Lead Credit Risk Manager

Placements24; Rustenburg; On-site; ZAR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Competitive salary

Executive health benefits

Pension plan

Relocation assistance

Job summary

Placements24 is seeking a Lead Credit Risk Manager in Rustenburg, North West to oversee and enhance the credit risk management framework. The role requires strategic thinking, advanced risk assessment, and regulatory compliance expertise to protect financial stability.

You will lead a risk team, develop robust policies, and guide decisions on large facilities and complex transactions, ensuring alignment with Basel standards and organizational risk appetite.

Qualifications

• Master's degree in Finance, Economics, Statistics or related quantitative field.
• Minimum 8 years of experience in credit risk management within financial services.
• Proven leadership experience with track record of managing and developing teams.
• In-depth knowledge of credit risk modeling, portfolio management, and regulatory frameworks (e.g., Basel Accords).
• Strong analytical and quantitative skills; experience with statistical software (R, SAS) is an advantage.
• Excellent understanding of financial markets and instruments; strong communication and decision-making skills.
• Experience in Banking & Finance sector is mandatory.

Responsibilities

• Develop, implement, and maintain the organization's credit risk strategy and policies.
• Lead and mentor the credit risk team, fostering professional development and high performance.
• Oversee the assessment and approval of large credit facilities and complex transactions.
• Monitor the credit quality of the loan portfolio, identifying potential risks and implementing mitigation strategies.
• Ensure compliance with regulatory requirements and industry best practices.
• Develop and utilize credit scoring models and risk assessment tools.
• Prepare comprehensive credit risk reports for senior management and the board of directors.
• Manage relationships with external auditors and regulators regarding credit risk matters.
• Contribute to the overall strategic direction of the company from a risk perspective.
• Conduct stress testing and scenario analysis to assess portfolio resilience.

Skills

Leadership

Credit risk modeling

Portfolio management

Regulatory frameworks

Statistical software

Analytical skills

Communication

Education

Master's degree in Finance/ Economics/ Statistics

Tools

R

SAS

Job description

About the Role

Our client is a prominent financial services provider seeking a highly accomplished Lead Credit Risk Manager to oversee and enhance their credit risk management framework in Rustenburg, North West. This senior position requires a strategic thinker with deep expertise in credit risk assessment, portfolio management, and regulatory compliance. You will be responsible for developing and implementing robust credit policies, leading a team of risk professionals, and ensuring the mitigation of potential credit losses. The successful candidate will play a critical role in safeguarding the company's financial stability by making informed decisions on credit exposure and risk appetite. This is a key leadership role within our Rustenburg operations, offering significant influence and the opportunity to shape the future of credit risk practices in a competitive market. The organization prides itself on fostering a culture of risk awareness and ethical conduct, providing an excellent platform for experienced risk professionals to excel and contribute to sustainable business growth. The role offers substantial challenges and rewards for those passionate about risk management in the financial sector.

Key Responsibilities

• Develop, implement, and maintain the organization's credit risk strategy and policies.
• Lead and mentor the credit risk team, fostering professional development and high performance.
• Oversee the assessment and approval of large credit facilities and complex transactions.
• Monitor the credit quality of the loan portfolio, identifying potential risks and implementing mitigation strategies.
• Ensure compliance with all relevant regulatory requirements and industry best practices.
• Develop and utilize credit scoring models and risk assessment tools.
• Prepare comprehensive credit risk reports for senior management and the board of directors.
• Manage relationships with external auditors and regulators regarding credit risk matters.
• Contribute to the overall strategic direction of the company from a risk perspective.
• Conduct stress testing and scenario analysis to assess portfolio resilience.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 8 years of experience in credit risk management within the financial services industry.
• Proven leadership experience, with a track record of managing and developing teams.
• In-depth knowledge of credit risk modeling, portfolio management, and regulatory frameworks (e.g., Basel Accords).
• Strong analytical and quantitative skills, with expertise in statistical software (e.g., R, SAS) being an advantage.
• Excellent understanding of financial markets and instruments.
• Exceptional communication, presentation, and interpersonal skills.
• Demonstrated ability to make sound judgments and decisions under pressure.
• Experience in the Banking & Finance sector is mandatory.
• Strategic thinking and a proactive approach to risk management.

Benefits

• Highly competitive salary and performance-based bonus structure.
• Comprehensive executive health benefits package.
• Significant annual leave allowance.
• Access to leadership development programs.
• Pension fund and life assurance.
• Opportunity to influence company strategy.
• A dynamic and challenging work environment.
• Relocation assistance may be considered for exceptional candidates.