At a Glance
- Tasks: Make impactful decisions on new applicants and optimise underwriting processes.
- Company: Join JP Morgan Chase & Co., a leader in financial services with a start-up vibe.
- Benefits: Gain valuable experience, competitive pay, and opportunities for professional growth.
- Other info: Work in a fast-paced environment with a focus on innovation and collaboration.
- Why this job: Be part of a dynamic team shaping the future of digital finance.
- Qualifications: Experience in financial underwriting and a passion for customer service.
The predicted salary is between 35000 - 45000 € per year.
At Chase we believe in doing things differently, with our customers at the forefront of our mindset. As an Underwriting Analyst within the Credit Risk and Lending Product team, you will play a pivotal role in making equitable decisions for new applicants as we expand and scale our business. This dynamic position will allow you to provide direct feedback to optimize our processes. This role presents a unique opportunity to contribute to the development of digital products and services on a global scale in a start-up environment, supported by one of the world's leading financial services providers, JP Morgan Chase & Co.
Job responsibilities:
- Ensuring referred applications or appeals are underwritten optimally, while working within our Credit Risk mandates and ensuring the team operates within the service level agreements.
- Provide subject matter expertise and use keen investigative skills to resolve complex onboarding queries and lending complaints.
- Support new product design and process optimization by continually identifying areas where we can improve.
- Understand the consumer finance market to assist with lending decisions.
- Understand complex cases and continually observe for additional red flags (such as potential first party fraud indicators).
- Keep detailed and accurate records of the underwriting decisions and articulate clearly why decisions have been made.
- Adhere to the FCA Conduct Rules.
Required qualifications, capabilities, and skills:
- Strong understanding of the underwriting processes and procedures with a focus on new business applications.
- Experience of financial underwriting within a regulated FCA environment, with a strong customer service background (1 year minimum).
- Experience of working on your own initiative and prioritising tasks to reflect the impact on the business.
- Genuine interest in regulation and ability to interpret changes as they occur.
- Strong knowledge of CONC and TCF principles and how to apply them to ensure adherence with FCA guidelines.
- Ability to lead by example and skilled at partnering with stakeholders.
Underwriting Analyst in Edinburgh employer: JPMorganChase
At Chase, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to make impactful decisions. As an Underwriting Analyst, you will benefit from extensive professional development opportunities while working in a dynamic start-up environment backed by the global expertise of JP Morgan Chase & Co. Our commitment to equitable practices and customer-centric solutions makes us an exceptional employer for those seeking meaningful and rewarding careers in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Underwriting Analyst in Edinburgh
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Chase on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by understanding the underwriting process inside out. Brush up on FCA guidelines and be ready to discuss how you can optimise processes. Show them you’re not just a candidate, but a solution!
✨Tip Number 3
Practice your STAR technique for answering behavioural questions. Think of specific examples from your experience that highlight your skills in financial underwriting and customer service. We want to see how you’ve tackled challenges before!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the team at Chase. Let’s get you that Underwriting Analyst role!
We think you need these skills to ace Underwriting Analyst in Edinburgh
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Underwriting Analyst role. Highlight your experience in financial underwriting and any relevant skills that align with the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background fits with our mission at Chase. Be genuine and let your personality come through – we love that!
Showcase Your Skills:In your application, don’t forget to showcase your investigative skills and understanding of the underwriting processes. Give us examples of how you've resolved complex queries or improved processes in the past. We’re all about making things better!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy – just follow the prompts and you’ll be set!
How to prepare for a job interview at JPMorganChase
✨Know Your Underwriting Inside Out
Make sure you brush up on your understanding of underwriting processes and procedures, especially in a regulated FCA environment. Be ready to discuss specific examples from your experience that demonstrate your expertise and how you've applied it in real-world scenarios.
✨Showcase Your Investigative Skills
Prepare to talk about complex cases you've handled in the past. Highlight your keen investigative skills and how you've resolved onboarding queries or lending complaints. This will show that you can think critically and act decisively, which is crucial for the role.
✨Understand the Consumer Finance Market
Familiarise yourself with current trends and regulations in the consumer finance market. Being able to discuss how these factors influence lending decisions will impress your interviewers and demonstrate your genuine interest in the field.
✨Communicate Clearly and Confidently
Practice articulating your thought process behind underwriting decisions. Clear communication is key, so be prepared to explain why you made certain choices and how they align with FCA guidelines. This will showcase your ability to lead by example and partner effectively with stakeholders.
