236 Credit Risk jobs in South Africa

A Leading Financial Services client requires a Credit Risk Underwriter to be responsible for the processing and underwriting of a range of applications.

Key Responsibilities:

1. Processing and underwriting of New Business and Re-advance applications; SME funding applications and EFT applications.
2. Responsible for full credit assessment.
3. Credit risk underwriting.

Minimum Requirements:

1. Matric / Grade 12.
2. Tertiary Qualification - Advanced Certificates / Diploma in Business/Finance/Accounting.
3. Must have at least 3 years credit underwriting and analysis experience within the financial services industry.
4. Computer skills - CRM systems and MS Office (advanced MS Excel) essential.

Salary Market Related

Reference : NFP015933-LLR-1

Credit Risk Manager / Senior Manager Regulatory & Financial Risk Advisory

Are you ready to accelerate your career and lead cutting-edge credit risk advisory projects in a dynamic forward-thinking environment? We are looking for an exceptional professional to join a high-impact team focused on Regulatory & Financial Risk (RFR) Credit Risk.

In this role, you'll work at the forefront of credit risk innovation, helping top-tier clients in financial services and beyond tackle critical regulatory and modelling challenges. If you have a passion for data analytics and shaping the future of credit risk in Africa, this is your chance to make a real impact.

Duties & Responsibilities

What You'll Be Doing :

• Designing, developing, calibrating, and validating IFRS 9 credit risk models
• Leading projects across regulatory and economic capital modelling, scorecards, collections, optimisation, and credit analytics
• Engaging with clients to define risk strategy, frameworks, and appetite
• Managing complex modelling assignments with both technical depth and strategic insight
• Producing insightful reports and presenting findings to senior stakeholders

What You'll Need :

• A degree in Quantitative Finance, Statistics, Actuarial Science, Financial Engineering, or similar
• 5-8 years of experience in credit risk, ideally from banking or a top-tier consultancy
• Strong technical expertise in IFRS 9, Basel II / III, PD, EAD, LGD modelling
• Proficiency in coding tools such as Python, SAS, R, VBA, or Matlab
• Retail credit risk experience (preferred)
• Excellent communication and client engagement skills

Why Join

• Exposure to high-profile clients across sectors including banking, telecoms, retail, and healthcare
• A supportive, inclusive, and hybrid work environment
• Access to continuous technical training and leadership development
• Work alongside a diverse team of statisticians, actuaries, and quants passionate about solving complex financial challenges

This is more than just a job; it's an opportunity to be part of a team that's redefining the landscape of credit risk advisory.

Ready to lead and innovate?

If you do not hear from us within two weeks, please consider your application unsuccessful.

Package & Remuneration

Market-related

Required Experience : Manager

Key Skills

Arm, Risk Management, Financial Services, Cybersecurity, COSO, PCI, Root Cause Analysis, COBIT, NIST Standards, SOX, Information Security, RMF

Employment Type : Full-Time

Experience : 5-8 years

Vacancy : 1

Manager: Credit Risk

The opportunity

We are currently recruiting for a Manager within our Financial Services Risk Management – Quantitative Advisory Services (QAS) team. The role will focus on credit risk. This includes credit risk modelling, credit risk model validation and the development of advanced analytical solutions for credit decisioning.

The practice focusses on financial services across banking, insurance, and corporate treasuries.

Your key responsibilities

The successful applicant will help develop and lead a team which can offer our clients advice and hands on assistance with issues such as:

• Development and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9
• Credit impairment assessment and due diligence reviews
• Create visualisations of data and generate in-depth insights
• Review and validation of Basel internal rating-based models
• Regulatory capital modelling
• Design and review of credit risk pricing models
• Development of thought leadership material on relevant industry topics

Client responsibilities

• Participate in and, as required, lead FSRM client engagements
• Develop long-term, sustainable relationships with key client stakeholders in line with our go to market strategies and individual market development initiatives
• Develop client solutions based on a deep understanding and knowledge of clients’ business needs
• Develop informed views for clients on the implications of current and anticipated industry issues
• Generate new business sales through proactively managing key accounts, identifying new client opportunities and playing a significant role in developing and driving sales campaigns/solutions

People responsibilities

• Live the EY values
• Act as a thought leader in the field of credit risk
• Lead engagement teams and accounts
• Develop people through effectively supervising, coaching and mentoring all junior levels of staff
• Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities
• Conduct performance reviews and contribute to performance feedback for junior levels of staff
• Contribute to people initiatives including recruiting, retaining and training FSRM professionals
• Maintain an educational program to continually develop your own personal skills

Qualifications and experience required

• Relevant Masters (MComm / MSc /MPhil) or Honours degree in quantitative field like computer science, engineering, actuarial, statistics, mathematics, or related field
• Professional qualification (CFA / FRM / PRM / FIA / FASSA) a plus
• Sound understanding of quantitative methods and the application of these to financial risk management
• Sound understanding of data science methods
• A minimum of 5 years relevant working experience

Otherskills and attributes for success

• Strong analytical skills and statistical aptitude in a modelling environment
• Experience in the development, review and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9 and Basel internal rating-based models is a plus
• Proficient in MS office
• Proficient in SAS
• Proficient in VBA, R or Python
• Innovative, creative thinking
• Robust project management skills
• Solid presentation skills
• Effective time management
• Strong writing skills
• Initiative and enthusiasm
• Responsibility and maturity
• People skills
• Professionalism
• Confidence to be client-facing
• Above average linguistic aptitude
• Ability to work under pressure
• Flexibility to accept change and adapt

What working at EY offers

• Work for a globally integrated firm of actuarial and quantitative professionals across more than 150 countries, enabling optimised and consistent views across the globe.
• Work with and have access to industry experts, whilst gaining exposure across multiple engagements and clients in the financial services sector.
• Develop both your technical expertise and other skills such as project and stakeholder management.
• Further your continuous professional development through our in-house learning platforms as well as our external learning study policy.
• Work in a company culture that values diversity and inclusiveness, flexibility, employee wellness and corporate social responsibility.
• Receive ongoing mentoring, support and guidance to optimise your professional growth and progress your career at EY.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

It’s yours to build.

Apply now.

The overall purpose of the job is to assess and mitigate risk by carrying out a comprehensive and quality credit risk function by analyzing the client's business, financial statements, and management accounts in order to provide a recommendation on new accounts and existing accounts annually.

• Record new account information in the new accounts register within 3 hours of receipt of documents;
• Update new accounts register daily with the progress of the account;
• Have a discussion with a Commercial person to understand the requirements of the client;
• Review all the documents received – Business Application, STCs, company documents, and motivation;
• If STCs are amended, ensure legal has reviewed and given the go-ahead;
• Obtain the necessary credit bureau reports, trade references, and general research on the internet for the client;
• If Audited Financial Statements are received, prepare the necessary ratios on the Credit Report Assessment document;
• Visit clients as financials may need to be reviewed at the client premises;
• Process should be completed within 1 to 2 days, and then review with the GCM;
• If the risk is high, AFS and/or guarantee is requested once discussed with the GCM;
• Ensure the monthly re-vett schedule is completed, and the necessary accounts are reviewed.
• For Existing Clients: The same process as new accounts is followed, but adding in the payment history over the last 6 months to a year depending on the payment terms;
• Meet with the individual division's GM's / Commercial teams weekly to understand what is coming on board and sort out any underlying issues;
• Once the account has been approved, create the client accounts on BOS, SAP, or CW inputting all client's correct information;
• Once opened on the system, all documents need to be uploaded to the Risk Share folder;
• Prepare internal and external letters notifying everyone of the account being opened;
• Ensure filing is up to date with all client's applications and documents;
• Ensure POPI is followed;
• Carry out the duties of colleagues as requested by Management whilst the colleagues are on leave or during peak periods;
• Ensure that you know and adhere to all Company policies and procedures.

The successful candidate will need to be qualified with a degree, BCom or BTech, as well as Credit management 4 or 5.

Credit Risk Analyst
Johannesburg, South Africa – Full-time

At Sourcefin, we make purchase order funding and invoice discounting easy for South Africa’s forgotten SMMEs. As a Credit Risk Analyst, you’ll play a critical role in protecting the business by identifying, assessing, and mitigating risk. From vetting clients and end buyers to reviewing tender documents, your work will ensure every deal is sound, compliant, and aligned to our growth ambitions.

• Conduct credit checks on prospective and existing clients.

• Review and vet client documentation, including bank statements.

• Assess and vet prospective and existing end buyers.

• Support the enhancement of our compliance frameworks and processes.

• Identify, escalate, and mitigate risks to Sourcefin.

• Bachelor’s degree (Risk/Compliance advantageous).

• Experience with credit bureau platforms (advantageous).

• Strong communication skills, both written and verbal.

• Detail-oriented, organised, and able to work under pressure.

• Proficient in MS Office Suite.

• Risk-averse mindset and the ability to work both independently and in a team.

• Fluent in English (additional languages advantageous).

• Impact: Your work directly safeguards the company while enabling SMMEs to grow.

• Growth: Learn from a high-performing, close-knit team and develop your skills.

• Autonomy: You’re trusted to make sound decisions without micromanagement.

• Care: Medical aid contributions, mental health and well-being support via October Health, and subsidised meals from our Olive & Plate deli.

Ready to help us partner for growth?
Apply now and be part of a company where your diligence makes a tangible difference.

Join to apply for the Credit Risk Manager role at Sourcefin

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Get AI-powered advice on this job and more exclusive features.

Johannesburg, South Africa – Full-time

We're looking for a Credit Risk Manager who can safeguard the business while enabling growth.

At Sourcefin, we make purchase order funding and invoice discounting easy for South Africa's forgotten SMMEs. As our Credit Risk Manager, you'll ensure that every deal meets our internal standards, compliance requirements, and risk appetite. You'll audit, review, and refine vetting processes — making sure we protect our business and our reputation while keeping deals moving.

Johannesburg, South Africa – Full-time

We're looking for a Credit Risk Manager who can safeguard the business while enabling growth.

At Sourcefin, we make purchase order funding and invoice discounting easy for South Africa's forgotten SMMEs. As our Credit Risk Manager, you'll ensure that every deal meets our internal standards, compliance requirements, and risk appetite. You'll audit, review, and refine vetting processes — making sure we protect our business and our reputation while keeping deals moving.

What You'll Do

• Review client and end-buyer vetting documentation and tasks.
• Flag discrepancies and ensure follow-up with Deal Owners.
• Audit compliance with all Sourcefin PO Financing and Invoice Discounting mandates.
• Review compliance activities post-deal approval.
• Manage and guide Credit Risk Analysts in daily operations.
• Contribute to the improvement of Sourcefin's deal compliance frameworks and processes.
  
  

• Relevant Honours or Postgraduate degree (LLB or BCom Risk advantageous).
• 3+ years' experience in legal, general risk, or credit risk within a company setting.
• Proven ability to manage people and processes effectively.
• Detail-oriented, organised, and risk-averse.
• Strong communication skills (written and verbal).
• Ability to work under pressure and meet deadlines.
  
  

• Impact: Your leadership ensures deals are both compliant and enabling SMME growth.
• Autonomy: We trust you to make the calls that matter.
• Growth: Lead a high-performing risk team while working alongside experienced leaders.
• Care: Medical aid contributions, mental health and well-being support via October Health, and subsidised meals from our Olive & Plate deli.
  
  

• Seniority level Associate

• Employment type Full-time

• Job function Finance and Sales

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Credit Risk Manager
Johannesburg, South Africa – Full-time

We’re looking for a Credit Risk Manager who can safeguard the business while enabling growth.

At Sourcefin, we make purchase order funding and invoice discounting easy for South Africa’s forgotten SMMEs. As our Credit Risk Manager, you’ll ensure that every deal meets our internal standards, compliance requirements, and risk appetite. You’ll audit, review, and refine vetting processes — making sure we protect our business and our reputation while keeping deals moving.

• Review client and end-buyer vetting documentation and tasks.

• Flag discrepancies and ensure follow-up with Deal Owners.

• Audit compliance with all Sourcefin PO Financing and Invoice Discounting mandates.

• Review compliance activities post-deal approval.

• Manage and guide Credit Risk Analysts in daily operations.

• Contribute to the improvement of Sourcefin’s deal compliance frameworks and processes.

• Relevant Honours or Postgraduate degree (LLB or BCom Risk advantageous).

• 3+ years’ experience in legal, general risk, or credit risk within a company setting.

• Proven ability to manage people and processes effectively.

• Detail-oriented, organised, and risk-averse.

• Strong communication skills (written and verbal).

• Ability to work under pressure and meet deadlines.

• Impact: Your leadership ensures deals are both compliant and enabling SMME growth.

• Autonomy: We trust you to make the calls that matter.

• Growth: Lead a high-performing risk team while working alongside experienced leaders.

• Care: Medical aid contributions, mental health and well-being support via October Health, and subsidised meals from our Olive & Plate deli.

Ready to lead risk with confidence?
Apply now and be part of a team that balances caution with opportunity.

To provide client service by applying sound credit risk management principles through management of staff thereby enabling Nedbank to reduce the RRB impairment charge with the view to rehabilitate, in line with the business strategy.

• Give an overview of the book by developing and preparing portfolio review presentations based on Management Information Systems (MIS).
• Ensure efficient work ethic and achievement of business unit strategies & goals by proposing innovative ideas to enhance Business processes that facilitate customer experience.
• Provide feedback monthly by drafting business reports as at month end.
• Build and maintain effective working relationships by attending regular staff meeting and team building sessions.
• Build strong relationships with bankers by providing upskilling advice on credit processes, policies and documentation.
• Build intellectual capital of the team by knowledge sharing with all stakeholders.
• Meet clients' expectations by resolving queries within turnaround times.
• Manage staff performance by monitoring daily activities of direct reports.
• Manage performance of the team by conducting on the job training, counselling and coaching.
• Manage efficiency of team delivery by drafting and implementing team's strategies.
• Manage default accounts timeously by obtaining acceptable repayment arrangements or handover portfolio to legal collections.
• Enhance policies and procedures by reviewing recommended submissions from other parties.
• Enhance processes by constantly seeking innovative improvements to the credit systems.
• Adapt to changes in Legislation by enforcing the compliance to the changes.
• Improve team performance by identifying staff performance gaps from assessment evaluations and analysing performance data from the Management Information System (MIS).
• Ensure clean audit in area of responsibility by enforcing adherence to bank policies, process and procedures and industry regulations.
• Implement sound credit risk management by providing advice on specialized credit risk matters to sales and direct reports.
• Develop client exit or rehabilitation strategies by conducting annual review of client facilities.
• Manage performance of staff by implementing performance agreements, ensuring a clear vision, agreeing on goals and objectives, providing regular feedback on performance, recognising and rewarding achievement and take appropriate corrective action where required.
• Mentor and coach staff on identified performance gaps by discussing these performance gaps and agree on appropriate action to be taken.
• Motivate staff to perform and contribute to the success of the business by creating environment of teamwork through engaging with staff (sharing information) and encouraging participation in decision making processes.
• Address issues raised in culture surveys by participating in the development and implementation of action plans.
• Create a client service culture through various required interventions.
• Support and encourage staff to participate and support corporate responsibility initiative.
• Achieve operational excellence by supporting the implementation of business optimisation improvement through team engagement.
• Encourage team to generate innovative ideas and share knowledge.

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

• Degree - BCom or BTech
• Diploma in Credit

• 5 years in Banking within Credit environment
• Min 3 years in risk management environment evaluating current and prospective clients' financial statements and credit reports to determine their ability to honour debt obligations
• Firm understanding of legalities associated with lending and collateral
• 1 -2 years' experience in a Team Management/ Supervisory position, would be advantageous
• Proven track-record of managing a large book

Requirements

• Valid Drivers license and own reliable transport
• Must be prepared to travel

• Business administration and management
• Change management
• Client service management
• Communication Strategies
• Governance, Risk and Controls
• Organisational systems
• Principles of project management
• Strategic planning
• Management information and reporting principles, tools and mechanisms
• Building Partnerships
• Coaching
• Communication
• Customer Focus
• Driving for Results
• Selecting Talent

---

Please contact the Nedbank Recruiting Team at +27 860 555 566

If you can't find the job you're looking for, activate job alerts to be one of the first to know when new positions open up.

Nedbank Ltd Reg No 1951/0009/06.
Authorised financial services and registered credit provider (NCRCP16).

For assistance please contact the Nedbank Recruiting Team at +27 860 555 566

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We are currently recruiting for a Manager within our Financial Services Risk Management – Quantitative Advisory Services (QAS) team. The role will focus on credit risk. This includes credit risk modelling, credit risk model validation and the development of advanced analytical solutions for credit decisioning.

The practice focusses on financial services across banking, insurance, and corporate treasuries.

Your key responsibilities

The successful applicant will help develop and lead a team which can offer our clients advice and hands on assistance with issues such as:

• Development and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9
• Credit impairment assessment and due diligence reviews
• Create visualisations of data and generate in-depth insights
• Review and validation of Basel internal rating-based models
• Design and review of credit risk pricing models
• Development of thought leadership material on relevant industry topics

Client responsibilities

• Participate in and, as required, lead FSRM client engagements
• Develop long-term, sustainable relationships with key client stakeholders in line with our go to market strategies and individual market development initiatives
• Develop client solutions based on a deep understanding and knowledge of clients’ business needs
• Develop informed views for clients on the implications of current and anticipated industry issues
• Generate new business sales through proactively managing key accounts, identifying new client opportunities and playing a significant role in developing and driving sales campaigns/solutions

People responsibilities

• Live the EY values
• Act as a thought leader in the field of credit risk
• Lead engagement teams and accounts
• Develop people through effectively supervising, coaching and mentoring all junior levels of staff
• Provide learning and growth opportunities to staff and encourage the potential within all staff to take on challenging opportunities
• Conduct performance reviews and contribute to performance feedback for junior levels of staff
• Contribute to people initiatives including recruiting, retaining and training FSRM professionals
• Maintain an educational program to continually develop your own personal skills

Qualifications and experience required

• Relevant Masters (MComm / MSc /MPhil) or Honours degree in quantitative field like computer science, engineering, actuarial, statistics, mathematics, or related field
• Sound understanding of quantitative methods and the application of these to financial risk management
• Sound understanding of data science methods
• A minimum of 5 years relevant working experience

Otherskills and attributes for success

• Strong analytical skills and statistical aptitude in a modelling environment
• Experience in the development, review and validation of credit risk models (PD, LGD, EAD, ECL) under IFRS 9 and Basel internal rating-based models is a plus
• Proficient in MS office
• Proficient in SAS
• Proficient in VBA, R or Python
• Innovative, creative thinking
• Robust project management skills
• Effective time management
• Initiative and enthusiasm
• Responsibility and maturity
• Professionalism
• Confidence to be client-facing
• Ability to work under pressure
• Flexibility to accept change and adapt

What working at EY offers

• Work for a globally integrated firm of actuarial and quantitative professionals across more than 150 countries, enabling optimised and consistent views across the globe.
• Work with and have access to industry experts, whilst gaining exposure across multiple engagements and clients in the financial services sector.
• Develop both your technical expertise and other skills such as project and stakeholder management.
• Further your continuous professional development through our in-house learning platforms as well as our external learning study policy.
• Work in a company culture that values diversity and inclusiveness, flexibility, employee wellness and corporate social responsibility.
• Receive ongoing mentoring, support and guidance to optimise your professional growth and progress your career at EY.

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

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EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.