Insurance Risk Manager

Placements24; Stellenbosch; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Executive compensation & bonus

Hybrid work model

Health and retirement benefits

Job summary

Placements24 is seeking an experienced Insurance Risk Manager for its Stellenbosch operations. The role leads risk management across the organization, aligning with regulatory requirements and safeguarding assets and reputation.

You will develop and implement enterprise-wide risk frameworks, guide senior leadership, and foster a risk-aware culture. The position offers hybrid work, executive-level compensation, and opportunities for industry recognition.

Qualifications

• Minimum of 7 years of risk management experience in insurance or financial services.
• Deep knowledge of COSO and ISO 31000 risk frameworks.
• Strong regulatory understanding of insurance sector.
• Excellent analytical and strategic thinking.
• Proven leadership and stakeholder management.
• Professional qualifications such as CRM or FRM preferred.

Responsibilities

• Develop and maintain an enterprise-wide risk management framework.
• Identify, assess, and prioritize financial, operational, strategic, and compliance risks.
• Design and implement risk controls and mitigation strategies.
• Monitor policy effectiveness and report to senior management and board.
• Ensure regulatory compliance and staff training on risk practices.

Skills

Risk management

Regulatory compliance

Strategic thinking

Leadership

Stakeholder management

Analytical skills

Education

CRM certification

FRM certification

Tools

COSO framework

ISO 31000

Job description

About the Role

Our client is seeking a strategic and experienced Insurance Risk Manager to lead risk management initiatives for their operations in Stellenbosch . This senior role involves identifying, assessing, and mitigating potential risks across the organization, ensuring compliance with regulatory frameworks and protecting the company's assets and reputation. You will develop and implement comprehensive risk management strategies, foster a risk-aware culture, and advise senior leadership on risk-related matters. This is a critical position for an individual who possesses a deep understanding of risk management principles within the financial services sector.

Key Responsibilities

• Develop, implement, and maintain the enterprise-wide risk management framework.
• Identify, assess, and prioritize potential risks, including financial, operational, strategic, and compliance risks.
• Design and implement risk mitigation strategies and controls.
• Monitor the effectiveness of risk management policies and procedures.
• Prepare regular risk reports for senior management and the board of directors.
• Ensure compliance with all relevant industry regulations and statutory requirements.
• Provide training and guidance to staff on risk management best practices.

Requirements

• Minimum of 7 years of experience in risk management, preferably within the insurance or financial services industry.
• In-depth knowledge of risk management methodologies, tools, and frameworks (e.g., COSO, ISO 31000).
• Strong understanding of regulatory requirements and compliance obligations in the insurance sector.
• Excellent analytical, problem-solving, and strategic thinking skills.
• Exceptional leadership, communication, and stakeholder management abilities.
• Relevant professional qualifications (e.g., CRM, FRM) are highly desirable.

Benefits

• Executive-level competitive salary and bonus structure.
• Hybrid work model offering a balance of office and remote flexibility.
• Comprehensive health, retirement, and executive benefits package.
• Significant influence on the company's risk strategy and corporate governance.
• Opportunities for professional growth and industry recognition.