Job Description
About the Role
The Credit Risk Manager / Senior Manager will be responsible for developing, calibrating and enhancing credit risk models (PD, LGD, EAD) to drive business growth and profitability. This role requires a strong analytical mindset, excellent communication skills, and the ability to work effectively with stakeholders.
Key Responsibilities
- Develop, calibrate and enhance credit risk models (PD, LGD, EAD)
- Perform model validation, monitoring and performance testing
- Produce portfolio-level credit analytics and peer benchmarking
- Review and quality-assure client deliverables and technical reports
- Manage end-to-end project delivery and stakeholder engagement
- Present findings and insights to senior client and internal leadership
- Mentor and coach junior team members
Requirements
- Education: BSc Degree in Mathematics, Statistics, Quantitative / Financial Engineering or Actuarial Science
- Experience: 58 years credit risk experience within banking or consulting
- Proven experience developing IFRS 9 impairment models
- Strong background in PD, LGD, EAD, Basel II and IAS 39
- Financial services regulatory knowledge (IFRS 9 essential)
- Retail credit risk experience (advantageous)
Qualifications
- Formal education/certifications: BSc Degree in Mathematics, Statistics, Quantitative / Financial Engineering or Actuarial Science
Salary & Benefits
- Salary: [Salary amount]
- Other benefits: [Benefits details]
Note: The salary and benefits section is left blank as it was not mentioned in the original job description.
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Accounting / Finance Jobs in North Johannesburg
North Johannesburg is home to a thriving financial services sector, with many multinational companies having operations in the region. Typically, the accounting and finance industry in this area experiences steady demand for skilled professionals, driven by the growth of the economy and the need for organisations to maintain accurate financial records and make informed business decisions.
When it comes to salaries, typically the range for accounting and finance positions in North Johannesburg is quite broad, with experience, company size, and industry sector all playing a significant role in determining actual salaries. Generally, junior positions in this field can expect salary ranges of around R400 000 to R600 000 per annum, while senior roles can command salaries upwards of R1 million. However, it’s essential to note that these are broad estimates, and actual salaries may vary significantly depending on individual circumstances.
Common skills required for accounting and finance positions in North Johannesburg include proficiency in financial software, such as SAP or Excel, as well as a solid understanding of financial principles and regulations. Typically, candidates with a degree in accounting or finance, as well as relevant work experience, are best positioned to secure these roles. Other key skills include attention to detail, analytical thinking, and effective communication.
The financial services sector is one of the most significant industries that commonly employs accountants and finance professionals in North Johannesburg. Other sectors that often require these skills include technology, manufacturing, and retail. Typically, organisations in these industries need accounting and finance staff to manage their financial transactions, prepare financial statements, and provide insights to inform business decisions.
For those interested in pursuing a career in accounting or finance, there are many opportunities for development and advancement. Typically, junior roles can provide valuable experience and training, which can be used as a springboard for more senior positions within the organisation. External training programs, such as certifications offered by the South African Institute of Chartered Accountants (SAICA), can also enhance career prospects. With dedication and hard work, it’s generally possible to progress to leadership roles or transition into related fields, such as business analysis or financial planning.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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