Credit Risk Manager - Retail Banking

Placements24; Gauteng; In loco; ZAR 1.200.000 - 1.800.000; Tempo pieno

Vantaggi offerti da questo lavoro

Competitive remuneration package

Bonus structure

Medical aid and retirement fund

Descrizione del lavoro

Placements24 seeks an experienced Credit Risk Manager for our Tembisa, Gauteng office. You will oversee the retail credit risk portfolio, lead a team of risk analysts, and shape robust credit policies to strengthen risk management.

The candidate will hold a Master’s degree in Finance, Economics or Statistics, with 7+ years in credit risk in banking, and strong modelling and regulatory knowledge relevant to SA markets.

Competenze

• 7+ years in credit risk management in financial services, retail focus.
• Strong knowledge of Basel Accords and SA banking regulations.
• Proven leadership and development of risk professionals.
• Proficient in risk modelling and data analysis techniques.

Mansioni

• Develop and maintain credit risk policies for retail products.
• Monitor credit quality and identify emerging risks in the portfolio.
• Design and oversee credit scoring models and approval processes.
• Lead and mentor a team of credit risk analysts.
• Prepare comprehensive risk reports for senior management and Board.

Formazione

Master's degree in Finance

Master's degree in Economics

Master's degree in Statistics

Strumenti

SAS

R

Python

SQL

Descrizione del lavoro

About the Role

Our client, a reputable bank, is seeking a seasoned Credit Risk Manager to oversee and manage the credit risk portfolio for their retail banking operations in Tembisa, Gauteng . This senior position is critical in ensuring the financial health of the bank by effectively identifying, assessing, and mitigating credit risks associated with retail lending products. The successful candidate will lead a team of risk analysts, develop robust credit policies, and implement best practices in risk management. This role is based in our Tembisa, Gauteng office and requires a strong understanding of the South African financial landscape and regulatory environment. We are looking for a strategic thinker with a proven track record in credit risk management within the banking sector. The opportunity to shape credit strategies in a key growth area of the bank awaits.

Key Responsibilities

• Develop, implement, and maintain credit risk policies and procedures for retail banking products.
• Monitor and analyze the credit quality of the retail loan portfolio, identifying emerging trends and potential risks.
• Design and oversee the application of credit scoring models and approval processes.
• Manage a team of credit risk analysts, providing guidance, training, and performance management.
• Set credit limits and exposure strategies for various customer segments and product types.
• Conduct regular stress testing and scenario analysis to assess the resilience of the portfolio under adverse economic conditions.
• Liaise with regulatory bodies, internal audit, and external auditors on credit risk matters.
• Prepare comprehensive credit risk reports for senior management and the Board of Directors.
• Contribute to the development of new retail banking products by assessing their associated credit risks.
• Ensure compliance with all relevant banking regulations and internal risk appetite frameworks in Tembisa, Gauteng .

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 financial services industry, with a significant focus on retail banking.
• In-depth knowledge of credit risk modeling techniques, Basel Accords, and relevant South African banking regulations.
• Proven experience in managing and developing a team of risk professionals.
• Strong analytical and quantitative skills, with the ability to interpret complex data sets.
• Excellent understanding of financial markets and economic indicators affecting credit risk.
• Proficiency in risk management software and data analysis tools (e.g., SAS, R, Python, SQL).
• Exceptional leadership, communication, and stakeholder management skills.
• Experience working within the Tembisa, Gauteng banking sector is beneficial.
• Must possess strong strategic thinking and decision-making abilities.

Benefits

• This role offers a highly competitive remuneration package, reflecting the seniority and responsibility of the position.
• Beyond the base salary, our client provides an excellent performance-based bonus structure.
• Comprehensive medical aid and retirement fund benefits are included.
• Opportunities for professional development, executive training, and attending industry conferences are readily available.
• A supportive and collaborative work culture is promoted within our Tembisa, Gauteng office, encouraging work-life balance.
• Long-term career progression within a leading financial institution is a significant aspect of this opportunity.