OM Bank Credit Risk Analyst
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Job Location:
Johannesburg - South Africa
Monthly Salary:
Not Disclosed
Posted on:
09-10-2025
Vacancies:
1 Vacancy
Job Summary
Lets Write Africas Story Together!
Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.
Job Description
As a Credit Risk Analyst you will play a vital role in analysing credit data developing credit models and supporting credit risk management processes as well as underwriting capabilities. Your responsibilities will involve quantitative analysis risk modelling and providing insights to optimise lending practices.In addition you will be responsible for assessing credit applications evaluating risk and making informed decisions regarding the credit approval process. Youll collaborate with cross-functional teams to maintain credit quality manage risk exposure and support business growth.
KEY RESULT AREAS
Credit Assessment and Decision-Making
- Review credit application and income verification processes.
- Assess creditworthiness based on established criteria and risk appetite.
- Assess affordability based on established criteria and risk appetite.
- Develop appropriate scorecards to be used within the credit decisioning process.
- Design develop and analyse the credit decisioning reports and other relevant documents.
- Develop analyse and implement account management strategies.
Credit Risk Modelling and Analysis
- Assist in developing and maintaining credit risk models.
- Analyse historical credit data or alternative credit data to identify patterns and risk factors.
- Use statistical techniques to predict credit risk.
- Assist in designing and developing Credit Monitoring and Credit Reporting Capabilities to be embedded within the credit platform.
- Assist with the interpretation of credit monitoring and credit reports.
Impairment Modelling and Analysis
- Assist in developing and maintaining IFRS 9 ECL models.
- Assist in designing and developing IFRS 9 Reporting
Data Preparation and Feature Engineering
- Clean and preprocess raw credit data.
- Create relevant features for credit risk modelling.
- Handle missing data and outliers.
Risk Evaluation and Mitigation
- Analyse credit decisioning reports and other relevant documents.
- Evaluate credit risk associated with each credit application.
- Consider factors such as payment history and income stability.
- Provide critical analytical insights to improve decisioning.
Policy Compliance and Process Optimisation
- Ensure compliance with credit policies standards procedures and regulatory guidelines.
- Collaborate with key stakeholders and business units to streamline processes.
- Collaborate with customer-facing squads such as onboarding collections and demand generation.
- Optimise workflows to enhance efficiency and turnaround time.
ROLE REQUIREMENTS
- Bachelors degree in Statistics Mathematics or related fields.
- 2 - 4 yearscredit risk experience in banking
- Strong interest in quantitative analysis and credit risk modelling.
- Credit underwriting experience in a digital bank is advantageous.
- Regulatory Capital and IFRS 9 experience
- Proficiency in SAS programming is advantageous.
Skills
Action Planning Analytics Software Budget Management Business Intelligence (BI) Analysis Computer Literacy Data Analysis Data Compilation Data Controls Data Interpretations Data Modeling Evaluating Information Numerical Aptitude Report Review Solution Analysis Statistical Analysis TechniquesCompetencies
Business InsightCultivates InnovationManages ComplexityOptimizes Work ProcessesSituational AdaptabilityStrategic MindsetEducation
Closing Date
11 October 2025 23:59The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.
The Old Mutual Story!
Required Experience:
IC
Key Skills
- ISO 27001
- Microsoft Access
- Risk Management
- Financial Services
- PCI
- Risk Analysis
- Analysis Skills
- COBIT
- NIST Standards
- SOX
- Information Security
- Data Analysis Skills
About Company
Old Mutual offers a wide range of life insurance products, car and home insurance, personal loans, and investment, corporate and financial planning solutions.
