Credit & Quantitative Risk Manager

Responsibilities

• Managing credit risk inherent in the institution's credit portfolio.
• Validating credit data for loan loss provisioning, suspension of interest, and regulatory reporting requirements.
• Conducting independent reviews of the credit control environment to ensure compliance with policies and procedures.
• Monitoring and analysing key credit risk indicators against internal and regulatory limits.
• Coordinating reviews and updates of credit risk policies.
• Developing and validating quantitative credit risk models.
• Performing credit risk stress testing in line with model governance frameworks.
• Preparing and presenting independent credit risk reports to Executive Committee, Board Loans Review Committee, and other governance forums.
• Providing advisory support on emerging risks and mitigation strategies.
• Supervising and developing the credit risk management team.
• Undertaking any other duties as assigned by management.
• Key Result Areas
• Effective monitoring of the credit risk control environment and audit findings.
• Implementation and adherence to credit risk policies and processes.
• Timely and accurate reporting to senior management and regulators.
• Development and validation of risk models.
• Proactive identification and mitigation of risks.
• Delivery of robust credit risk stress testing processes.
• Qualifications & Experience
• A first degree in Banking, Finance, Economics, Mathematics, Actuarial Science, Statistics, Risk Management, or a related discipline.
• A postgraduate qualification in Risk Management or a related field is an added advantage.
• Minimum of 2 years' experience in credit risk management, including quantitative modelling and stress testing within a financial institution.
• Strong understanding of Basel II/III frameworks and IFRS 9 requirements.
• Proven financial modelling and analytical expertise.
• Competencies
• Strategic thinking and innovation.
• Strong leadership and ability to influence.
• Excellent written and verbal communication skills.
• High level of accuracy, attention to detail, and organisation.
• Ability to work independently under pressure and meet tight deadlines.
• Action-oriented with strong execution capability.
• Excellent stakeholder management and collaboration skills.
• Training, facilitation, and presentation expertise.
• Strong technical and analytical capability.

Requirements

• Customer Service, Digital Literacy, Financial Information, Quantitative Analysis, Regulatory Compliance, Regulatory Risk Assessment, Risk Management
• Competencies
• Action Oriented
• Balances Stakeholders
• Financial Acumen
• Instills Trust
• Interpersonal Savvy
• Manages Complexity
• Optimizes Work Processes
• Persuades
• Education
• Bachelor of Commerce Honours (BCom Hons): Business Finance, Economics, Bachelor of Science (BSc): Actuarial And Financial Mathematics, Master of Science (MSc): Actuarial And Financial Mathematics
• Closing Date
• 01 July 2026 , 23:59
• The Old Mutual Story!

Benefits

Additional Information

Lets Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description We are seeking a highly analytical and driven Credit and Quantitative Risk Manager to join our team. This role plays a critical second-line-of-defence function, safeguarding the institution's capital, earnings, and control environment against credit and operational risks. The successful candidate will provide independent oversight, robust risk measurement, monitoring, and reporting, while validating the effectiveness of credit risk management practices across the organisation.

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