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- Tasks: Join our team to underwrite complex deals and lead projects in Distribution Finance.
- Company: Wells Fargo is a leading financial services company committed to customer relationships and compliance.
- Benefits: Enjoy a supportive work culture with opportunities for mentorship and professional growth.
- Why this job: Be part of a dynamic team that values risk management and offers impactful career development.
- Qualifications: Experience in Distribution Finance Underwriting or equivalent through work, training, or education is required.
- Other info: This is a 12-month Fixed Term Contract based in London.
The predicted salary is between 36000 - 60000 £ per year.
Wells Fargo is seeking an experienced Underwriter to join our Distribution Finance team in London for a 12 month Fixed Term Contract. The role will serve as a key member of our client's deal team.
In this role, you will:
- Participate in underwriting more complex and structured deals including new business modifications and renewals within Distribution Finance Underwriting functional area.
- Contribute to large-scale planning related to deliverables within Distribution Finance Underwriting functional area.
- Review and research moderately complex business challenges that require an in-depth evaluation of multiple factors.
- Resolve moderately complex issues and lead a Distribution Finance Underwriting team to meet project deliverables while leveraging solid understanding of the functional area, policies, procedures, and compliance requirements.
- Collaborate and consult with Distribution Finance Underwriting peers, colleagues, and mid-level managers to resolve issues and achieve goals.
- Lead projects, teams, or serve as a mentor for less experienced individuals.
Required Qualifications:
Experience in Distribution Finance Underwriting, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Job Expectations:
- Underwrites new business opportunities in the Vendor portfolio, assessing the credit risk profile (i.e. financial and non-financial aspects) of both potential and existing customers as well as the in-life operational performance ensuring programmes are correctly structured to mitigate against potential credit and operational risks.
- Carries out rigorous annual risk reviews of existing programmes, incorporating an assessment of their credit risk as well as their in-life operational performance.
- Is the go-to-person for assigned programmes to provide advice and support as required in relation to CDF's strike zone, policies & procedures and documentation along with general Elevated Operational Risk matters.
- Is the PMU representative for their respective programmes on deal teams supporting New Relationship Development.
- Embraces Wells Fargo's Enterprise Risk Management and Compliance framework in line with Wells Fargo policies and guidelines.
- Interacts with 2nd and 3rd line of defence in a collaborative, supportive manner, addressing operational risk or audit matters quickly.
- Delivers on risk metrics, such as Key Risk Indicators, annual credit reviews, financial statement analysis and supporting Portfolio Management.
Underwriter - Wells Fargo employer: Wells Fargo
Contact Detail:
Wells Fargo Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Underwriter - Wells Fargo
✨Tip Number 1
Familiarise yourself with the specific underwriting processes and risk management frameworks used by Wells Fargo. Understanding their approach will help you speak confidently about how your experience aligns with their needs during interviews.
✨Tip Number 2
Network with current or former employees of Wells Fargo, especially those in the Distribution Finance team. They can provide valuable insights into the company culture and expectations, which can give you an edge in your application.
✨Tip Number 3
Prepare to discuss specific examples from your past experience that demonstrate your ability to handle complex underwriting scenarios. Highlighting your problem-solving skills and teamwork will resonate well with the hiring team.
✨Tip Number 4
Stay updated on industry trends and regulatory changes affecting distribution finance. Showing that you are proactive about your professional development can set you apart as a candidate who is committed to excellence in underwriting.
We think you need these skills to ace Underwriter - Wells Fargo
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Underwriter position at Wells Fargo. Tailor your application to highlight relevant experience in Distribution Finance Underwriting.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience with underwriting, credit risk assessment, and any relevant projects you've led or contributed to. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Strong Cover Letter: Write a compelling cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your values align with Wells Fargo's focus on risk management and compliance.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an Underwriter role.
How to prepare for a job interview at Wells Fargo
✨Understand the Role
Make sure you have a solid grasp of what an Underwriter does, especially in the context of Distribution Finance. Familiarise yourself with the specific responsibilities mentioned in the job description, such as assessing credit risk and leading projects.
✨Prepare for Technical Questions
Expect questions that test your knowledge of underwriting principles and risk management. Brush up on financial analysis, credit risk assessment, and compliance requirements to demonstrate your expertise.
✨Showcase Your Experience
Be ready to discuss your previous experience in underwriting or related fields. Use specific examples to illustrate how you've successfully handled complex deals or resolved issues in past roles.
✨Emphasise Collaboration Skills
Since the role involves working closely with teams and stakeholders, highlight your ability to collaborate effectively. Share examples of how you've worked with others to achieve common goals or resolve challenges.
