Manager, Credit Risk

Our Purpose
Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we're helping build a sustainable economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential.
Title and Summary
Manager, Credit Risk
Manager, Credit Risk
Overview:
The Manager, Credit Risk Oversight (Brazil) supports the Vice President Credit Risk in providing independent Second Line of Defense oversight of credit risk across the Brazil portfolio. The role is responsible for day-to-day oversight activities, analysis, and challenge across credit risk frameworks, risk rating processes, portfolio monitoring, and first line credit risk controls. The role contributes to regulatory engagement, governance forums, and ongoing enhancement of Brazil credit risk standards.
Role:
Credit Risk Oversight & Challenge• Perform Second Line oversight of credit risk activities executed by the First Line of Defense and as established by MA in accordance with Regulation 522• Review credit proposals, portfolio metrics, and risk reports to ensure alignment with local and global credit risk policy and risk appetite• Provide effective challenge on underwriting decisions, risk assessments, and control effectiveness• Support escalation of material issues, breaches, or emerging risks to the Vice President, Credit Risk
Risk Rating Framework & Methodology Support• Support oversight of the Brazil Credit Risk Assessment Framework, including methodology application and controls• Review risk rating outcomes, overrides, and undertake back-testing to adhere to the credit risk standards• Conduct semi-annual adequacy test of the Credit Risk Framework, in line with MA Brazil Credit Policy and Central Bank expectations• Contribute to stress testing, expected loss analysis, and performance monitoring activities• Support documentation and maintenance of local rating standards and procedures
Portfolio Monitoring & Risk Appetite• Monitor portfolio performance, concentrations, and key risk indicators against approved thresholds• Identify and analyze emerging risk themes or adverse trends within the Brazil portfolio• Prepare portfolio risk commentary and materials for Brazil Risk Committee and other relevant governance forums
Regulatory & Governance Support• Support engagement with regulators, internal audit, and compliance reviews as required• Prepare materials and responses for regulatory reviews, examinations, and risk committee presentations• Ensure governance documentation is accurate, complete, and maintained in line with standards
Collaboration & Development• Work closely with first line, Risk, Finance, Compliance, and Regulatory colleagues to support effective risk management• Contribute to ongoing enhancements of credit risk frameworks, tools, and reporting• Support development of junior team members where applicable
Decision Making Authority• Authority to review and challenge first line credit risk decisions and ratings• Recommend approval or escalation of policy exceptions and risk appetite breaches• Input into governance decisions and risk committee materials
All About You:
• Strong technical knowledge of credit risk principles and frameworks• Working knowledge of Expected Loss concepts including PD, LGD, and EAD• Analytical capability to interpret portfolio data, stress tests, and risk metrics• Effective written and verbal communication skills• 5-8 years' experience in Credit Risk, Risk Management, or related discipline• Experience supporting risk governance, portfolio monitoring, or risk rating activities• Exposure to regulated financial services environments preferred
Leadership & Behavioral Expectations
Demonstrates sound risk judgement and professional skepticism• Constructively challenges the First Line while maintaining effective partnerships• Operates with accountability, attention to detail, and adherence to risk culture
Education & Qualifications• Bachelor's degree required • Relevant certifications (CFA, FRM, etc.)
Corporate Security Responsibility
All activities involving access to Mastercard assets, information, and networks comes with an inherent risk to the organization and, therefore, it is expected that every person working for, or on behalf of, Mastercard is responsible for information security and must:

• Abide by Mastercard's security policies and practices;
• Ensure the confidentiality and integrity of the information being accessed;
• Report any suspected information security violation or breach, and
• Complete all periodic mandatory security trainings in accordance with Mastercard's guidelines.