Senior Second-Line Credit Underwriter, London

ETRA Talent; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

ETRA Talent is recruiting for experienced Second Line Credit Underwriters to strengthen credit risk functions in London. You will independently assess credit risk across corporate and financial institution portfolios and provide robust recommendations.

The roles emphasize independent challenge, prudent risk management and collaboration with Relationship Managers to support sound lending decisions in established banking environments.

Qualifications

• Proven experience in Credit Risk, Credit Underwriting or Credit Analysis within a banking environment.
• Demonstrable experience in a second line of defence function, providing independent credit assessment, oversight and challenge.
• Strong experience assessing corporate and/or financial institution credit exposures.
• Excellent financial statement analysis, credit risk assessment and risk rating capabilities.
• Experience reviewing lending proposals, credit facilities and borrower risk profiles.

Responsibilities

• Conduct independent second-line reviews of new and existing credit applications across corporate and financial institution portfolios.
• Undertake detailed financial analysis, assessing borrower financial performance, repayment capacity, business models, transactional structures and wider credit risks.
• Prepare clear, objective and well-supported credit recommendations for senior management and Credit Committee consideration.
• Review credit proposals to ensure lending decisions align with established credit policies, risk appetite frameworks and regulatory requirements.
• Assess and challenge credit risk ratings, financial analysis and borrower risk classifications to ensure they reflect underlying risk.
• Monitor existing credit portfolios, identify emerging risks and deterioration in asset quality, and recommend mitigating actions.
• Evaluate lending exposures across corporate banking, trade finance, receivables/payables financing, asset-backed finance and real estate lending.
• Review financial covenants, facility structures, exposure limits and compliance with agreed credit terms.
• Contribute to portfolio reviews, IFRS 9 assessments, credit policy enhancements and risk management initiatives.
• Work collaboratively with Relationship Managers and other control functions, providing constructive challenge while supporting sound commercial decisions.

Skills

Credit Risk

Credit Underwriting

Second Line Defence

Financial Analysis

Stakeholder Communication

Education

Bachelor's degree in Finance/Economics

CFA / FRM or related qualification (beneficial)

Job description

ETRA Talent is recruiting for experienced Second Line Credit Underwriters to strengthen credit risk functions in London. You will independently assess credit risk across corporate and financial institution portfolios and provide robust recommendations.

The roles emphasize independent challenge, prudent risk management and collaboration with Relationship Managers to support sound lending decisions in established banking environments.