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.

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Are you passionate about financial analysis and eager to make a meaningful impact in a general environment? Join our Credit & Surety team, where your analytical expertise will directly influence underwriting decisions and support clients across global 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

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 concentratio

📌 Credit Risk Analyst (Madrid)
🏢 Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
📍 Madrid