you apart from other candidates.
We think you need these skills to ace Credit Underwriter
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Credit Underwriter. Familiarise yourself with the key tasks mentioned in the job description, such as assessing loan applications and analysing supporting documents.
Tailor Your CV: Highlight your relevant experience in credit underwriting and any background in FCA-regulated environments. Use specific examples to demonstrate your analytical skills and attention to detail, as these are crucial for the role.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Mention how your skills align with the job requirements and provide examples of how you've successfully communicated with customers or improved processes in previous roles.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for a Credit Underwriter.
How to prepare for a job interview at InterQuest Group
✨Know Your Numbers
Brush up on your understanding of creditworthiness metrics and how to analyse financial documents. Be prepared to discuss specific examples of how you've assessed loan applications in the past.
✨Understand Regulatory Frameworks
Familiarise yourself with FCA regulations and internal policies relevant to credit underwriting. Showing that you understand compliance will demonstrate your readiness for the role.
✨Communicate Clearly
Practice articulating your thought process when making underwriting decisions. Clear communication is key, especially when discussing complex information with customers or partners.
✨Showcase Analytical Skills
Prepare to discuss how you've used analytical tools and data sources in previous roles. Highlight any experience with fraud detection and risk assessment to show your capability in maintaining a strong risk framework.
