143 Credit Underwriter 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.

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.

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

We are looking for a seasoned Financial Crime Risk Assessment Specialist to join our team of experts responsible for providing ongoing oversight of the compliance issues impacting the financial crime risk profile. The role includes active engagement with segments on non-compliance issues raised by assurance providers or identified through breaches in key risk indicators. In addition, the incumbent will coordinate and participate in the group’s response to quarterly regulatory returns, periodic inspections, and progress reports on remediation.

Coordinate (manage / direct / contribute to) requests for information, quarterly returns to the regulator, and self-assessment questionnaires or declarations.

• Coordinate the group response to inspections by regulators, requesting information from segments, evaluating segment feedback, and submitting to regulators, including coordination of presentations.
• Perform monthly Archer logs reviews and facilitate meetings with the respective segment compliance teams to ensure non-compliance issues are complete, accurate, and valid when logged on Archer. Review risk ratings, root causes, and action plans, and assess the adequacy of actions to close findings promptly.
• Oversee attendance at key segment or business unit meetings.

Coordinate submissions for regulatory reports, consolidate to create a group view, and evaluate segment feedback. Assist with the collation, preparation, and distribution of financial crime compliance management, governance, and assurance reports from the Group Financial Crime. Support the quarterly Prudential Authority returns for ML/TF/PF, extracting data from sources within FSR (e.g., AML Ops).

Facilitate assessments and evaluate the controls' effectiveness. Track and follow up on corrective actions. Prepare high-risk themes for monitoring based on legislation, policies, standards, and guidance notes.

Manage and contribute to engagement with regulators, maintaining effective relationships across FirstRand’s financial crime centre of excellence and business unit compliance officers.

Perform any other ad hoc tasks assigned by the Group Head of Financial Crime Compliance or the Group Financial Crime Compliance Manager.

• Ambitious, driven, and resilient to change and challenges.
• Strategic thinker with operational excellence skills.
• Ability to multitask in a fast-paced environment managing multiple projects.
• Excellent analytical, communication, interpersonal, and facilitation skills.
• Strong planning, organizational, and project management skills.
• Trustworthy with highly sensitive information and collaborative in stakeholder engagement.
• Adaptable to workforce trends, including hybrid work models.
• Ability to translate complex data into compelling narratives for senior leadership.
• Agile mindset with a focus on quick delivery and continuous growth in technical and leadership skills.

Applications will not be accepted after 16/08/2025. Please submit applications before the closing date. All appointments will align with FirstRand Group’s Employment Equity plan. The bank supports the recruitment and advancement of individuals with disabilities. Candidates may disclose disability information voluntarily; this will be kept confidential unless required by law.

Are you passionate about navigating the complex landscape of financial risk assessment? Do you possess a keen eye for detail and a knack for uncovering potential pitfalls before they arise?

As a Credit Risk Consultant, you will play a pivotal role in analyzing credit data, assessing risk factors, and providing strategic recommendations to mitigate potential financial losses. You'll collaborate with cross-functional teams to develop innovative solutions that enhance our clients' risk management strategies.

Key Responsibilities:

1. Conduct thorough analyses of credit data to identify potential risks and opportunities.
2. Develop predictive models and risk assessment methodologies to optimize credit decision-making processes.
3. Provide actionable insights and recommendations to clients to minimize credit losses and maximize profitability.
4. Stay abreast of industry trends and regulatory changes to ensure compliance and best practices.

1. Bachelor's degree in finance, economics, mathematics, or a related field.
2. Proven experience in credit risk analysis and modelling within the financial services industry.
3. Proficiency in statistical analysis software and programming languages (e.g., SAS, R, Python).
4. Strong analytical skills with a meticulous attention to detail.
5. Excellent communication and interpersonal skills to effectively collaborate with team members and clients.

Apply now!

Overview : A reputable financial institution is seeking an experienced Credit Risk Manager to oversee credit risk processes within the corporate banking and treasury environment.

This role is critical for maintaining robust risk controls, supporting strategic decision-making, and ensuring compliance with internal credit policies and regulatory requirements.Key Responsibilities : Evaluate credit applications submitted by corporate banking and treasury departments, including validating internal credit ratings and post-loan reportingReview and provide opinions on credit limits, transactions, and internal risk assessmentsManage and ensure compliance with drawdown procedures and internal policiesParticipate in regulatory reporting processes such as ICAAP, Recovery Plans, Risk Appetite assessments, and Pillar 3 disclosuresEngage with regulators, auditors, and industry forums on credit risk mattersMonitor compliance with internal credit policies, including industry concentration risk, loan renewals, covenant adherence, and legal agreement requirementsConduct ongoing post-lending monitoring including credit risk escalation, ESG risk assessment, and asset reclassificationTrack past dues, non-performing assets, and oversee loan write-off processesPerform credit administration tasks such as drawdown confirmations, credit limit monitoring, and reporting tools managementServe as secretary to Credit Committees and Deal Forums by scheduling meetings, preparing documentation, and maintaining recordsMinimum Requirements : BCom Degree in Finance, Economics, or related field (essential)Postgraduate qualification in Finance (advantageous)4–8 years' experience in credit / business analysis within banking or financial servicesSolid knowledge of credit risk principles, financial analysis, and banking regulationsProficient in MS Office (Excel, Word, PowerPoint)Strong analytical ability, attention to detail, time management, and communication skills If you have not been contacted within 10 working days, please consider your application unsuccessful.

Job Requisition Details

REQ#141181

Location : Johannesburg Gauteng

Closing Date : 07 August 2025

Talent Acquisition : Bongiwe Mchunu

Job Family

Credit

Career Stream

Credit Collections

Leadership Pipeline

Manage Self Professional

FAIS Affected

Job Purpose

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.

Job Responsibilities

• 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 teams 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.

Essential Qualifications - NQF Level

Preferred Qualification

Minimum Experience Level

Requirements

Technical / Professional Knowledge

Behavioural Competencies

Please contact the Nedbank Recruiting Team at

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 : years

Vacancy : 1

Reference : NFP015798-HN-1

Credit Risk Modeller - Turn Data into Smarter Lending Decisions

Do you see numbers where others see noise? Can you design a model that anticipates risk before it happens? We are looking for a Credit Risk Modeller to help shape the future of smarter lending through powerful analytics and predictive risk modelling.

About the Role

This is not just another modelling job; it's an opportunity to take ownership of credit risk strategy and build impactful solutions from scratch. You will be central to decision-making, designing models that drive financial performance, enable growth, and promote smart risk-taking across both merchant and consumer lending portfolios.

Responsibilities

• Design, develop, and maintain advanced credit risk models that support smarter lending decisions.
• Build and refine credit scoring models to improve approval rates and reduce defaults.
• Monitor model performance and stability using diagnostic tools and validations.
• Collaborate with analysts, engineers, and decision-makers to ensure data quality and integrity.
• Produce clear, audit-ready documentation supporting model governance.
• Contribute to stress testing and scenario planning for capital and regulatory assessments.
• Assist in integrating models into operational systems and automation pipelines.
• Stay informed about regulatory updates, emerging modelling trends, and AI innovations.

Qualifications

• A degree in Statistics, Data Science, Actuarial Science, Mathematics, or related fields.
• 3+ years of hands-on experience building risk or financial models.
• Strong understanding of credit lifecycle, scorecard development, and risk KPIs.
• Proficiency in Python, R, SQL, or SAS, and experience working with large datasets.
• Comfortable working in fast-paced, data-rich environments (fintech experience is a plus).
• Bonus: Familiarity with model governance, validation frameworks, or regulatory requirements.

Preferred Skills

• Possession of an MSc or PhD in a quantitative field.
• Knowledge of machine learning techniques, even if not used daily.
• Ability to explain concepts like the Gini coefficient or PD curve to non-technical stakeholders.
• Experience embedding models into production systems within cross-functional teams.

What You Will Gain

• Influence lending decisions and risk appetite through your models.
• Full ownership of the modelling lifecycle, from development to deployment.
• Access to real-world data, real-time feedback, and tangible impact.
• A collaborative team of data enthusiasts and business innovators.
• Opportunities to grow, innovate, and advance your career.

If you're interested, please apply directly. For more finance jobs, visit our website. If you do not receive a response within two weeks, consider your application unsuccessful. Your profile will be retained for future opportunities. Feel free to contact us to discuss your next career move in finance.

For more information, contact:

Heidi Nieuwoudt, Specialist Recruitment Consultant: Actuarial and Analytical

Employment Type : Full-Time

Experience : 3+ years

Vacancy : 1