Senior Risk Manager - Credit Risk

Placements24; Pretoria; Hybrid; ZAR 900,000 - 1,800,000; Full time

Benefits offered by this job

Private medical aid

Retirement fund

Professional development opportunities

Hybrid work arrangement

Job summary

Placements24 is seeking a Senior Risk Manager (Credit Risk) in Pretoria, SA to strengthen the risk division. You will lead framework development, model validation and reporting, guiding senior management on risk appetite within a hybrid office/remote setup.

You should have a Master's in a quantitative field, 6+ years in credit risk, and strong modeling and regulatory knowledge, with SAS/R/Python proficiency and excellent communication skills.

Qualifications

• Master's degree in Finance, Economics, Statistics, Mathematics or related quantitative field.
• Minimum 6 years of experience in credit risk management, preferably in banking/finance.
• Strong understanding of credit risk principles, Basel regulations and credit scoring models.
• Proficiency in statistical modeling and data analysis techniques.

Responsibilities

• Develop, implement and maintain the credit risk framework and policies.
• Analyze credit portfolios to identify and quantify credit risk exposures.
• Design and validate credit risk models (PD, LGD, EAD).
• Monitor key credit risk indicators and early warning signals.
• Prepare credit risk reports for senior management and regulators.
• Perform stress testing and scenario analysis for credit portfolios.
• Collaborate with business units to embed risk management practices.
• Provide guidance and mentorship to junior risk analysts.

Skills

Credit risk analytics

Basel knowledge

Statistical modeling

Data analysis

Report writing

Presentation skills

Education

Master's degree in Finance/Economics/Statistics

Tools

SAS

R

Python

Job description

About the Role

Our client, a prominent financial services provider, is seeking an accomplished Senior Risk Manager specializing in Credit Risk to bolster their risk management division in Pretoria, Gauteng. This role is integral to safeguarding the company's financial health by identifying, assessing, and mitigating credit-related risks across its lending portfolios. You will be instrumental in developing and implementing robust risk policies and procedures, performing credit risk modeling, and advising senior management on risk appetite. This hybrid role offers a blend of essential office-based collaboration and the convenience of remote work, providing a balanced approach to responsibilities within the South African financial landscape.

Key Responsibilities

• Develop, implement, and maintain the credit risk framework and policies.
• Conduct in-depth analysis of credit portfolios to identify and quantify credit risk exposures.
• Design and validate credit risk models (e.g., Probability of Default, Loss Given Default, Exposure at Default).
• Monitor key credit risk indicators and early warning signals.
• Prepare comprehensive credit risk reports and present findings to senior management and regulatory bodies.
• Stress testing and scenario analysis for credit portfolios.
• Collaborate with business units to ensure effective risk management practices are embedded.
• Stay updated on regulatory changes and industry best practices in credit risk management.
• Provide guidance and mentorship to junior risk analysts.

Requirements

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 6 years of relevant experience in credit risk management, preferably within the banking & finance sector.
• Strong understanding of credit risk principles, regulations (e.g., Basel accords), and credit scoring models.
• Proficiency in statistical modeling software (e.g., SAS, R, Python) and data analysis techniques.
• Experience with financial statement analysis and credit analysis.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong report-writing and presentation skills.
• Ability to work effectively in a hybrid environment, managing tasks both independently and collaboratively.
• Knowledge of the South African financial market is advantageous.

Benefits

• Attractive salary package complemented by performance bonuses.
• Comprehensive private medical aid and retirement fund.
• Opportunities for continuous professional development and certifications.
• Hybrid work arrangement offering flexibility.
• Exposure to diverse credit portfolios and risk challenges.
• A supportive team environment focused on professional growth.
• Generous annual leave allowance.,