Senior Credit Risk Manager

Placements24; Mossel Bay; On-site; ZAR 1,200,000 - 2,100,000; Full time

Benefits offered by this job

Base salary + bonuses

Medical aid and pension fund

Career development and certifications

Relocation assistance (if applicable)

Advanced risk management tools and培训

Job summary

Placements24 clients a major South African bank in Mossel Bay, Western Cape, seeking a Senior Credit Risk Manager to lead credit risk assessment and management. The role involves developing robust policies and frameworks to safeguard the bank's lending portfolio.

You will analyse complex credit applications, monitor portfolio health, mentor analysts, and prepare reports for senior management and regulators. This is a full-time, in-office role in Mossel Bay with strong growth potential.

Qualifications

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 8 years of experience in credit risk management, corporate banking, or financial analysis within the banking sector.
• Strong understanding of Basel Accords and South African banking regulations.

Responsibilities

• Develop, implement, and maintain credit risk policies and procedures aligned with regulatory standards.
• Oversee analysis of credit applications for complex corporate and commercial clients, ensuring risk Appetite adherence.
• Monitor credit quality of loan portfolio and identify early warnings of distress.
• Develop and utilize credit scoring models and risk rating systems.
• Manage and mentor a team of credit analysts and risk officers.
• Prepare comprehensive credit risk reports for senior management and regulatory bodies.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Collaborate with business units to guide credit risk appetite and best practices.
• Ensure compliance with banking regulations and internal policies.

Skills

Leadership

Analytical thinking

Communication

Education

Master's degree in Finance/Economics/Statistics

Job description

About the Role

Our client, a major South African bank, is seeking an experienced Senior Credit Risk Manager to lead their credit risk assessment and management functions in Mossel Bay, Western Cape . This pivotal role involves developing and implementing robust credit risk policies, methodologies, and frameworks to ensure the stability and profitability of the bank's lending portfolio. You will be responsible for analyzing credit applications, monitoring portfolio health, and mitigating potential credit losses. The position requires a deep understanding of credit risk principles, financial analysis, regulatory requirements, and strong leadership capabilities. As this role is essential for direct client engagement and team oversight, it requires a full-time, in-office presence. Join our client's esteemed team and play a crucial role in safeguarding the financial integrity of the institution within the beautiful coastal city of Mossel Bay .

Key Responsibilities

• Develop, implement, and maintain credit risk policies and procedures aligned with regulatory standards and business objectives.
• Oversee the analysis of credit applications for complex corporate and commercial clients, ensuring adherence to risk appetite.
• Monitor the credit quality of the bank's loan portfolio, identifying early warning signs of distress.
• Develop and utilize credit scoring models and risk rating systems.
• Manage and mentor a team of credit analysts and risk officers.
• Prepare comprehensive credit risk reports for senior management and regulatory bodies.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Collaborate with business units to provide guidance on credit risk appetite and best practices.
• Ensure compliance with all relevant banking regulations and internal policies.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 8 years of experience in credit risk management, corporate banking, or financial analysis within the banking sector.
• In-depth knowledge of credit risk assessment techniques, financial statement analysis, and credit modeling.
• Strong understanding of Basel Accords and relevant South African banking regulations.
• Proven leadership and team management skills.
• Excellent analytical, problem-solving, and decision-making capabilities.
• Proficiency in using credit risk management software and tools.
• Strong report writing and presentation skills.
• Ability to work effectively under pressure and meet tight deadlines in an office environment.
• Must be legally authorized to work in South Africa .

Benefits

• Attractive base salary and performance-related bonuses.
• Comprehensive medical aid and pension fund.
• Opportunities for continuous professional development and certifications.
• Significant career advancement potential within a leading financial institution.
• Be part of a stable and reputable organization in a scenic location.
• Relocation assistance may be considered for exceptional candidates.
• Access to advanced risk management technologies and training.
• Dynamic team environment in Mossel Bay, Western Cape .