At a Glance
- 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.
- Other info: Collaborate with diverse teams and participate in continuous improvement initiatives.
- Why this job: Make impactful decisions that enhance customer experiences and maintain financial integrity.
- Qualifications: Experience in credit underwriting and strong analytical skills required.
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
Join a pioneering organisation at the forefront of legal tech transformation, where you can thrive in a flexible hybrid working environment across the UK. With a strong emphasis on innovation and inclusion, you'll benefit from competitive remuneration, comprehensive healthcare, generous holiday allowances, and continuous professional development opportunities. This is not just a job; it's a chance to make a meaningful impact while enjoying a supportive work culture that prioritises your well-being and career growth.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Underwriter
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like InterQuest Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Credit Underwriter
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to InterQuest Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on InterQuest Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at InterQuest Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with InterQuest Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at InterQuest Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former InterQuest Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
