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- Tasks: Review retail loan and savings applications while ensuring compliance with regulations.
- Company: Join an international bank committed to maintaining a strong risk framework.
- Benefits: Enjoy flexible working hours, including evening and weekend shifts.
- Why this job: Make impactful decisions that enhance customer experience and contribute to financial integrity.
- Qualifications: Experience in Credit Underwriting and strong analytical skills are essential.
- Other info: Immediate start required; perfect for those ready to jump into the finance world.
The predicted salary is between 36000 - 60000 £ per year.
Recruitment Consultant- Risk, Regulation and ComplianceInterQuest 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 levelAssociateEmployment typeFull-timeJob functionFinance #J-18808-Ljbffr
Credit Underwriter employer: JobLeads GmbH
Contact Detail:
JobLeads GmbH 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 compliance standards in the financial sector. Understanding FCA guidelines and how they apply to credit underwriting will give you an edge during interviews.
✨Tip Number 2
Brush up on your analytical skills by practising with real-life case studies or scenarios related to credit assessments. Being able to demonstrate your thought process and decision-making skills can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the finance industry, especially those working in credit underwriting. Engaging in conversations can provide insights into the role and may even lead to referrals or recommendations.
✨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 showcase your readiness for the role.
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: Customise your CV to highlight relevant experience in credit underwriting and any background in FCA-regulated environments. Emphasise your analytical skills and attention to detail, as these are crucial for the role.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and your passion for risk management. Mention specific experiences that demonstrate your ability to make informed underwriting decisions and communicate effectively with customers.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is essential for a Credit Underwriter.
How to prepare for a job interview at JobLeads GmbH
✨Know Your Numbers
As a Credit Underwriter, you'll be dealing with financial data daily. Brush up on your understanding of credit scores, income verification processes, and affordability assessments. Being able to discuss these confidently will show your expertise.
✨Understand Regulatory Frameworks
Familiarise yourself with the FCA regulations and any other relevant compliance guidelines. Demonstrating knowledge of these frameworks during your interview will highlight your readiness for the role and your commitment to maintaining compliance.
✨Prepare for Scenario Questions
Expect questions that assess your decision-making skills in real-life scenarios. Think about past experiences where you had to make tough underwriting decisions and be ready to explain your thought process and the outcomes.
✨Showcase Your Communication Skills
Effective communication is key in this role, especially when liaising with customers and retail partners. Prepare examples of how you've successfully communicated complex information in the past, as this will demonstrate your ability to enhance the customer experience.
