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CV Tips for Credit Risk Analytics

Pinboard with words 'Hire Me' pinned on it

There are a number of online guides about how to write a good CV, and everyone has an opinion on what works, what is the latest style as well as how many pages it should be, making this a very subjective topic.

Start by thinking about what you are aiming to do with your CV – ultimately you want to secure an interview. Now nobody secures a role from the content of their CV alone, but a poorly written CV can cost you the opportunity to even get to interview stage.

So, what is going to get you that interview?

How does that structure look? 

How to sum up your experience:

How long should your CV be?

Should you include your interests?

And finally...


So, what is going to get you that interview?

The basics:

1) Structure
Decision makers should be able to find the information they need quickly and easily.

2) Concise communication
It is extremely important to demonstrate your ability to get your point across in a clear way.

3) Spelling/grammar
Sounds over simplistic, but this will be looked at. Remember your CV is a document that you should have taken time to produce, so small errors will be costly.

How does that structure look?

This may well differ and is dependent on the level of role you are applying for. You will need to put yourself in the shoes of the decision maker – what are they looking for in order to progress you to first stage interview?

If you are a recent graduate, they will be looking at your education, but if they need people with experience, then this is the most important element for them.

Starting your CV with a short statement about you will not differ whatever level of role you may be applying for. This profile shouldn’t be too informal, and should focus on highlighting the strengths and skills you possess, relevant to the role on offer.

How to sum up your experience:

Technical skills (SAS, SQL for example) tend to be important for roles in Credit risk, so all relevant skills and technical knowledge like these should be highlighted. However, even more important is to clearly show how the application of your technical skills, knowledge and experience had a positive impact for your current and/or previous employers. For example – If you came up with a new strategy for improving accept rates whilst reducing bad debt costs - by what percentages did this change and what was the exact impact? Include precise, not in-depth, detail to highlight your achievements.

“Reduced bad debt costs by 13% whilst increasing accept rate by 7%” is a lot more positive than “Reduced bad debt costs and increased accept rates”.

Also it is worth explaining how you achieved something? If you had an idea that was put in to practice, then go in to a little more detail. Not too much – this is just to get you an interview after all, and you need to have something to tell them when you get to meet them beyond this information, but it should be just enough to make them interested to learn more.

For example:

“I devised a refer rate strategy, coding daily lists in SAS. Once automated, refer rates fell by 15%. We saw an instant 8.3% reduction by implementing daily lists to underwriting.”

If you have experience of managing of people or a portfolio, reflect the exact detail of the team or portfolio. This will get across your ‘gravitas’ more than a general statement about management. Again, detail is the key.  For example:

Delivered circa £25mm reduction of in-year credit loss through more effective collections strategies
Primarily responsible for UK Portfolio, which peaked at over £10BN in receivables

Rather than:

Delivered a reduction of losses through collections strategies
Managing a UK portfolio and a team of analysts


How long should your CV be?

Again, everyone has an opinion on this. As a guide 2-3 pages is a standard length. This gives ample space to concisely communicate your work experience, achievements and education – whatever level of role you may be applying for. 

Should you include your interests?

Personality is important in roles within Credit Risk Analytics. You are presenting to people, and dealing with stakeholders in other business teams and will need to have well developed communication and interpersonal skills. You don’t need to include too much information on your out of work interests but you need to show that you have interests other than just application strategies for credit cards. Please bear in mind though that you should not include any jovial comments – your CV should be read as a professional document.

And finally;

Make sure you are very familiar with your CV before any interview, including any quoted figures. This document has successfully secured you the opportunity to sell yourself to a prospective employer, so know the content thoroughly. By doing so you will be well prepared and able to confidently answer questions on all aspects of your work, achievements and education.

For more information on interview techniques see the article 'Maximise your interviews'

<< By David Farmer >>

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