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What is a Credit Risk Manager?

Credit risk refers to the probability of loss due to a borrower’s failure to make payments on any type of debt. Credit risk management is the practice of mitigating losses by understanding the adequacy of a bank’s capital and loan loss reserves at any given time – a process that has long been a challenge for financial institutions. It is the duty of a Credit Risk Manager to mitigate losses with regards to financial risk for an organization.

Some responsibilities of a Credit Risk Manager may include:

  • Review strategic credit positions
  • Assess Changes in Largest Exposures
  • Review Credit Limits
  • Assess if provisions are up to date
  • Review if concentrations are within stipulated limits
  • Assess if all credit exposures are covered and mapped
  • Report all significant risks
  • Ensure credit risk reports reach all relevant parties
  • Discuss significant credit risks if any with top management
  • Conduct stress and scenario testing and analysis of portfolio at global levels
  • Review past or anticipated changes in provisions
  • Review if any changes need to be made in specific provisions
  • Ensure all transactions have full and proper documentation
  • Ensure credit protection is fully understood and utilized
  • Explore if there are any further possibilities of exploiting credit protection

Are you looking to appoint a Credit Risk Manager?

Whether your opportunity is a permanent or interim appointment, we can help you find the ideal candidate for the position. To find out more, hit the “book a call” button below and complete the contact form and we’ll be in touch within 24 hours to discuss your opportunity further.

Why Kind Consultancy?

  • Our extensive network of GRC experts enables us to present your opportunity to the best talent on the market.
  • Proactive head-hunting delivers the right candidate for your opportunity swiftly whilst improving the accuracy of the search.
  • You’ll receive a shortlist of qualified candidates that fit your requirements. This means you won’t have to sift through handfuls of prospective candidate CVs.
  • We have a database pre-qualified, permanent and interim, GRC experts that are ready and waiting to hear about your role.
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