Credit Risk Analyst

Placements24; Paarl; Hybrid; ZAR 350,000 - 550,000; Full time

Benefits offered by this job

Competitive salary

Bonuses

Medical aid

Retirement fund

Development opportunities

Hybrid work model

Job summary

Placements24 in Paarl, Western Cape, invites a detail-oriented Credit Risk Analyst to join our client, a prominent financial institution. The role focuses on assessing credit risk across the loan portfolio, developing models, and ensuring regulatory compliance.

You will analyze financial data, support risk decisions, and prepare reports for senior management. The position offers a hybrid work model with in-office collaboration in Paarl and remote work flexibility.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Statistics, or related field.
• At least 3 years of experience in credit analysis, risk management, or related financial roles.
• Solid understanding of credit principles, financial statement analysis, and risk assessment methodologies.
• Proficiency in analytical tools and software, including Excel and SQL.
• Familiarity with regulatory requirements in the financial services sector.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent written and verbal communication skills.
• Ability to work effectively in a hybrid setting.
• Detail-oriented with high accuracy.
• Knowledge of the Western Cape economic landscape is a plus.

Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess creditworthiness.
• Evaluate and approve or decline credit applications within established risk parameters.
• Develop, implement, and maintain credit risk models and scoring systems.
• Monitor the credit performance of the loan portfolio and identify potential risks.
• Prepare credit reports and recommendations for senior management and credit committees.
• Ensure compliance with all relevant credit policies, procedures, and regulatory requirements.
• Conduct industry and economic research to understand market trends affecting credit risk.
• Assist in the development and refinement of credit risk management strategies.
• Collaborate with relationship managers and other departments to manage credit risk effectively.

Skills

Credit analysis

Financial statement analysis

Regulatory compliance

Analytical tools

Excel

SQL

Communication

Teamwork

Detail orientation

Education

Bachelor's degree in Finance, Economics, Accounting, Statistics, or related field

Tools

Excel

SQL

Job description

About the Role

Our client, a prominent financial institution, is seeking a detail-oriented and analytical Credit Risk Analyst to join their team in **Paarl, Western Cape**. This role is essential for assessing and managing credit risk across the company's loan portfolio, ensuring sound lending practices and regulatory compliance. You will play a critical role in evaluating credit applications, developing risk models, and monitoring portfolio performance. This position offers a **hybrid** work model, combining essential in-office collaboration with the flexibility of remote work. We are looking for a candidate with a strong understanding of financial markets, credit analysis techniques, and regulatory frameworks. The ideal candidate will possess excellent analytical skills, a proactive approach to risk management, and the ability to communicate complex findings effectively. Join a stable and reputable organization dedicated to responsible financial stewardship.

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess creditworthiness.
• Evaluate and approve or decline credit applications within established risk parameters.
• Develop, implement, and maintain credit risk models and scoring systems.
• Monitor the credit performance of the loan portfolio and identify potential risks.
• Prepare credit reports and recommendations for senior management and credit committees.
• Ensure compliance with all relevant credit policies, procedures, and regulatory requirements.
• Conduct industry and economic research to understand market trends affecting credit risk.
• Assist in the development and refinement of credit risk management strategies.
• Collaborate with relationship managers and other departments to manage credit risk effectively.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, Statistics, or a related quantitative field.
• Minimum of 3 years of experience in credit analysis, risk management, or a related financial role.
• Solid understanding of credit principles, financial statement analysis, and risk assessment methodologies.
• Proficiency in using analytical tools and software, including Excel and potentially SQL.
• Familiarity with regulatory requirements and compliance in the financial services sector.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent written and verbal communication skills.
• Ability to work effectively both independently and as part of a team in a **hybrid** setting.
• Detail-oriented with a high level of accuracy.
• Knowledge of the **Western Cape** economic landscape is a plus.

Benefits

• Our client offers a competitive salary, performance-based bonuses, and a comprehensive benefits package including medical aid, retirement fund contributions, and ongoing professional development opportunities.
• This role operates on a **hybrid** model, based out of our **Paarl, Western Cape** office, promoting a healthy work-life balance.
• Join a respected financial institution committed to integrity and excellence in risk management.
• Contribute to safeguarding the company's financial health and stability.