Credit Risk Solutions Manager

Megan Forg Consulting; Johannesburg; On-site; ZAR 750 000; Full time

Job summary

A leading company in Johannesburg is seeking a Credit Risk Solutions Manager to assist clients with complex statistical models for financial risk quantification. This role involves technical model auditing, project management, and team leadership, offering exposure to advanced modeling techniques and technologies.

Qualifications

• Minimum of 3 years’ experience in credit risk.
• Relevant experience in a quantitative credit risk-based role.
• Able to read, interpret and create software code.

Responsibilities

• Development and review of credit risk models for provisioning and regulatory capital.
• Support managing projects in planning, execution, and close-out phases.
• Assist with coding and automation of financial risk management models.

Skills

Statistical techniques

Organisational skills

Time management

Communication skills

Coaching and mentoring

Education

Honours or master’s degree in a quantitative discipline

Tools

Python

R

SAS

Job description

Credit Risk Solutions Manager required in Illovo, Johannesburg.

Exciting opportunity to join a business unit as a Credit Risk Solutions Manager with the main purpose being to assist clients with the development and review of often complex statistical models used to quantify financial risks. The CRS team is made up of credit risk modellers and analysts from a broad and diverse range of quantitative backgrounds, including mathematics, statistics, engineering and actuarial.

As a Manager you will not only have a technical specialist role in the auditing and the development of credit risk models (IFRS9, scorecards, etc.), but also assist the Associate Directors with responsibilities with regard to the planning, organization and quality control of projects. The role offers exposure to a wide range of modelling techniques used by banks ranging from smaller local credit providers to globally systemically important banks. It also provides access to the latest technologies and developments, and you will be able to hone your coding skills in packages like Python, R and SAS.

Salary: R750k per annum.

Requirements:

• Honours or master’s degree in a quantitative discipline such as Quantitative Finance, Mathematics, Statistics or equivalent, FRM advantageous
• Minimum of 3 years’ experience in credit risk
• Relevant experience within a quantitative credit risk-based role
• Well versed in contemporary statistical techniques and practices in credit risk modelling.
• Able to read, interpret and create software code, and relevant experience with modern computing languages related to credit risk modelling (e.g. SAS, Python, or R)
• Strong organisational and time management skills
• Proven track record of managing and delivering small workstreams
• Experience of managing teams, coaching and mentoring junior staff
• Able to work effectively in a fast-paced environment with conflicting priorities and deadlines.
• Good presentation and communication skills with ability to articulate quantitative concepts to both technical and non-technical individuals
• Participating in building a coaching culture aimed at getting the best out of others in an environment where everyone in the team feels empowered to speak up or challenge where appropriate.

Responsibilities:

• Development and review of credit risk model both for provisioning and regulatory capital requirement purposes
• Support with managing projects in the planning/budgeting, execution, and close-out phases.
• Assisting with the coding and automation of financial risk management models
• Participating in building a coaching culture aimed at getting the best out of others in an environment where everyone in the team feels empowered to speak up or challenge where appropriate.