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- Tasks: Join our team to underwrite complex deals and lead projects in Distribution Finance.
- Company: Wells Fargo is a leading financial services company with a strong commitment to risk management.
- Benefits: Enjoy a 12-month fixed-term contract with opportunities for mentorship and professional growth.
- Why this job: Be part of a dynamic team, tackling real business challenges and making an impact.
- Qualifications: Experience in Distribution Finance Underwriting or equivalent through work, training, or education.
- Other info: This role is based in London and offers a chance to collaborate with industry experts.
The predicted salary is between 36000 - 60000 £ per year.
Wells Fargo is seeking an experienced Underwriter to join our Distribution Finance team in London for a 12 month Fixed Term Contract. The role will serve as a key member of our client's deal team.
In this role, you will:
- Participate in underwriting more complex and structured deals including new business modifications and renewals within Distribution Finance Underwriting functional area.
- Contribute to large-scale planning related to deliverables within Distribution Finance Underwriting functional area.
- Review and research moderately complex business challenges that require an in-depth evaluation of multiple factors.
- Resolve moderately complex issues and lead a Distribution Finance Underwriting team to meet project deliverables while leveraging solid understanding of the functional area, policies, procedures, and compliance requirements.
- Collaborate and consult with Distribution Finance Underwriting peers, colleagues, and mid-level managers to resolve issues and achieve goals.
- Lead projects, teams, or serve as a mentor for less experienced individuals.
Required Qualifications:
Experience in Distribution Finance Underwriting, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Job Expectations:
- Underwrites new business opportunities in the Vendor portfolio, assessing the credit risk profile (i.e. financial and non-financial aspects) of both potential and existing customers as well as the in-life operational performance ensuring programmes are correctly structured to mitigate against potential credit and operational risks.
- Carries out rigorous annual risk reviews of existing programmes, incorporating an assessment of their credit risk as well as their in-life operational performance.
- Is the go-to-person for assigned programmes to provide advice and support as required in relation to CDF’s strike zone, policies & procedures and documentation along with general Elevated Operational Risk matters.
- Is the PMU representative for their respective programmes on deal teams supporting New Relationship Development.
- Embraces Wells Fargo’s Enterprise Risk Management and Compliance framework in line with Wells Fargo policies and guidelines.
- Interacts with 2nd and 3rd line of defence in a collaborative, supportive manner, addressing operational risk or audit matters quickly.
- Delivers on risk metrics, such as Key Risk Indicators, annual credit reviews, financial statement analysis and supporting Portfolio Management.
Underwriter, Distribution Finance employer: Wells Fargo
Contact Detail:
Wells Fargo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter, Distribution Finance
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and risk assessment techniques used in Distribution Finance. Understanding the nuances of credit risk profiles and operational performance will give you an edge during discussions with the hiring team.
✨Tip Number 2
Network with professionals already working in Distribution Finance or similar roles. Engaging with them can provide insights into the company culture at Wells Fargo and the expectations for the Underwriter position, which can be invaluable during interviews.
✨Tip Number 3
Prepare to discuss your experience with complex deal structuring and how you've successfully navigated challenges in previous roles. Highlighting specific examples will demonstrate your capability to handle the responsibilities outlined in the job description.
✨Tip Number 4
Stay updated on current trends and regulations in the finance industry, particularly those affecting underwriting practices. Showing that you are informed about the latest developments will reflect your commitment to the role and the company.
We think you need these skills to ace Underwriter, Distribution Finance
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in Distribution Finance Underwriting. Focus on specific projects or roles where you assessed credit risk and managed operational performance.
Craft a Strong Cover Letter: In your cover letter, explain why you're interested in the Underwriter position at Wells Fargo. Mention your understanding of their Enterprise Risk Management framework and how your skills align with the job requirements.
Showcase Relevant Skills: Emphasise your analytical skills and experience in resolving complex issues. Provide examples of how you've led teams or mentored others in previous roles to demonstrate your leadership capabilities.
Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Underwriter role.
How to prepare for a job interview at Wells Fargo
✨Understand the Role
Make sure you have a solid grasp of what an Underwriter in Distribution Finance does. Familiarise yourself with underwriting processes, credit risk assessment, and the specific responsibilities outlined in the job description.
✨Prepare for Technical Questions
Expect questions that test your knowledge of financial analysis and risk management. Brush up on key concepts related to credit risk profiles and operational performance to demonstrate your expertise.
✨Showcase Your Experience
Be ready to discuss your previous experience in Distribution Finance Underwriting or similar roles. Use specific examples to illustrate how you've successfully handled complex deals and resolved issues in the past.
✨Emphasise Collaboration Skills
Since the role involves working closely with teams and stakeholders, highlight your ability to collaborate effectively. Share examples of how you've worked with peers and managers to achieve common goals.
