Credit Risk Manager

Placements24; Durban; Hybrid; ZAR 1,200,000 - 2,300,000; Full time

Benefits offered by this job

Executive benefits

Hybrid work

Medical aid

Retirement fund

Professional development

Job summary

Placements24 seeks an experienced Credit Risk Manager to lead the credit risk function in Durban. You will develop policies, monitor portfolio risk, and coordinate with regulators and internal stakeholders. The role requires deep Basel knowledge, 7+ years in credit risk, and strong leadership to build a high-performing team.

Hybrid work arrangement in Durban offers flexibility while maintaining a strong risk culture and regulatory compliance across the bank's loan portfolio.

Qualifications

• Master's degree required in Finance, Economics, Statistics, or related quantitative field.
• Proven ability to analyze complex financial data and assess credit risk.
• Strong leadership and communication skills to manage a risk team.

Responsibilities

• Develop, implement, and refine credit risk policies, procedures, and methodologies.
• Monitor the credit quality of the loan portfolio and identify emerging risks.
• Analyze financial statements and credit reports to assess creditworthiness and set limits.
• Oversee the loan approval process ensuring adherence to risk appetite and guidelines.
• Lead and mentor a team of credit analysts and liaise with regulators and stakeholders.

Skills

Credit risk management

Leadership

Financial analysis

Regulatory knowledge

Stakeholder management

Education

Master's degree in Finance, Economics, Statistics, or related field

Job description

About the Role

Our client is seeking an experienced Credit Risk Manager to lead and develop their credit risk function in Durban . This senior role involves overseeing the assessment, management, and mitigation of credit risk across the institution's loan portfolio. You will be responsible for establishing and implementing robust credit policies, monitoring portfolio performance, and ensuring compliance with regulatory requirements. The successful candidate will play a crucial part in safeguarding the financial health of the bank by making informed credit decisions, contributing to strategic risk management frameworks, and building a high-performing risk team within the bustling financial landscape of Durban .

Key Responsibilities

• Develop, implement, and refine credit risk policies, procedures, and methodologies.
• Monitor the credit quality of the loan portfolio, identify emerging risks, and implement proactive mitigation strategies.
• Analyze financial statements and credit reports of corporate clients to assess creditworthiness and determine appropriate credit limits.
• Oversee the loan approval process, ensuring adherence to risk appetite and regulatory guidelines.
• Manage relationships with internal stakeholders, regulators, and external rating agencies.
• Lead and mentor a team of credit analysts, fostering a culture of strong risk awareness and analytical rigor.

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 banking or financial services sector.
• In-depth knowledge of credit risk modeling, regulatory frameworks (e.g., Basel accords), and portfolio management.
• Proven ability to analyze complex financial data and make sound credit judgments.
• Strong leadership and team management skills.
• Excellent communication and stakeholder management abilities.

Benefits

• Attractive salary package with executive-level benefits.
• Significant impact on the institution's risk strategy and financial stability.
• Hybrid work arrangements for flexibility.
• Comprehensive medical aid and retirement fund contributions.
• Professional development opportunities in the vibrant city of Durban.