Key Responsibility Areas (KRA) & Key Performance Indicators (KPI) for Credit Risk Analyst
1. Credit Risk Assessment
KRA: Analyzing and evaluating credit risk to determine potential financial losses.
Short Description: Assessing credit risks to mitigate financial exposure.
- Number of credit risk assessments conducted per month
- Accuracy of credit risk predictions
- Percentage of high-risk accounts identified
- Timeliness in providing credit risk reports
2. Portfolio Management
KRA: Managing and optimizing credit portfolios for maximum returns.
Short Description: Balancing risk and return in credit portfolios.
- Portfolio diversification effectiveness
- Portfolio performance against benchmarks
- Default rate within the portfolio
- ROI of credit portfolio investments
3. Compliance Monitoring
KRA: Ensuring adherence to regulatory and internal compliance standards.
Short Description: Monitoring compliance to mitigate legal risks.
- Completion rate of compliance audits
- Number of compliance violations detected
- Timely implementation of compliance recommendations
- Training effectiveness on compliance policies
4. Credit Scoring Models
KRA: Developing and refining credit scoring models for accurate risk assessment.
Short Description: Improving credit scoring accuracy for better decision-making.
- Model accuracy compared to actual defaults
- Frequency of model updates based on new data
- Consistency of scoring across different segments
- Model performance in predicting creditworthiness
5. Risk Mitigation Strategies
KRA: Implementing strategies to mitigate credit risks and minimize losses.
Short Description: Developing proactive risk mitigation plans.
- Effectiveness of risk mitigation actions taken
- Reduction in overall credit risk exposure
- Response time to emerging credit risk threats
- Success rate of risk mitigation strategies
6. Data Analysis and Reporting
KRA: Analyzing credit data to generate actionable insights and reports.
Short Description: Utilizing data for informed decision-making.
- Accuracy of data analysis reports
- Insights derived from data analysis
- Frequency of data reporting to stakeholders
- Data-driven recommendations implemented
7. Client Relationship Management
KRA: Building and maintaining strong relationships with clients to understand their credit needs.
Short Description: Fostering client trust and satisfaction.
- Client satisfaction survey results
- Client retention rate
- Number of client referrals received
- Response time to client queries or concerns
8. Industry Research and Trends
KRA: Staying updated on industry trends and best practices in credit risk management.
Short Description: Keeping abreast of industry developments for proactive strategies.
- Frequency of industry trend analysis
- Implementation of industry best practices
- Identification of emerging risk factors in the industry
- Adaptation of strategies based on industry changes
9. Team Collaboration
KRA: Collaborating with cross-functional teams to enhance credit risk processes.
Short Description: Working cohesively with teams for optimized outcomes.
- Participation in team projects related to credit risk
- Feedback from team members on collaboration effectiveness
- Meeting project deadlines through teamwork
- Contributions to team innovation in credit risk management
10. Continuous Learning and Development
KRA: Engaging in continuous learning to enhance credit risk analysis skills.
Short Description: Investing in professional growth for improved performance.
- Completion of relevant training programs or certifications
- Application of new skills in credit risk analysis
- Feedback on skill enhancement from supervisors
- Professional growth impact on job performance
