Resume Tips for Risk Analytics



There are a number of online guides about how to write a good resume, 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 resume – ultimately you want to secure an interview. Now nobody secures a role from the content of their resume alone, but a poorly written resume can cost you the opportunity to even get to interview stage.

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 resume 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 resume 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 resume 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 resume should be read as a professional document.

 

And finally

Make sure you are very familiar with your resume 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.


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