Risk Manager

Placements24; Gauteng; On-site; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Medical aid

Life insurance

Provident fund

Career advancement opportunities

Job summary

Placements24 is seeking an experienced Credit Risk Manager to oversee and strengthen the credit risk framework in Tembisa. You will lead a risk team, develop robust policies, and ensure adherence to regulatory guidelines within the South African financial sector.

The ideal candidate will have deep expertise in credit analysis, risk modeling, and the ability to influence risk strategy in a major operational hub. A strong track record in developing credit scoring tools is essential.

Qualifications

• Master's degree in Finance, Economics, Statistics, or related field.
• 7+ years of experience in credit risk management or a similar role.
• Experience developing and applying credit scoring models.
• Strong knowledge of Basel Accords and banking regulation.

Responsibilities

• Develop, implement, and monitor credit risk policies and procedures to ensure compliance and effectiveness.
• Analyze credit applications, financial statements, and market data to assess the creditworthiness of clients and counterparties.
• Manage and monitor the credit portfolio, identifying potential risks and implementing mitigation strategies.
• Lead and mentor the credit risk team, fostering a culture of diligence and continuous improvement.
• Prepare regular reports on credit risk exposure, portfolio quality, and emerging trends for senior management.
• Collaborate with sales and operations teams to balance risk appetite with business growth objectives.

Skills

Credit risk management

Credit analysis

Risk modeling

Regulatory compliance

Education

Master's degree in Finance

Job description

Our client seeks an experienced Credit Risk Manager to oversee and strengthen their credit risk management framework in Tembisa . This role is critical for safeguarding the company's financial assets by meticulously assessing and mitigating credit exposures. You will lead a team of risk professionals, develop robust policies, and ensure adherence to regulatory guidelines. The ideal candidate will possess a deep understanding of credit analysis, risk modeling, and the broader economic factors influencing lending decisions within the South African financial sector. This is a significant opportunity to shape risk strategy in a key operational hub.

About the Role

Our client seeks an experienced Credit Risk Manager to oversee and strengthen their credit risk management framework in Tembisa . This role is critical for safeguarding the company's financial assets by meticulously assessing and mitigating credit exposures. You will lead a team of risk professionals, develop robust policies, and ensure adherence to regulatory guidelines. The ideal candidate will possess a deep understanding of credit analysis, risk modeling, and the broader economic factors influencing lending decisions within the South African financial sector. This is a significant opportunity to shape risk strategy in a key operational hub.

Key Responsibilities

• Develop, implement, and monitor credit risk policies and procedures to ensure compliance and effectiveness.
• Analyze credit applications, financial statements, and market data to assess the creditworthiness of clients and counterparties.
• Manage and monitor the credit portfolio, identifying potential risks and implementing mitigation strategies.
• Lead and mentor the credit risk team, fostering a culture of diligence and continuous improvement.
• Prepare regular reports on credit risk exposure, portfolio quality, and emerging trends for senior management.
• Collaborate with sales and operations teams to balance risk appetite with business growth objectives.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of experience in credit risk management, credit analysis , or a similar role within the financial services industry.
• Proven experience in developing and applying credit scoring models and risk assessment tools.
• Strong knowledge of regulatory requirements (e.g., Basel Accords) applicable to banking institutions.
• Excellent leadership, analytical, and problem-solving skills.

Benefits

• An attractive salary package commensurate with experience.
• Full suite of benefits including medical aid, life insurance, and a provident fund.
• Significant opportunities for career advancement within the organization.
• Direct impact on the company's risk strategy and financial stability.
• A challenging and rewarding role based in the vibrant community of Tembisa .