Senior Risk Manager (Credit)

Placements24; Mtubatuba Local Municipality; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary package

Annual performance bonus

Medical coverage

Retirement fund contribution

Professional development opportunities

Job summary

Placements24 in Richards Bay, KwaZulu-Natal, is recruiting a Senior Risk Manager specializing in credit risk for a prominent financial institution. You will develop and oversee the credit risk framework, assess creditworthiness, and monitor portfolio quality in a busy banking environment.

Responsibilities include stress testing, regulatory compliance, and detailed reporting to senior management. A strong background in financial analysis and SA banking standards is essential for this role.

Qualifications

• Bachelor’s degree in Finance, Economics, Business Admin or related field.
• Master’s or professional CFA/PRM is an advantage.
• Minimum 6 years in credit risk management or related banking roles.
• Strong financial statement analysis and risk mitigation knowledge.
• Deep understanding of SA banking regulations and compliance.

Responsibilities

• Develop and implement credit risk policies and methodologies.
• Assess credit risk for corporate and retail clients.
• Monitor loan portfolio quality and identify risks.
• Perform stress testing and scenario analyses on credit portfolio.
• Ensure compliance with banking regulations and internal guidelines.
• Prepare credit risk reports for senior management and regulators.
• Collaborate with lending teams on underwriting and risk assessment.
• Stay updated on industry practices and trends.

Skills

Credit risk management

Financial analysis

Regulatory compliance

Stress testing

Financial modeling

Corporate banking

Decision making

Portfolio monitoring

Communication

Education

Bachelor's degree in Finance/Economics/BA

Master's or professional qualification (CFA/PRM)

Tools

Excel

Job description

About the Role

Our client, a prominent financial institution, is seeking an experienced Senior Risk Manager specializing in Credit Risk to join their esteemed team in Richards Bay, KwaZulu-Natal . This critical role will involve developing, implementing, and overseeing the credit risk management framework, ensuring the institution's loan portfolio remains sound and compliant with regulatory standards. The Senior Risk Manager will be responsible for assessing creditworthiness, monitoring portfolio quality, and developing strategies to mitigate credit exposure. This position requires a deep understanding of credit risk principles, financial analysis, and regulatory requirements within the banking sector. You will play a pivotal role in safeguarding the financial health of the organization by making informed decisions regarding credit policies and procedures in the bustling port city of Richards Bay .

Key Responsibilities

• Develop and implement robust credit risk policies, procedures, and methodologies.
• Analyze and assess the credit risk associated with new and existing corporate and retail clients.
• Monitor the credit quality of the loan portfolio, identifying potential risks and developing mitigation strategies.
• Conduct regular stress testing and scenario analysis on the credit portfolio to assess resilience.
• Ensure compliance with all relevant banking regulations and internal risk management guidelines.
• Prepare detailed credit risk reports for senior management and regulatory bodies.
• Collaborate with lending teams to provide expertise and guidance on credit underwriting and risk assessment.
• Stay updated on industry best practices and emerging trends in credit risk management.

Requirements

• Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• A Master's degree or professional qualification (e.g., CFA, PRM) is an advantage.
• Minimum of 6 years of experience in credit risk management, corporate banking, or financial analysis.
• Strong understanding of financial statement analysis, credit scoring models, and risk mitigation techniques.
• In-depth knowledge of South African banking regulations and compliance requirements.
• Excellent analytical, problem-solving, and decision-making skills.
• Proficiency in financial modeling and data analysis tools.
• Strong communication and presentation skills, with the ability to articulate complex risk issues clearly.
• Experience working within the Richards Bay, KwaZulu-Natal financial landscape is beneficial.

Benefits

• Our client offers a competitive salary package, complemented by an annual performance bonus.
• Employees receive comprehensive medical coverage, life insurance, and a substantial retirement fund contribution.
• Opportunities for professional growth include specialized training programs and support for relevant certifications.
• The role is based in a modern office environment in Richards Bay , offering stability and career progression within a respected financial institution.