Operational Risk Analyst | Cape Town

The Recruitment Council; Cape Town; On-site; ZAR 300 000 - 450 000; Full time

Job summary

A leading financial institution is seeking a meticulous Operational Risk Analyst to join its Risk Management Department. The ideal candidate will possess strong analytical skills and be responsible for identifying and assessing operational risks, as well as providing strategic support. A minimum qualification in Actuarial Analyst, Business Administration, or Commerce is required. This role offers an exciting opportunity to contribute to a resilient operational environment.

Qualifications

• Minimum qualification in Actuarial Analyst, Business Administration, or Commerce.
• Relevant Risk Management Certification is an advantage.

Responsibilities

• Review and assess inherent risks and recommend mitigation measures.
• Record incidents and prepare reports on risk.
• Provide technical support in risk management.

Skills

Analytical skills

Communication

Problem-solving

Education

Actuarial Analyst, Business Administration, or Commerce

Job description

Are you a highly meticulous and analytical professional ready to launch your career in risk management within a leading financial institution? Do you have a passion for identifying potential threats and developing robust strategies to protect a dynamic insurance business?

Overview

Ourclient is seeking a proactive Operational Risk Analyst to join their Risk Management Department. This is a critical role focused on maintaining a resilient operational environment by identifying, assessing, and reporting on key operational risks.

Responsibilities

• Risk Identification & Assessment: Review and assess inherent risks within new and existing processes and systems. You will identify risk exposures and recommend appropriate mitigation measures.
• Incident Management: Record all incidents of risk reported from operational areas, prepare periodic and ad hoc incident reports, and analyze the causes to recommend appropriate control measures.
• Strategic Support: Provide technical support to the Underwriting, Claims, and Reinsurance departments in assessing and managing risks associated with the services they render.
• Reporting & Monitoring: Prepare periodic operational risk reports and monitor developments in the environment to identify potential risk exposures.
• Culture & Training: Help strengthen our risk culture by undertaking sensitization and training for staff on operational risk control.

Qualifications

• A minimum qualification in Actuarial Analyst, Business Administration, or Commerce.
• Possession of relevant Risk Management Certification is an advantage.

Knowledge Base

• Good knowledge of the insurance industry, principles of risk management, and the principles, theory, and practice of insurance.

Experience

• Prior experience in risk management, audit, or underwriting is desirable.

Key Skills & Attributes

• Analytical: Strong hands-on skills in risk assessment and management, along with excellent analytical and problem-solving skills.
• Communication: Good communication and listening skills, coupled with strong report writing skills.
• Personal Attributes: High level of integrity and professionalism , confidentiality , and a result-oriented commitment to quality and thoroughness.