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- Tasks: Lead a team of Credit Underwriters in assessing retail credit applications.
- Company: Join Momenta, a leading UK financial services resourcing business.
- Benefits: Enjoy hybrid working options and opportunities for career development.
- Why this job: Be part of a high-quality team making impactful lending decisions.
- Qualifications: Previous team management experience in financial services is essential.
- Other info: Initial training in the office, then flexible hybrid work.
The predicted salary is between 36000 - 60000 £ per year.
Our client is seeking a Team Leader to manage a team of Credit Underwriters in their affordability department. The team 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:
- Provide day-to-day guidance, support, and oversight to team members to ensure high performance and adherence to quality standards
- Manage a team of credit professionals responsible for assessing customer data including credit reports, open banking reports, payslips, and bank statements
- Oversee the team’s analysis of income, expenditure, and financial vulnerabilities to ensure accurate and fair lending decisions
- Ensure team adherence to internal income and expenditure models, guiding appropriate escalation of cases to senior underwriters
- Drive operational excellence by maintaining high standards in documentation review, ensuring accuracy, completeness, and compliance with company policies and regulatory standards
- Act as the escalation point for complex or sensitive internal and external queries, ensuring issues are resolved effectively and efficiently
Essential skills & experience required:
- Previous team management experience within a financial services based credit or lending environment is essential
- Excellent working knowledge of retail finance underwriting
- 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
- Strong analytical and decision-making abilities, with the capability to manage complex or high-risk cases
- Confident communicator, both written and verbal, with the ability to influence and collaborate across departments
- 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.
- Location: Hybrid/Milton Keynes (First week in office for training and then 1-2 days per week in office – this could be flexible, dependent on experience)
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 Underwriting Team Leader employer: Momenta Group Global
Contact Detail:
Momenta Group Global Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Retail Underwriting Team Leader
✨Tip Number 1
Familiarise yourself with the latest UK regulations and credit risk principles. Understanding these will not only help you in interviews but also demonstrate your commitment to compliance and quality lending decisions.
✨Tip Number 2
Brush up on your analytical skills, especially in assessing income and expenditure. Being able to discuss specific examples of how you've managed complex cases or high-risk situations will set you apart from other candidates.
✨Tip Number 3
Prepare to showcase your team management experience. Think of instances where you've successfully guided a team through challenges, ensuring high performance and adherence to quality standards, as this is crucial for the role.
✨Tip Number 4
Practice your communication skills, both written and verbal. Be ready to explain how you've influenced and collaborated with different departments in previous roles, as strong communication is key for this position.
We think you need these skills to ace Retail Underwriting Team Leader
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your previous team management experience in a financial services environment. Emphasise your knowledge of retail finance underwriting and any relevant regulatory frameworks.
Craft a Compelling Cover Letter: In your cover letter, explain why you are passionate about the role of Team Leader in credit underwriting. Mention specific examples of how you've successfully managed teams and ensured high performance in past roles.
Showcase Analytical Skills: Provide examples in your application that demonstrate your strong analytical and decision-making abilities. Highlight any experiences where you managed complex or high-risk cases effectively.
Highlight Communication Skills: Since the role requires confident communication, ensure your application reflects your ability to influence and collaborate across departments. Use clear and concise language to convey your points.
How to prepare for a job interview at Momenta Group Global
✨Showcase Your Team Management Skills
As a Team Leader, your ability to manage and guide a team is crucial. Be prepared to discuss your previous experience in team management, highlighting specific examples of how you've supported team members and driven performance.
✨Demonstrate Your Knowledge of Underwriting
Familiarise yourself with retail finance underwriting principles and UK regulations. During the interview, be ready to explain how you apply these principles in assessing credit applications and ensuring compliance with lending standards.
✨Prepare for Scenario-Based Questions
Expect questions that assess your analytical and decision-making abilities. Prepare to discuss how you would handle complex or high-risk cases, including the steps you would take to ensure fair lending decisions.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and confidently, both verbally and in writing. Be ready to demonstrate how you can influence and collaborate with colleagues across departments.