Credit Risk Manager

Placements24; Mossel Bay; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Medical and dental insurance

Retirement fund

Performance-based bonuses

Paid time off

Job summary

Placements24 is seeking a seasoned Credit Risk Manager to lead risk assessment and management for a distinguished financial institution in Mossel Bay, Western Cape. This hybrid role combines strategic oversight with hands-on analysis to safeguard the organization’s credit portfolio and regulatory compliance.

The ideal candidate will have a Master’s degree in a quantitative field and at least seven years of experience in credit risk, with strong modeling, analytics, and leadership capabilities.

Qualifications

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management within banking or financial services.
• Strong understanding of credit risk modeling, portfolio management, and financial statement analysis.
• Proficiency in statistical software (R, SAS) and advanced Excel skills.
• Knowledge of Basel Accords and other regulatory requirements.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management abilities.

Responsibilities

• Develop, implement, and monitor credit risk policies and procedures.
• Analyze credit applications and portfolios to identify and assess potential risks.
• Set credit limits and approve or decline credit facilities within delegated authority.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Monitor economic and industry trends impacting credit risk.
• Manage relationships with credit rating agencies and external auditors.
• Develop and maintain credit risk models and reporting tools.
• Ensure compliance with relevant banking regulations and internal risk appetite.
• Lead and mentor a team of credit analysts and risk officers.
• Report on the credit risk profile to senior management and the board.

Skills

Credit risk management

Leadership

Data analysis

Regulatory knowledge

Stakeholder management

Attention to detail

Education

Master's degree in Finance/Economics/Statistics

Tools

R

SAS

Excel

Job description

About the Role

Our client, a distinguished financial institution, is looking for a seasoned Credit Risk Manager to lead their risk assessment and management efforts in Mossel Bay, Western Cape . This integral role involves overseeing the credit portfolio, developing risk mitigation strategies, and ensuring compliance with regulatory frameworks. The ideal candidate will possess a strong analytical mindset, a comprehensive understanding of credit risk principles, and proven leadership capabilities. This is a hybrid role, offering a balanced approach to in-office collaboration and remote flexibility, supporting a productive work environment within the beautiful coastal setting of Mossel Bay . You will be instrumental in safeguarding the financial health of the organization by managing credit exposures effectively.

Key Responsibilities

• Develop, implement, and monitor credit risk policies and procedures.
• Analyze credit applications and portfolios to identify and assess potential risks.
• Set credit limits and approve or decline credit facilities within delegated authority.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Monitor economic and industry trends impacting credit risk.
• Manage relationships with credit rating agencies and external auditors.
• Develop and maintain credit risk models and reporting tools.
• Ensure compliance with relevant banking regulations and internal risk appetite.
• Lead and mentor a team of credit analysts and risk officers.
• Report on the credit risk profile to senior management and the board.

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.
• Strong understanding of credit risk modeling, portfolio management, and financial statement analysis.
• Proficiency in statistical software (e.g., R, SAS) and advanced Excel skills.
• Knowledge of regulatory requirements such as Basel Accords.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management abilities.
• Effective communication and interpersonal skills, with the ability to influence stakeholders.
• Proven ability to manage multiple priorities and work under pressure.

Benefits

Our client offers a highly competitive salary and an attractive benefits package, including comprehensive medical and dental insurance, a generous retirement fund, and performance-based bonuses. Employees are provided with ample paid time off for vacation and personal leave. Opportunities for professional development, including advanced training programs and conference attendance, are readily available. This hybrid role offers a great work-life balance in the scenic location of Mossel Bay . Join a stable and respected financial institution where your expertise in credit risk management will be highly valued, contributing to the growth and security of the organization.