Credit Risk Manager

Placements24; Cape Town; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary package

Executive health benefits

Pension fund contributions

Job summary

Placements24 in Cape Town is seeking a seasoned Credit Risk Manager to lead the credit risk framework, policy development, and monitoring across portfolios. You will guide a team of risk analysts and drive robust risk assessment practices to support prudent growth.

The role requires a Master’s degree in Finance or related field, 7+ years in credit risk within banking or financial services, and proven leadership.

Qualifications

• Master's degree in Finance, Economics, Statistics or related field.
• 7+ years of credit risk management experience in banking/financial services.
• Proven ability to develop and implement risk strategies and policies.
• Strong knowledge of credit analysis, financial modeling, risk quantification and Basel frameworks.
• Experience leading risk teams.

Responsibilities

• Develop and monitor credit risk policies aligned with regulatory requirements.
• Mentor and lead a team of risk analysts.
• Monitor exposure across portfolios and identify risk trends.
• Conduct stress testing and scenario analysis for resilience.
• Coordinate with regulators and auditors on risk matters.
• Contribute to credit scoring model development.

Skills

Credit risk management

Leadership

Financial modeling

Regulatory knowledge

Credit analysis

Education

Master's degree in Finance/Economics/Statistics

Job description

About the Role

Our client is seeking a seasoned and strategic Credit Risk Manager to oversee and enhance their credit risk management framework in Cape Town . This critical role involves developing, implementing, and monitoring policies and procedures to mitigate credit exposure across various portfolios. You will lead a team of risk analysts, providing guidance and ensuring robust risk assessment and management practices are in place. This position offers a challenging and rewarding career opportunity within a leading financial services provider, contributing to the stability and growth of the organization through prudent risk management, working within a dedicated team focused on maintaining portfolio quality and compliance with regulatory standards.

Key Responsibilities

• Develop and implement comprehensive credit risk policies and procedures in line with regulatory requirements and business strategy.
• Manage and mentor the credit risk analysis team, overseeing the assessment of credit applications and portfolio quality.
• Monitor credit exposure across all portfolios, identifying trends, potential risks, and implementing proactive mitigation strategies.
• Conduct regular stress testing and scenario analysis to evaluate the resilience of the credit portfolio.
• Liaise with regulatory bodies and internal/external auditors on credit risk matters.
• Contribute to the development and refinement of credit scoring models and risk management tools.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Extensive experience (7+ years) in credit risk management within the banking or financial services industry.
• Proven track record of developing and implementing effective credit risk strategies and policies.
• Strong knowledge of credit analysis, financial modeling, risk quantification, and regulatory frameworks (e.g., Basel accords).
• Experience leading and developing a team of risk professionals.
• Excellent analytical, strategic thinking, and communication skills, with strong presentation abilities.

Benefits

• Highly competitive salary package with annual performance bonuses.
• Comprehensive executive health benefits, including medical aid and wellness programs.
• Generous pension fund contributions and retirement planning support.
• Significant opportunities for career advancement and leadership development.
• Relocation assistance may be considered for exceptional candidates outside of Cape Town .