Senior Risk Manager - Credit Risk

Placements24; Pietermaritzburg; Ibrido; ZAR 1.200.000 - 1.800.000; Tempo pieno

Vantaggi offerti da questo lavoro

Competitive salary

Performance-based bonuses

Private medical insurance

Retirement fund contributions

Paid time off

Descrizione del lavoro

Placements24, on behalf of a leading financial institution, seeks a Senior Risk Manager specializing in credit risk to join in Pietermaritzburg. You will develop and oversee credit risk frameworks, evaluate portfolios, and guide risk strategy.

The role requires 6–8 years in credit risk within banking, strong modeling skills (PD, LGD, EAD), Basel III/IV knowledge, and leadership to mentor analysts. Hybrid work arrangement in Pietermaritzburg with competitive compensation.

Competenze

• Master's degree in Finance, Economics, Mathematics, Statistics, or related quantitative field.
• 6-8 years of progressive experience in credit risk management within the banking & finance industry.
• Strong understanding of credit risk assessment techniques, loan portfolio analysis, and risk mitigation strategies.

Mansioni

• Develop, implement, and refine the credit risk management framework, policies, and procedures across the organization.
• Analyze and assess the creditworthiness of borrowers, loan portfolios, and potential counterparties.
• Develop and maintain credit risk models, including PD, LGD, and EAD models.
• Monitor credit risk exposures, KRIs, and early warning signals for potential credit deterioration.
• Provide strategic recommendations to senior management on credit risk appetite, limits, and mitigation strategies.
• Ensure compliance with Basel III/IV and related regulatory requirements.
• Conduct stress testing and scenario analysis to evaluate portfolio resilience.
• Collaborate with business units to ensure sound lending practices and risk mitigation.
• Prepare comprehensive credit risk reports for senior management, the board, and regulators.
• Mentor and guide junior risk analysts and contribute to team development.

Conoscenze

Credit risk management

Credit risk modeling

PD/LGD/EAD models

Regulatory compliance

Basel III/IV

Leadership

Stakeholder management

Data analysis

Statistical software

Formazione

Master's degree in Finance / Economics / Mathematics / Statistics

FRM/PRM certification

Strumenti

R

SAS

Python

Descrizione del lavoro

About the Role

Our client, a prominent financial institution, is seeking a highly experienced Senior Risk Manager specializing in Credit Risk to join their team in Pietermaritzburg, KwaZulu-Natal. This critical role involves developing and implementing effective credit risk management strategies, policies, and frameworks to safeguard the organization's assets and ensure sustainable growth. You will be responsible for analyzing credit portfolios, assessing risk exposures, and providing strategic guidance to senior management. The ideal candidate will possess a deep understanding of credit risk modeling, regulatory requirements, and best practices within the banking & finance sector. This position offers a unique opportunity to influence risk appetite, drive best practices, and contribute significantly to the financial stability and success of the company.

Key Responsibilities

• Develop, implement, and refine the credit risk management framework, policies, and procedures across the organization.
• Analyze and assess the creditworthiness of borrowers, loan portfolios, and potential counterparties.
• Develop and maintain credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD) models.
• Monitor credit risk exposures, key risk indicators (KRIs), and early warning signals for potential credit deterioration.
• Provide strategic recommendations to senior management on credit risk appetite, limits, and mitigation strategies.
• Ensure compliance with all relevant regulatory requirements related to credit risk management (e.g., Basel Accords).
• Conduct stress testing and scenario analysis to evaluate the resilience of the credit portfolio under adverse economic conditions.
• Collaborate with business units to ensure sound lending practices and effective risk mitigation.
• Prepare comprehensive credit risk reports and presentations for senior management, the board, and regulatory bodies.
• Mentor and guide junior risk analysts and contribute to the development of the risk management team.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• A relevant professional certification (e.g., FRM, PRM) is advantageous.
• Minimum of 6-8 years of progressive experience in credit risk management within the banking & finance industry.
• Strong understanding of credit risk assessment techniques, loan portfolio analysis, and risk mitigation strategies.
• Proven expertise in developing and validating credit risk models using statistical software (e.g., R, SAS, Python).li>
• In-depth knowledge of regulatory frameworks such as Basel III/IV.
• Excellent analytical, quantitative, and problem-solving skills.
• Strong leadership, communication, and stakeholder management abilities.
• Ability to work effectively in a hybrid environment, balancing remote and in-office responsibilities.
• Proficiency in financial modeling and data analysis tools.

Benefits

• Our client offers a highly competitive salary, performance-based bonuses, and a comprehensive benefits package including private medical insurance, retirement fund contributions, and ample paid time off.
• This hybrid role based in Pietermaritzburg, KwaZulu-Natal, offers flexibility and opportunities for professional development within a leading financial institution.
• We encourage continuous learning and provide access to industry conferences and training programs to keep you at the forefront of risk management practices.