Credit Risk Manager - On-site

Placements24; Willows (CA); On-site; USD 55,000 - 85,000; Full time

Benefits offered by this job

Competitive salary package

Performance-based bonuses

Medical and dental coverage

Retirement savings plan

Generous leave allowances

Professional development

Job summary

Placements24 is recruiting a Credit Risk Manager for a well-established financial institution in Welkom, Free State. The role focuses on developing, implementing, and monitoring credit risk policies and procedures across the lending portfolio.

The successful candidate will assess credit applications, analyze borrowers, and lead credit risk initiatives to safeguard financial stability. On-site, full-time position with opportunities for advancement.

Qualifications

• Bachelor’s degree in finance or related field; master’s is a plus.
• 6+ years of credit risk management experience in banking.
• Strong knowledge of Basel and regulatory frameworks.
• Proven credit analysis and portfolio management skills.
• Strong quantitative and analytical abilities; proficient in statistical tools.
• Excellent leadership and communication skills; on-site Welkom.

Responsibilities

• Develop and implement credit risk strategies and policies.
• Assess and approve/decline credit applications based on risk parameters.
• Monitor credit quality of the loan portfolio and manage risks.
• Conduct stress testing and scenario analysis.
• Ensure compliance with banking regulations and internal policies.
• Develop and maintain credit scoring models and risk ratings.
• Prepare reports for senior management and regulators.
• Collaborate with lending teams on risk matters.
• Investigate and resolve credit-related issues.
• Stay updated on industry trends in credit risk management.

Skills

Credit risk management

Credit analysis

Regulatory knowledge Basel

Leadership

Financial statement analysis

Education

Bachelor's degree in Finance/Economics/Statistics/Mathematics

Master's degree (preferred)

Tools

Statistical software (e.g., SAS, R)

MS Excel

Job description

About the Role

Our client, a well-established financial institution in Welkom, Free State , is seeking a highly skilled and experienced Credit Risk Manager. This essential on-site role involves managing and mitigating credit risk across the organization's lending portfolio. You will be responsible for developing, implementing, and monitoring credit risk policies and procedures, analyzing credit applications, and assessing the creditworthiness of borrowers. The ideal candidate will possess a deep understanding of credit risk frameworks, regulatory requirements, and financial analysis. This position is critical for maintaining the financial stability and soundness of our client's operations in the Free State . Join our team in Welkom and play a pivotal role in our risk management strategy.

Key Responsibilities

• Develop and implement comprehensive credit risk management strategies and policies.
• Assess and approve or decline credit applications based on established risk parameters.
• Monitor the credit quality of the loan portfolio, identifying and managing potential risks.
• Conduct regular stress testing and scenario analysis on the credit portfolio.
• Ensure compliance with all relevant banking regulations and internal credit policies.
• Develop and maintain credit scoring models and risk rating systems.
• Prepare regular reports on credit risk exposure and portfolio performance for senior management and regulatory bodies.
• Collaborate with lending teams to provide guidance on credit risk matters.
• Investigate and resolve credit-related issues and discrepancies.
• Stay updated on industry best practices and emerging trends in credit risk management.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related field. A Master's degree is a plus.
• Minimum of 6 years of experience in credit risk management, preferably within the banking sector.
• In-depth knowledge of credit risk principles, methodologies, and regulatory frameworks (e.g., Basel accords).
• Proven experience in credit analysis, risk assessment, and portfolio management.
• Strong quantitative and analytical skills, with proficiency in statistical software or tools.
• Excellent understanding of financial statements and lending practices.
• Strong leadership and team management capabilities.
• Exceptional communication and presentation skills, with the ability to articulate complex risk concepts.
• Proficiency in relevant banking software and MS Office Suite.
• Must be available for full-time, on-site work in Welkom .

Benefits

• Competitive salary package commensurate with experience.
• Performance-based bonuses and incentives.
• Comprehensive medical and dental coverage.
• Retirement savings plan.
• Generous annual leave and sick leave allowances.
• Professional development and training opportunities.
• Employee assistance program.
• Opportunities for career progression within a respected financial institution.