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 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
Support development and enhancement of tools, methodologies, and credit frameworks

About the Team

The Credit Product Centre (CPC) is a general team supporting the Credit & Surety business across regions. The team pla

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