Remote Senior Financial Risk Manager

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

Benefits offered by this job

Remote work flexibility

Home office setup allowance

Career development & training

Job summary

Placements24 is seeking a Senior Financial Risk Manager for a fully remote role based in South Africa. You will identify, assess, and mitigate financial risks, build risk frameworks, and ensure regulatory compliance across the banking & finance sector.

The ideal candidate has a Master's degree, 6+ years in risk management, strong Excel/SQL skills, and FRM or PRM is a bonus. This remote position offers flexibility, competitive compensation, and opportunities for professional growth.

Qualifications

• Master's degree in a quantitative field (Finance, Economics, Mathematics)
• Minimum 6 years in financial risk management within banking & finance
• Strong knowledge of market, credit, operational, and liquidity risk
• Proficiency in Excel and SQL; familiarity with risk management software
• FRM or PRM certifications are advantageous

Responsibilities

• Develop, implement, and maintain financial risk management policies and procedures
• Assess market, credit, operational, and liquidity risks across units
• Design stress testing and scenario analysis to test resilience
• Monitor KRIs and develop early warning systems
• Ensure compliance with Basel Accords and local regulations
• Prepare risk reports for senior management and regulators
• Collaborate with business lines to embed risk practices
• Stay updated on regulatory changes and best practices
• Provide guidance to junior risk staff
• Oversee counterparty credit risk management

Skills

Risk management expertise

Analytical thinking

Strategic decision making

Remote work ability

Education

Master's degree in Finance/Economics/Mathematics

Tools

SQL

Excel

Risk management software

Job description

About the Role Our client, a globally recognized financial services provider, is seeking an experienced Senior Financial Risk Manager to join their expanding operations. This is a fully remote position, offering unparalleled flexibility to candidates across South Africa. The successful applicant will play a crucial role in identifying, assessing, and mitigating financial risks across the organization, ensuring compliance with regulatory requirements and internal policies. You will be responsible for developing and implementing robust risk management frameworks, stress testing scenarios, and capital adequacy assessments. This role requires a deep understanding of market risk, credit risk, operational risk, and liquidity risk within the banking & finance sector. As a remote-first organization, we provide the necessary tools and support for you to excel from anywhere, fostering a highly collaborative virtual environment. This is an exciting opportunity to contribute to the stability and growth of a leading financial institution without the need for physical relocation.

Key Responsibilities

• Develop, implement, and maintain comprehensive financial risk management policies and procedures.
• Conduct regular assessments of market, credit, operational, and liquidity risks across all business units.
• Design and execute stress testing and scenario analysis to evaluate the firm's resilience to adverse economic conditions.
• Monitor key risk indicators (KRIs) and develop early warning systems.
• Ensure compliance with relevant financial regulations (e.g., Basel Accords, local regulatory requirements).
• Prepare detailed risk reports for senior management, the board of directors, and regulatory bodies.
• Collaborate with business lines to embed risk management principles into strategic decision-making.
• Stay updated on evolving regulatory landscapes and industry best practices in risk management.
• Provide guidance and support to junior risk management staff.
• Oversee the management of counterparty credit risk exposures.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• A minimum of 6 years of progressive experience in financial risk management within the banking & finance industry.
• Demonstrated expertise in various risk domains, including market risk, credit risk, operational risk, and liquidity risk.
• Strong understanding of financial markets, instruments, and regulatory frameworks.
• Proficiency in risk management software and tools, as well as advanced Excel and SQL skills.
• Excellent analytical, problem-solving, and decision-making capabilities.
• Exceptional written and verbal communication skills, with the ability to articulate complex risk concepts clearly.
• Proven ability to work independently and manage multiple priorities effectively in a remote setting.
• Candidates must be legally eligible to work remotely within South Africa.
• Professional certifications such as FRM or PRM are highly advantageous.

Benefits

• Fully remote work arrangement with flexibility in working hours.
• Competitive salary package tailored to experience and qualifications.
• Comprehensive medical and dental insurance plans.
• Generous annual leave and holiday benefits.
• Opportunities for continuous professional development, including certifications and training.
• Contribution towards a retirement savings plan.
• Access to advanced risk management technology and resources.
• A supportive and collaborative virtual team environment.
• Potential for performance-based bonuses and career advancement.
• Home office setup allowance to ensure optimal productivity.