Senior Credit Risk Analyst

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

Benefits offered by this job

Competitive salary

Performance bonuses

Medical aid

Retirement fund

Professional development

Generous leave

Employee assistance

Career progression

Job summary

Placements24 is seeking a Senior Credit Risk Analyst to assess and manage credit risk across the lending portfolio in a hybrid setup in Paarl, Western Cape. The role involves developing and maintaining credit risk models, conducting portfolio analysis, and recommending risk mitigations.

Strong statistical modeling and financial statement analysis are essential. The ideal candidate has 5+ years in credit risk, proficiency in R/Python/SAS and SQL, and excellent communication skills to convey

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A Master's degree is advantageous.
• Minimum of 5 years of experience in credit risk analysis or a related field within a financial institution.
• Proven experience in developing and implementing credit risk models.
• Strong knowledge of financial statement analysis and corporate finance principles.
• Proficiency in statistical software (R, Python, SAS) and SQL.

Responsibilities

• Develop, validate, and implement statistical credit risk models (e.g., PD, LGD, EAD).
• Analyze credit portfolios to identify trends, concentrations, and emerging risks.
• Perform stress testing and scenario analysis on the credit portfolio.
• Monitor KRIs and report on portfolio risk exposure to senior management.
• Review large or complex credit applications, providing expert recommendations.
• Contribute to development and refinement of credit policies and procedures.
• Ensure compliance with regulatory requirements related to credit risk management.
• Collaborate with business units to understand risk appetite and implement mitigation strategies.
• Prepare clear reports and presentations on credit risk for stakeholders.
• Stay updated on best practices and emerging trends in credit risk management.

Skills

Credit risk analysis

Statistical modeling

Financial statement analysis

Analytical skills

Communication skills

Education

Bachelor's degree in finance/economics/statistics/mathematics

Master's degree advantageous

Tools

R

Python

SAS

SQL

Job description

About the Role Our client, a prominent financial services provider with a significant presence in Paarl, Western Cape , is seeking a highly analytical and experienced Senior Credit Risk Analyst . This role is integral to assessing and managing credit risk across the organization's lending portfolio. You will be responsible for developing, implementing, and maintaining credit risk models, performing portfolio analysis, and providing recommendations to mitigate potential losses. The ideal candidate possesses a strong understanding of credit risk frameworks, statistical modeling, and financial statement analysis. This position requires a hybrid work arrangement, fostering collaboration while offering flexibility. Join a dedicated team and contribute to the sound financial health of the institution within the beautiful Paarl region.

Key Responsibilities

• Develop, validate, and implement statistical credit risk models (e.g., probability of default, loss given default, exposure at default).
• Analyze credit portfolios to identify trends, concentrations, and emerging risks.
• Perform stress testing and scenario analysis on the credit portfolio.
• Monitor key risk indicators (KRIs) and report on portfolio risk exposure to senior management.
• Review and assess large or complex credit applications, providing expert recommendations.
• Contribute to the development and refinement of credit policies and procedures.
• Ensure compliance with regulatory requirements related to credit risk management.
• Collaborate with business units to understand risk appetite and implement effective risk mitigation strategies.
• Prepare clear and concise reports and presentations on credit risk for various stakeholders.
• Stay updated on best practices and emerging trends in credit risk management.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A Master's degree is advantageous.
• Minimum of 5 years of experience in credit risk analysis or a related field within a financial institution.
• Proven experience in developing and implementing credit risk models.
• Strong knowledge of financial statement analysis and corporate finance principles.
• Proficiency in statistical software (e.g., R, Python, SAS) and database management (SQL).
• Excellent analytical, problem-solving, and quantitative skills.
• Strong communication and presentation skills, with the ability to explain complex risk concepts clearly.
• Ability to work effectively in a hybrid environment, collaborating with cross-functional teams.
• Familiarity with South African financial regulations is a plus.
• Previous experience in Paarl, Western Cape or willingness to commute is expected.

Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Opportunities for professional development and certifications.
• Generous annual leave and paid time off.
• A stable and supportive work environment.
• Exposure to a diverse credit portfolio.
• Employee assistance programs.
• Potential for career advancement within the organization.