Associate Risk Analyst - Sandton, Jhb - R25 - R40K Tctc R25 - R40K Tctc

Rainmaker Acquisiton Cc; Gauteng; On-site; ZAR 200,000 - 300,000; Full time

Job summary

An established industry player is seeking a dedicated Risk Management Assistant to support their Enterprise Risk and Innovation division. In this role, you will assist in maintaining the Risk Management Framework, conduct stress testing, and contribute to the annual ORSA process. Your analytical skills will be crucial in tracking key risk metrics and developing reports that enhance the risk management function. This position offers a unique opportunity to grow within a dynamic environment, where your contributions will help shape the company's approach to risk management. If you are passionate about risk and eager to make an impact, this role is perfect for you.

Qualifications

• Minimum honours level qualification in statistics, mathematics, data science, actuarial, risk management, finance or related field.
• Working knowledge of the insurance and/or financial services industry is preferable.

Responsibilities

• Assist with the execution of the Risk Management Framework and annual ORSA process.
• Track experience against key risk metrics and produce quarterly risk reports.
• Maintain the risk register and develop key risk indicators for effective monitoring.

Skills

Analytical Skills

Communication Skills

Attention to Detail

Time Management

Problem Solving

Adaptability

Education

Honours in Statistics

Honours in Mathematics

Honours in Data Science

Honours in Actuarial Science

Honours in Risk Management

Honours in Finance

Tools

Excel

SQL

Prophet

DCS

Python

Job description

Who you'll report to: You'll be based within our Enterprise Risk and Innovation division at our head office in Sandton, Johannesburg.

You'll report to the Head of Risk Management, who is accountable for our risk management functions.

What you'll be doing if you get the job:

1. Assisting the Head of Risk Management with maintenance and execution of the Risk Management Framework across the organisation, ensuring effectiveness of risk management processes.
2. Assist with performing the annual ORSA process and producing the ORSA document, including performing certain components of stress and scenario testing.
3. Assistance with combined assurance process, with focus on operational, fraud and compliance risk identification and quantification across all company processes.
4. Assisting with setting the risk appetite statement and performing annual risk appetite modelling work.
5. Tracking experience against key risk metrics, including solvency and liquidity, as well as assisting with producing quarterly risk reports and ORSA updates.
6. Development of key risk indicators to assist in the effective monitoring of risks.
7. Maintenance of the risk register and incident log, and reporting regularly on incident experience against risk appetite.
8. Improvement and development of risk management reports and tools for the identification, assessment and monitoring of risks, including emerging risks.

Qualifications and experience:

• Minimum honours level qualification in statistics, mathematics, data science, actuarial, risk management, finance or related field.
• Working knowledge of the insurance and/or financial services industry is preferable.

Your skills and character traits:

• Optimistic, enthusiastic, energetic outlook.
• Excellent interpersonal and communication skills (both written and verbal), able to effectively communicate complex information to various stakeholders.
• Keen to take initiative.
• Sense of urgency and ability to follow through.
• Methodical planning and organizing skills, with effective time management.
• High attention to detail.
• Ability to work under pressure.
• Adaptability.
• Maintaining confidentiality with sensitive information.
• Learning and research capabilities.
• Strong analytical and critical thinking skills.

Technical capabilities:

• Proficiency in Office suite, especially Excel.
• Bonus: SQL, Prophet, DCS, coding knowledge (e.g., Python).

Advantageous:

• Knowledge of enterprise risk management concepts and applications to insurance.
• Knowledge of risk analysis techniques.

Package & Remuneration:

R25 - R40K TCTC