Credit Risk Manager

Placements24; Randfontein; Hybrid; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Hybrid work arrangements

Performance-based incentives

Medical aid

Pension fund

Job summary

Placements24 is seeking an experienced Credit Risk Manager for the North West region, based in Rustenburg. The role focuses on strengthening credit risk framework, assessing creditworthiness, and guiding risk decisions across corporate lending.

It offers strategic impact within a major financial services group. Responsibilities include policy development, portfolio monitoring, and regulatory compliance, with leadership duties to mentor junior risk staff.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics or related field.
• Master’s degree or relevant professional certification is an advantage.

Responsibilities

• Develop, implement and maintain credit risk management policies and procedures.
• Assess credit risk of corporate clients and loan applications.
• Monitor loan portfolio performance and develop mitigation strategies.
• Review credit limits and covenants for existing clients.
• Ensure compliance with Basel and banking regulations.

Skills

Credit analysis

Financial statement analysis

Regulatory knowledge

Leadership

Risk software

Risk reporting

Education

Bachelor’s degree in Finance/Economics/Mathematics

Master’s or professional certification (advantage)

Tools

Risk management software

Job description

About the Role

Our client, a prominent financial services group, is seeking an experienced Credit Risk Manager to oversee and enhance their credit risk management framework in Rustenburg, North West. This pivotal role involves developing, implementing, and monitoring credit policies and procedures to mitigate potential financial losses. The successful candidate will be responsible for assessing creditworthiness, managing loan portfolios, and ensuring compliance with regulatory requirements. This is a strategic position within the thriving economic hub of the North West province, offering the chance to make a significant impact in the Banking & Finance sector. We are looking for a candidate with a strong analytical background and a deep understanding of credit risk principles.

Key Responsibilities

• Develop, implement, and maintain robust credit risk management policies and procedures.
• Assess the credit risk of corporate clients and loan applications, making recommendations for approval or rejection.
• Monitor the performance of the loan portfolio, identifying potential risks and developing mitigation strategies.
• Conduct regular reviews of credit limits and covenants for existing clients.
• Ensure compliance with national and international banking regulations related to credit risk.
• Develop and implement credit scoring models and risk assessment tools.
• Prepare detailed reports on credit portfolio quality and risk exposure for senior management.
• Collaborate with the sales and operations teams to ensure effective credit risk management practices.
• Provide training and guidance to junior risk analysts and credit officers.
• Stay informed about economic trends and their potential impact on credit risk.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, or a related field.
• A Master's degree or relevant professional certification is an advantage.
• Minimum of 7 years of experience in credit risk management within a banking or financial institution.
• In-depth knowledge of credit analysis, financial statement analysis, and risk assessment techniques.
• Strong understanding of regulatory frameworks such as Basel Accords.
• Proficiency in risk management software and databases.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong report-writing and presentation abilities.
• Leadership qualities with the ability to manage a team effectively.
• Familiarity with the economic landscape of North West province is a plus.

Benefits

• Attractive salary package commensurate with experience.
• Performance-based incentive bonuses.
• Comprehensive medical aid and pension fund contributions.
• Opportunities for continuous learning and professional development.
• A leadership role in a key financial institution in Rustenburg.
• Contribution to shaping the financial stability of the region.
• Hybrid work arrangements offering flexibility.
• A dynamic and challenging work environment within the Banking & Finance sector.