Senior Credit Risk Analyst

Placements24; Bloemfontein; Hybrid; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Pension plan

Annual leave

Hybrid work

Professional development

Job summary

Placements24 is seeking a Senior Credit Risk Analyst to join the Risk Management division in Bloemfontein. The role focuses on analyzing credit risk across the portfolio, developing scoring models, monitoring risk, and contributing to credit policies.

A hybrid work setup is offered to balance on-site collaboration with flexibility. The ideal candidate has strong analytical skills, expertise in credit risk principles, statistical modeling, and data analysis tools, with 5+ years in a similar

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics or related quantitative field.
• Minimum 5 years of experience in credit risk analysis within banking/financial services.
• Proficiency in statistical analysis and modeling techniques.

Responsibilities

• Analyze credit risk for loan applications and corporate clients.

Skills

Credit risk analysis

Statistical modeling

Data analysis

Regulatory knowledge

Portfolio monitoring

Model development

Communication skills

Education

Bachelor's degree in Finance/Economics/Statistics/Mathematics

Tools

Statistical software

Credit risk software

Databases

Job description

About the Role

Our client, a prominent banking group, is seeking an experienced Senior Credit Risk Analyst to join their Risk Management division in Bloemfontein, Free State, ZA . This role is crucial in assessing and managing credit risk across the bank's lending portfolio, ensuring the soundness of its financial operations. You will be responsible for analyzing credit applications, developing credit scoring models, monitoring portfolio risk, and contributing to the formulation of credit policies. The ideal candidate will possess strong analytical acumen, a deep understanding of credit risk principles, and proficiency in statistical modeling and data analysis tools. This position offers a hybrid work arrangement, providing flexibility while ensuring essential on-site collaboration. You will play a key role in safeguarding the bank's financial health and contributing to strategic decision-making.

Key Responsibilities

• Analyze credit risk associated with individual loan applications and complex corporate clients.
• Develop, implement, and maintain credit scoring models and methodologies.
• Monitor the performance of the credit portfolio, identifying potential risks and trends.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Review and recommend revisions to credit policies and procedures.
• Prepare detailed credit risk reports for senior management and regulatory bodies.
• Collaborate with loan officers and business units to ensure adherence to credit standards.
• Stay updated on industry best practices and regulatory changes in credit risk management.
• Assist in the development and implementation of new credit risk management tools and systems.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 5 years of experience in credit risk analysis or a similar role within the banking or financial services industry.
• Strong understanding of credit risk assessment frameworks, financial statement analysis, and loan underwriting.
• Proficiency in statistical analysis and modeling techniques.
• Experience with credit risk management software and databases.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong communication, presentation, and interpersonal skills.
• Ability to work effectively in a hybrid work environment, demonstrating strong organizational skills.
• Knowledge of Basel Accords and other relevant banking regulations is an advantage.

Benefits

• Our client offers a competitive salary, commensurate with experience, and a performance-based bonus structure.
• Employees benefit from a comprehensive medical aid plan, a company pension fund, and generous annual leave.
• The hybrid work model supports a healthy work-life balance.
• Opportunities for professional development and training in advanced risk management techniques are provided.
• You will work in a supportive team environment within a reputable financial institution, contributing to its stability and growth.