Financial Risk Analyst

Placements24; Bloemfontein; On-site; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Medical benefits

Retirement benefits

Professional development opportunities

Structured and supportive work culture

Job summary

Placements24 is seeking a diligent Financial Risk Analyst for on-site work in Bloemfontein, Free State. The role focuses on identifying, assessing, and mitigating financial risks across markets, credit, liquidity, and operations within a leading financial services group.

The ideal candidate has a quantitative background, experience in risk management, and familiarity with Solvency II or similar frameworks. Collaboration with multiple departments and adherence to regulatory standards are

Qualifications

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• 2-4 years of experience in financial risk analysis, preferably within the insurance or financial services sector.
• Strong understanding of financial markets, instruments, and risk management principles.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, R, Python).
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills.
• Based in or willing to relocate to Bloemfontein, Free State.

Responsibilities

• Identify, measure, and monitor financial risks, including market, credit, liquidity, and operational risks.
• Develop and implement risk management policies and procedures.
• Conduct stress testing and scenario analysis to assess the impact of adverse events.
• Prepare regular risk reports for senior management and regulatory bodies.
• Collaborate with various departments to understand and manage their risk exposures.
• Maintain and enhance risk models and analytical tools.
• Ensure compliance with relevant financial regulations and reporting requirements.
• Contribute to the development of the company's risk appetite framework.
• Stay informed about industry best practices and emerging risk trends.

Skills

Analytical skills

Quantitative skills

Problem solving

Communication skills

Teamwork

Education

Bachelor's degree in Finance, Economics, Mathematics, Statistics

Tools

Excel

SQL

R

Python

Job description

About the Role

Our client, a leading financial services group, is seeking a diligent and analytical Financial Risk Analyst to join their team in Bloemfontein, Free State . This role is integral to safeguarding the company's financial stability by identifying, assessing, and mitigating various financial risks. The Financial Risk Analyst will be responsible for monitoring market risk, credit risk, liquidity risk, and operational risk across the organization's diverse portfolio. This is an on-site position, requiring the individual to be present in the Bloemfontein office to facilitate close collaboration with key stakeholders and access necessary resources. The ideal candidate will possess a strong quantitative background and a thorough understanding of financial markets and risk management frameworks within the insurance industry. We are looking for a detail-oriented professional committed to ensuring robust risk management practices.

Key Responsibilities

• Identify, measure, and monitor financial risks, including market, credit, liquidity, and operational risks.
• Develop and implement risk management policies and procedures.
• Conduct stress testing and scenario analysis to assess the impact of adverse events.
• Prepare regular risk reports for senior management and regulatory bodies.
• Collaborate with various departments to understand and manage their risk exposures.
• Maintain and enhance risk models and analytical tools.
• Ensure compliance with relevant financial regulations and reporting requirements.
• Contribute to the development of the company's risk appetite framework.
• Stay informed about industry best practices and emerging risk trends.

Requirements

• A Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• 2-4 years of experience in financial risk analysis, preferably within the insurance or financial services sector.
• Strong understanding of financial markets, instruments, and risk management principles.
• Proficiency in data analysis tools and software (e.g., Excel, SQL, R, Python).
• Excellent analytical, problem-solving, and quantitative skills.
• Strong written and verbal communication skills.
• Ability to work independently and as part of a team.
• Familiarity with regulatory requirements such as Solvency II or similar frameworks is a plus.
• Based in or willing to relocate to Bloemfontein, Free State .

Benefits

• Competitive annual salary.
• Opportunity to work in a stable and growing financial institution.
• Comprehensive medical and retirement benefits.
• Professional development opportunities and support for further certifications.
• A structured and supportive work environment.
• Contribution to risk management strategies of a significant player in the financial sector.