Credit Risk Manager (Remote)

Placements24; Redmond (WA); Hybrid; USD 55,000 - 91,000; Full time

Benefits offered by this job

Remote work from SA

Competitive salary

Medical aid and retirement fund

Bonuses & training opportunities

Job summary

Placements24 seeks an experienced Credit Risk Manager for a fully remote role from South Africa. You will develop and oversee credit risk policies, monitor lending risk, and refine scoring models to ensure regulatory compliance and sound portfolio performance.

The ideal candidate has 7+ years in credit risk, strong analytical skills, and proficiency with SQL/Python/R/SAS. Leadership in a remote setting is essential for cross-functional collaboration.

Qualifications

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management, preferably within a banking or financial institution.
• Proven expertise in credit analysis, risk modeling (e.g., VaR, PD, LGD), and portfolio management.
• Strong understanding of Basel Accords and local banking regulations.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in data analysis tools and statistical software (e.g., SQL, Python, R, SAS).
• Exceptional communication and presentation skills, with the ability to articulate complex risk concepts to diverse audiences.
• Demonstrated ability to lead and manage a team in a remote work environment.

Responsibilities

• Develop and implement robust credit risk management strategies and policies.
• Oversee the assessment and monitoring of credit risk across the loan portfolio.
• Analyze credit applications and financial statements to determine creditworthiness and lending limits.
• Develop and refine credit scoring models and risk assessment tools.
• Monitor market trends and economic conditions to anticipate potential credit risks.
• Ensure compliance with regulatory requirements and internal controls.
• Prepare comprehensive credit risk reports for senior management and regulators.
• Manage relationships with internal stakeholders, including business units, compliance, and audit teams.
• Identify and propose mitigation strategies for potential credit losses.
• Stay current with best practices in credit risk management and relevant regulations.

Skills

Credit analysis

Risk modeling (VaR PD LGD)

Portfolio management

Regulatory frameworks (Basel)

Data analysis tools (SQL Python R SAS)

Communication & presentation

Remote team leadership

Education

Master's degree in Finance/Economics/Statistics or related field

Tools

SQL

Python

R

SAS

Job description

About the Role

Our client, a prominent international bank, is seeking an experienced and strategic Credit Risk Manager to join their growing team. This position is a fully remote opportunity, allowing you to contribute your expertise from anywhere in South Africa. You will be responsible for developing, implementing, and overseeing credit risk policies and procedures to ensure the financial soundness of the organization. This role requires a deep understanding of risk management frameworks, credit analysis, and regulatory requirements within the financial services sector.

Key Responsibilities

• Develop and implement robust credit risk management strategies and policies.
• Oversee the assessment and monitoring of credit risk across the loan portfolio.
• Analyze credit applications and financial statements to determine creditworthiness and appropriate lending limits.
• Develop and refine credit scoring models and risk assessment tools.
• Monitor market trends and economic conditions to anticipate potential credit risks.
• Ensure compliance with all relevant regulatory requirements and internal control standards.
• Prepare comprehensive credit risk reports for senior management and regulatory bodies.
• Manage relationships with internal stakeholders, including business units, compliance, and audit teams.
• Identify and propose mitigation strategies for potential credit losses.
• Stay current with best practices in credit risk management and relevant financial regulations.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management, preferably within a banking or financial institution.
• Proven expertise in credit analysis, risk modeling (e.g., VaR, PD, LGD), and portfolio management.
• Strong understanding of regulatory frameworks such as Basel Accords and local banking regulations.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in data analysis tools and statistical software (e.g., SQL, Python, R, SAS).
• Exceptional communication and presentation skills, with the ability to articulate complex risk concepts to diverse audiences.
• Demonstrated ability to lead and manage a team in a remote work environment.
• High degree of professional ethics and integrity.

Benefits

• This role offers a highly competitive salary and a comprehensive benefits package, including excellent medical aid, retirement fund contributions, and performance-based bonuses.
• As a remote position, you will enjoy the flexibility to work from your preferred location.
• Our client is committed to professional development, offering ample opportunities for training, certifications, and career advancement within a leading global financial institution.
• Join a forward-thinking organization that values expertise and promotes a healthy work-life balance.