Lead Insurance Risk Analyst

Placements24; Klerksdorp; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Fully remote work

Remote-first culture

Competitive compensation

Health and retirement benefits

Professional growth opportunities

Job summary

Placements24 in South Africa is seeking a Lead Insurance Risk Analyst to join a fully remote team. You will lead a team of risk analysts, shape risk appetite, and develop frameworks to identify, assess, and mitigate financial, operational, and strategic risks within the insurance business.

The role requires 7+ years in risk management, strong analytical and leadership skills, and familiarity with Solvency II and Basel III; North West context is noted, serving national and international clients

Qualifications

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 7 years of progressive experience in risk management within the insurance industry.
• Proven experience in leading and managing a team of analysts.
• In-depth knowledge of risk management principles, methodologies, and regulatory frameworks (e.g., Solvency II, Basel III).
• Expertise in quantitative risk modeling, statistical analysis, and data analytics tools (R, Python, SQL).
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication, presentation, and interpersonal skills.
• Professional certifications such as FRM, PRM, or CFA are highly desirable.
• Demonstrated ability to work independently and effectively in a fully remote setting.
• Familiarity with the insurance market in the North West province is an advantage.

Responsibilities

• Develop and implement risk management frameworks and strategies.
• Lead and mentor a team of risk analysts, overseeing their workload and professional development.
• Identify, assess, and quantify potential risks across the organization, including financial, operational, and strategic risks.
• Develop risk models and perform scenario analysis to evaluate potential impacts.
• Monitor KRIs and report risk exposure to senior management.
• Design and implement risk mitigation plans and controls.
• Ensure compliance with all relevant regulatory requirements and industry standards.
• Conduct internal audits and reviews of risk management processes.
• Stay abreast of emerging risks and industry best practices in risk management.
• Contribute to the development of a strong risk-aware culture throughout the organization.

Skills

Risk management

Team leadership

Data analytics

Regulatory knowledge

Communication

Education

Master's degree in Finance/ Economics/ Statistics/ Mathematics or related field

Tools

R

Python

SQL

Job description

About the Role

Our client, a respected institution in the insurance sector, is seeking a highly accomplished Lead Insurance Risk Analyst to join their fully remote team. This critical role involves identifying, assessing, and mitigating various risks faced by the company, ensuring financial stability and regulatory compliance. You will lead a team of analysts, providing strategic direction and expertise in risk management frameworks. This is a remote-first position, offering unparalleled flexibility and the opportunity to work from anywhere within South Africa. The Klerksdorp area's economic landscape provides context, but your work will serve a broader national and potentially international client base. We are committed to fostering a high-performance remote culture where collaboration thrives through digital channels. As a Lead Analyst, you will play a pivotal role in shaping the company's risk appetite and strategy, contributing significantly to its long-term success. This is an ideal opportunity for a seasoned professional looking to make a substantial impact in a supportive and technologically advanced remote environment. Your insights will be crucial in navigating the complexities of the modern insurance market, safeguarding the company's assets and reputation. We value expertise and offer a platform for continuous professional growth. The North West province represents a significant operational area, and your risk assessments will be vital to our strategic planning. Join our dedicated remote workforce and lead the way in effective risk management.

Key Responsibilities

• Develop and implement comprehensive risk management frameworks and strategies.
• Lead and mentor a team of risk analysts, overseeing their workload and professional development.
• Identify, assess, and quantify potential risks across the organization, including financial, operational, and strategic risks.
• Develop risk models and perform scenario analysis to evaluate potential impacts.
• Monitor key risk indicators (KRIs) and report on risk exposure to senior management.
• Design and implement risk mitigation plans and controls.
• Ensure compliance with all relevant regulatory requirements and industry standards.
• Conduct internal audits and reviews of risk management processes.
• Stay abreast of emerging risks and industry best practices in risk management.
• Contribute to the development of a strong risk-aware culture throughout the organization.

Requirements

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 7 years of progressive experience in risk management within the insurance industry.
• Proven experience in leading and managing a team of analysts.
• In-depth knowledge of risk management principles, methodologies, and regulatory frameworks (e.g., Solvency II, Basel III).
• Expertise in quantitative risk modeling, statistical analysis, and data analytics tools (e.g., R, Python, SQL).
• Excellent analytical, problem‑solving, and decision‑making abilities.
• Strong communication, presentation, and interpersonal skills.
• Professional certifications such as FRM, PRM, or CFA are highly desirable.
• Demonstrated ability to work independently and effectively in a fully remote setting.
• Familiarity with the insurance market in the North West province is an advantage.

Benefits

• Highly competitive annual salary and performance bonuses.
• Comprehensive health, dental, and retirement benefits.
• Generous paid time off and flexible working hours.
• Significant opportunities for professional growth, training, and certifications.
• Fully remote work arrangement with necessary technological support.
• Access to cutting-edge risk management software and tools.
• A collaborative and intellectually stimulating remote work environment.
• Life insurance and disability benefits.
• Employee assistance program for personal well‑being.