Credit Risk Analyst

Placements24; Vereeniging; On-site; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Competitive salary

Medical benefits

Retirement benefits

Professional development

Job summary

Placements24 in Vereeniging, Gauteng requires a meticulous Credit Risk Analyst to join its Risk Management team. You will assess borrowers and counterparties, develop risk models, and ensure compliance with policies within Banking & Finance.

You will work with IT and data teams to improve data quality, perform stress tests, and contribute to credit risk policy development, with strong analytical and communication skills expected.

Qualifications

• Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 3 years of experience in credit risk analysis or related role within the Banking & Finance industry.
• Strong understanding of financial statement analysis, credit assessment techniques, and risk modeling.
• Proficiency in statistical software (e.g., R, SAS) and Excel is essential.
• Knowledge of regulatory requirements (e.g., Basel Accords) is a plus.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication abilities.
• Detail-oriented with a high degree of accuracy.

Responsibilities

• Analyze financial statements and credit data to assess the creditworthiness of borrowers.
• Develop, implement, and validate credit risk models and scoring systems.
• Monitor credit exposure and portfolio performance, identifying potential risks and trends.
• Prepare detailed credit analysis reports and recommendations for loan origination and portfolio management.
• Review loan applications, ensuring compliance with internal credit policies and regulatory requirements.
• Contribute to the development and enhancement of credit risk policies and procedures.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Collaborate with IT and data teams to ensure data quality and the effective implementation of risk systems.

Skills

Credit risk analysis

Financial statement analysis

Analytical thinking

Communication skills

Education

Bachelor's degree in Finance

Tools

R

SAS

Excel

Job description

About the Role

A leading financial services provider in Vereeniging, Gauteng, is seeking a meticulous Credit Risk Analyst to join their growing Risk Management department. This role is essential for assessing and managing the creditworthiness of clients and counterparties, ensuring the organization's portfolio remains sound. The successful candidate will play a key role in developing and implementing credit risk models, policies, and procedures within the Banking & Finance sector. This is a critical position requiring strong analytical acumen and a deep understanding of financial markets in the Vereeniging, Gauteng area.

Key Responsibilities

• Analyze financial statements and credit data to assess the creditworthiness of borrowers.
• Develop, implement, and validate credit risk models and scoring systems.
• Monitor credit exposure and portfolio performance, identifying potential risks and trends.
• Prepare detailed credit analysis reports and recommendations for loan origination and portfolio management.
• Review and assess loan applications, ensuring compliance with internal credit policies and regulatory requirements.
• Contribute to the development and enhancement of credit risk policies and procedures.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Work closely with business units to understand credit risk drivers and mitigation strategies.
• Stay updated on industry best practices and regulatory changes related to credit risk management.
• Collaborate with IT and data teams to ensure data quality and the effective implementation of risk systems.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 3 years of experience in credit risk analysis, financial analysis, or a related role within the Banking & Finance industry.
• Strong understanding of financial statement analysis, credit assessment techniques, and risk modeling.
• Proficiency in statistical software (e.g., R, SAS) and Excel is essential.
• Knowledge of regulatory requirements (e.g., Basel Accords) is a plus.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication abilities.
• Detail-oriented with a high degree of accuracy.
• Ability to work independently and as part of a team.
• Familiarity with the Vereeniging, Gauteng business environment.

Benefits

Our client offers a competitive salary, comprehensive medical and retirement benefits, and opportunities for professional development and further training. The company culture emphasizes collaboration and continuous improvement. This role provides a stable and challenging career path within the Banking & Finance sector in Vereeniging, Gauteng, contributing to the financial health of the institution.