Senior Risk Manager - Credit Risk

Placements24; Soweto; Hybrid; ZAR 1,100,000 - 1,700,000; Full time

Benefits offered by this job

Fully remote work

Competitive salary package

Health, dental & vision insurance

Professional development & conferences

Retirement savings plan

Job summary

Placements24 is seeking a Senior Risk Manager specializing in Credit Risk for a fully remote role within South Africa. You will develop and manage the credit risk framework, policies, and procedures to ensure stability of the lending portfolio and regulatory compliance.

The ideal candidate has a master's/PhD in a quantitative field with 7+ years in credit risk, strong modeling skills (PD/LGD/EAD), Basel knowledge, and proficiency in R, Python, or SAS.

Qualifications

• Master's or Ph.D. in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 7 years of progressive experience in credit risk management within the financial services sector.
• Proven expertise in credit risk modeling, portfolio analysis, and risk mitigation strategies.

Responsibilities

• Develop and maintain robust credit risk policies, procedures, and methodologies.
• Oversee the assessment and management of credit risk across the company's loan portfolio.
• Design, implement, and validate credit risk models, including PD, LGD, and EAD models.
• Conduct regular stress testing and scenario analysis on the credit portfolio.
• Monitor credit risk exposures and identify emerging trends and potential areas of concern.
• Collaborate with business units to ensure effective credit risk management practices are embedded in lending operations.
• Prepare comprehensive reports on credit risk profile, performance, and capital adequacy for senior management and regulatory bodies.
• Ensure compliance with relevant regulatory requirements and guidelines related to credit risk.
• Mentor and guide junior risk analysts and contribute to the development of the risk management team.
• Stay abreast of industry best practices and advancements in credit risk management techniques.

Skills

Credit risk modeling

Portfolio analysis

Basel regulations

R/Python/SAS

Leadership & stakeholder mgmt

Remote work management

Education

Master's or Ph.D. in Finance, Economics, Statistics, Mathematics

Tools

R

Python

SAS

Job description

About the Role

Our client, a major financial services provider, is seeking an experienced Senior Risk Manager specializing in Credit Risk to join their esteemed team. This is a critical, fully remote role, allowing you to contribute from anywhere within South Africa . You will be responsible for developing, implementing, and managing the credit risk framework, policies, and procedures to ensure the stability and profitability of the company's lending portfolio. This position requires a deep understanding of credit risk modeling, portfolio management, and regulatory requirements. As a remote-first organization, we emphasize collaboration, effective communication, and the use of advanced technology to ensure seamless operations and support for our team members. You will work closely with various business units, providing expert guidance on credit risk matters and contributing to strategic decision-making processes. This is an exceptional opportunity for a seasoned risk professional to make a significant impact in a highly respected financial institution.

Key Responsibilities

• Develop and maintain robust credit risk policies, procedures, and methodologies.
• Oversee the assessment and management of credit risk across the company's loan portfolio.
• Design, implement, and validate credit risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD) models.
• Conduct regular stress testing and scenario analysis on the credit portfolio.
• Monitor credit risk exposures and identify emerging trends and potential areas of concern.
• Collaborate with business units to ensure effective credit risk management practices are embedded in lending operations.
• Prepare comprehensive reports on credit risk profile, performance, and capital adequacy for senior management and regulatory bodies.
• Ensure compliance with relevant regulatory requirements and guidelines related to credit risk.
• Mentor and guide junior risk analysts and contribute to the development of the risk management team.
• Stay abreast of industry best practices and advancements in credit risk management techniques.

Requirements

• Master's or Ph.D. in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 7 years of progressive experience in credit risk management within the financial services sector.
• Proven expertise in credit risk modeling, portfolio analysis, and risk mitigation strategies.
• Strong understanding of credit risk principles, financial statement analysis, and Basel regulations.
• Proficiency in statistical software and programming languages such as R, Python, SAS, or similar.
• Excellent analytical, quantitative, and problem-solving skills.
• Strong leadership, communication, and stakeholder management abilities.
• Demonstrated ability to work autonomously and manage complex projects effectively in a remote setting.
• Experience in managing a remote team is a plus.

Benefits

• Highly competitive salary package with performance-based incentives.
• Fully remote work opportunity, offering significant flexibility and work-life balance.
• Access to cutting-edge risk management tools and technologies.
• Opportunities for professional development, training, and conference participation.
• Comprehensive health, dental, and vision insurance.
• Retirement savings plan with employer contributions.
• Join a leading financial institution with a strong reputation and culture.
• Impactful role contributing to the financial health of the organization in Soweto vicinity.