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- Tasks: Assess retail credit applications and analyse customer data for lending decisions.
- Company: Join Momenta, a leading financial services resourcing business in the UK.
- Benefits: Gain career development opportunities and work in a supportive team environment.
- Why this job: Make a real impact on customer outcomes while honing your analytical skills.
- Qualifications: 1+ years in credit or lending roles; strong understanding of UK regulations required.
- Other info: Be vigilant against recruitment scams; apply through official channels only.
The predicted salary is between 36000 - 60000 £ per year.
Our client is seeking Credit Analysts to join their affordability team where you will be responsible for assessing retail credit applications supported by creditworthiness and affordability data to determine lending decisions, ensuring credit is affordable and results in good customer outcomes.
Successful candidates will be working with a high level of accuracy to prescribed processes and strict deadlines as part of a high-quality team.
Responsibilities:
- Interpret and analyse customer data such as credit report, open banking reports and/or payslips and bank statements to identify and validate income and expenditure
- Analyse the data to identify any key financial vulnerabilities
- Utilise internal income and expenditure models to form a lending decision and progress the decision to either approve or refer to a senior underwriter as appropriate
- Review and verify customer documentation, ensuring accuracy and completeness in accordance with company policies and regulatory standards
- Handle queries and escalations internally and externally in a proactive and solution-orientated manner
- Work closely with colleagues across the credit and sales teams to ensure clear understanding and communication of credit processes and requirements
Essential skills & experience required:
- Minimum of 1 years’ experience in a credit or lending based role within the financial services sector
- A strong understanding of UK regulation, credit risk principles and risk assessment considerations
- Working knowledge of consumer lending environments and CONC 5 is highly desirable
- Excellent analytical and problem-solving skills with the ability to make informed decisions based on data and regulatory guidelines
- Strong communication skills, both written and verbal with the ability to present findings clearly and concisely
- A team player who can collaborate with team members and wider colleagues across the business
To express your interest in this opportunity, don’t delay; please click apply now.
Momenta are aware of the rise in recruitment phishing scams. Please be vigilant with the information you share. Momenta will never contact you from a personal generic email address such as Gmail, Hotmail or Yahoo. We will not request personal information via text or WhatsApp. Momenta will only ever ask you to add your personal information/supporting documentation to the Momenta People portal. If in doubt, contact us directly before submitting any details or providing documentation.
Momenta are a UK market leading financial services resourcing business. Momenta have excellent opportunities to develop and enhance your career within the financial services industry. If you have the skills and experience for this exciting role then apply today and don’t miss out on this exceptional opportunity to join the company that provides quality resource, consulting expertise and people development for financial services companies in the UK.
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Retail Credit Analyst employer: Momenta Group Global
Contact Detail:
Momenta Group Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Credit Analyst
✨Tip Number 1
Familiarise yourself with UK credit regulations and the CONC 5 guidelines. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance and customer outcomes.
✨Tip Number 2
Brush up on your analytical skills by practising with real-life data sets. Being able to interpret and analyse financial documents like payslips and bank statements will give you a significant edge during assessments.
✨Tip Number 3
Network with professionals in the financial services sector, especially those working in credit analysis. Engaging with them can provide insights into the role and may even lead to referrals or recommendations.
✨Tip Number 4
Prepare for potential interview questions by thinking about how you would handle specific scenarios related to credit assessment. This will showcase your problem-solving abilities and readiness for the role.
We think you need these skills to ace Retail Credit Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Retail Credit Analyst. Familiarise yourself with key terms like creditworthiness, affordability data, and lending decisions to tailor your application effectively.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in credit or lending roles within the financial services sector. Mention specific examples where you've successfully analysed customer data or made informed lending decisions.
Showcase Analytical Skills: Demonstrate your analytical and problem-solving skills in your application. Provide examples of how you've used data to identify financial vulnerabilities or make decisions based on regulatory guidelines.
Communicate Clearly: Ensure your written communication is clear and concise. Use straightforward language to present your findings and experiences, as strong communication skills are essential for this role.
How to prepare for a job interview at Momenta Group Global
✨Know Your Numbers
As a Retail Credit Analyst, you'll be dealing with financial data daily. Brush up on your understanding of credit reports, open banking reports, and payslips. Be prepared to discuss how you interpret these documents and what key indicators you look for when assessing creditworthiness.
✨Understand Regulatory Standards
Familiarise yourself with UK regulations and the principles of credit risk assessment. Be ready to explain how these regulations influence your decision-making process. Showing that you understand CONC 5 and other relevant guidelines will demonstrate your expertise in the field.
✨Demonstrate Analytical Skills
Prepare to showcase your analytical and problem-solving skills during the interview. You might be asked to analyse a hypothetical scenario or case study. Practice articulating your thought process clearly and concisely, as this is crucial for making informed lending decisions.
✨Communicate Effectively
Strong communication skills are essential for this role. Be ready to discuss how you would handle queries and escalations. Practise presenting your findings in a clear manner, as you may need to explain complex information to colleagues or clients who may not have a financial background.
