Credit Risk Manager

Placements24; Klerksdorp; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Hybrid working model

Career development

Competitive salary

Medical aid

Job summary

Placements24 in Klerksdorp, South Africa, seeks a seasoned Credit Risk Manager to oversee and strengthen the credit risk framework. The role involves assessing and mitigating credit risk across portfolios, developing policies, and ensuring regulatory compliance.

You will lead a team of analysts, build PD/LGD/EAD models, conduct stress testing, and report to senior management. A master's in a quantitative field, 6+ years in credit risk, and strong communication are required; SAS/R/Python

Qualifications

• Master's degree in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• Minimum 6 years of experience in credit risk management, preferably in banking or financial services.
• Proven expertise in credit analysis, financial modeling, and statistical modeling techniques.

Responsibilities

• Develop, implement, and maintain robust credit risk policies and procedures.
• Analyze credit applications and assess creditworthiness of borrowers.
• Monitor credit quality of the loan portfolio and identify risks and trends.
• Develop and manage credit risk models (PD, LGD, EAD).
• Ensure compliance with credit risk regulations and reporting requirements.
• Lead stress testing exercises and scenario analyses.
• Collaborate with business units to embed risk management practices.
• Mentor a team of credit analysts and risk officers.
• Stay updated on industry best practices and trends.

Skills

Credit analysis

Financial modeling

Statistical modeling

Leadership

Regulatory knowledge

Data analysis tools

Education

Master's degree in Finance/Economics/Statistics/Mathematics

Tools

SAS

R

Python

Job description

About the Role

Our client, a leading financial services provider in Klerksdorp, is seeking a seasoned Credit Risk Manager to oversee and strengthen their credit risk framework. This critical role involves assessing and mitigating credit risk exposure across various portfolios, developing credit policies, and ensuring compliance with regulatory standards. The ideal candidate will possess a deep understanding of credit analysis, risk modeling, and portfolio management within the North West financial landscape. This position offers a significant opportunity to shape risk management strategies and contribute to the sustainable growth of the organization. We are looking for a proactive leader committed to best practices in risk management.

Key Responsibilities

• Develop, implement, and maintain robust credit risk policies and procedures.
• Analyze credit applications and assess the creditworthiness of individual and corporate borrowers.
• Monitor the credit quality of the loan portfolio, identifying potential risks and trends.
• Develop and manage credit risk models, including Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models.
• Ensure compliance with relevant credit risk regulations and reporting requirements.
• Prepare regular credit risk reports for senior management and regulatory bodies.
• Lead stress testing exercises and scenario analyses to assess portfolio resilience.
• Collaborate with business units to ensure effective credit risk management practices are embedded.
• Manage and mentor a team of credit analysts and risk officers.
• Stay updated on industry best practices and emerging credit risk trends.

Requirements

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 6 years of experience in credit risk management, preferably within the banking or financial services sector.
• Proven expertise in credit analysis, financial modeling, and statistical modeling techniques.
• Strong knowledge of credit risk regulations (e.g., Basel Accords).
• Experience with credit risk management software and databases.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management capabilities.
• Exceptional communication and presentation skills, with the ability to articulate complex risk concepts.
• Proficiency in data analysis tools (e.g., SAS, R, Python) is a strong advantage.
• Experience working in Klerksdorp or the North West region is beneficial.

Benefits

• Our client offers a competitive salary package, performance-based bonuses, and a comprehensive benefits plan including medical aid, retirement provisions, and life insurance. Opportunities for professional development and attending industry conferences.
• Hybrid working model to promote work-life balance.
• Exposure to challenging and impactful risk management initiatives.
• A collaborative work environment in Klerksdorp.