Chief Underwriter, Secured Underwriting

Recruiter
Pertemps Managed Solutions
Location
Edinburgh
Salary
36050.0000
Posted
16 Apr 2017
Closes
16 May 2017
Contract Type
Permanent
Hours
Full Time
Hello, we're TSB, and we're different from other banks.

We don't do investment banking, overseas speculation or big corporate finance. We just serve individuals and local business customers – we call it 'local banking'.

The purpose of the role is to hold and utilise a lending mandate and to operate this mandate as defined by Credit Risk to protect the quality of the TSB mortgage book and support responsible lending.

The role relates to both standard and buy to let mortgages. Recent Regulation changes require commercial type underwriting for ‘landlord' BTL mortgages – the role requires this knowledge and capability as well as the ability to take decisions on large value mortgage applications.

Key Accountabilities include:

Underwrite TSB mortgage referrals and responsibility for performance of loans within your mandate (up to £1m dependent on experience)

Maintain and demonstrate awareness of external factors and market conditions which may affect underwriting decision making.

Ensure compliance with appropriate regulation (Financial Conduct Authority / Prudential Regulation Authority)

Identify legal related matters that compromise the business position, liaising with legal to ensure satisfactory outcome.

Maintain accurate, legible and relevant records to provide a clear audit trail and ensure decisions are justifiable, clearly explained and documented.

Operate within TSB risk appetite, defined by Credit Risk, with consideration of Financial Crime / FCA / PRU regulation (including responsible lending) / Legal constraints / Reputational risk, demonstrating an ability to identify and investigate potential fraud and financial crime.

Review appeals on underwriting decisions and provide a second, independent decision and progress to resolution, building and maintaining positive working relationships with key stakeholders.

Act as a point of reference for colleague queries, providing encouragement and direction where appropriate to support shared learning across the Underwriting team.

Provide coaching, training and support to the underwriting team and feedback to the Senior Manager on individual or systemic issues.

Provide support to underwriter related projects as required.

The person we are looking for will have the following skills and experience:

Strong underwriting and credit risk background including commercial lending experience

Able to demonstrate effective commercial judgement.

Strong communication skills to build stakeholder relationships

Able to use commercial and industry experience to build capability across the team.

Able to drive and deliver on innovative solutions which support and add value to the business

Have a good understanding of the credit risk lifecycle and in particular have an appreciation of the potential impact of an economic downturn on the bank's customer base.

Have already held a full discretion lending mandate of at least £500,000 for five years