Credit Analyst

Primary Purpose of the Role The Credit Analyst will join BDO South Africa’s Financial Services Advisory practice within the Credit Risk Solutions (CRS) team, supporting specialist audit and advisory engagements across banks, financial institutions and corporate clients. The role will focus on quantitative credit risk modelling, model validation, data analytics and automation, with particular emphasis on supporting IFRS 9 Expected Credit Loss (ECL) reviews and the assessment of credit risk models. The Analyst will work closely with experienced credit risk specialists, audit engagement teams and client stakeholders to deliver high-quality quantitative analysis, model assessments and technical reporting, while developing practical experience in financial risk advisory, credit risk methodologies and specialist external audit support. Key Responsibilities Credit Risk Modelling and IFRS 9 ECL Reviews Assist with independent reviews and reperformance of IFRS 9 ECL models across wholesale, retail and other lending portfolios. Support the assessment and validation of Probability of Default (PD), Loss Given Default (LGD) and Exposure at Default (EAD) methodologies. Perform quantitative analysis of historical default data, recoveries, credit risk parameters and model outputs. Assist with assessing model assumptions, segmentation, calibration and performance. Support the review of staging, Significant Increase in Credit Risk (SICR) criteria and forward-looking macroeconomic adjustments. Assist with the development, enhancement and testing of quantitative credit risk models. 2. Model Validation and Quantitative Analysis Perform statistical analysis, model benchmarking, backtesting and sensitivity testing. Compare model outputs against historical performance, external credit ratings, financial metrics and other relevant benchmarks. Assist in identifying model limitations, inconsistencies and potential areas for improvement. Support the assessment of model methodologies, assumptions and predictive performance. Perform gap analysis and root-cause investigations to explain differences in model results. Document validation procedures, analytical findings and conclusions in structured working papers. 3. Data Analytics, Pipeline Development and Process Automation Assist with the development, maintenance and enhancement of automated data processing pipelines supporting IFRS 9 ECL reviews, credit risk modelling and model validation engagements. Support the design and implementation of end-to-end analytical workflows, including data extraction, transformation, cleansing, validation, model execution and reporting. Develop and maintain automated processes to improve the efficiency, accuracy and consistency of credit risk calculations and testing procedures. Perform data quality assessments, completeness checks and reconciliations to ensure the reliability of financial and credit risk information. Apply Python, R, SAS, SQL and Excel to support data processing, model testing, workflow automation and analytical reporting. Support the development of standardised analytical tools and reusable processes across engagements. Identify opportunities to streamline existing procedures, reduce manual intervention and improve the scalability of analytical solutions. 4. Dashboard Development and Management Reporting Assist with the development and maintenance of interactive dashboards and management information reports for credit risk analysis and monitoring. Develop visualisations to communicate credit risk exposures, ECL movements, model performance and key risk indicators. Support the integration of analytical outputs into automated reporting templates and dashboards. Assist with the development of portfolio-level reporting and analytical summaries to support risk assessments and management decision-making. Ensure dashboards and reports are accurate, clearly presented and supported by appropriate data validation and reconciliation procedures. Explore opportunities to enhance reporting efficiency through automation and data visualisation tools. 5. Financial Risk Advisory and Valuations Assist with quantitative credit risk assessments for financial institutions and corporate counterparties. Support the analysis of financial statements, external credit ratings and borrower risk characteristics. Assist with financial instrument valuations, including debt instruments and financial guarantees. Support credit risk assessments relating to impairment, pricing and other financial risk matters. Contribute to research on credit risk methodologies, regulatory developments and industry practices. 6. Audit Support and Engagement Delivery Support the CRS team in delivering specialist external audit and advisory engagements. Perform independent recalculations, quantitative testing and analytical procedures over credit risk models. Prepare clear, accurate and well-supported working papers in accordance with BDO methodology. Assist with identifying, investigating and documenting model differences and technical findings. Support the preparation of technical reports, presentations and client deliverables. Work collaboratively with engagement teams to meet agreed timelines and quality standards. 7. Stakeholder Engagement and Professional Development Engage with internal teams and client stakeholders to obtain information and clarify analytical matters. Communicate technical observations, analytical results and findings clearly and professionally. Participate in technical training, research and knowledge-sharing initiatives. Develop an understanding of IFRS 9, IFRS 13, Basel regulatory requirements and relevant credit risk frameworks. Continuously enhance technical, programming, quantitative modelling and analytical capabilities.