Senior Risk Analyst

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Senior Risk Analyst

Location: Woodstock, Cape Town
Salary: R960k per annum

About the Role:
Reporting to the Risk Manager, you will play a pivotal role in assessing, analyzing, and mitigating risks within our company where Merchant Cash Advances (MCA’s) are offered to small and medium enterprises (SME) merchants. You will be responsible for evaluating the creditworthiness of potential SME borrowers, monitoring the performance of existing advance portfolios, and providing insights to support strategic decision-making. This position requires a keen understanding of micro and macro market indicators, risk management principles, and regulatory requirements.

Requirements:
Degree in mathematics, statistics, data science, or a related quantitative field.
At least 5 years of experience in credit risk analysis within retail, insurance or financial services.
Strong understanding of IFRS9 principles and their application to credit risk management, including Expected Credit Loss (ECL) calculations and impairment assessment methodologies.
Strong analytical skills with the ability to interpret complex financial and trade data and make informed decisions.
Excellent communication and presentation skills, with the ability to convey complex concepts to non-technical stakeholders.
Proven leadership abilities with experience in guiding and mentoring junior team members.
Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
Familiarity with SME lending practices and challenges, including industry-specific risk factors, is highly desirable.
Proficiency in software tools such as Databricks, SQL, R, or Python.

Responsibilities:
Monitor the performance of SME portfolios, identifying trends and potential risks, and recommending appropriate risk mitigation strategies.
Managing the strategic direction of the portfolio by balancing both risk and sales objectives
Collaborate with cross-functional teams including finance, operations, and compliance to ensure alignment with risk management objectives.
Prepare and present reports to senior management, highlighting key risk metrics, trends, and recommendations.
Develop and maintain risk models and methodologies to quantify and manage credit risk exposure.
Develop stress testing scenarios and sensitivity analyses to assess the resilience of the SME portfolio under various economic conditions.
Stay updated on changes to regulatory frameworks, particularly IFRS9 requirements, and ensure compliance in credit risk management practices and reporting.
Provide guidance and mentorship to junior analysts, fostering a culture of continuous learning and development within the team.

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