Credit & Quantitative Risk Manager

About the role

Old Mutual is looking for a highly analytical Credit & Quantitative Risk Manager to strengthen its second‑line‑of‑defence function. The role will protect the institution’s capital and earnings by providing independent oversight, robust risk measurement, and reporting across the credit portfolio.

Key responsibilities

• Manage credit risk inherent in the institution’s credit portfolio.
• Validate credit data for loan loss provisioning, interest suspension, and regulatory reporting.
• Conduct independent reviews of the credit control environment to ensure policy compliance.
• Monitor and analyse key credit risk indicators against internal and regulatory limits.
• Coordinate updates of credit risk policies and develop quantitative credit risk models.
• Perform credit risk stress testing in line with model‑governance frameworks.
• Prepare and present independent credit risk reports to the Executive Committee, Board Loans Review Committee, and other governance forums.
• Provide advisory support on emerging risks and mitigation strategies.
• Supervise and develop the credit risk management team.

Required profile

• First degree in Banking, Finance, Economics, Mathematics, Actuarial Science, Statistics, Risk Management or related discipline.
• Post‑graduate qualification in Risk Management is an advantage.
• Minimum 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.
• Strategic thinking, leadership, and strong stakeholder management skills.

Required skills

• Quantitative credit risk modelling
• Credit risk stress testing
• Basel II/III frameworks
• IFRS 9
• Financial modelling
• Quantitative analysis