Credit Underwriter
JOB PURPOSE
Credit underwriter will be a key interface in the creation and delivery of credit products and solutions and will also interact with Second line Risk Management – Credit on a regular basis, quickly ensuring a broad knowledge of risk management policies and the Bank’s lending practices. Credit Underwriter will work closely with Branch and Relationship Managers to assess clients’ credit requirements, to manufacture credit solutions that meet those requirements.
Work closely with Branch/Relationship managers, Risk Management and other key Bank partners in identifying, structuring, analysing, negotiating, documenting, delivering and monitoring credit solutions in addition to the retention of facilities in the existing credit book.
Responsible for underwriting BTL/Commercial loans and presentations Credit Committee.
Completes annual reviews, modifications, extensions, renewals, and new loan requests for customers with minimal required changes from the credit approvers
Continuous focus on on-going process improvement to improve efficiencies and the Bank’s ability to compete and win vs our competitors. Implementation of streamlining, automation or otherwise improve existing processes and practices. Particular focus on speed and quality of decision making in credit underwriting process.
Ensure effective collaboration between teams including Branch/Relationship managers and Risk Management.
Management of risk, pricing of transactions and profitability of credit book within geographical target parameters.
Able to demonstrate good knowledge of filing system
Provide reports on portfolio, identify and recommend risk mitigation actions through ongoing surveillance of portfolio.
Able to complete credit portfolio weekly/monthly reportings.
Identify and implement opportunities for improved business operations, partnerships and client satisfaction. Ensure continued alignment of the credit portfolio with and risk strategies and the Bank’s risk policies and procedures. Frequently involved in working with other teams within the business to help grow the credit book.
Strong “outside the box” thinker and attention to details who can work with clients and Branch/Relationship Managers to structure optimum credit solutions within the Bank’s risk appetite and lending parameters. Work with other members of the credit team to help structure transactions and ensure that credit facilities are underwritten to a high standard.
Responsible for all internal credit correspondence originated by their team, including transactions, the ongoing risk analysis of the borrower and the transaction, customer rating assessment and recommendation. Work with internal partners to implement controls and meet monitoring conditions.
Demonstrate a good credit underwriting knowledge
EXPERIENCE / SKILLS / KNOWLEDGE
Minimum of 2-5 years credit experience.
Sound knowledge of general banking, relevant regulatory requirements, the Banking Act and Code of Practice.
Sound credit judgement.
A responsible, enthusiastic, self-motivated and flexible approach to work
A demonstrable ability to work carefully and accurately at all times.
Knowledge and understanding of relevant risk, compliance and audit standards.
Excellent Microsoft Office Skills
Advanced Excel skill, ideally VBA knowledge
Good data analysis skills
Microsoft Power BI knowledge
EQUAL OPPORTUNITIES
To be able to demonstrate a commitment to the principles of the Bank’s Equal Opportunities and to be able to carry out duties in accordance with this policy.
KEY COMPETENCIES
Treating Customers Fairly (TCF)
All staff must be aware and understand the FCA’s requirements regarding Treating Customers Fairly (TCF) incorporated in the Bank’s Policy and remain committed to ensuring the 6 outcomes are achieved.
It is the duty of the Executive and Senior Management to ensure day-to-day activities are performed to agreed service standards where applicable, and in accordance with all policies and procedures prescribed by the Board.
It is the duty of the Directors of the Bank, the Executive and Senior Management to set and be seen to set the highest ethical standards, maintaining professional integrity and avoiding situations that could lead to a conflict of interest.
Fraud Prevention Policy statement No.18
All management and staff must be alert to the possibility of fraud, ensuring that no action is undertaken on behalf of the Bank or a customer without a clear understanding of the purpose and background to the transaction.
Attention to Detail
Ensures that information is correctly processed and that work complies with relevant internal/external rules, procedures and regulatory requirements.
Team Work
Works co-operatively with others; openly exchanging information where appropriate and supporting colleagues to achieve departmental goals.
Planning and Control
Achieves departmental goals by establishing priorities and managing time efficiently.
Leading others
Builds successful and motivated teams who consistently excel in the achievement of business goals. Commits time and effort to coach others in new processes or techniques, providing honest and constructive feedback.
Making good decisions
Selects the best course of action based on the available information and accepts personal responsibility for the outcome.
Bringing innovation to problem solving.
Continuously improves the business by generating new and practical ways of doing things in order to solve problems and gain competitive advantage.
Adapting to change and uncertainty
Improves personal effectiveness in response to changes at work by identifying new learning and self- development opportunities that arise from the change and working towards them.
Training and Competence
Keep up to date with relevant developments in corporate governance, the Banks’ credit policies, credit models and Anti- Money Laundering and Countering Terrorist Financing matters by taking annual tests as required.
Complete all mandatory credit trainings and internal credit certification of the Bank.
Self-Motivation
Carry out every task set to the best of your ability, looking for ways to improve performance and standards, setting personal goals at or beyond business expectations.
PERFORMANCE MEASURES
- Deep understanding of credit underwriting requirements
- Timely submission of internal & external reports.
- Timely completion of own and departmental work
- Adherence to procedures and regulations
- Contribution to the Bank’s objectives
- Contribution to continuous improvement
OTHER RESPONSIBILITIES
Carry out any other duty as required by Head of Credit, including, but not limited to:
Financial Crime Compliance
Ensures that every process and control in the role and duties have been considered from a financial crime perspective as part of the day to day responsibilities, and to report any financial crime matters to the MLRO.
Individual conduct rules and accountability (COCON)
Maintain awareness of the individual conduct rules and comply with them when performing the role.
For further information, please contact:
Enrico Castagnetti, Wintermann Search & Selection Limited
Email: enrico@wintermann.co.uk
Unfortunately, due to the high volume of applications, we are unable to respond to all candidates. If you are successful, a member of the team will contact you directly. If you do not hear from us, please assume that your application has been unsuccessful.
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