Senior Risk Manager (Credit Risk)

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

Benefits offered by this job

Medical aid

Pension fund

Life insurance

Hybrid work model

Professional development

Job summary

Placements24 is seeking an experienced Senior Risk Manager specializing in Credit Risk for a hybrid role based in Richards Bay, KwaZulu-Natal. You will design and oversee the credit risk framework, evaluate corporate credits, and drive risk mitigation aligned with Basel standards.

The role requires leadership of a risk team, interaction with business units, and reporting to senior management, with a mix of office and remote work, and a focus on regulatory compliance and portfolio optimization.

Qualifications

• Master's degree in Finance, Economics, Mathematics or a related quantitative field.
• Minimum 6 years of progressive experience in credit risk management within banking.
• Strong understanding of corporate credit analysis and credit scoring models.

Responsibilities

• Develop and implement credit risk policies, procedures and limits.
• Assess creditworthiness of corporate clients and complex financial transactions.
• Monitor portfolio risks and propose mitigation strategies.
• Develop credit risk models, stress tests and early warning indicators.
• Ensure compliance with Basel Accords and regulatory frameworks.
• Collaborate with business units to provide risk insights on new products.
• Manage relationships with rating agencies and external stakeholders.
• Prepare regular credit risk reports for senior management.
• Lead and mentor a team of credit risk analysts and officers.

Skills

Credit risk management

Financial analysis

Regulatory knowledge

Leadership

Education

Master's degree in Finance, Economics, Mathematics

Tools

SAS

R

Python

Job description

About the Role

Our client, a leading financial institution with a significant presence in Richards Bay, KwaZulu-Natal, is seeking an experienced Senior Risk Manager specializing in Credit Risk. This hybrid role requires a strategic thinker with a proven track record in assessing and mitigating credit exposure for the bank. You will be responsible for developing, implementing, and overseeing the credit risk framework, ensuring adherence to regulatory requirements and internal policies. This position involves working closely with business units to evaluate new credit opportunities, manage existing portfolios, and contribute to the overall risk appetite of the organization. The ideal candidate will possess strong analytical acumen, excellent leadership skills, and a deep understanding of credit markets and risk management principles. Join a pivotal team dedicated to safeguarding the bank's financial health.

Key Responsibilities

• Develop and implement comprehensive credit risk policies, procedures, and limits.
• Analyze and assess creditworthiness of corporate clients and complex financial transactions.
• Monitor the credit portfolio, identifying potential risks and recommending mitigation strategies.
• Develop and maintain credit risk models, stress testing scenarios, and early warning indicators.
• Ensure compliance with Basel Accords and other relevant regulatory frameworks.
• Collaborate with business development teams to provide risk insights on new product offerings and client acquisition.
• Manage relationships with rating agencies and external stakeholders.
• Prepare regular reports on credit risk exposure, portfolio quality, and emerging trends for senior management.
• Lead and mentor a team of credit risk analysts and officers.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Minimum of 6 years of progressive experience in credit risk management within the banking sector.
• Strong understanding of corporate credit analysis, financial statement analysis, and credit scoring models.
• Proficiency in risk management software and data analysis tools (e.g., SAS, R, Python).
• Knowledge of regulatory requirements (e.g., Basel III, SARB regulations).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management capabilities.
• Effective communication and presentation skills, with the ability to influence stakeholders.
• Experience in managing diverse credit portfolios.

Benefits

This Senior Risk Manager role offers an attractive salary package, reflective of your experience and expertise. In addition to the base salary, performance-based bonuses are available. Our client provides a comprehensive medical aid plan, a generous pension fund, and life insurance coverage. The hybrid work model allows for a flexible balance between office-based responsibilities in Richards Bay, KwaZulu-Natal, and remote work. Opportunities for professional development, including attendance at industry conferences and advanced training programs, are actively supported. You will be part of a stable and respected financial institution with clear career progression paths. Enjoy access to state-of-the-art facilities and a collaborative work culture.