Lead Credit Risk Manager

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

Benefits offered by this job

Performance-based bonus

Medical aid

Retirement fund

Life insurance

Job summary

Placements24 is seeking an accomplished Lead Credit Risk Manager in Durban to guide the credit risk division within a major financial institution. This on-site role demands strategic leadership and deep expertise in credit portfolios, risk policies, and regulatory compliance.

You will develop robust risk frameworks, mentor analysts, approve risk decisions, and report exposures to senior management, aligning risk and business objectives in a dynamic banking environment.

Qualifications

• Master's degree in finance, economics, or related field.
• 8+ years in credit risk with leadership experience.
• Knowledge of Basel Accords and regulatory requirements.
• Experience developing credit policies and procedures.
• Strong leadership and communication skills.

Responsibilities

• Develop and maintain credit risk frameworks and policies.
• Lead and mentor the credit risk team.
• Oversee credit applications and risk appetite adherence.
• Monitor credit quality and implement mitigations.
• Develop scoring models and early warning systems.
• Report on risk exposure to management and regulators.
• Collaborate with business units for risk/reward balance.
• Stay updated on market trends and regulations.

Skills

Credit risk management

Leadership

Policy development

Portfolio management

Financial analysis

Education

Master's degree in Finance, Economics, or Business Administration

Tools

Credit risk software

Excel

Job description

About the Role

Our client, a prominent and respected financial institution operating out of Durban, KwaZulu-Natal, is seeking an accomplished Lead Credit Risk Manager to spearhead their credit risk division. This is a critical, on-site role that demands strong leadership and extensive expertise in managing credit portfolios within the Banking & Finance industry. The successful candidate will be responsible for overseeing all aspects of credit risk assessment, policy development, and portfolio management to safeguard the company's financial stability and compliance. This opportunity is ideal for a seasoned risk professional eager to take on greater responsibility in a bustling coastal city.

Key Responsibilities

• Develop, implement, and maintain robust credit risk management frameworks and policies.
• Lead and mentor a team of credit risk analysts and officers, fostering a high-performance culture.
• Oversee the assessment and approval of credit applications, ensuring adherence to risk appetite and regulatory guidelines.
• Monitor the credit quality of the loan portfolio, identifying potential risks and implementing mitigation strategies.
• Develop and refine credit scoring models and early warning systems.
• Prepare detailed reports and presentations on credit risk exposure and portfolio performance for senior management and regulatory bodies.
• Collaborate with business units to ensure a balanced approach to risk and reward.
• Stay informed about market trends, economic conditions, and regulatory changes impacting credit risk.

Requirements

• Master's degree in Finance, Economics, Business Administration, or a related quantitative field.
• Minimum of 8 years of experience in credit risk management, with a significant portion in a leadership capacity.
• In-depth knowledge of credit risk assessment methodologies, financial statement analysis, and regulatory requirements (e.g., Basel Accords).
• Proven experience in developing and implementing credit policies and procedures.
• Strong leadership, team management, and interpersonal skills.
• Excellent analytical, problem-solving, and decision-making abilities.
• Proficiency in credit risk management software and tools; advanced Excel skills are essential.
• Exceptional communication and presentation skills, with the ability to influence stakeholders at all levels.

Benefits

• Our client offers a highly competitive salary, an attractive performance-based bonus, and a comprehensive benefits package including medical aid, a substantial retirement fund, and life insurance.