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 surety 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 the area of surety insurance, 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 actuarial teams globally

Communicate credit views effectively to support timely and informed decision-making

Build strong working relationships across regions and

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