Credit Risk Manager

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

Benefits offered by this job

Health insurance

Retirement plan

Professional development

Centrally located Centurion office

Job summary

Placements24 is seeking a seasoned Credit Risk Manager in Centurion to oversee and enhance the bank's credit risk framework. You will lead a team of risk professionals, develop policies, and ensure regulatory compliance while protecting asset quality.

The role involves monitoring loan portfolios, conducting stress tests, mentoring staff, and reporting to senior management and the board. A Master's in a quantitative field and 7+ years' experience are required.

Qualifications

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management within the financial services industry, preferably banking.
• Strong knowledge of credit risk modeling, portfolio management techniques, and regulatory frameworks (e.g., Basel Accords).
• Proven leadership and team management skills.
• Proficiency in risk management software and data analysis tools.

Responsibilities

• Develop, implement, and maintain robust credit risk policies, procedures, and models.
• Monitor and analyze the credit quality of the loan portfolio, identifying potential risks and implementing mitigation strategies.
• Conduct regular stress testing and scenario analysis to assess the impact of adverse economic conditions on the portfolio.
• Manage and mentor the credit risk team, providing guidance on risk assessment and portfolio management.
• Ensure compliance with all relevant regulatory requirements and internal policies related to credit risk.
• Report on credit risk exposures and portfolio performance to senior management and the board of directors.

Skills

Leadership

Analytical thinking

Credit risk modeling

Regulatory knowledge

Education

Master's degree in Finance/Economics/Statistics

Tools

Risk management software

Data analysis tools

Job description

About the Role

Our client is seeking a seasoned Credit Risk Manager to oversee and enhance their credit risk management framework in Centurion . This critical role involves assessing and mitigating credit exposures, developing policies, and ensuring compliance with regulatory requirements. You will lead a team of risk professionals, providing essential guidance and oversight to maintain the institution's financial stability and asset quality. This is an opportunity to make a significant impact on the bank's risk profile and contribute to its long-term success.

Key Responsibilities

• Develop, implement, and maintain robust credit risk policies, procedures, and models.
• Monitor and analyze the credit quality of the loan portfolio, identifying potential risks and implementing mitigation strategies.
• Conduct regular stress testing and scenario analysis to assess the impact of adverse economic conditions on the portfolio.
• Manage and mentor the credit risk team, providing guidance on risk assessment and portfolio management.
• Ensure compliance with all relevant regulatory requirements and internal policies related to credit risk.
• Report on credit risk exposures and portfolio performance to senior management and the board of directors.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management within the financial services industry, preferably in banking .
• Strong knowledge of credit risk modeling, portfolio management techniques, and regulatory frameworks (e.g., Basel Accords).
• Proven leadership and team management skills.
• Excellent analytical, problem-solving, and decision-making abilities.
• Proficiency in risk management software and data analysis tools.

Benefits

• Competitive salary package with annual performance incentives.
• Comprehensive health insurance, including medical, dental, and vision coverage.
• Retirement savings plan with employer contributions.
• Opportunities for professional development and advanced training in risk management.
• Centrally located office in Centurion with modern facilities and amenities.