Senior Credit Risk Analyst

Placements24; Polokwane; Hybrid; ZAR 800,000 - 1,100,000; Full time

Benefits offered by this job

Competitive salary package

Comprehensive medical coverage

Retirement savings plan

Generous paid time off

Flexible remote work within South Afr.

Job summary

Placements24 is seeking a Senior Credit Risk Analyst for a leading financial services provider in Polokwane. You will develop and validate credit scoring models, evaluate borrower financials, monitor portfolio risk, and present findings to senior management.

The ideal candidate has a Master's in a quantitative field, 5+ years in credit risk within banking, and fluency with SAS, R, Python and advanced Excel.

Qualifications

• Master's degree in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• Minimum 5 years of experience in credit risk analysis, preferably in banking/financial institution.
• Proven experience developing and implementing credit scoring models and risk assessment frameworks.
• Strong knowledge of statistical modeling and data analysis techniques.
• Proficiency in SAS, R, Python and advanced Excel.
• Understanding Basel Accords and regulatory requirements.

Responsibilities

• Develop, validate, and implement statistical credit scoring and rating models for various loan products.
• Analyze financial statements, credit reports, and other data to assess borrower creditworthiness.
• Monitor credit portfolio performance, identify trends, and manage potential deteriorations.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Prepare credit risk reports and present findings to senior management and credit committees.
• Ensure compliance with regulatory requirements and internal policies.
• Collaborate with business units to provide insights on credit risk for new products.
• Stay updated on industry best practices and regulatory changes.
• Mentor junior analysts and support risk team development.
• Assist audit processes and ensure data accuracy for risk reporting.

Skills

Analytical mindset

Strong communication

Problem solving

Mentor junior analysts

Education

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

Tools

SAS

R

Python

Excel

Job description

About the Role

Our client, a well-established financial services provider operating in Polokwane , is actively seeking a Senior Credit Risk Analyst to join their growing team. This role is essential for assessing and managing credit risk across the organization's lending portfolios. The Senior Credit Risk Analyst will be responsible for developing and implementing credit scoring models, analyzing borrower financial data, monitoring portfolio risk, and providing strategic recommendations to mitigate potential losses. This position requires a strong analytical aptitude, a thorough understanding of credit risk principles, and experience within the financial sector of Limpopo .

Key Responsibilities

• Develop, validate, and implement statistical credit scoring and rating models for various loan products.
• Analyze financial statements, credit reports, and other relevant data to assess the creditworthiness of borrowers.
• Monitor the performance of the credit portfolio, identify trends, and proactively manage potential credit deteriorations.
• Conduct stress testing and scenario analysis on the credit portfolio to assess resilience.
• Prepare regular credit risk reports and present findings and recommendations to senior management and credit committees.
• Ensure compliance with regulatory requirements and internal credit policies and procedures.
• Collaborate with business units to provide insights on credit risk aspects of new product development and business strategies.
• Stay updated on industry best practices and regulatory changes impacting credit risk management.
• Mentor junior analysts and contribute to the development of the credit risk team.
• Support audit processes and ensure data accuracy for risk reporting.

Requirements

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 5 years of experience in credit risk analysis, preferably within a banking or financial institution.
• Proven experience in developing and implementing credit scoring models and risk assessment frameworks.
• Strong knowledge of statistical modeling, data analysis techniques, and financial statement analysis.
• Proficiency in statistical software (e.g., SAS, R, Python) and advanced Excel skills.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and presentation skills, with the ability to convey complex information effectively.
• Understanding of regulatory requirements related to credit risk (e.g., Basel Accords).
• Experience working within the Polokwane or broader Limpopo financial landscape is advantageous.
• Ability to work independently and collaboratively in a deadline-driven environment.

Benefits

• Our client offers a competitive salary package commensurate with experience, along with performance-based incentives.
• Comprehensive medical coverage.
• A retirement savings plan.
• Generous paid time off.
• This role offers a flexible remote work arrangement, allowing qualified candidates to work from anywhere within South Africa , with occasional travel to Polokwane required.
• We provide excellent opportunities for professional growth, continuous learning, and career advancement within a supportive and dynamic work environment.