Credit Risk Manager

Placements24; Gallup (NM); Hybrid; USD 120,000 - 180,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Leave allowance

Hybrid work model

Professional development

Job summary

Placements24 seeks an experienced Credit Risk Manager to lead risk assessment for a banking client in George. The role focuses on evaluating creditworthiness, developing risk policies, and managing a portfolio of exposures to safeguard financial health.

The ideal candidate holds a Master's in a quantitative field and 7+ years in credit risk, with a track record of building robust risk frameworks in financial services. Hybrid work with a Western Cape focus offers balance and growth.

Qualifications

• Master's degree in a quantitative field.
• 7+ years of experience in credit risk management or related area in financial services.
• Strong understanding of credit risk modeling and financial statement analysis.
• Proven leadership experience and ability to develop risk strategies.
• Excellent analytical, decision-making, and communication skills.
• Familiarity with Basel accords is desirable.

Responsibilities

• Develop, implement, and maintain credit risk policies, procedures, and methodologies.
• Analyze credit risk of new and existing clients including financial statement analysis and market risk evaluation.
• Monitor credit portfolio for risks and advise on mitigation.
• Lead and mentor a team of credit analysts to ensure high standards.
• Ensure compliance with regulatory requirements and internal governance.
• Prepare reports on credit risk exposures and portfolio performance for senior management and boards.

Skills

Credit risk modeling

Financial statement analysis

Regulatory knowledge Basel accords

Leadership & mentoring

Analytical ability

Communication skills

Education

Master's degree in Finance, Economics, Statistics

Job description

About the Role

Our client is seeking an experienced and detail-oriented Credit Risk Manager to lead their risk assessment functions in George . This role is crucial for safeguarding the institution's financial health by evaluating creditworthiness, developing risk policies, and managing a portfolio of credit exposures. You will work closely with lending teams and senior management to ensure adherence to regulatory requirements and internal risk appetite. The successful candidate will possess deep knowledge of credit risk principles and a proven ability to implement robust risk management frameworks within the banking and finance environment.

Key Responsibilities

• Develop, implement, and maintain credit risk policies, procedures, and methodologies.
• Analyze and assess the credit risk of new and existing clients, including financial statement analysis and market risk evaluation.
• Monitor the credit portfolio for potential risks, identifying early warning signs and recommending mitigating actions.
• Manage and mentor a team of credit analysts, fostering a culture of diligence and expertise.
• Ensure compliance with all relevant regulatory requirements and internal governance standards.
• Prepare comprehensive reports on credit risk exposures and portfolio performance for senior management and board committees.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management, corporate lending, or a related area within the financial services sector .
• Strong understanding of credit risk modeling, financial statement analysis, and market dynamics.
• Proven experience in managing a team and developing risk management strategies.
• Excellent analytical, decision-making, and communication skills.
• Familiarity with regulatory frameworks such as Basel accords is highly desirable.

Benefits

• An attractive salary commensurate with experience and responsibilities.
• Comprehensive health insurance and retirement savings plan.
• Generous leave allowance and opportunities for professional development in risk management .
• A hybrid work model offering flexibility and work-life balance in the scenic Western Cape .
• The opportunity to significantly influence the risk strategy of a leading financial institution.