Swiss Re is one of the world’s leading providers of reinsurance and insurance,
with over 160 years of experience in helping make the world more resilient.

Are you passionate about financial analysis and eager to make a meaningful
impact in a global environment? Join our Credit & Surety team, where your
analytical expertise will directly influence underwriting decisions and support
clients across general markets. As we continue to transform the credit insurance
business through AI, data-driven insights and innovative solutions, we are
looking for talented professionals to be part of this journey.

About the Role

We are looking for a high-performing Credit Risk Analyst to join the Credit
Product Centre (CPC) in Madrid. This role sits at the heart of underwriting
decision-making and offers a unique opportunity to work on complex credit
transactions across geographies and sectors.

You will combine fundamental credit analysis with commercial insight to support
underwriting decisions particularly in area of trade finance, contribute to
portfolio monitoring,



and drive efficiency through AI, data and technology.

Key Responsibilities:

Credit Assessment & Appetite

* Perform in-depth credit analysis and internal rating assessments of corporate
obligors across industries and geographies

* Evaluate financing structures and transaction risks, providing clear and
actionable recommendations to underwriters

* 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

* Identify deteriorating risks and recommend watchlist actions or risk
mitigation strategies

* Contribute to portfolio-level insights, including sector trends and
concentration risks

Stakeholder Collaboration

* Partner closely with underwriting, risk management and

📌 Credit Risk Analyst (Madrid)
🏢 Swiss Re
📍 Madrid