The Credit Risk Analyst I extracts data from a variety of sources and uses data to build simple to moderately complex financial models that predict risk exposure. Provides analysis and evaluation in order to reduce credit risk for a financial institution. Being a Credit Risk Analyst I requires a bachelor’s degree. Prepares performance reports for management. In addition, Credit Risk Analyst I typically reports to a supervisor or manager. Being a Credit Risk Analyst I works on projects/matters of limited complexity in a support role. Work is closely managed. Working as a Credit Risk Analyst I typically requires 0-2 years of related experience.
Credit Risk Analyst Job Description Template
Our company is looking for a Credit Risk Analyst to join our team.
Responsibilities:
- Assisting with the review and enhancement of the credit limits to ensure the business exposure strategy is met;
- Maintaining and updating forecast models for future legal write off and provisions;
- Monitoring key metrics and interpreting findings;
- Use data-oriented approach to work with others in solving complex business problems around profitability, marketing, risk, and operational analysis;
- Performing data-oriented ‘what if’ and ‘ad-hoc’ analysis to support business strategy optimization in credit operations;
- Assisting Credit Risk Manager and Senior Credit Risk Analysts on key projects;
- Forecast and monitor credit market trends using statistical techniques;
- Run statistical models to forecast portfolio risk and monitor trends;
- Investigate data integrity issues, test assumptions and validate analytical results, ensuring accuracy and sensitivity of findings;
- Conduct analysis to determine the impact of changes to application and account management strategies;
- Present ideas via reports and presentations, outline findings and make recommendations for improvements to business stakeholders;
- Produce risk reports as part of the monthly risk reporting processes;
- Align risk reporting to meet Shareholder requirements;
- Test the implementation of strategy changes to live decisioning systems;
- Perform standard and ad-hoc statistical analysis to investigate trends and support Credit Risk decisions.
Requirements:
- Strong willingness to learn;
- Numerate degree (BSc, BCom, B Bus Sci, B Eng.);
- Minimum of 2 years’ working experience as a credit risk analyst;
- Advanced computer literacy skills with a high proficiency in MS Excel, SQL or SAS;
- Be able to review own work with attention to detail;
- Working knowledge and exposure to processes such as banking or retail credit;
- Would benefit from courses in advanced mathematics, computer programming, economics, and operations research;
- Key personality traits: independence, creativity, detail oriented, organized and ability to multi-task, persistence, and humility;
- Thorough knowledge of the daily operations of credit functions;
- Ability to analyze financial statement and assess transactional and corporate risk;
- Ability to critically analyse and problem solve;
- Credit Risk Analysis on lending products;
- Preparation of data-driven credit policy recommendations for senior management;
- Relevant Degree;
- Able to critically analyse and problem solve.