Remote Risk Analyst

Placements24; Mossel Bay; Hybrid; ZAR 600,000 - 1,200,000; Full time

Benefits offered by this job

Fully remote work

Competitive salary + bonuses

Medical and retirement benefits

Professional development & certs

Job summary

Placements24 seeks a highly analytical Remote Risk Analyst to identify, assess, and monitor risks for a leading SA insurer. You will develop risk frameworks, perform stress tests, and present insights to senior management from your home office anywhere in South Africa.

The role requires strong quantitative skills, proficiency in R/Python/SAS, data visualization, and experience with Basel III and Solvency II.

Qualifications

• Minimum 5 years in risk/financial analysis within insurance or financial services.
• Strong knowledge of Basel III and Solvency II frameworks.
• Proficiency in R, Python, SAS and data visualization tools.
• Experience in data modeling and risk assessment techniques.
• Excellent written and verbal communication, able to present complex data clearly.

Responsibilities

• Identify, assess, and quantify risks across business areas (financial, operational, strategic).
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct risk assessments and stress testing to evaluate exposure and resilience.
• Monitor KRIs and build early warning systems for risk events.
• Analyze data to identify trends and areas of concern; report findings to senior management.
• Collaborate with department heads to embed risk management across operations.

Skills

Risk analysis

Financial analysis

Statistical tools

Data visualization

Data modeling

Quantitative skills

Communication skills

Education

Finance/Economics/Math/Statistics degree

Tools

R

Python

SAS

Power BI/Tableau

Job description

About the Role

Our client, a distinguished name in the financial services and insurance sector , is seeking to hire a highly analytical and forward-thinking Remote Risk Analyst. This is a fully remote position, allowing you to contribute to our client's success from the comfort of your home office anywhere in South Africa . The primary responsibility of this role is to identify, assess, and monitor various risks that could impact the company's operations and financial stability. You will be instrumental in developing and implementing strategies to mitigate these risks, ensuring the organization's long-term resilience and profitability. This role requires a robust understanding of risk management frameworks, statistical analysis, and a keen eye for detail. You will collaborate with cross-functional teams to gather data, perform complex analyses, and present findings to senior management. This is an exceptional opportunity for a seasoned risk professional to apply their expertise in a flexible, remote setting while driving impactful risk management initiatives for a leading insurance provider.

Key Responsibilities

• Identify, assess, and quantify potential risks across various business areas, including financial, operational, and strategic risks.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct regular risk assessments and stress testing to evaluate the company's exposure and resilience.
• Monitor key risk indicators (KRIs) and develop early warning systems.
• Analyze data to identify trends, patterns, and potential areas of concern.
• Prepare comprehensive risk reports and present findings and recommendations to senior management and relevant committees.
• Collaborate with departmental heads to integrate risk management practices into their operations.
• Stay abreast of evolving regulatory requirements and industry best practices in risk management.
• Contribute to the development of business continuity and disaster recovery plans.
• Evaluate the effectiveness of existing risk mitigation strategies and recommend enhancements.

Requirements

• A minimum of 5 years of experience in risk analysis, financial analysis, or a related field, preferably within the insurance or financial services industry.
• In-depth knowledge of risk management principles, methodologies, and tools (e.g., Basel III, Solvency II).
• Strong quantitative and analytical skills, with proficiency in statistical software (e.g., R, Python, SAS) and data visualization tools.
• Experience in data modeling and risk assessment techniques.
• Excellent written and verbal communication skills, with the ability to present complex information effectively.
• A relevant degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Ability to work independently, manage multiple projects, and meet deadlines in a remote setting.
• Strong understanding of the South African financial and regulatory landscape.
• Professional certifications such as FRM, PRM, or CFA are highly desirable.
• Proven ability to collaborate with diverse teams and influence decision-making.

Benefits

• Fully remote working opportunity, offering unparalleled flexibility.
• Highly competitive salary package and potential for performance bonuses.
• Comprehensive medical and retirement benefits.
• Opportunities for continuous learning, professional development, and advanced certifications.
• Access to leading risk management software and data analytics platforms.
• Generous annual leave and other paid time off.
• A supportive and dynamic virtual work environment.
• Significant opportunities for career advancement within a leading organization.