Credit Risk Analyst Job Vacancy in Middelburg, South Africa – Banking and Financial Services

Job Description

Position: Credit Risk Analyst

Company: First National Bank (FNB)

Location: Middelburg, South Africa

Experience: 3-5 years in credit risk analysis

Education: Bachelor’s degree in Finance, Economics, or related field

Employment Type: Full-time

Industry: Banking and Financial Services

Department: Risk Management

Salary: SSP 350,000 – 550,000 per annum

Vacancies:1

Company Overview

First National Bank (FNB) is a leading South African financial institution with a strong presence across the continent and a reputation for innovative banking solutions. With a commitment to sustainable growth, FNB supports the economic development of South Africa by providing comprehensive banking services to individuals, SMEs, and large corporations. The bank’s risk management framework is integral to its success, ensuring sound credit decisions and protecting stakeholder value. As part of its expansion strategy, FNB is strengthening its risk teams in key regional hubs, offering exciting career opportunities for professionals seeking to make an impact in the financial sector. This role contributes directly to the bank’s mission of delivering secure, responsible, and customer‑focused banking services, aligning with the broader goals of employment and economic empowerment in South Africa. South Africa Jobs, Jobs in South Africa, Job Vacancy in South Africa, Career Opportunities in South Africa, Employment in South Africa, Hiring in South Africa are all part of FNB’s growth narrative.

https://southafricajobsearch.com

Job Overview

The Credit Risk Analyst will join the Middelburg Risk Management team, reporting to the Senior Credit Risk Manager. In this role, you will evaluate credit proposals, monitor portfolio performance, and develop risk mitigation strategies that align with FNB’s risk appetite. You will work closely with relationship managers, underwriting teams, and senior executives to ensure that credit decisions are data‑driven and compliant with regulatory standards. This position offers a dynamic environment where analytical rigor meets strategic insight, providing a platform for professional growth within a leading banking institution.

https://www.mauritiusjobsearch.com/

Key Responsibilities

• Analyze credit applications and financial statements to assess borrower creditworthiness.
• Conduct quantitative risk modeling, including probability of default and loss given default calculations.
• Prepare detailed credit risk reports and present findings to senior management.
• Monitor existing loan portfolios for early warning signals and recommend corrective actions.
• Collaborate with product teams to design credit products that balance risk and profitability.
• Ensure compliance with Basel III, SARB regulations, and internal credit policies.
• Maintain and enhance credit risk databases and analytical tools.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, VBA, and statistical software (e.g., R, Python).
• In‑depth knowledge of credit risk assessment methodologies and regulatory frameworks.
• Excellent written and verbal communication skills for report preparation and stakeholder presentations.
• Ability to work independently and as part of a cross‑functional team.
• Attention to detail and strong problem‑solving mindset.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. Professional certifications such as CFA, FRM, or CPA are advantageous and demonstrate a commitment to the field.

Experience

Applicants should have 3‑5 years of hands‑on experience in credit risk analysis, preferably within a banking or financial services environment. Experience with credit scoring models, portfolio monitoring, and regulatory reporting is essential.

Salary

The compensation package ranges from SSP 350,000 to SSP 550,000 per annum, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the total rewards structure.

Benefits

• Comprehensive medical and dental cover.
• Pension fund contributions matching up to 10% of salary.
• Generous paid leave, including annual, sick, and parental leave.
• Employee assistance program and wellness initiatives.
• Access to continuous learning platforms and tuition reimbursement.

Training

• On‑boarding program covering FNB’s risk framework and systems.
• Advanced credit risk modeling workshops.
• Leadership development tracks for high‑potential analysts.
• Regular webinars on regulatory updates and industry best practices.

Working Environment

FNB offers a collaborative, inclusive, and technology‑enabled workplace. The Middelburg office features modern workspaces, flexible working arrangements, and a culture that values diversity and innovation. Employees are encouraged to share ideas and contribute to continuous improvement initiatives.

Application Process

Interested candidates should submit their application through the FNB careers portal. The process includes an online assessment, a technical interview with the Risk Management team, and a final interview with senior leadership. Candidates will be notified of their status at each stage. For more information on applying, visit https://www.mozambiquejobsearch.com/.

Equal Opportunity Statement

First National Bank (FNB) is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of race, gender, age, disability, religion, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.