Remote Credit Risk Analyst

Placements24; Gauteng; Hybrid; ZAR 420,000 - 660,000; Full time

Benefits offered by this job

Health insurance

Remote work setup provided

Generous paid time off

Job summary

Placements24 is seeking a proactive Credit Risk Analyst for a fully remote role supporting operations nationwide in South Africa. You will assess borrower creditworthiness, develop statistical models for scoring and forecasting, and monitor portfolio risk to safeguard financial health.

The position requires strong quantitative skills, experience in credit risk analysis, and proficiency with SAS, R, and Python.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• Proven experience in credit risk analysis, preferably within banking/financial services.
• Strong quantitative and analytical modeling skills; proficient in SAS, R, Python.

Responsibilities

• Analyze credit applications, financial statements, and market data to assess borrower creditworthiness.
• Develop, validate, and implement statistical models for credit scoring, loss forecasting, and portfolio risk management.
• Monitor the performance of credit portfolios, identifying trends and potential areas of concern.
• Formulate and recommend credit policies and procedures to manage risk effectively.
• Prepare detailed reports on credit risk exposure, policy adherence, and portfolio quality for senior management.
• Stay updated on regulatory changes and industry best practices in credit risk management.

Education

Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field

Tools

SAS

R

Python

Job description

About the Role

Our client is looking for a proactive and analytical Credit Risk Analyst to join their fully remote team, supporting operations nationwide. This role is critical in assessing and mitigating credit risks associated with lending and financial products. You will be responsible for developing and implementing credit risk models, policies, and procedures to safeguard the company's financial health. This is an excellent opportunity for a skilled professional to leverage their expertise in a remote setting, contributing to sound financial decision-making from anywhere.

Key Responsibilities

• Analyze credit applications, financial statements, and market data to assess borrower creditworthiness.
• Develop, validate, and implement statistical models for credit scoring, loss forecasting, and portfolio risk management.
• Monitor the performance of credit portfolios, identifying trends and potential areas of concern.
• Formulate and recommend credit policies and procedures to manage risk effectively.
• Prepare detailed reports on credit risk exposure, policy adherence, and portfolio quality for senior management.
• Stay updated on regulatory changes and industry best practices in credit risk management.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Proven experience in credit risk analysis, preferably within the banking or financial services sector.
• Strong quantitative and analytical skills with expertise in statistical modeling techniques.
• Proficiency in data analysis tools such as SAS, R, Python, or similar.
• Excellent written and verbal communication skills, essential for remote collaboration.
• Ability to work independently and manage multiple priorities effectively in a remote work environment.

Benefits

• Competitive salary package commensurate with experience.
• Full remote work arrangement, offering flexibility and work-life balance.
• Comprehensive health, dental, and vision insurance coverage.
• Opportunities for professional development and certifications in risk management.
• Generous paid time off and company-provided technology for remote work.