Senior Credit Risk Manager

Placements24; Richards Bay; Hybrid; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Hybrid work arrangement

Relocation assistance may be offered

Job summary

Placements24 is seeking an experienced Senior Credit Risk Manager in Richards Bay to lead credit risk assessment and management functions. The role focuses on developing robust risk policies, managing the credit portfolio, and ensuring regulatory compliance across a hybrid work model.

You will guide a team of risk professionals and collaborate with lending, operations, and compliance to shape risk strategy.

Qualifications

• Master's degree in Finance, Economics, Mathematics, or related quantitative field.
• Minimum of 7 years of progressive experience in credit risk management within banking/financial services.
• Proven track record in developing and implementing credit risk frameworks and policies.
• In-depth knowledge of credit risk modeling, portfolio management, and Basel regulatory requirements.
• Strong analytical and problem-solving skills with the ability to interpret complex financial data.
• Excellent leadership, communication, and stakeholder management skills.
• Experience with credit risk software and data analysis tools.
• Ability to work effectively in a hybrid work environment.

Responsibilities

• Develop, implement, and refine credit risk policies and procedures.
• Oversee the credit approval process for corporate and retail lending.
• Monitor and analyze the credit quality of the loan portfolio, identifying potential risks and mitigation strategies.
• Conduct stress testing and scenario analysis to assess portfolio resilience.
• Ensure compliance with local and international credit risk regulations.
• Lead and mentor the credit risk team, fostering high performance.
• Prepare comprehensive credit risk reports for senior management and regulators.
• Collaborate with business units to ensure sound lending practices and risk appetite alignment.
• Develop and maintain credit scoring models and risk rating systems.

Skills

Leadership

Analytical skills

Stakeholder management

Credit risk modeling

Regulatory knowledge

Education

Master's degree in Finance/Economics/Mathematics

Tools

Credit risk software

Data analysis tools

Job description

About the Role

Our client, a prominent financial services provider in Richards Bay, KwaZulu-Natal , is looking for an experienced and strategic Senior Credit Risk Manager to lead their credit risk assessment and management functions. This pivotal role involves developing and implementing robust credit risk policies, managing the credit portfolio, and ensuring compliance with regulatory requirements. You will play a key role in mitigating financial risks, optimizing credit processes, and contributing to the company's sustainable growth. The ideal candidate will possess a deep understanding of credit risk principles, strong analytical capabilities, and proven leadership skills. This position offers the opportunity to make a significant impact within a key regional economic hub, working within a hybrid model that balances in-office collaboration with remote flexibility. You will lead a team of dedicated risk professionals and collaborate closely with lending, operations, and compliance departments. This is a leadership opportunity to shape the future of credit risk management at a respected financial institution.

Key Responsibilities

• Develop, implement, and refine credit risk policies and procedures.
• Oversee the credit approval process for corporate and retail lending.
• Monitor and analyze the credit quality of the loan portfolio, identifying potential risks and developing mitigation strategies.
• Conduct stress testing and scenario analysis to assess portfolio resilience.
• Ensure compliance with all relevant local and international credit risk regulations.
• Lead and mentor the credit risk team, fostering a high-performance culture.
• Prepare comprehensive credit risk reports for senior management and regulatory bodies.
• Collaborate with business units to ensure sound lending practices and risk appetite alignment.
• Develop and maintain credit scoring models and risk rating systems.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Minimum of 7 years of progressive experience in credit risk management within the banking or financial services sector.
• Proven track record in developing and implementing credit risk frameworks and policies.
• In-depth knowledge of credit risk modeling, portfolio management, and regulatory requirements (e.g., Basel Accords).
• Strong analytical and problem-solving skills with the ability to interpret complex financial data.
• Excellent leadership, communication, and stakeholder management skills.
• Experience with credit risk software and data analysis tools.
• Ability to work effectively in a hybrid work environment.
• Must hold or be eligible for work authorization in South Africa .

Benefits

• Attractive salary package with performance-based incentives.
• Comprehensive health, retirement, and insurance benefits.
• Hybrid work arrangement offering work-life balance.
• Professional development opportunities and support for certifications.
• Significant role in shaping the company's risk strategy.
• Relocation assistance may be considered for exceptional candidates.