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Underwriter (Business)
Posted on 5/16/2022
INACTIVE
Locations
Chicago, IL, USA
Experience Level
Entry
Junior
Mid
Senior
Expert
Desired Skills
Data Analysis
Management
R
SQL
Python
Requirements
  • Proven track record of managing through the credit risk cycle for Business credit products like business loans, merchant acquiring, FX forwards products, etc. Revolut will look at experience outside of these products on a case by case basis
  • A bachelor's degree (preferably Masters or higher) in an quantitative/analytical stream like engineering, statistics, Physics, math, economics or management degree from a top university
  • Solid understanding of credit policy governance framework and is able to work through the 2nd/3rd line of defence in a competent manner
  • Previous experience in helping to improve or launch new credit products from inception through to live, including working through stakeholder engagement at all levels
  • Excellent results that exceeds requirements, plans appropriately to meet multiple objectives and is forward thinking on inter-dependencies to proactively identify and resolve issues
  • An understanding of new approaches to business scoring models, as well as behavioural methods beneficial
  • Experience in documenting each application merits in a clear and concise manner. Utilising structure to be able to explain complex concepts in a simple manner
  • Deep thinker attitude to be capable of processing a lot of information towards most optimal decision making
  • Understanding of the value of speed to market and is able to balance between elegant problem solving and business need of the hour
  • Working knowledge of SQL, R and Python etc preferable & other data analysis tools and also willing to learn new technology to help business scale
Responsibilities
  • Reviewing in-bound applications for business facilities across a number of products, with the need to clearly rationalise the risk/reward balance for each instance. General knowledge of financial accounting and key company creditworthiness metrics
  • Articulating key commercial risk management considerations with a strong understanding of fraud risk management controls and how these incorporate into Business credit underwriting decisions
  • Assisting with improving business credit risk underwriting policies and contributing to the Key Risk Indicators (KRI) for business credit applications and portfolio monitoring
  • Ensuring KPIs on credit underwriting are met which include individual Service Level Agreement, approval rates, and decline rates. Strong financial and commercial business acumen in reviewing and structuring deals
  • Building and maintaining internal relationships with our product stakeholders, ensuring there is a strong feedback loop on the continuous monitoring of the initiatives, with a view of driving insights on product adaptations. Utilising these relationships to partner with the business to coordinate and prioritise product adaptations
  • Assisting with drafting policies and procedures for various Business credit products
  • Identifying operational inefficiencies and manage the implementation of big and small scale changes within the Credit function
  • Constantly looking at the credit strategy to see ways to harmonise risk mitigation whilst reducing client friction and ensuring a positive experience for our Business customers
  • Ensuring continuous monitoring and validation of the credit decision outcomes and MIS availability
  • Providing advice, coaching, development and guidance for colleagues across the business as well as team members on our risk parameters
  • Leading the initiative for preventive and reactive actions towards any micro and macro factors impacting portfolio credit performance and profitability
  • Ensuring approval and good rating of first line credit risk function from second line, third line and regulators
Revolut

1,001-5,000 employees

Financial technology
Company Overview
Revolut's mission is to help their customers improve their financial health, empower them to have more control, and promote financial cohesion across the communities in which they operate.
Benefits
  • You’ll get to work in one of the hottest and fastest growing tech startups in the world right now
  • We’ll arm you with all of the latest tech equipment
  • Competitive salary
  • Competitive 401(k) plan
  • Competitive vacation policy
  • Flexible work hours
Company Core Values
  • Think deeper
  • Never settle
  • Think deeper
  • Get it done
  • Deliver wow