At a Glance
- Tasks: Monitor credit performance, support policy design, and analyse risk trends in mortgages.
- Company: Join LiveMore, a fast-growing company transforming the mortgage industry.
- Benefits: Enjoy hybrid working, competitive salary, bonuses, and generous holiday allowance.
- Other info: Be part of a dynamic team focused on continuous improvement and innovation.
- Why this job: Make a real impact by turning NOs into YESs for customers and brokers.
- Qualifications: 5+ years in UK credit risk with strong analytical and communication skills.
The predicted salary is between 55000 - 65000 € per year.
LiveMore exists to challenge the unfair NOs in the mortgage world. That’s why our mission is to empower mortgage brokers to lend more by turning NOs into YESs and by maximising affordable borrowing. By doing that whenever we can, we help our customers live more and be ready for all that’s yet to come.
Using our unique LiveMore Mortgage Matcher® and LiveMore Maximum Borrowing Calculator decision engine technology, we excel at overcoming challenges involving affordability, risk and Consumer Duty. We innovate for customers and mortgage brokers in need, where others don’t – like with LiveMore’s current mortgages ‘up to’, ‘into’ and ‘in’ retirement.
The Credit Risk Analyst for Mortgages is responsible for:
- Monitoring portfolio credit performance, reviewing underwriting consistency, supporting credit policy and decisioning design.
- Identifying credit related opportunities for the business, providing risk analysis and making recommendations on lending outside standard criteria.
- Supporting the development and periodic review of credit risk policies, lending criteria, and funding-related risk requirements.
- Monitoring new business pipeline performance through regular MI and interaction with the sales team and identifying emerging risk trends, conversion issues and opportunities.
- Conducting detailed reviews of individual underwriting decisions to test consistency of policy application, identify judgement trends, and recommend improvements to credit controls.
- Acting as the first point of contact for applications outside normal lending criteria, undertaking risk-based assessments, and preparing recommendations for decision-makers.
- Preparing regular portfolio, policy exception, and risk trend reporting, and presenting clear insights and recommendations to senior management and relevant governance forums.
- Supporting the development and refinement of automated decisioning, risk rules, and analytics using appropriate data, modelling, and technology tools.
- Providing analysis and recommendations to support decisions on risk appetite, lending criteria, and controlled enhancements to lending policy.
- Providing guidance to junior colleagues and business teams on credit policy application, risk issues, and exception themes.
Requirements:
- Sound knowledge of mortgage products, underwriting processes, and regulatory frameworks in the UK.
- Proven experience in credit risk within the UK mortgages sector (at least 5 years demonstrable experience in a credit role).
- Strong analytical and quantitative skills, including experience with portfolio analysis, trend reporting, and risk modelling using relevant data and reporting tools.
- Excellent communication and presentation skills, with the ability to produce high-quality MI and explain complex credit issues to underwriting teams, proposition colleagues, and senior stakeholders.
- Commitment to continuous improvement and professional development within the risk management field.
Benefits include:
- Annual performance bonus (cash and growth shares).
- Hybrid working (3 days per week in office).
- 30 days’ holiday, plus UK bank holidays.
- Private health cash reimbursement plan.
- Employer pension contribution.
- Salary-sacrifice pension scheme, saving marginal rate on contributions.
- Salary-sacrifice nursery voucher scheme.
- Employee assistance programme.
Credit Risk Analyst - Business Banking in Glasgow employer: LiveMore Mortgages
LiveMore is an exceptional employer that champions innovation and growth within the mortgage sector, offering a dynamic work culture in Glasgow with hybrid working options. Employees benefit from a comprehensive package including an annual performance bonus, generous holiday allowance, and robust health and pension plans, all while being part of a mission-driven team dedicated to transforming the lending landscape. With a strong focus on professional development and continuous improvement, LiveMore provides ample opportunities for career advancement in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Analyst - Business Banking in Glasgow
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their mission and values, especially how they challenge the status quo in the mortgage world. Tailor your answers to show how you align with their goals.
✨Tip Number 3
Practice your analytical skills! Be ready to discuss your experience with credit risk and how you've tackled challenges in the past. Use real examples to demonstrate your problem-solving abilities and quantitative skills.
✨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 Risk Analyst - Business Banking in Glasgow
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the Credit Risk Analyst role. Highlight your experience in credit risk within the UK mortgages sector and showcase your analytical skills. We want to see how you can help us turn NOs into YESs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the mortgage industry and how your skills align with our mission at LiveMore. Let us know how you can contribute to our growth and innovation.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to include specific examples of your analytical and quantitative skills. Talk about your experience with portfolio analysis and risk modelling, and how you've used these skills to make impactful decisions.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get to know you better. Don’t miss out on the chance to join our team!
How to prepare for a job interview at LiveMore Mortgages
✨Know Your Numbers
As a Credit Risk Analyst, you'll need to demonstrate your strong analytical skills. Brush up on key metrics related to credit risk and mortgage products. Be ready to discuss how you've used data to make informed decisions in your previous roles.
✨Understand the Company’s Mission
LiveMore is all about turning NOs into YESs for mortgage brokers. Familiarise yourself with their mission and values. During the interview, show how your experience aligns with their goal of maximising affordable borrowing and supporting customers.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities. Prepare examples where you identified credit-related opportunities or made recommendations based on risk analysis. Use the STAR method (Situation, Task, Action, Result) to structure your responses.
✨Showcase Your Communication Skills
You'll need to present complex credit issues clearly to various stakeholders. Practice explaining technical concepts in simple terms. Bring along examples of reports or presentations you've created to illustrate your ability to communicate effectively.
