635 Risk Analyst jobs in South Africa

Overview

Quantitative Analyst

Location: Johannesburg, hybrid

Salary: R400 000 - R750 000 CTC per annum

We’re looking for a driven Quantitative Analyst to join a forward-thinking Bank that values innovative ideas and smart collaboration. If you’re passionate about building intelligent pricing and risk solutions, love solving complex problems, and want to be part of a high-performing team, we’d love to hear from you.

• Develop, test, and maintain pricing and risk management solutions.
• Design and enhance financial models (e.g. pricing, curve stripping, scenario analysis).
• Analyse and improve risk and pricing systems and processes.
• Troubleshoot and resolve production issues, collaborating with multiple stakeholders.
• Translate business requirements into clear technical specifications.
• Participate in cross-functional sessions to support system integration and process optimization.
• Monitor the value delivery of implemented solutions against defined business cases.

• 3–5 years of relevant experience in quantitative, risk, or business analysis roles.
• Bachelor's degree in Mathematical Finance or similar quantitative discipline (Postgraduate preferred).
• Hands-on experience designing and testing quantitative systems.
• Strong SQL and data analysis skills.
• Familiarity with multi-asset classes and trade lifecycle is a plus.
• Solid understanding of data models and system integration flows.

• You're naturally curious and always seeking smarter ways to solve problems.
• You strive for excellence and invest in mastering your craft.
• You place the client at the center of your work, always thinking about impact.
• You thrive in collaborative environments and value shared success.

• Work on challenging and meaningful projects.
• Opportunities to innovate and explore new technologies.
• A collaborative team culture that values thought leadership.
• Career development in a high-performance environment.

• Mid-Senior level

• Full-time

• Analyst, Finance, and Accounting/Auditing

• Banking, Financial Services, and Capital Markets

Quantitative Analyst

Location: Johannesburg, hybrid

Salary: R R CTC per annum

We're looking for a driven Quantitative Analyst
to join a forward-thinking Bank that values innovative ideas and smart collaboration. If you're passionate about building intelligent pricing and risk solutions, love solving complex problems, and want to be part of a high-performing team, we'd love to hear from you.

What You'll Be Doing

• Develop, test, and maintain pricing and risk management solutions.
• Design and enhance financial models (e.g. pricing, curve stripping, scenario analysis).
• Analyse and improve risk and pricing systems and processes.
• Troubleshoot and resolve production issues, collaborating with multiple stakeholders.
• Translate business requirements into clear technical specifications.
• Participate in cross-functional sessions to support system integration and process optimization.
• Monitor the value delivery of implemented solutions against defined business cases.

What You Bring

• 3–5 years of relevant experience in quantitative, risk, or business analysis roles.
• Bachelor's degree in
  Mathematical Finance
  or similar quantitative discipline (Postgraduate preferred).
• Hands-on experience designing and testing quantitative systems.
• Strong SQL and data analysis skills.
• Familiarity with multi-asset classes and trade lifecycle is a plus.
• Solid understanding of data models and system integration flows.

What Sets You Apart

• You're naturally curious and always seeking smarter ways to solve problems.
• You strive for excellence and invest in mastering your craft.
• You place the client at the center of your work, always thinking about impact.
• You thrive in collaborative environments and value shared success.

What You'll Gain

• Work on challenging and meaningful projects.
• Opportunities to innovate and explore new technologies.
• A collaborative team culture that values thought leadership.
• Career development in a high-performance environment.

Apply now

Stefan Pretorius

Recruiter

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.

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.

• Develop and calibrate credit risk models, including PD, LGD, and EAD
• Validate and monitor IFRS 9 impairment and regulatory models
• Deliver portfolio credit analytics, benchmarking and peer analysis
• Create scorecards, behavioural pricing frameworks, and risk strategy models
• Contribute to audit support, regulatory compliance, and advisory engagements
• Present findings and solutions to clients in well-structured reports
• Mentor Junior Analysts and contribute to a high-performing team culture

• Undergraduate Degree in Statistics, Mathematics, Financial Engineering, Actuarial Science, Economics, Engineering, or a related field
• 35 years of relevant experience in credit risk modelling or financial services consulting
• Strong understanding of the credit lifecycle, model development processes, and IFRS 9 and Basel regulations
• Coding proficiency in SAS, R, or Python (SAS Enterprise Guide an advantage)
• Proficient in MS Excel, Word, and PowerPoint
• Strong attention to detail, problem-solving mindset, and business acumen

• Excellent verbal and written communication skills
• The ability to work with cross-functional teams and build client relationships
• Experience mentoring or guiding junior team members
• Comfort working in a hybrid model, balancing autonomy with collaboration
• A passion for quality, innovation, and continuous learning

• Be part of a team delivering real impact in financial services and treasury operations
• Work on challenging, high-profile projects across Africa and global markets
• Enjoy a hybrid working environment with a strong focus on flexibility and team culture
• Access career-defining learning, development, and leadership pathways
• Be part of a diverse and inclusive team that values transformation and progress