Remote Credit Risk Manager

Placements24; Mossel Bay; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Executive bonus opportunities

Fully remote work arrangement

Professional development allowance

Comprehensive benefits

Job summary

Placements24 is seeking an experienced Remote Credit Risk Manager to oversee the credit risk framework for a South African financial services client. The role is fully remote with occasional gatherings near Mossel Bay.

You will develop risk policies, model PD/LGD/EAD, monitor portfolios, ensure Basel compliance, and lead a scoring and analytics team to strengthen risk controls. This position offers executive bonus opportunities and a comprehensive benefits package, with autonomy to shape the

Qualifications

• Master’s degree in Finance, Economics, Statistics, or related quantitative field.
• 6+ years of progressive experience in credit risk management, preferably in Banking & Finance.
• Experience developing and implementing credit risk models (PD, LGD, EAD).

Responsibilities

• Develop, implement, and maintain robust credit risk policies and procedures.
• Analyze loan portfolios to identify concentrations, assess risk levels, and forecast potential losses.
• Design and validate credit scoring models and other risk assessment tools.
• Monitor economic trends and industry developments to proactively identify emerging credit risks.
• Work with business units to ensure prudent lending practices and effective risk management.
• Prepare regular reports on credit risk exposure, performance, and capital adequacy for senior management and regulatory bodies.
• Ensure compliance with relevant legislation, regulations (e.g., Basel Accords), and internal risk appetite.
• Lead and mentor a team of credit analysts, fostering a culture of strong risk management.
• Investigate and recommend strategies for mitigating identified credit risks.

Skills

Credit risk management

Credit risk modeling

Leadership

Communication

Remote work

Data analysis

Education

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

Tools

R

SAS

Job description

About the Role

Our client, a rapidly expanding financial services provider, is seeking an experienced and strategic Remote Credit Risk Manager to oversee and enhance their credit risk framework. This is a fully remote position, allowing you to contribute from anywhere within South Africa, with preference given to those near Mossel Bay, Western Cape for potential infrequent team gatherings. You will play a pivotal role in assessing creditworthiness, developing risk mitigation strategies, and ensuring compliance with regulatory requirements within the Banking & Finance sector. The ideal candidate possesses a deep understanding of credit risk modeling, portfolio management, and regulatory landscapes, and excels in a remote, independent work setting.

Key Responsibilities

• Develop, implement, and maintain robust credit risk policies and procedures.
• Analyze loan portfolios to identify concentrations, assess risk levels, and forecast potential losses.
• Design and validate credit scoring models and other risk assessment tools.
• Monitor economic trends and industry developments to proactively identify emerging credit risks.
• Work with business units to ensure prudent lending practices and effective risk management.
• Prepare regular reports on credit risk exposure, performance, and capital adequacy for senior management and regulatory bodies.
• Ensure compliance with relevant legislation, regulations (e.g., Basel Accords), and internal risk appetite.
• Lead and mentor a team of credit analysts, fostering a culture of strong risk management.
• Investigate and recommend strategies for mitigating identified credit risks.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• At least 6 years of progressive experience in credit risk management, preferably within the Banking & Finance industry.
• Proven experience in developing and implementing credit risk models (e.g., PD, LGD, EAD).
• Strong knowledge of financial markets, credit products, and regulatory requirements.
• Proficiency in statistical software (e.g., R, SAS) and data analysis tools.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management capabilities.
• Exceptional communication and presentation skills, able to convey complex risk concepts effectively.
• Demonstrated ability to work autonomously and manage responsibilities effectively in a remote environment.

Benefits

• Competitive salary and executive bonus opportunities.
• Fully remote work arrangement, offering exceptional work-life balance.
• Opportunity to shape the credit risk strategy of a growing financial institution.
• Comprehensive medical, dental, and vision coverage.
• Generous retirement savings plan.
• Professional development allowance for continuous learning.
• Significant autonomy and responsibility.
• Access to advanced risk management software and resources.