Financial Risk Manager

Placements24; Richards Bay; On-site; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Attractive salary package

Medical aid and retirement fund

Professional development opportunities

Challenging and rewarding role

Exposure to diverse financial ops

Job summary

Placements24 in Richards Bay seeks a seasoned Financial Risk Manager to join our client’s team. The role focuses on identifying, assessing and mitigating financial risks across the organization, developing risk frameworks, policies and reporting to senior management.

The successful candidate will hold a Master’s in a quantitative field, FRM/PRM desirable, 6+ years of risk management experience in banking or finance, with strong modeling and regulatory knowledge in South Africa, plus leadership

Qualifications

• Master's degree in Finance, Economics, Mathematics or related field.
• FRM or PRM certifications desirable.
• Minimum 6 years of financial risk management experience.
• Strong knowledge of risk modeling, quantitative analysis, and financial instruments.
• Proficiency with risk management software and data analysis tools.
• Good understanding of SA regulatory environment for financial institutions.
• Strong leadership, analytical, and communication skills.

Responsibilities

• Develop and execute financial risk management frameworks and strategies.
• Identify, measure, and monitor market, credit, liquidity, and operational risks.
• Implement risk controls to minimize potential losses.
• Prepare risk reports and present to senior management and the board.
• Ensure compliance with financial regulations and best practices.
• Collaborate with internal audit and business units to raise risk awareness.

Skills

Financial risk management

Quantitative analysis

Leadership

Communication

Regulatory knowledge

Education

Master's degree in Finance/Economics/Mathematics

Tools

Risk modeling software

Data analysis tools

Job description

About the Role

Our client is seeking a seasoned Financial Risk Manager to join their esteemed team in Richards Bay. This critical role involves identifying, assessing, and mitigating financial risks across the organization. You will be responsible for developing and implementing risk management strategies, policies, and procedures to safeguard the company's assets and ensure financial stability. This is an ideal opportunity for a proactive and experienced risk professional to play a vital part in a prominent financial institution in the KwaZulu-Natal region.

Key Responsibilities

• Develop and execute comprehensive financial risk management frameworks and strategies.
• Identify, measure, and monitor various financial risks, including market, credit, liquidity, and operational risks.
• Implement risk mitigation techniques and controls to minimize potential losses.
• Prepare detailed risk reports and present findings and recommendations to senior management and the board.
• Ensure compliance with relevant financial regulations and industry best practices.
• Collaborate with internal audit and business units to enhance risk awareness and management capabilities.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• Professional certifications like FRM or PRM are highly desirable.
• Minimum of 6 years of experience in financial risk management, preferably within the banking or financial services sector.
• Strong knowledge of risk modeling, quantitative analysis, and financial instruments.
• Proficiency in risk management software and data analysis tools.
• Excellent understanding of the South African regulatory environment for financial institutions.
• Strong leadership, analytical, and communication skills to effectively manage risk across the organization in Richards Bay.

Benefits

• Attractive salary package and performance incentives.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and industry conferences.
• A challenging and rewarding role within a reputable organization.
• Exposure to diverse financial operations and strategic decision-making processes.