Credit Risk Manager

Placements24; Paarl; Hybrid; ZAR 900,000 - 1,300,000; Full time

Job summary

Placements24 is seeking a seasoned Credit Risk Manager to lead risk assessment and mitigation for a digitally-focused financial services operation, with teams potentially located near Paarl. This senior role develops, implements, and monitors credit risk policies to maintain a healthy loan portfolio and regulatory compliance.

You will analyze credit data, identify risks, and provide strategic recommendations to senior management.

Qualifications

• Master's degree in Finance, Economics, Statistics, or related field; PhD is a plus.
• 5-7 years of progressive experience in credit risk management.
• Expertise in credit risk modeling, quantitative analysis, and portfolio management.
• Strong understanding of financial markets and banking regulations.
• Experience working in remote or distributed teams.

Responsibilities

• Develop, implement, and maintain credit risk frameworks and policies.
• Analyze creditworthiness of new and existing clients, identifying potential risks.
• Monitor the credit portfolio for trends and risks, and provide reports to management.
• Design and validate credit scoring models and risk tools.
• Ensure compliance with credit risk regulations and internal policies.
• Collaborate with business units to set risk appetites and limits.

Skills

Credit risk modeling

Quantitative analysis

Portfolio management

Regulatory knowledge

Remote teamwork

Education

Master's degree in Finance

PhD preferred

Job description

About the Role

Our client seeks a seasoned Credit Risk Manager to lead risk assessment and mitigation strategies for their digitally-focused financial services operations, with teams potentially located near Paarl. This senior role is responsible for developing, implementing, and monitoring credit risk policies and procedures to ensure the financial institution maintains a healthy loan portfolio and complies with regulatory requirements. You will analyze credit data, identify potential risks, and provide strategic recommendations to senior management. The ideal candidate possesses extensive experience in credit risk management, strong analytical skills, and a deep understanding of financial markets and regulatory frameworks, operating effectively within a remote work setting.

Key Responsibilities

• Develop, implement, and maintain robust credit risk management frameworks and policies.
• Analyze and assess the creditworthiness of new and existing clients, identifying potential risks.
• Monitor the credit portfolio for trends, concentrations, and emerging risks, providing regular reports to management.
• Design and validate credit scoring models and risk assessment tools.
• Ensure compliance with all relevant credit risk regulations and internal policies.
• Collaborate with business units to establish appropriate risk appetites and limits.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field; PhD is a plus.
• Minimum of 5-7 years of progressive experience in credit risk management, preferably within a financial institution.
• Proven expertise in credit risk modeling, quantitative analysis, and portfolio management.
• Strong understanding of financial markets, banking regulations, and risk management best practices.
• Excellent analytical, problem-solving, and decision-making skills.
• Experience working effectively in a remote or distributed team environment.

Benefits

• Highly competitive salary and performance-based bonus structure.
• Comprehensive benefits including health, dental, and life insurance.
• Generous paid time off and flexible remote working arrangements.
• Opportunities for professional growth, training, and attending industry conferences.
• Access to advanced analytics tools and technologies.
• A forward-thinking company culture that values expertise and innovation.