Retail Underwriting Team Leader

Momenta Group Global; Milton Keynes; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial services resourcing company is seeking a Team Leader to manage a team of Credit Underwriters in Milton Keynes. The role involves ensuring accurate lending decisions by guiding team members through assessments of credit applications and maintaining compliance with regulatory standards. Candidates should have strong team management experience in a financial services environment. This hybrid position allows for flexible work after initial training.

Qualifications

• Previous team management experience within financial services.
• Strong understanding of credit risk principles.
• Working knowledge of consumer lending environments preferred.

Responsibilities

• Manage and guide a team of credit professionals.
• Oversee assessment of customer data including credit reports.
• Ensure adherence to internal income and expenditure models.

Skills

Team management experience

Knowledge of retail finance underwriting

Understanding of UK regulation

Analytical and decision-making abilities

Strong communication skills

Collaboration with team members

Job description

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.

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• 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.