Grow with UTB

This is a hybrid role – 3 days in the office (City of London location) and 2 days working from home.

Role Purpose: 

• Manage day to day underwriting workflow:  Lead, manage, coach, & develop team of 8 underwriters.  Manage transaction workflow.  Deliver high service levels to brokers.  Champion direct to broker communication

• Oversee Portfolio Risk & credit appetite & strategy: Oversee portfolio risk, identify trends, adjust underwriting accordingly.  Review & enhance AF credit policy & Lending procedures & ensure the AF credit teamwork within this framework and deliver best practice around compliance and regulatory matters.

Responsibilities: 

Manage Underwriting Workflow:

• Manage the AF underwriting team (circa 9) by training, coaching and mentoring to make sure colleagues are technically and practically competent
• Monitor and provide guidance on staffing levels relative to service levels, business demands and quality
• Report to the HoAF and BMC on the performance of the Underwriting and other Credit risk functions against the risk appetite
• Manage the team to ensure delivery against the credit policy & other relevant procedures including financial crime, KYC, and customer on-boarding
• Monitor business performance and team productivity.
• Provide regular clear reporting to HoAF and other stakeholders on business and team performance against business objectives.
• Maintain and develop own skills, knowledge and behaviours whilst maintaining awareness of industry and regulatory standard and changes
• At peak periods, where possible, lead by example and support the team by underwriting transactions
• Lead Underwriting change management projects in support of business objectives
• Support the wider AF management on process and operational improvements

Oversee Portfolio Risk & credit appetite & strategy:

• Oversee portfolio risk, identify trends, and adjust front line underwriting approach accordingly.  Improve the existing approach to managing and reporting against portfolio risk
• Lead risk section of monthly governance meeting
• Work with Risk & Compliance function to ensure effective quality assurance processes, which evidence compliance with all legal and regulatory requirements
• Lead project to deliver rules-based automation in underwriting by working with head of ops and change team.  Manage stakeholder engagement with 2nd line risk
• Support the development of new products from a credit risk perspective.
• Deliver 1st line Credit QA
• Ownership of any updates to credit policy and lending procedures including roll-out to the business and ongoing adherence by the team
• As part of the AF senior management team you will be expected to participate in monthly management meetings, provide input into the budgeting process, and act as a brand ambassador for UTB in the AF market
• Attend relevant FLA risk meetings
• Oversight of Block from a credit risk perspective

Skills and Experience sought:

• Demonstrable AF experience with an emphasis on hard asset underwriting
• Good knowledge of block discounting
• Experience of rules based automated credit decisioning
• Minimum 3 years’ experience in a senior credit role
• Minimum 3 years people management experience
• Qualified in credit management
• Experience working / presenting at exco level
• Strong IT skills and awareness of emerging technologies
• Experience of auto-decisioning frameworks preferred.
• Experience preparing credit papers and an in analysing financial information.
• Highly organised with excellent time management skills, with the ability to work under pressure to tight timescales whilst paying attention to detail. years proven experience in in a senior credit role

UTB is a dynamic and expanding specialist bank that provides solutions to our customers and brokers, which help them achieve their ambitions. Recognised as being one of the most dependable and well-respected Specialist Banks in the UK, we were delighted to see our balance sheet exceed the £2bn mark in 2022.

Exceptional customer service and the ability to provide rewarding deposits accounts and flexible lending solutions have helped us to develop productive and enduring relationships with our customers. We understand that their success is our success and that the quality of our people and teams, is key to delivering special outcomes for them.

We also understand that the performance of our people is directly linked to the culture in which they work. There is a strong sense of community at UTB and as well as promoting a clear set of internal values, and providing a wealth of facilities for training, personal development, and team building, we run a busy and varied calendar of engagement and social activity. Typical recent examples include: Pizza Lunch Days and Coffee Catch-ups; London Marathon and Sahara Challenge Sponsorships; Success Sharing and Value Awards; and Awesome Autumn social events ranging from Theatre Trips, Cocktail Mixology, and Cookery Classes, to Go-karting, Mini Golf and Clay pigeon shooting.

• Competitive Salary and Bonus package
• 26 Days Holiday
• 2 Wellbeing Days
• Contributory Pension
• Life Insurance / Income Protection / Critical Illness cover
• Private Medical Insurance
• Season Ticket Loans
• Excellent career development opportunities and where appropriate sponsorship of a relevant qualification

Thank you for your interest in our current vacancy. Please click the link below to complete your online application.

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