Credit Risk Manager
What the work is
Identifies, assesses and manages risk associated with the credit activities of an organisation to minimise potential losses.
Would you enjoy the work?
These are the main tasks in the official description. Mark how each one sounds to you.
- Assesses credit risk within an organisation and makes recommendations on the management of identified risks
- Reviews and recommends updates to existing credit risk policies and procedures
- Monitors client portfolios to identify, avoid and manage changes that create risk, and ensures compliance with existing credit and risk policies
- Manages, tests and improves automated credit risk tools
- Analyses and provides feedback to credit risk analysis teams on their work on credit applications
Try it
A simulation and a case study from this kind of work, set in the credit risk team of a fictional lender that makes loans to households and small businesses. They are fictional.
The kind of days you could have
Good days
- You spot a pattern early and the lender avoids a problem before it grows
- A tricky policy question gets a clear answer you can explain to the whole team
- A small business gets the loan it needs because you found a fair way to assess it
Hard days
- The sales team wants a rule relaxed to hit a target and you are the one saying no
- A tool you rely on gives a result you cannot yet explain
- A long standing customer starts to struggle and the policy gives you little room
Written by Career Calling as a general guide. Real roles vary by employer and place.
Work a mission
Step into a simulated workplace in this field, with a brief from your manager.
Description and tasks: Australian Bureau of Statistics, Occupation Standard Classification for Australia, 2024, Version 1.0 (opens another site), occupation 212931, used under a Creative Commons Attribution 4.0 licence. The skill guide above is our plain English summary.