Insurance Risk Manager

Placements24; Centurion; Hybrid; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Remote work flexibility

Performance-based bonuses

Medical and dental coverage

Retirement fund

Professional development support

Job summary

Placements24 invites a proactive Insurance Risk Manager to lead risk identification, assessment and mitigation across its Centurion operations in Gauteng. This senior role focuses on implementing robust risk management frameworks, regulatory compliance, and fostering a risk-aware culture across the organization.

The ideal candidate has a strong background in financial services risk, exceptional analytical abilities, and a track record of influencing senior stakeholders.

Qualifications

• Master's degree in Finance, Risk Management, or related field.
• Minimum 6 years in risk management in financial services or insurance.
• Deep knowledge of COSO and ISO 31000.
• Strong leadership and stakeholder influence skills.
• PRM/FRM/CRM certifications are advantageous.

Responsibilities

• Develop and maintain enterprise risk management strategies for insurance operations.
• Identify and prioritize key risks across financial, operational, strategic and compliance areas.
• Design and implement risk mitigations and controls.
• Monitor effectiveness of ERM frameworks and internal controls.
• Produce risk reports for senior management and board.
• Ensure compliance with insurance regulations and industry standards.
• Lead risk management training across the organization.
• Engage with external auditors, regulators and stakeholders.
• Oversee business continuity and disaster recovery planning.
• Embed risk considerations into decision making.

Skills

Risk management

Leadership

Stakeholder influence

Data analysis

Regulatory compliance

COSO

ISO 31000

Education

Master's degree in Finance, Risk Management, or related field

Tools

Risk modeling software

Data analysis tools

Job description

About the Role

Our client is seeking a proactive and strategic Insurance Risk Manager to lead the identification, assessment, and mitigation of risks across their diverse insurance operations. This senior role, based within the bustling financial district of Centurion, Gauteng , is critical to safeguarding the company's assets and reputation. You will be responsible for developing and implementing robust risk management frameworks, ensuring compliance with regulatory requirements, and fostering a risk-aware culture throughout the organization. The ideal candidate will have a strong background in financial services risk, exceptional analytical skills, and a proven ability to influence stakeholders at all levels. This is an exceptional opportunity to shape and drive risk management strategies in a leading insurance entity.

Key Responsibilities

• Develop, implement, and maintain comprehensive enterprise risk management (ERM) strategies for insurance operations.
• Identify, assess, and prioritize key risks, including financial, operational, strategic, and compliance risks.
• Design and implement risk mitigation strategies and control measures.
• Monitor the effectiveness of risk management frameworks and internal controls.
• Conduct regular risk assessments and provide reports to senior management and the board.
• Ensure compliance with relevant insurance regulations, industry standards, and legal requirements.
• Develop and deliver risk management training programs to employees across the organization.
• Manage relationships with external auditors, regulators, and other stakeholders.
• Oversee business continuity and disaster recovery planning.
• Promote a strong risk management culture and embed risk considerations into decision‑making processes.
• Analyze insurance market trends and their potential impact on the company's risk profile.

Requirements

• Master's degree in Finance, Risk Management, Business Administration, or a related quantitative field.
• Minimum of 6 years of experience in risk management, preferably within the financial services or insurance sector.
• In-depth knowledge of risk management principles, methodologies, and frameworks (e.g., COSO, ISO 31000).
• Strong understanding of insurance products, operations, and the regulatory environment in South Africa .
• Proven experience in developing and implementing ERM programs.
• Excellent analytical, quantitative, and problem‑solving skills.
• Strong leadership, communication, and interpersonal skills, with the ability to influence senior stakeholders.
• Professional certifications such as PRM, FRM, or CRM are highly advantageous.
• Experience with risk modeling and data analysis tools.
• Demonstrated ability to manage multiple projects and deadlines effectively.

Benefits

Our client offers an attractive compensation package that includes a highly competitive salary, performance-based bonuses, comprehensive medical and dental coverage, and an excellent retirement fund. We are dedicated to fostering a culture of continuous learning and provide extensive opportunities for professional development, including support for advanced certifications and further education. This role offers the flexibility of remote work, allowing you to contribute effectively from anywhere while collaborating with our team in Centurion, Gauteng . Embrace this chance to lead risk management initiatives and make a substantial impact in the insurance sector.