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- Tasks: Review retail loan and savings applications while ensuring compliance with regulations.
- Company: Join an international bank with a strong focus on risk management.
- Benefits: Full-time role with flexible hours and opportunities for career growth.
- Why this job: Make impactful decisions that enhance customer experiences and maintain financial integrity.
- Qualifications: Experience in credit underwriting and strong analytical skills required.
- Other info: Collaborate with diverse teams and participate in continuous improvement initiatives.
The predicted salary is between 36000 - 60000 £ per year.
InterQuest are supporting an International bank who are looking for a Credit Underwriter to join their team. You will be responsible for reviewing retail loan and savings applications in line with internal policies and regulatory guidelines. You will 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 framework
- Analyse supporting documents such as bank statements, ID, income verification, and credit reports
- Make 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 regulations
- Communicate effectively with customers and retail partners throughout the onboarding process
- Participate in continuous improvement initiatives, helping to refine underwriting processes and policies
- Work cross-functionally with teams in Risk, Product, and Customer Service to deliver efficient outcomes
- Provide evening and weekend cover as part of a flexible workweek
Qualifications:
- Experience of Credit Underwriting within a retail lending environment
- Background in an FCA-regulated environment
- Strong analytical skills and attention to detail
- Excellent communication skills, both written and verbal
This role is only available to candidates who can start immediately.
Credit Underwriter employer: InterQuest Group
Contact Detail:
InterQuest Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Credit Underwriter
✨Tip Number 1
Network like a pro! Reach out to people in the finance sector, especially those working in credit underwriting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your analytical skills and understanding of regulatory frameworks. Be ready to discuss how you’ve made balanced underwriting decisions in the past.
✨Tip Number 3
Showcase your communication skills! Practice explaining complex concepts simply, as you'll need to communicate effectively with customers and partners during the onboarding process.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Credit Underwriter
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Credit Underwriter role. Highlight your experience in credit underwriting and any relevant skills that match the job description. We want to see how you fit into our team!
Showcase Your Analytical Skills: Since this role requires strong analytical skills, don’t shy away from showcasing examples where you've successfully assessed creditworthiness or made informed decisions. We love seeing how you think!
Be Clear and Concise: When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially in finance!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Let’s get started!
How to prepare for a job interview at InterQuest Group
✨Know Your Numbers
As a Credit Underwriter, you'll be dealing with a lot of data. Brush up on your analytical skills and be prepared to discuss how you assess creditworthiness using various data sources. Familiarise yourself with common metrics and tools used in the industry, as this will show your expertise and confidence.
✨Understand Regulatory Guidelines
Make sure you have a solid grasp of the regulatory framework that governs credit underwriting. Be ready to talk about FCA regulations and how they impact your decision-making process. This knowledge will demonstrate your commitment to compliance and risk management.
✨Communicate Clearly
Effective communication is key in this role. Practice articulating your thought process when making underwriting decisions. You might be asked to explain how you would handle a specific application or communicate with customers, so being clear and concise will set you apart.
✨Show Your Problem-Solving Skills
Credit underwriting often involves identifying potential fraud and making tough decisions. Prepare examples from your past experience where you've successfully navigated complex situations. Highlighting your problem-solving abilities will showcase your value to the team.