Senior Risk Analyst - Credit Risk

Placements24; Mossel Bay; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary range

Performance-based bonuses

Medical aid

Retirement fund

Life insurance

Job summary

Placements24 in Mossel Bay, Western Cape, invites applications for a Senior Risk Analyst (Credit Risk). The role focuses on assessing creditworthiness, developing risk models, and ensuring portfolio health in a dynamic banking environment.

You will analyze credit applications, validate models, monitor performance, conduct stress testing, and report to senior management. The ideal candidate has a 4+ year background in credit risk, proficiency in R/Python/SAS, strong Excel skills, and a track

Qualifications

• Bachelor’s degree in finance, economics, mathematics, statistics or related quantitative field.
• Minimum 4 years in credit risk analysis, financial analysis or related banking/financial services role.
• Strong understanding of credit risk principles and financial statement analysis.
• Proficiency in statistical software (R, Python, SAS) and advanced Excel.
• Experience with credit risk modeling techniques and data analysis tools.
• Excellent analytical, problem-solving and quantitative skills.
• Strong written and verbal communication, with the ability to present complex information clearly.

Responsibilities

• Analyze credit applications and financial statements to assess credit risk.
• Develop, implement, and validate credit risk models, scoring systems, and rating methodologies.
• Monitor loan portfolio performance and identify early warning signs of defaults.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Prepare detailed credit risk reports and present findings to senior management.
• Ensure compliance with internal credit policies and external regulatory requirements (e.g., Basel accords).
• Collaborate with lending teams to provide insights on credit decisions.
• Stay updated on industry best practices and emerging trends in credit risk management.
• Contribute to development and refinement of credit risk policies and procedures.
• Mentor and guide junior risk analysts.

Skills

Credit risk analysis

R/Python/SAS

Excel (advanced)

Data analysis

Analytical thinking

Communication skills

Education

Bachelor's degree in quantitative field

Master's degree advantageous

Tools

Credit risk modeling software

Job description

About the Role

Our client, a significant player in the South African financial services sector, is looking for a skilled Senior Risk Analyst specializing in Credit Risk to join their team in Mossel Bay, Western Cape . This role is critical for assessing and managing the creditworthiness of clients, developing risk models, and ensuring the bank's loan portfolio remains healthy and compliant. The ideal candidate will possess strong analytical capabilities, a deep understanding of credit risk principles, and the ability to translate complex data into actionable insights. Join us in safeguarding our financial integrity in the beautiful coastal town of Mossel Bay .

Key Responsibilities

• Analyze credit applications and financial statements of corporate and retail clients to assess credit risk.
• Develop, implement, and validate credit risk models, scoring systems, and rating methodologies.
• Monitor the performance of the loan portfolio, identifying early warning signs of potential defaults.
• Conduct stress testing and scenario analysis on the credit portfolio.
• Prepare detailed credit risk reports and present findings to senior management and risk committees.
• Ensure compliance with internal credit policies and external regulatory requirements (e.g., Basel accords).
• Collaborate with lending teams to provide insights and guidance on credit decisions.
• Stay abreast of industry best practices and emerging trends in credit risk management.
• Contribute to the development and refinement of credit risk policies and procedures.
• Mentor and guide junior risk analysts.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• A Master's degree is an advantage.
• Minimum of 4 years of experience in credit risk analysis, financial analysis, or a related role within the banking or financial services industry.
• Strong understanding of credit risk principles, financial statement analysis, and credit scoring models.
• Proficiency in statistical software (e.g., R, Python, SAS) and advanced Excel skills.
• Experience with credit risk modeling techniques and data analysis tools.
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Ability to work independently and manage multiple priorities effectively.
• Knowledge of South African banking regulations and credit frameworks.
• High attention to detail and accuracy.

Benefits

• Competitive salary range
• Performance-based bonuses
• Medical aid
• Retirement fund
• Life insurance

We provide a supportive work environment with opportunities for continuous professional development and career advancement within Mossel Bay . This role is instrumental in maintaining the financial health of our operations in the Western Cape and offers a rewarding career.