Insurance Risk Manager

Placements24; Bloemfontein; On-site; ZAR 1,000,000 - 1,500,000; Full time

Benefits offered by this job

Executive-level salary

Health, dental, and vision insurance

Retirement plan

Relocation assistance

Executive training

Job summary

Placements24 is seeking an experienced Insurance Risk Manager to lead risk initiatives from their Bloemfontein office. You will identify, assess and mitigate risks, ensuring regulatory compliance and safeguarding assets and reputation.

In this role you will develop robust risk frameworks, collaborate with senior leadership, and drive a risk-aware culture across the organization. Prior leadership, strong communication, and CRM/FRM/PRM certifications are highly valued.

Qualifications

• Master's degree in Finance, Risk Management, Business Administration, or a related field.
• Minimum of 7 years of experience in risk management, preferably within the insurance sector.
• In-depth knowledge of risk assessment methodologies, regulatory compliance, and financial modeling.
• Proven experience in developing and implementing risk management frameworks.
• Strong leadership, communication, and analytical skills.
• Professional certifications such as CRM, FRM, or PRM are highly desirable.

Responsibilities

• Develop and implement enterprise-wide risk management strategies and frameworks.
• Identify, assess, and quantify potential financial, operational, and strategic risks.
• Design and oversee internal controls to mitigate identified risks.
• Ensure compliance with all relevant industry regulations and legal requirements.
• Develop risk management policies, procedures, and training programs.
• Monitor key risk indicators and report on the organization's risk profile to senior leadership.

Skills

Risk management

Regulatory compliance

Leadership

Communication

Analytical skills

Financial modeling

Strategic thinking

Education

Master's degree in Finance / Risk Management / MBA

Job description

About the Role

Our client seeks a strategic and experienced Insurance Risk Manager to lead risk management initiatives from their Bloemfontein office. In this critical role, you will identify, assess, and mitigate potential risks across the organization, ensuring compliance with regulatory requirements and safeguarding the company's assets and reputation. You will develop and implement robust risk management frameworks and policies. This position offers a significant opportunity to shape risk strategy within a respected financial institution. You will work closely with senior management and various departments to foster a strong risk-aware culture throughout the organization.

Key Responsibilities

• Develop and implement comprehensive enterprise-wide risk management strategies and frameworks.
• Identify, assess, and quantify potential financial, operational, and strategic risks.
• Design and oversee internal controls to mitigate identified risks.
• Ensure compliance with all relevant industry regulations and legal requirements.
• Develop risk management policies, procedures, and training programs.
• Monitor key risk indicators and report on the organization's risk profile to senior leadership.

Requirements

• Master's degree in Finance, Risk Management, Business Administration, or a related field.
• Minimum of 7 years of experience in risk management, preferably within the insurance sector.
• In-depth knowledge of risk assessment methodologies, regulatory compliance, and financial modeling.
• Proven experience in developing and implementing risk management frameworks.
• Strong leadership, communication, and analytical skills.
• Professional certifications such as CRM, FRM, or PRM are highly desirable.

Benefits

• Executive-level salary commensurate with experience.
• Comprehensive health, dental, and vision insurance.
• Generous retirement plan and long-term incentive programs.
• Relocation assistance may be available for exceptional candidates.
• Opportunities for professional development and executive training.