Credit Risk Manager

Placements24; Upington; On-site; ZAR 900,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Medical benefits

Retirement benefits

Professional development

Location: Upington

Job summary

Placements24 is seeking an experienced Credit Risk Manager for an on-site role in Upington, Northern Cape, ZA. You will oversee credit risk across the lending portfolio, develop robust policies, and ensure regulatory compliance within the banking sector.

The ideal candidate has 7+ years in credit risk management, strong analytical skills, and experience with credit scoring models. This role offers a stable environment and opportunities for professional growth.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, or related field.
• Minimum 7 years of experience in credit risk management or corporate lending.
• Strong financial statement analysis and credit analysis techniques.
• Knowledge of Basel regulatory frameworks and risk reporting.
• Excellent analytical, communication, and presentation skills.

Responsibilities

• Develop and maintain credit risk policies and procedures.
• Analyze loan portfolios to assess credit risk exposure.
• Conduct credit assessments for large corporate clients.
• Monitor credit limits, covenants, and collateral.
• Develop credit scoring models and risk rating systems.
• Prepare credit risk reports for management and regulators.
• Manage impaired loans and distressed debt workouts.
• Liaise with internal and external auditors and regulators.

Skills

Credit risk management

Credit analysis

Regulatory compliance

Financial statement analysis

Risk assessment

Communication skills

Education

Bachelor's degree in Finance/Economics/Accounting

Tools

Credit risk modeling tools

Job description

About the Role

Our client, a well-established financial services provider, is seeking an experienced Credit Risk Manager to join their team in Upington, Northern Cape, ZA. This is an on-site role essential for the direct oversight and management of credit risk across the organization's lending portfolio. You will be responsible for developing and implementing robust credit risk policies, procedures, and frameworks to ensure the soundness of our financial assets. The ideal candidate will possess a strong understanding of credit analysis, risk mitigation strategies, and regulatory compliance within the banking sector. You will play a vital role in safeguarding the financial health of the institution by proactively identifying and managing potential credit exposures.

Key Responsibilities

• Develop, implement, and maintain comprehensive credit risk management policies and procedures.
• Analyze loan portfolios to assess credit risk exposure and identify potential areas of concern.
• Conduct thorough credit assessments for large corporate clients and complex financial structures.
• Monitor credit limits, covenants, and collateral requirements, ensuring compliance and adequacy.
• Develop and refine credit scoring models and risk rating systems.
• Prepare detailed credit risk reports for senior management and regulatory bodies.
• Manage the process for impaired loans and distressed debt, including workout strategies.
• Stay updated on relevant regulations and industry best practices in credit risk management.
• Liaise with internal audit, external auditors, and regulators on credit risk-related matters.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management, corporate lending, or a similar banking role.
• Strong understanding of financial statement analysis, credit analysis techniques, and risk assessment methodologies.
• Proficiency in regulatory requirements related to credit risk (e.g., Basel accords).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication and presentation skills, with the ability to articulate complex risk issues.
• Experience with credit risk modeling and reporting tools is advantageous.
• High level of integrity and ethical conduct.

Benefits

• Competitive salary and potential for performance-based bonuses.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and certifications.
• Exposure to diverse credit portfolios and challenging risk scenarios.
• Stable and supportive work environment in Upington, Northern Cape, ZA.
• Paid time off and company holidays.
• Career progression within a growing financial institution.