Senior Risk Manager - Insurance

Placements24; Riverton (UT); Hybrid; USD 54,000 - 91,000; Full time

Benefits offered by this job

Health insurance

Retirement planning

Professional development & certs

Conference attendance

Flexible hybrid work

Job summary

Ideal candidates have a Master’s degree and 7–10 years of experience in risk management within insurance or financial services, with strong leadership and communication skills. Certifications such as CRM, FRM, or PRM are desirable.

Qualifications

• Master's degree in Finance, Economics, Risk Management or related field.
• 7-10 years of progressive risk management experience, preferably in insurance/financial services.
• Proven expertise in frameworks such as COSO and ISO 31000.
• Strong understanding of SA insurance regulatory environment.

Responsibilities

• Develop and manage risk management strategies and policies.
• Identify, assess, and prioritize risks across the organization.
• Design and implement risk mitigation plans and controls.
• Monitor risk exposures and ensure regulatory compliance in South Africa.
• Conduct regular risk assessments and audits, reporting to senior management and board.
• Maintain risk registers and incident reporting systems.
• Oversee business continuity and disaster recovery planning.
• Embed a strong risk culture across departments.
• Stay updated on emerging risks and best practices.

Skills

Risk management

Regulatory compliance

Leadership

Stakeholder mgmt

Risk software

Education

Master's degree in Finance, Economics, or Risk Management

Job description

About the Role

Our client, a prominent player in the insurance sector, is seeking a highly experienced Senior Risk Manager to oversee risk management strategies and operations from their office in Upington, Northern Cape. This critical role involves identifying, assessing, and mitigating potential risks that could impact the company's financial stability and operational efficiency. The ideal candidate will possess a deep understanding of risk management frameworks, regulatory compliance, and the specific risks inherent in the insurance industry. This position offers a hybrid work arrangement, allowing for focused work at the Upington office combined with remote flexibility. Join a company dedicated to safeguarding its assets and ensuring sustainable growth within the Northern Cape, ZA.

Key Responsibilities

• Develop, implement, and manage comprehensive risk management strategies and policies.
• Identify, assess, and prioritize potential risks across the organization, including market, credit, operational, and compliance risks.
• Design and implement risk mitigation plans and controls.
• Monitor and analyze risk exposures, ensuring compliance with regulatory requirements in South Africa.
• Conduct regular risk assessments and audits, providing reports to senior management and the board.
• Develop and maintain risk registers and incident reporting systems.
• Oversee the company's business continuity and disaster recovery planning.
• Collaborate with various departments to embed a strong risk culture throughout the organization.
• Stay abreast of emerging risks and industry best practices in risk management.
• Provide expert guidance on risk-related matters to stakeholders across the company, including those in Upington.

Requirements

• A Master's degree in Finance, Economics, Risk Management, or a related field.
• A minimum of 7-10 years of progressive experience in risk management, preferably within the insurance or financial services industry.
• Proven expertise in developing and implementing robust risk management frameworks (e.g., COSO, ISO 31000).
• Strong understanding of insurance operations, products, and the regulatory environment in South Africa.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership, communication, and influencing abilities.
• Proficiency in risk management software and tools.
• Ability to work effectively in a hybrid work environment, balancing office-based and remote responsibilities.
• Professional certifications such as CRM, FRM, PRM, or equivalent are highly desirable.
• Commitment to maintaining a high level of integrity and ethical conduct.

Benefits

• A highly competitive annual salary of ZAR .
• Potential for significant annual bonuses based on performance.
• Comprehensive health insurance and retirement planning benefits.
• Opportunities for professional development, advanced certifications, and conference attendance.
• A flexible hybrid work arrangement that promotes work-life balance.
• A challenging and rewarding role within a leading South African insurance firm based in Upington.
• Contribute to the long-term stability and success of the company.
• Influence strategic decisions impacting the Northern Cape region and beyond.