Credit Risk Manager (No Remote)

Placements24; Rustenburg; Remote; ZAR 900,000 - 1,800,000; Full time

Job summary

Placements24 in Rustenburg, North West, ZA is seeking an experienced Credit Risk Manager to lead the development and execution of the bank's credit risk management framework within a Banking & Finance context. The role is on-site and full-time, demanding strong analytical skills and regulatory knowledge.

You will drive risk-informed decisions across lending portfolios, coach a team of analysts, and report to senior management, while ensuring strict adherence to risk appetite and controls.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, or related quantitative field.
• Master's degree or professional qualification (PRM, FRM) advantageous.
• Minimum of 7 years of progressive experience in credit risk management, preferably within Banking & Finance.
• Strong understanding of credit risk modeling, financial statement analysis, and Basel Accords.

Responsibilities

• Develop and implement robust credit risk policies and procedures.
• Assess and monitor the creditworthiness of corporate and individual borrowers.
• Analyze financial statements, credit reports, and market data to evaluate risk exposure.
• Manage and optimize the credit portfolio, ensuring compliance with risk appetite.
• Develop and maintain credit scoring models and risk rating systems.
• Monitor economic and industry trends impacting credit risk.
• Report on credit risk metrics and portfolio performance to senior management.
• Lead and mentor a team of credit analysts.
• Ensure compliance with all relevant banking regulations and internal controls.

Skills

Credit risk mgmt

Credit risk modeling

Financial statement analysis

Regulatory frameworks Basel

Leadership

Risk software

Analytical tools

Communication & reporting

Education

Bachelor's degree in Finance, Economics, Statistics, or related quantitative field

Master's degree or professional qualification (PRM, FRM) advantageous

Job description

About the Role

Our client, a well-established financial institution, is seeking an experienced Credit Risk Manager to join their team in **Rustenburg, North West, ZA**. This is an on-site position, requiring full-time presence in the office to effectively manage and mitigate credit risks across the organization's lending portfolio. The successful candidate will be responsible for developing, implementing, and overseeing the credit risk management framework. This role demands a rigorous analytical approach, a deep understanding of financial regulations, and the ability to make sound judgments on credit exposure. If you are a strategic thinker with a proven track record in credit risk management within the **Banking & Finance** sector, this is an excellent opportunity to advance your career.

Key Responsibilities

• Develop and implement robust credit risk policies and procedures.
• Assess and monitor the creditworthiness of corporate and individual borrowers.
• Analyze financial statements, credit reports, and market data to evaluate risk exposure.
• Manage and optimize the credit portfolio, ensuring compliance with risk appetite.
• Develop and maintain credit scoring models and risk rating systems.
• Monitor economic and industry trends impacting credit risk.
• Report on credit risk metrics and portfolio performance to senior management.
• Lead and mentor a team of credit analysts.
• Ensure compliance with all relevant banking regulations and internal controls.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, or a related quantitative field.
• A Master's degree or professional qualification (e.g., PRM, FRM) is advantageous.
• Minimum of 7 years of progressive experience in credit risk management, preferably within the **Banking & Finance** industry.
• Strong understanding of credit risk modeling, financial statement analysis, and regulatory frameworks (e.g., Basel Accords).
• Proven ability to manage a significant credit portfolio and make informed risk decisions.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management capabilities.
• Proficiency in risk management software and advanced analytical tools.
• Excellent communication and reporting skills, with the ability to articulate complex risk issues to stakeholders.

Benefits

Our client offers a competitive salary, attractive performance bonuses, and a comprehensive benefits package. You will be part of a stable and respected financial institution with opportunities for professional development. The role provides significant responsibility and the chance to shape the risk management strategy of the company. Work within a professional environment in the heart of **North West, ZA**, contributing to the financial health and stability of the region.