Credit Risk Analyst - Hybrid

Placements24; Richards Bay; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Medical aid

Provident fund

Performance-based bonuses

Professional development

Job summary

Placements24 is seeking a diligent Credit Risk Analyst for our client in Richards Bay, KwaZulu-Natal. You will assess the creditworthiness of borrowers, set credit limits, and monitor risk across the lending portfolio in a non-remote, bank-like environment.

The role emphasizes developing risk mitigation strategies, complying with credit policies and Basel regulatory requirements, and presenting analysis to the credit committee as part of a robust risk management team.

Qualifications

• Bachelor's degree in Finance or related field.
• 3–5 years of experience in credit analysis or risk management.
• Strong understanding of financial statement analysis and cash flow.
• Knowledge of credit scoring, risk metrics and Basel guidelines.
• Proficiency with Excel for data analysis and modeling.
• Excellent analytical and communication skills.

Responsibilities

• Analyze financial statements, credit reports, and data to assess creditworthiness.
• Develop and recommend credit limits, terms, and conditions.
• Monitor credit quality of the loan portfolio and spot early risks.
• Prepare credit analysis reports and present to the credit committee.
• Enforce credit policies and regulatory requirements.
• Develop statistical models to predict default probabilities and risk exposure.
• Collaborate with relationship managers to tailor credit solutions.
• Regularly review existing facilities and covenants.
• Keep updated on industry trends in credit risk management.
• Support development of risk management systems and tools.

Skills

Financial analysis

Credit risk assessment

Excel proficiency

Communication skills

Education

Bachelor's degree in Finance

Tools

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.

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.
• Located in or willing to relocate to Richards Bay, KwaZulu-Natal, ZA .

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.