Credit Risk Underwriter

Ubluk; London; On-site; GBP 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a detail-oriented Underwriter to review and analyze residential real estate loan applications. In this dynamic role, you will assess the creditworthiness of applicants, ensure compliance with regulatory standards, and provide recommendations to senior management. You will collaborate with various teams to maintain accurate records and support the loan processing workflow. This position offers a unique opportunity to stay updated with industry trends while contributing to the organization's success in delivering quality financial services. If you thrive in a fast-paced environment and have a passion for finance, this role is perfect for you.

Qualifications

• Excellent analytical skills and knowledge of financial accounts are essential.
• Ability to perform under pressure while maintaining quality is crucial.

Responsibilities

• Review residential real estate loan applications and assess creditworthiness.
• Ensure compliance with company policies and regulatory requirements.

Skills

Analytical Skills

Communication Skills

Flexibility

Time Management

Tools

MS Office 365

Equation

Internet

Job description

• Review and analyze residential real estate loan applications and supporting documentation.
• Assess the creditworthiness and financial stability of loan applicants (usually Limited companies).
• Ensure compliance with all company policies and regulatory requirements (SS13/16).
• Provide detailed recommendations to the Senior Credit Manager and the Bank’s Credit Committee on the strengths and weaknesses of each application.
• Support the Credit Administration Team in preparation of the Facility Letter and other supporting documentation.
• Identify and resolve any discrepancies in documentation or information provided in support of loan applications.
• Maintain accurate records of underwriting decisions and supporting documentation.
• Collaborate with business team members to ensure smooth loan processing.
• Assist the Senior Credit Manager in management of the RRE Portfolio including analysis of the performance of existing facilities as part of the Bank’s annual review process.
• Stay up-to-date with industry trends, regulations, and best practices in mortgage underwriting.
• Provide support to the Credit Risk & Recoveries Manager in managing non-performing loans and the debt management process.
• Provide accurate Management information as required.

Required Experience, Competencies and Skills

• Excellent analytical skills and knowledge of financial accounts.
• Flexible approach to meet changing requirements and the ability to perform under pressure within time constraints.
• Ability to work under pressure without compromising quality.
• Excellent written, oral communication, and presentation skills.
• MS Office 365, Equation, Internet.
• Rating Agency reports.

Conduct rules for all staff

• Be open and cooperative with the Bank, the FCA, the PRA, and other regulators.
• Pay due regard to the interests of customers and treat them fairly.
• Observe proper standards of market conduct and business conduct.
• You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively.
• You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system.
• You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee them effectively.
• You must disclose appropriately any information of which the FCA or PRA would reasonably expect notice.
• Ensure you are trained and comply with the Bank's Policy and Procedures regarding Money Laundering detection and reporting, and that any weaknesses identified in AML Procedures and Compliance are promptly addressed.
• Ensure you are trained and comply with the Bank’s Policy and Procedures regarding Consumer Duty and also Treating Customers fairly, and ensure good customer outcomes.