Home > Salary > South Africa > Credit Risk Analyst
A credit risk analyst is responsible for evaluating and assessing the creditworthiness of individuals, businesses, or organizations. They analyze financial data, review credit histories, and assess potential risks involved in lending money or extending credit. Their primary role is to minimize credit losses by identifying and mitigating potential risks through thorough analysis and evaluation. Credit risk analysts also develop and implement credit risk management strategies and policies to ensure the overall health of the organization's credit portfolio. They work closely with other departments such as lending, underwriting, and collections to make informed decisions regarding credit approvals, limits, and terms. Strong analytical skills, attention to detail, and knowledge of financial markets and regulations are essential for success in this occupation.
Estimated Yearly Salary: 185,798 ZAR
Estimated Monthly Salary: 15,483 ZAR
Estimated Weekly Salary: 3,573 ZAR per week
Estimated Hourly Salary: 89 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 14,903 ZAR
Estimated Weekly Salary: 3,439 ZAR per week
Estimated Hourly Salary: 86 ZAR per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 9,240 USD
Estimated Monthly Salary: 770 USD
Estimated Weekly Salary: 178 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 185,798 ZAR
Estimated Monthly Salary: 15,483 ZAR
Estimated Weekly Salary: 3,573 ZAR per week
Estimated Hourly Salary: 89 ZAR per hour
By working as Credit Risk Analyst a person can save up to 499 USD per month or 5,986 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Credit Risk Analyst
Last revision of data: 2025-01-04
Data as of 2025
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Credit Risk Analyst salary in South Africa
Average Yearly Salary of Credit Risk Analyst in South Africa is approximately 185,798 ZAR (9,240 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Credit Risk Analyst do?
A credit risk analyst is responsible for evaluating and assessing the creditworthiness of individuals, businesses, or organizations. They analyze financial data, review credit histories, and assess potential risks involved in lending money or extending credit. Their primary role is to minimize credit losses by identifying and mitigating potential risks through thorough analysis and evaluation. Credit risk analysts also develop and implement credit risk management strategies and policies to ensure the overall health of the organization's credit portfolio. They work closely with other departments such as lending, underwriting, and collections to make informed decisions regarding credit approvals, limits, and terms. Strong analytical skills, attention to detail, and knowledge of financial markets and regulations are essential for success in this occupation.
Skills: Credit Risk Analyst, Risk Management, Financial Analysis, Credit Evaluation, Credit Portfolio Management, Risk Mitigation.
Job industry: Finance
Job industry: Finance
How much does Credit Risk Analyst make?
Salary details
How much does Credit Risk Analyst make?Estimated Yearly Salary: 185,798 ZAR
Estimated Monthly Salary: 15,483 ZAR
Estimated Weekly Salary: 3,573 ZAR per week
Estimated Hourly Salary: 89 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 178,840 ZAREstimated Monthly Salary: 14,903 ZAR
Estimated Weekly Salary: 3,439 ZAR per week
Estimated Hourly Salary: 86 ZAR per hour
Last revision of data: 2024-01-08Credit Risk Analyst estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 9,240 USD
Estimated Monthly Salary: 770 USD
Estimated Weekly Salary: 178 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Analyst job salary compared to average salary in South Africa.
Comparison shows that a person working as Credit Risk Analyst in South Africa earns on average:
1.46 times the average salary (or 146% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Credit Risk Analyst job salary compared to average salary in South Africa.
Comparison shows that a person working as Credit Risk Analyst in South Africa earns on average:
1.46 times the average salary (or 146% of average salary).
Is Credit Risk Analyst a well paid job?
Yes, our data shows that Credit Risk Analyst is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Credit Risk Analyst?
High salary for Credit Risk Analyst would be somewhere between 204,378 ZAR and 269,407 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Credit Risk Analyst in South Africa?
Living in South Africa the approximate monthly expenses are: 271 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 185,798 ZAR
Estimated Monthly Salary: 15,483 ZAR
Estimated Weekly Salary: 3,573 ZAR per week
Estimated Hourly Salary: 89 ZAR per hour
By working as Credit Risk Analyst a person can save up to 499 USD per month or 5,986 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Credit Risk Analyst
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in South Africa
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Data as of 2025Random salary:
Fiction writer (164,678 ZAR per year, pre-tax.)
Senior clinical data associate (204,402 ZAR per year, pre-tax.)
Window cleaner (73,627 ZAR per year, pre-tax.)
Youth librarian (95,217 ZAR per year, pre-tax.)
Forensic science technician (100,852 ZAR per year, pre-tax.)
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