Remote Senior Risk Analyst

Placements24; Rustenburg; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Fully remote work

Annual bonus

Medical aid and pension

Job summary

Placements24 invites a Remote Senior Risk Analyst to join a leading financial services group. You will identify, assess, and mitigate financial, operational, and strategic risks while developing robust risk management frameworks from a remote setting; based in South Africa, with flexibility to operate from Rustenburg or remotely.

The role requires a Master’s in a quantitative field and 6+ years in risk management, with strong modelling, data visualization, and regulatory knowledge (COSO, Basel

Qualifications

• Master's degree in Finance, Economics, Statistics, or Mathematics.
• At least 6 years of progressive experience in risk management within financial services or insurance.
• Proficiency in SAS, R, Python, Tableau.
• Strong understanding of COSO and Basel III regulatory frameworks.
• Excellent analytical and communication skills for remote collaboration.

Responsibilities

• Develop and implement comprehensive risk assessment frameworks and methodologies.
• Identify, analyze, and quantify potential risks across business units.
• Design stress testing and scenario analyses to assess impact of adverse events.
• Monitor KRIs and report risk profile to senior management and regulators.
• Collaborate with departments to integrate risk management into processes.
• Maintain and update risk registers and control documentation.

Skills

Quantitative risk modelling

Statistical analysis

Data visualization

COSO & Basel III knowledge

Remote collaboration

Education

Master's degree in Finance, Economics, Statistics, Mathematics

Tools

SAS

R

Python

Tableau

Job description

About the Role

Our client, a leading financial services group with a significant presence in the insurance sector, is seeking an experienced Remote Senior Risk Analyst to join their sophisticated risk management division. This is a fully remote opportunity, ideal for professionals seeking to leverage their expertise from anywhere in South Africa. The role focuses on identifying, assessing, and mitigating various risks across the organization, including financial, operational, and strategic risks. You will be instrumental in developing and implementing robust risk management frameworks and policies. The ideal candidate possesses strong analytical capabilities, a comprehensive understanding of risk modelling, and the ability to translate complex data into actionable insights. This position requires a proactive and detail-oriented individual who thrives in an independent, remote work environment and can effectively collaborate with cross-functional teams. Contribute to the long-term stability and success of our client by ensuring best-in-class risk management practices are upheld from Rustenburg or remotely.

Key Responsibilities

• Develop and implement comprehensive risk assessment frameworks and methodologies.
• Identify, analyze, and quantify potential risks across various business units and operations.
• Design and conduct stress testing and scenario analysis to evaluate the impact of adverse events.
• Monitor key risk indicators (KRIs) and report on the risk profile of the organization.
• Develop and recommend strategies for risk mitigation and control enhancement.
• Prepare detailed risk reports and presentations for senior management and regulatory bodies.
• Stay abreast of emerging risks, industry best practices, and regulatory requirements.
• Collaborate with different departments to integrate risk management into business processes.
• Facilitate risk workshops and training sessions for relevant stakeholders.
• Maintain and update the company's risk register and control documentation.

Requirements

• A Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A minimum of 6 years of progressive experience in risk management, financial analysis, or a similar role within the financial services or insurance industry.
• Proven expertise in quantitative risk modelling, statistical analysis, and data visualization.
• Strong understanding of risk management frameworks (e.g., COSO, Basel III) and regulatory compliance.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in risk management software and tools (e.g., SAS, R, Python, Tableau).
• Exceptional written and verbal communication skills, with the ability to present complex information clearly.
• Demonstrated ability to work independently and manage multiple projects effectively in a remote setting.
• Strong collaboration and stakeholder management skills.
• Relevant professional certifications such as FRM, PRM, or CFA are a significant advantage.

Benefits

• Highly competitive salary package, reflecting the seniority of the role.
• Fully remote work arrangement with flexibility.
• Generous annual bonus potential.
• Comprehensive medical aid and pension fund benefits.
• Opportunities for professional development, certifications, and conference attendance.
• A stimulating and challenging work environment with exposure to diverse risk issues.
• Access to advanced analytical tools and technologies.
• Significant contribution to the strategic direction of the company's risk management.