Credorax Bank Ltd.

Credit Risk Analyst

2 months ago(07/11/2017 13:54)
Job ID
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Credorax Bank Ltd is an established payment services provider and card payments acquirer specializing in tailor made solutions for ecommerce transaction processing. The company is now looking for a Credit Risk Analyst who will report to the Risk Operations Manager.


  • Review of new merchant applications with the objective of identifying the financial risks the company may be exposed to.
  • Ongoing reviews of merchant accounts to ensure processing is still in line with expectations ensuring Credorax are properly secured by sufficient collateral. 
  • Assess merchant’s financial position through proper financial statement analysis.  
  • Setting merchant collateral to mitigate financial risk.
  • Regular liaison with various departments to understand and explain the risk exposed by new and existing merchants.
  • Preparation of regular reports for internal and external stakeholders.
  • Maintain and adjust credit risk assessment in line with the credit risk and risk appetite policy of the company.
  • Developing new monitoring structures to identify negative trends in both merchant’s and portfolio’s performance.
  • Preparation of visual monthly reports to facilitate the explanation of risk findings.
  • Take necessary measures to minimise the credit risk exposure of the company as guided by senior management.
  • Keep abreast with the latest updates in the various card scheme rules and regulations
  • Monthly card schemes reporting.
  • Maintaining ongoing relationships with the various stakeholders and keeping them up-to-date with any updates within the Risk framework of the company.
  • Liaise with other departments in view of making existing processes more efficient whilst constantly looking out for new and improved ways to streamline processes and workloads.


  • Be degree qualified in banking and finance, statistics, economics or related discipline.
  • Have experience within the payment industry, acquiring experience is beneficial but not necessary, and within credit risk.
  • Have advanced Excel knowledge.
  • Ability to read, analyse, and interpret business financial statements
  • Be excellent at communicating – both verbal and in writing. 
  • Fluent in English. 
  • Be able to work under minimum supervision.
  • Naturally have a flair for the intuitive and investigative nature of the role.


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