Credit Risk Analyst (Hybrid)

Location: Madrid, M, ES

Are you looking for a challenge and an opportunity to further advance your skills and career in a great working environment? Do you like to work in a global team and does the world of finance, insurance and trade fascinate you? Are you attracted by contributing to the data-driven transformation of Swiss Re? We are looking for talented professionals to join our Credit Product Centre team and this could be your opportunity.

About the Role 

We are looking for a high-performing Credit Risk Analyst to join the Credit Product Centre (CPC) in Madrid. This role offers a unique opportunity to collaborate directly with underwriting teams, providing analytical and operational support that contributes to informed underwriting decisions.

You will combine fundamental credit analysis with commercial insight to support underwriting decisions particularly in our Credit & Surety Reinsurance segment covering sectors such as Construction, Telecommunications, Automotives, Real Estate etc. and drive efficiency through AI, data and technology.

Key Responsibilities:

Credit Assessment & Appetite 

•  Perform credit analysis and internal rating assessments of corporate obligors across industries and geographies
•  Recommend credit limits in line with internal risk appetite, policies, and governance standards
•  Identify key risk drivers, mitigants, and early warning signals

Portfolio Monitoring & Risk Management

•  Monitor existing exposures and assess the impact of market, sector, and company-specific developments 
•  Contribute to portfolio-level insights, including sector trends and concentration risks

Stakeholder Collaboration

•  Partner closely with underwriting and risk management teams globally 
•  Communicate credit views effectively to support timely and informed decision-making 
•  Build strong working relationships across regions and functions 

Operational Excellence & Transformation

•  Drive efficiency in credit processes, improving turnaround times and consistency of outputs 
•  Contribute to data-driven and AI-enabled transformation initiatives within Credit & Surety Reinsurance segment
•  Support development and enhancement of tools, methodologies, and credit frameworks 

About the Team 

The Credit Product Centre (CPC) is a global team supporting the Credit & Surety business across regions. The team plays a critical role in:

• Delivering high-quality credit risk assessments for underwriting decisions

• Driving strategic initiatives in risk analytics and portfolio insights

• Ensuring consistency, governance, and best practices across the credit process

• Supporting pricing, monitoring, and portfolio steering

The team operates globally with presence in multiple key locations and works closely with senior stakeholders across underwriting, risk, and functional areas.

About You

You're an analytical thinker with strong financial acumen and a passion for understanding global markets. You thrive in collaborative environments while maintaining independent judgment and can effectively communicate complex financial concepts to diverse stakeholders. Your curiosity drives you to continuously develop your skills and knowledge in this evolving field.

We are looking for candidates who meet these requirements:

• 4-8 years of experience in credit analysis and credit-related work

• Strong academic background with a relevant business degree and/or post-graduate qualification (MBA/CFA or similar)

• Proficient in financial spreading, financial projections, and handling credit application documents

• Good knowledge of global macroeconomics, financial markets, and credit-related products

• Strong quantitative and analytical skills with good command of English and Spanish (proficiency in German/French would be a plus)

• Working knowledge of database management tools and strong Excel skills

• Convincing interpersonal skills and ability to maintain effective working relations in a multi-disciplinary and multi-cultural environment

• Self-starter organized and able to handle multiple priorities and meet deadlines.

• Ability to manage diverse projects and tasks simultaneously.

• Digital transformation project experience – would be a plus

For Spain, the base salary range for this position is between 42,000 EUR and 70,000 EUR for a full-time role.

The specific salary offered considers:
• the requirements, scope, complexity and responsibilities of the role
• the applicant's own profile including education/qualifications, expertise, specialization, skills and experience

In situations where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance-based annual bonus.

As this role requires regular communication in English, please make sure to submit your application and CV in English language.

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week