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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.
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
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 integral 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
About Swiss Re Corporate Solutions Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk

📌 Credit Risk Analyst (Hybrid) (Madrid)
🏢 Crossell
📍 Madrid