Lead Credit Risk Manager

Placements24; Cape Town; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Bonus potential

Health insurance

Retirement benefits

Relocation assistance

Career development opportunities

Job summary

Placements24 is seeking an experienced Lead Credit Risk Manager in Cape Town to oversee and enhance the credit risk framework, ensuring regulatory compliance and robust risk controls. You will lead a team of risk professionals, shaping policy and strategy in a dynamic banking environment.

The ideal candidate has 7+ years in credit risk, deep understanding of credit scoring, stress testing, and Basel III, plus strong leadership and communication skills for cross-functional collaboration.

Qualifications

• Master's degree in Finance, Economics, Statistics or a related quantitative field.
• 7+ years of progressive experience in credit risk management within financial services.
• Expertise in credit scoring, portfolio analysis, stress testing, and Basel III.
• Proven leadership with experience building and mentoring high-performing teams.
• Strong communication and analytical problem-solving skills.

Responsibilities

• Develop and maintain credit risk policies and procedures.
• Lead analysis and assessment of credit risk across portfolios.
• Oversee credit limits, exposure monitoring, and early warning systems.
• Ensure regulatory compliance and industry best practices.
• Mentor a team of credit risk analysts and officers.
• Collaborate with business units on risk implications of new products.

Skills

Credit risk management

Leadership

Analytical thinking

Quantitative analysis

Regulatory knowledge

Communication skills

Education

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

Tools

Basel III understanding

Credit scoring models

Job description

About the Role

Our client is seeking an experienced and strategic Lead Credit Risk Manager to oversee and enhance their credit risk management framework in Cape Town . This senior position is crucial for safeguarding the company's financial health by developing robust credit policies, managing risk exposure, and ensuring compliance with regulatory requirements within the banking sector. You will lead a team of risk professionals, fostering a culture of risk awareness and sound decision-making. The ideal candidate possesses a deep understanding of credit risk principles, a proven track record in risk mitigation, and the leadership capabilities to guide the organization through evolving market dynamics and regulatory landscapes.

Key Responsibilities

• Develop, implement, and maintain comprehensive credit risk policies and procedures.
• Lead the analysis and assessment of credit risk across various portfolios and financial products.
• Oversee the management of credit limits, exposure monitoring, and early warning systems.
• Ensure compliance with all relevant regulatory requirements and industry best practices.
• Manage and mentor a team of credit risk analysts and officers, fostering professional growth.
• Collaborate with business units to provide expert advice on credit risk implications of new products and strategies.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• At least 7 years of progressive experience in credit risk management within the financial services industry.
• Demonstrated expertise in credit scoring, portfolio analysis, stress testing, and regulatory frameworks (e.g., Basel III).
• Proven leadership experience with the ability to manage and develop a high-performing team.
• Strong analytical, quantitative, and problem-solving skills, coupled with excellent communication abilities.

Benefits

• Highly competitive salary package with substantial bonus potential.
• Comprehensive health insurance and retirement benefits.
• Significant opportunities for career advancement and professional development.
• Relocation assistance may be considered for exceptional candidates.
• A dynamic and challenging work environment in the heart of Cape Town 's financial district.