Remote Senior Risk Analyst - Financial Services

Placements24; Bloemfontein; Hybrid; ZAR 950,000 - 1,500,000; Full time

Benefits offered by this job

Competitive salary

Performance-based bonus

Health, dental, and vision insurance

Retirement savings plan with employer

Professional development opportunities

Full remote work arrangement

Access to risk management tools

Direct engagement with senior leaders

Job summary

Placements24 is seeking a Senior Risk Analyst to join a fully remote risk management team. The role focuses on identifying, assessing, and mitigating financial and operational risks across the organization, while developing frameworks and delivering strategic guidance to leadership.

The candidate will lead risk assessments, KRIs/KPIs, and collaborate with business units to foster a risk-aware culture, with mentoring for junior analysts and ongoing professional development.

Qualifications

• 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 related field within the financial services industry.
• Proven expertise in risk assessment methodologies, including credit risk, market risk, operational risk, and compliance risk.
• Strong analytical, quantitative, and problem‑solving skills.
• Proficiency in risk management software and data analysis tools (e.g., R, Python, SQL, Excel).
• Excellent report writing and presentation skills.
• Ability to work independently, manage multiple priorities, and meet deadlines in a remote setting.
• Strong understanding of financial regulations and compliance requirements.
• Excellent communication and interpersonal skills, with the ability to liaise effectively with stakeholders at all levels.
• Professional certifications such as FRM, PRM, or CFA are advantageous.

Responsibilities

• Identify, assess, and monitor key financial, operational, and compliance risks across the organization.
• Develop, implement, and maintain robust risk management frameworks, policies, and procedures.
• Conduct detailed risk assessments, including scenario analysis and stress testing.
• Analyze risk data and generate comprehensive reports for senior management and relevant committees.
• Develop and track key risk indicators (KRIs) and key performance indicators (KPIs).
• Collaborate with business units to promote a strong risk-aware culture.
• Provide recommendations for risk mitigation strategies and ensure their effective implementation.
• Stay current with regulatory changes and industry best practices in risk management.
• Assist in internal and external audits related to risk management.
• Mentor junior analysts and contribute to the team's overall knowledge development.

Skills

Risk assessment

Statistical modeling

Python

R

SQL

Excel

Report writing

Communication

Education

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

Tools

R

Python

SQL

Excel

Job description

About the Role

Our client, a leading financial services institution, is seeking a highly analytical and experienced Senior Risk Analyst to join their fully remote risk management team. This position will play a critical role in identifying, assessing, and mitigating a wide range of financial and operational risks across the organization. You will be responsible for developing and implementing risk management frameworks, conducting in-depth risk assessments, and providing strategic recommendations to senior leadership. The successful candidate will possess a strong quantitative background, a deep understanding of risk management principles, and the ability to thrive in a remote work environment. This is an excellent opportunity to make a significant impact on the firm's risk posture and contribute to its continued success from the comfort of your own home, though the operational hub is considered Bloemfontein, Free State.

Key Responsibilities

• Identify, assess, and monitor key financial, operational, and compliance risks across the organization.
• Develop, implement, and maintain robust risk management frameworks, policies, and procedures.
• Conduct detailed risk assessments, including scenario analysis and stress testing.
• Analyze risk data and generate comprehensive reports for senior management and relevant committees.
• Develop and track key risk indicators (KRIs) and key performance indicators (KPIs).
• Collaborate with business units to promote a strong risk-aware culture.
• Provide recommendations for risk mitigation strategies and ensure their effective implementation.
• Stay current with regulatory changes and industry best practices in risk management.
• Assist in internal and external audits related to risk management.
• Mentor junior analysts and contribute to the team's overall knowledge development.

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 related field within the financial services industry.
• Proven expertise in risk assessment methodologies, including credit risk, market risk, operational risk, and compliance risk.
• Strong analytical, quantitative, and problem‑solving skills.
• Proficiency in risk management software and data analysis tools (e.g., R, Python, SQL, Excel).
• Excellent report writing and presentation skills.
• Ability to work independently, manage multiple priorities, and meet deadlines in a remote setting.
• Strong understanding of financial regulations and compliance requirements.
• Excellent communication and interpersonal skills, with the ability to liaise effectively with stakeholders at all levels.
• Professional certifications such as FRM, PRM, or CFA are advantageous.

Benefits

• A highly competitive salary commensurate with experience.
• Significant performance-based bonus structure.
• Comprehensive health, dental, and vision insurance coverage.
• Attractive retirement savings plan with employer matching.
• Opportunities for continuous professional development and advanced certifications.
• Full remote work arrangement, offering unparalleled flexibility and work-life balance.
• Access to state-of-the‑art risk management tools and technologies.
• Direct engagement with senior leadership on strategic risk initiatives.