Risk Management Officer

Placements24; Queenstown (MD); On-site; USD 54,000 - 78,000; Full time

Benefits offered by this job

Medical aid

Retirement annuity

Annual performance bonuses

Professional development

Job summary

Placements24 is seeking a Risk Management Officer for our Queenstown office in the Eastern Cape. The role focuses on identifying, assessing, and mitigating operational, credit, market, and regulatory risks within a growing financial services environment.

The ideal candidate has a Bachelor’s degree in Finance/Economics/Business Admin and at least 4 years in risk management, with strong knowledge of COSO, Basel, and SARB regulatory requirements. Excel proficiency is essential.

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• Minimum 4 years of experience in risk management, compliance, or related field in financial services.
• Strong understanding of risk management principles, frameworks (COSO, Basel), and methodologies.
• Experience in risk assessments, mitigation plans, and monitoring KRIs.
• Knowledge of regulatory requirements (e.g., SARB).
• Excellent analytical, problem-solving, and communication skills.
• Proficiency with Microsoft Excel.

Responsibilities

• Develop and implement comprehensive risk management policies and procedures.
• Identify, analyze, and evaluate potential risks across the organization.
• Design and implement risk mitigation strategies and action plans.
• Monitor key risk indicators (KRIs) and report on risk exposures to senior management.
• Conduct regular risk assessments and internal audits.
• Ensure compliance with financial regulations and best practices.
• Develop and deliver risk management training programs to employees.
• Investigate and report on incidents, accidents, and near misses, recommending preventative measures.
• Collaborate with departments to embed a strong risk-aware culture.

Skills

Analytical thinking

Problem solving

Communication skills

Attention to detail

Education

Bachelor's degree in Finance/Economics/Business Administration

Tools

Excel

Job description

About the Role

Our client, a distinguished financial services firm operating within the Banking & Finance sector, is seeking a diligent and experienced Risk Management Officer to join their team in Queenstown, Eastern Cape . This role is integral to identifying, assessing, and mitigating various risks, including operational, credit, market, and compliance risks, that the organization may face. The ideal candidate will possess a strong analytical mindset, a comprehensive understanding of risk frameworks, and the ability to develop and implement effective risk management strategies. You will play a crucial part in safeguarding the company's assets and reputation, ensuring adherence to regulatory requirements in the Queenstown region. This is a key position within a growing financial operation.

Key Responsibilities

• Develop and implement comprehensive risk management policies and procedures.
• Identify, analyze, and evaluate potential risks across the organization.
• Design and implement risk mitigation strategies and action plans.
• Monitor key risk indicators (KRIs) and report on risk exposures to senior management.
• Conduct regular risk assessments and internal audits.
• Ensure compliance with relevant financial regulations and industry best practices.
• Develop and deliver risk management training programs to employees.
• Investigate and report on incidents, accidents, and near misses, recommending preventative measures.
• Collaborate with various departments to embed a strong risk-aware culture.

Requirements

• A Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• A minimum of 4 years of experience in risk management, compliance, or a related field within the financial services industry.
• Strong understanding of risk management principles, frameworks (e.g., COSO, Basel), and methodologies.
• Experience in conducting risk assessments, developing mitigation plans, and monitoring KRIs.
• Knowledge of relevant regulatory requirements (e.g., SARB regulations).
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in Microsoft Office Suite, particularly Excel.
• Strong written and verbal communication skills, with the ability to articulate complex risk issues.
• Experience working within the financial sector in Queenstown, Eastern Cape is an advantage.

Benefits

• Our client offers a competitive salary package reflective of your skills and experience.
• The benefits include comprehensive medical aid, a retirement annuity, and annual performance bonuses.
• This role is based at our Queenstown office, providing a stable and supportive work environment.
• Opportunities for professional development and continuous learning are available, including support for relevant certifications.
• Join a dedicated team focused on maintaining the integrity and stability of our financial operations in the Eastern Cape.