Senior Risk Manager (Credit)

Placements24; Richards Bay; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Competitive salary

Medical coverage

Life insurance

Retirement fund contributions

Training & certifications

Job summary

Placements24 is seeking an experienced Senior Risk Manager specializing in Credit Risk to lead the framework for risk governance in Richards Bay, KwaZulu-Natal. You will assess creditworthiness, monitor portfolio quality, and guide underwriting strategies to mitigate exposure while ensuring regulatory compliance.

The role requires 6+ years in credit risk, corporate banking, or financial analysis, with strong modeling and communication skills to interact with senior management and lenders.

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• Master's degree or professional qualification (e.g., CFA, PRM) is an advantage.
• Minimum 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.

Responsibilities

• Develop and implement robust credit risk policies, procedures, and methodologies.
• Analyze and assess the credit risk for new and existing corporate and retail clients.
• Monitor the credit quality of the loan portfolio, identifying risks and developing mitigation strategies.
• Conduct regular stress testing and scenario analysis on the credit portfolio.
• Ensure compliance with 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 on credit underwriting and risk assessment.
• Stay updated on industry best practices and emerging trends in credit risk management.

Skills

Credit risk management

Financial analysis

Regulatory compliance

Stakeholder communication

Risk modeling

Education

Bachelor's degree in Finance/Economics/BA

Master's degree or CFA/PRM

Tools

Excel

Data analytics tools

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.