Trainee Risk & Underwriting Analyst
Location: Southampton, with flexibility to work from home following the initial training period (minimum 3 days in the office)
Hours: 37.5 Hours a week
Contract Type: Full-time / Permanent
Salary: £25,095 - £28,000 (D.O.E)
About the Role
Our client, a leading financial services company, is looking for a curious, driven and detail oriented individual to join their Underwriting and Fraud team as a Trainee Risk & Underwriting Analyst. This trainee position is designed to build your technical capability, risk awareness, and decision-making confidence in a fast-paced, customer-focused lending environment.
Full training will be provided, so no previous experience of Underwriting and Fraud is needed. You’ll be immersed in the fundamentals of underwriting, learning how to assess loan applications, identify fraud risks, and ensure fair outcomes for customers. You’ll work alongside experienced underwriters and fraud specialists, gaining exposure to real-world cases and contributing to the delivery of high-quality lending decisions.
This is a brilliant opportunity to grow your career in financial services, with structured development, hands-on experience, and a supportive team culture.
Main responsibilities for the Trainee Risk & Underwriting Analyst:
Underwriting Fundamentals
* Learn and apply underwriting principles to assess customer applications in line with lending policies.
* Understand customer financial situations to support informed, risk-based decisions.
* Maintain detailed records and audit trails to support underwriting decisions.
* Participate in exception-based reviews and contribute to risk-based decision-making.
Performance & Compliance
* Achieve monthly quality and compliance targets aligned with Standard Operating Procedures.
* Comply with relevant legislation including the Data Protection Act, Consumer Credit Act, and FCA guidelines.
* Alert the Underwriting and Fraud Manager to any irregularities, compliance issues, or reputational risks.
Learning & Development
* Attend internal training sessions and complete knowledge quizzes on underwriting and company policies.
* Take ownership of your development, actively seeking feedback and coaching.
* Embrace change and contribute ideas to improve processes and customer outcomes.
* Collaboration
* Communicate regularly with Senior Underwriters, the Underwriting and Fraud Manager, and other teams across the business.
* Build strong relationships across the business to support collaborative problem-solving.
* Contribute to a team culture of professionalism, integrity, and fun.
Experience and skills required for the role:
Essential
* Willingness to learn industry regulations including money laundering, data protection, the Consumer Duty, and treating customers fairly.
* Excellent communication and interpersonal skills.
* Strong organisational skills and attention to detail.
* Ability to work under pressure and make sound, risk-based decisions.
* Commitment to personal development and continuous learning.
Desirable
* Speed of execution – the ability to act decisively and move with pace.
* A natural team player with a collaborative mindset.
* Previous experience in financial services.
* Knowledge of the consumer credit industry.
Here’s some of benefits our client offers:
* Bonus Scheme - Discretionary quarterly bonus
* Holiday - 22 days plus bank holidays, increasing with each year of service to a maximum of 28 days
* Dental Scheme - Reimbursement of pre-agreed limits
* Perk Box - 100s of discounts on well-known brands and lots more
* Help @ Hand - Access to free GP & counselling support services
* Casual Dress - Wear what makes you comfortable to deliver an excellent customer experience
* Socials - Social Committee works hard all year round to provide lots of events including summer parties, quiz nights, team building events, and summer and winter parties