Credit Risk Analyst - Hybrid

Placements24; Mtubatuba Local Municipality; On-site; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Performance-based bonuses

Professional development

Job summary

Placements24 is seeking a Credit Risk Analyst for our Richards Bay operation. The role focuses on assessing creditworthiness of corporate and individual borrowers, developing risk mitigations and ensuring policy compliance within a busy banking environment.

You will work with relationship managers to tailor credit solutions, monitor facilities and contribute to risk management system enhancements, located in Richards Bay, KwaZulu-Natal, ZA.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics or related field.
• 3–5 years in credit analysis, risk management, or similar role in financial services.
• Strong understanding of financial statement analysis, ratio analysis and cash flow assessment.
• Familiarity with credit scoring models, risk metrics and Basel regulatory guidelines.

Responsibilities

• Analyze financial statements and credit reports to assess creditworthiness of borrowers.
• Recommend credit limits, terms and conditions for clients.
• Monitor loan portfolio credit quality and identify early warning signs.
• Prepare credit analysis reports and present to credit committee.

Skills

Analytical thinking

Credit risk knowledge

Excel proficiency

Data interpretation

Decision making

Education

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

Tools

Microsoft Excel

Job description

About the Role

Our client, a dynamic financial institution, is seeking a diligent and analytical Credit Risk Analyst to join their operations in Richards Bay, KwaZulu-Natal, ZA . This is a non-remote role crucial for assessing and managing credit risk across the company's lending portfolio. The successful candidate will be responsible for evaluating the creditworthiness of potential and existing clients, developing risk mitigation strategies, and ensuring compliance with credit policies and regulatory requirements. This position offers a fantastic opportunity to grow within the Banking & Finance sector and contribute to the company's sound financial health. You will be working in a collaborative team environment focused on robust risk management practices.

Key Responsibilities

• Analyze financial statements, credit reports, and other relevant data to assess the creditworthiness of corporate and individual borrowers.
• Develop and recommend appropriate credit limits, terms, and conditions for new and existing clients.
• Monitor the credit quality of the loan portfolio, identifying potential risks and early warning signs.
• Prepare detailed credit analysis reports and present recommendations to the credit committee.
• Implement and enforce credit policies and procedures to ensure compliance with internal standards and regulatory guidelines.
• Develop and maintain statistical models to predict default probabilities and assess credit risk exposure.
• Work with relationship managers to understand client business needs and provide tailored credit solutions.
• Conduct regular reviews of existing credit facilities and covenants.
• Stay updated on industry best practices and emerging trends in credit risk management.
• Contribute to the development and enhancement of credit risk management systems and tools.
• Located in or willing to relocate to Richards Bay, KwaZulu-Natal, ZA .

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field.
• Minimum of 3-5 years of experience in credit analysis, risk management, or a similar role within the financial services industry.
• Strong understanding of financial statement analysis, ratio analysis, and cash flow assessment.
• Knowledge of credit scoring models, risk metrics, and regulatory requirements (e.g., Basel Accords).
• Proficiency in Microsoft Excel, with experience in data analysis and financial modeling.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong written and verbal communication skills, with the ability to articulate complex risk assessments clearly.
• Detail-oriented with a high degree of accuracy.
• Ability to work effectively both independently and as part of a team in a fast-paced environment.

Benefits

Our client offers a competitive salary commensurate with experience and a comprehensive benefits package, including medical aid, a provident fund, and performance-based bonuses. Opportunities for professional development and continuous learning within the Banking & Finance domain are provided. You will be part of a stable and reputable organization with a strong emphasis on employee growth and development. The role is office-based, fostering direct team collaboration and immediate access to resources within the Richards Bay branch.