Credit Risk Manager – Brazil

About the role

Mastercard Brazil is seeking a Credit Risk Manager to provide independent second‑line oversight of credit risk across its Brazil portfolio. Reporting to the Vice President of Credit Risk, the role will ensure that credit activities align with regulatory requirements, internal policies and the company’s risk appetite.

Key responsibilities

• Perform second‑line oversight of credit risk activities executed by the first line, in line with Regulation 522 and Mastercard policies.
• Review credit proposals, portfolio metrics and risk reports to verify compliance with local and global credit risk standards.
• Challenge underwriting decisions, risk assessments and control effectiveness, and escalate material issues to senior management.
• Support the Brazil Credit Risk Assessment Framework, including methodology application, rating overrides, back‑testing and semi‑annual adequacy testing.
• Contribute to stress‑testing, expected‑loss analysis and performance monitoring activities.
• Monitor portfolio performance, concentrations and key risk indicators against approved thresholds and prepare risk commentary for the Brazil Risk Committee.
• Assist with regulator, internal audit and compliance engagements, preparing materials and responses for reviews and examinations.
• Collaborate with first‑line, Risk, Finance, Compliance and Regulatory teams to enhance credit risk governance.

Required profile

• Significant experience in credit risk oversight or risk management within a large financial institution.
• Strong understanding of credit risk frameworks, rating methodologies and regulatory expectations in Brazil.
• Proven ability to analyse complex credit data, identify emerging risk themes and communicate findings to senior stakeholders.
• Excellent analytical, written and verbal communication skills in English; Portuguese is a plus.

Required skills

• Credit risk assessment
• Risk rating methodology
• Stress testing
• Portfolio monitoring