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 helping customers secure affordable borrowing solutions.
- 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 - Financial Services in Glasgow employer: LiveMore Mortgages
LiveMore is an exceptional employer that champions innovation and growth within the financial services sector, particularly in mortgage lending. With a commitment to empowering employees through continuous professional development, a supportive hybrid work culture, and a comprehensive benefits package including generous holiday allowances and health reimbursement plans, LiveMore fosters an environment where talent thrives. Located in Glasgow, the company not only offers competitive remuneration but also the opportunity to be part of a rapidly growing organisation recognised as one of the Top 100 Fastest Growing Companies in the UK.
StudySmarter Expert Advice🤫
We think this is how you could land Credit Risk Analyst - Financial Services in Glasgow
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Credit Risk Analyst role.
✨Tip Number 2
Prepare for interviews by practising common questions related to credit risk and mortgage products. We recommend doing mock interviews with friends or using online resources to get comfortable discussing your experience and skills.
✨Tip Number 3
Showcase your analytical skills! Bring examples of your portfolio analysis and trend reporting to the interview. We want to see how you’ve tackled complex credit issues and made recommendations in the past.
✨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 genuinely interested in joining our mission to turn NOs into YESs.
We think you need these skills to ace Credit Risk Analyst - Financial Services 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, especially within the UK mortgage 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 role and how your background aligns with our mission at LiveMore. Let us know how you can contribute to our innovative approach in the mortgage world.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, make sure to include specific examples of your analytical work. Whether it's portfolio analysis or trend reporting, we want to see how you've used data to drive decisions in your previous roles.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us. Plus, it shows you're keen on joining 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 unique offerings like the Mortgage Matcher® and Maximum Borrowing Calculator. Show them that you not only understand their mission but are also passionate about it.
✨Prepare for Scenario Questions
Expect questions that assess your ability to handle underwriting decisions outside standard criteria. Think of examples from your past experience where you identified risks and made recommendations. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Communicate Clearly
You’ll need to explain complex credit issues to various stakeholders. Practice articulating your thoughts clearly and concisely. Consider doing mock interviews with a friend or colleague to refine your communication skills and ensure you can present your insights effectively.
