Senior Credit Risk Manager - Corporate Banking

Placements24; Centurion; Hybrid; ZAR 1,100,000 - 1,700,000; Full time

Benefits offered by this job

Competitive remuneration package

Medical aid and retirement benefits

Hybrid work environment

Job summary

Placements24 is seeking a Senior Credit Risk Manager for a prominent financial institution in Centurion, Gauteng. You will lead corporate banking risk, shaping risk appetite, policies, and modeling frameworks to protect the loan portfolio.

The role requires 8–10 years in credit risk within corporate banking, advanced analytical skills, and strong leadership to drive performance while ensuring Basel III/IV compliance and prudent risk-taking in a hybrid work setting.

Qualifications

• Master's degree in Finance, Economics, Mathematics or related quantitative field.
• CFA or FRM qualifications are highly desirable.
• 8–10 years of experience in credit risk management within corporate or commercial banking.
• Strong knowledge of credit risk methodologies, financial statement analysis, and loan structuring.

Responsibilities

• Develop, implement, and refine credit risk policies, procedures, and appetite statements for corporate banking.
• Oversee assessment and approval of significant corporate credit facilities with compliance to risk standards.
• Monitor credit quality of the corporate loan portfolio and implement mitigation strategies.
• Analyze financial statements, market data, and economic conditions to assess creditworthiness.
• Lead a team of credit analysts and risk officers with mentorship and performance management.
• Develop and maintain credit risk models (PD, LGD, EAD).
• Report on credit risk exposures, portfolio performance, and emerging risks to senior management and board.
• Ensure compliance with Basel III/IV and internal risk guidelines.
• Engage with regulators, auditors, and relationship managers on credit risk matters.
• Contribute to strategic planning and business development from a risk perspective.

Skills

Leadership

Analytical thinking

Communication

Regulatory knowledge

Education

Master's degree in Finance, Economics, Mathematics

Tools

Risk management software

Job description

About the Role

Our client, a prominent financial institution, is seeking an experienced and strategic Senior Credit Risk Manager to lead their corporate banking risk division in Centurion, Gauteng. This senior role involves developing and implementing robust credit risk management frameworks, policies, and strategies to safeguard the bank's loan portfolio. You will be responsible for analyzing complex credit proposals, assessing borrower risk profiles, and ensuring compliance with regulatory requirements and internal risk appetite. The ideal candidate possesses strong analytical skills, extensive knowledge of credit risk methodologies, and a proven track record of managing risk in a corporate banking environment. This position offers a challenging yet rewarding opportunity to influence key lending decisions and contribute significantly to the bank's financial stability and growth. The role offers a flexible hybrid working model, combining essential on-site collaboration with the convenience of remote work. You will lead a team of dedicated risk professionals, fostering a culture of rigorous analysis and prudent risk-taking. Your expertise will be crucial in navigating the complexities of the corporate lending landscape and ensuring sustainable growth. We are looking for a leader who can anticipate market trends and proactively manage credit exposures.

Key Responsibilities

• Develop, implement, and refine credit risk policies, procedures, and appetite statements for corporate banking.
• Oversee the assessment and approval of significant corporate credit facilities, ensuring compliance with risk standards.
• Monitor the credit quality of the corporate loan portfolio, identifying deteriorating credits and implementing mitigation strategies.
• Conduct thorough analysis of financial statements, market data, and economic conditions to assess creditworthiness.
• Manage a team of credit analysts and risk officers, providing guidance, mentorship, and performance management.
• Develop and maintain credit risk models, including Probability of Default (PD), Loss Given Default (LGD), and Exposure at Default (EAD) models.
• Report on credit risk exposures, portfolio performance, and emerging risks to senior management and the board.
• Ensure compliance with relevant banking regulations (e.g., Basel Accords) and internal risk management guidelines.
• Engage with internal and external stakeholders, including regulators, auditors, and relationship managers, on credit risk matters.
• Contribute to strategic planning and business development initiatives from a risk perspective.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Professional qualifications such as CFA or FRM are highly desirable.
• Minimum of 8-10 years of experience in credit risk management within corporate or commercial banking.
• In-depth knowledge of credit risk assessment techniques, financial statement analysis, and loan structuring.
• Proven experience in developing and implementing credit risk policies and frameworks.
• Strong understanding of regulatory requirements (e.g., Basel III/IV) and their impact on credit risk.
• Advanced analytical and quantitative skills, with proficiency in statistical modeling and risk management software.
• Excellent leadership, communication, and interpersonal skills.
• Ability to make sound judgments and decisions in complex situations.
• Experience managing teams and driving performance.
• Must have a deep understanding of South African economic and regulatory landscape.

Benefits

• Lead a critical function within a major financial institution.
• Highly competitive remuneration package including performance bonuses.
• Comprehensive medical aid, life insurance, and retirement benefits.
• Significant opportunities for professional growth, leadership development, and career progression.
• Exposure to high-profile corporate clients and complex financial transactions.
• Hybrid work environment that promotes work-life balance.
• Access to advanced risk management technologies and resources.
• Generous annual leave and other employee benefits.