Insurance Risk Manager

Placements24; Upington; On-site; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Competitive salary

Medical aid

Retirement fund contributions

Job summary

Placements24 in Upington, Northern Cape, is seeking an experienced Insurance Risk Manager to lead risk management across the group. This senior role focuses on identifying, assessing, and mitigating operational, financial, and strategic risks, and requires implementing robust frameworks.

You will collaborate with departments, ensure regulatory compliance, and drive risk awareness. A Master's degree and 7+ years in risk management are required, with COSO/ISO 31000 knowledge and professional

Qualifications

• Master's degree in finance, economics, risk management, or a related field.
• Minimum 7 years' experience in risk management, preferably in insurance or financial services.
• Strong knowledge of risk management principles (COSO, ISO 31000).
• Excellent leadership, communication, and analytical skills.
• Professional certifications such as CRISC, FRM, or CRM are advantageous.

Responsibilities

• Develop, implement, and maintain risk management frameworks and policies.
• Identify and assess operational, financial, strategic and compliance risks.
• Develop and implement risk mitigation strategies and action plans.
• Monitor risk exposures and report on key risk indicators to senior management.
• Conduct regular risk assessments and review internal controls.
• Ensure compliance with industry regulations and legal requirements.
• Develop and deliver risk management training programs.
• Manage insurance and reinsurance programs for adequate coverage.
• Investigate and report on significant risk events.
• Promote a strong risk-aware culture across the organization.

Skills

Leadership

Analytical skills

Communication skills

Interpersonal skills

Problem-solving

Report writing

Presentation skills

COSO/ISO 31000 knowledge

Education

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

Tools

Risk management software

Job description

About the Role

Our client, a leading insurance group, is seeking an experienced Insurance Risk Manager to oversee risk management strategies at their offices in Upington, Northern Cape . This senior role is responsible for identifying, assessing, and mitigating operational, financial, and strategic risks across the organization. You will develop and implement robust risk management frameworks, policies, and procedures to safeguard the company's assets and ensure compliance. The ideal candidate possesses a deep understanding of risk management principles, strong analytical capabilities, and proven leadership skills. This is an office-based position requiring a strategic mindset and effective collaboration across departments.

Key Responsibilities

• Develop, implement, and maintain comprehensive risk management frameworks, policies, and procedures.
• Identify and assess potential risks across all business functions, including operational, financial, strategic, and compliance risks.
• Develop and implement risk mitigation strategies and action plans.
• Monitor and analyze risk exposures, reporting on key risk indicators to senior management.
• Conduct regular risk assessments and reviews of internal controls.
• Ensure compliance with relevant industry regulations and legal requirements related to risk management.
• Develop and deliver risk management training programs to employees.
• Manage the insurance and reinsurance programs to ensure adequate coverage.
• Investigate and report on significant risk events or incidents.
• Promote a strong risk-aware culture throughout the organization.

Requirements

• A Master's degree in Finance, Economics, Risk Management, or a related field.
• A minimum of 7 years of experience in risk management, preferably within the insurance or financial services industry.
• In-depth knowledge of risk management principles, methodologies, and best practices (e.g., COSO, ISO 31000).
• Strong analytical, quantitative, and problem-solving skills.
• Excellent leadership, communication, and interpersonal skills.
• Proven ability to develop and implement effective risk management strategies.
• Experience with regulatory compliance within the insurance sector is highly desirable.
• Proficiency in risk management software and tools.
• Strong report writing and presentation skills.
• Professional certifications such as CRISC, FRM, or CRM are a significant advantage.

Benefits

Our client offers a highly competitive salary and a comprehensive benefits package, including excellent medical aid and retirement fund contributions. This role provides significant opportunities for professional growth and career advancement within a leading financial institution. You will work in a dynamic environment with a dedicated team, contributing to the strategic direction and stability of the company. Access to professional development resources and exposure to senior leadership are key aspects of this position.