Credit Risk Analyst - Remote

Placements24; Klerksdorp; Hybrid; ZAR 350,000 - 520,000; Full time

Benefits offered by this job

Health insurance

Retirement plan

Paid time off

Fully remote work

Professional development

Performance-based bonuses

Access to learning platforms

Job summary

Placements24 is seeking a proactive Credit Risk Analyst to join its risk management team. This fully remote role focuses on assessing creditworthiness and developing credit policies to minimize losses.

You will analyze financial data, reports, and market trends to support lending decisions. The ideal candidate has a minimum of 3 years in credit analysis, strong knowledge of risk principles, and proficient Excel and risk modeling tools.

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics or related field.
• Minimum of 3 years of experience in credit analysis, risk management, or related financial role.
• Strong understanding of credit risk principles, financial statement analysis, and credit scoring methodologies.
• Proficiency in using financial analysis software and tools, including advanced Excel skills.
• Excellent analytical, quantitative, and problem-solving skills.
• Strong written and verbal communication skills.
• Ability to work independently, manage time effectively, and meet deadlines in a remote setting.
• Familiarity with banking regulations and compliance requirements.
• Experience with credit risk modeling software is a plus.

Responsibilities

• Evaluate the credit risk of loan applicants by analyzing financial statements, credit reports, and other relevant data.
• Develop and refine credit scoring models and risk assessment frameworks.
• Monitor the performance of existing credit portfolios, identifying trends and potential areas of concern.
• Recommend appropriate credit limits and terms based on risk assessments.
• Ensure compliance with internal credit policies, procedures, and regulatory requirements.
• Prepare detailed credit reports and recommendations for loan approval committees.
• Collaborate with lending teams to provide guidance on credit risk management.
• Contribute to the development and implementation of strategies to manage and reduce credit risk.
• Stay informed about economic conditions and industry trends that may impact credit risk.
• Assist in the review and update of credit policies and procedures as needed.

Skills

Analytical skills

Quantitative skills

Problem-solving

Communication skills

Remote work discipline

Education

Bachelor's degree in Finance, Economics or Mathematics

Tools

Advanced Excel

Credit risk modeling software

Financial analysis software

Job description

About the Role

Our client, a leading financial institution, is seeking a proactive and analytical Credit Risk Analyst to join their esteemed risk management department. This position is fully remote, allowing you to contribute your expertise from the comfort of your home. The Credit Risk Analyst will be responsible for assessing the creditworthiness of individuals and businesses, developing and implementing credit policies, and monitoring loan portfolios to mitigate potential losses. You will utilize advanced analytical tools and methodologies to evaluate financial statements, credit histories, and market data. This role requires a strong understanding of financial markets, risk assessment techniques, and regulatory compliance. You will play a key role in ensuring the soundness of our lending practices and contributing to the overall financial stability of the organization. The remote nature of this role requires a high degree of self-discipline and excellent communication skills.

Key Responsibilities

• Evaluate the credit risk of loan applicants by analyzing financial statements, credit reports, and other relevant data.
• Develop and refine credit scoring models and risk assessment frameworks.
• Monitor the performance of existing credit portfolios, identifying trends and potential areas of concern.
• Recommend appropriate credit limits and terms based on risk assessments.
• Ensure compliance with internal credit policies, procedures, and regulatory requirements.
• Prepare detailed credit reports and recommendations for loan approval committees.
• Collaborate with lending teams to provide guidance on credit risk management.
• Contribute to the development and implementation of strategies to manage and reduce credit risk.
• Stay informed about economic conditions and industry trends that may impact credit risk.
• Assist in the review and update of credit policies and procedures as needed.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, or a related field.
• Minimum of 3 years of experience in credit analysis, risk management, or a related financial role.
• Strong understanding of credit risk principles, financial statement analysis, and credit scoring methodologies.
• Proficiency in using financial analysis software and tools, including advanced Excel skills.
• Excellent analytical, quantitative, and problem-solving skills.
• Strong written and verbal communication skills.
• Ability to work independently, manage time effectively, and meet deadlines in a remote setting.
• Familiarity with banking regulations and compliance requirements.
• Experience with credit risk modeling software is a plus.

Benefits

• Competitive salary commensurate with experience.
• Comprehensive health insurance coverage.
• Retirement savings plan.
• Generous paid time off.
• Fully remote work arrangement for optimal flexibility.
• Opportunities for professional development and training.
• Performance-based bonuses.
• Access to online learning platforms and industry resources.