Remote Senior Risk Analyst - Financial Services

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

Benefits offered by this job

Private medical insurance

Pension fund

Generous annual leave

Remote work flexibility

Job summary

Placements24 invites applications for a Remote Senior Risk Analyst role with a premier South African financial services institution. The position requires deep quantitative skills to identify, assess, and mitigate financial and operational risks across insurance and investment products.

You will develop risk policies, perform stress tests, monitor KRIs/KPIs, and present findings to senior leadership. A Master’s in a quantitative field and 6+ years in risk management are essential for this remote

Qualifications

• Master's degree in a quantitative field.
• 6+ years of progressive risk management experience.
• Familiarity with Basel III, Solvency II or equivalent.
• FRM/PRM/CFA desirably.

Responsibilities

• Identify, assess and quantify financial, operational and market risks.
• Develop and implement risk policies, procedures and controls.
• Conduct stress testing and scenario analysis for adverse events.
• Monitor KRIs and KPIs to track risk exposure.
• Prepare risk reports and present to senior management and committees.
• Embed risk management principles across business units.
• Stay updated on regulatory changes and emerging risks.
• Contribute to risk modeling tool development and enhancements.
• Manage relationships with external auditors and regulators.
• Provide risk management training to staff.

Skills

Advanced risk management

Statistical analysis

Financial modeling

Python/R/SQL

Education

Master's degree in Finance/Economics/Statistics

Tools

Excel

SQL

R

Python

Job description

About the Role

Our client, a prominent financial services institution, is seeking a highly analytical and experienced Remote Senior Risk Analyst to join their dynamic risk management team. This is a fully remote position, offering the flexibility to work from anywhere within South Africa. You will be responsible for identifying, assessing, and mitigating various financial and operational risks associated with the company's insurance and investment products. The ideal candidate will possess a strong quantitative background, extensive knowledge of risk management frameworks, and a proven ability to develop and implement effective risk strategies. This role demands a proactive and strategic thinker who can navigate complex risk landscapes and provide actionable insights to senior leadership. We foster a collaborative and innovative remote work environment, providing you with the tools and autonomy to excel in this critical function. Your expertise will be instrumental in ensuring the financial stability and regulatory compliance of our operations.

Key Responsibilities

• Identify, assess, and quantify financial, operational, and market risks across the organization.
• Develop and implement risk management policies, procedures, and controls.
• Conduct stress testing and scenario analysis to evaluate the impact of adverse events.
• Monitor key risk indicators (KRIs) and key performance indicators (KPIs) to track risk exposure.
• Prepare comprehensive risk reports and present findings and recommendations to senior management and relevant committees.
• Collaborate with business units to embed risk management principles into daily operations.
• Stay current with regulatory changes, industry best practices, and emerging risks.
• Contribute to the development and enhancement of risk modeling tools and methodologies.
• Manage relationships with external auditors and regulators regarding risk-related matters.
• Provide training and guidance to staff on risk management principles and best practices.

Requirements

• Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• A minimum of 6 years of progressive experience in risk management, preferably within the financial services or insurance sector.
• Deep understanding of various risk types, including credit risk, market risk, operational risk, and compliance risk.
• Proficiency in statistical analysis, financial modeling, and risk assessment software (e.g., Excel, SQL, R, Python).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to articulate complex risk issues clearly.
• Proven ability to work independently and manage multiple projects effectively in a remote setting.
• Experience with regulatory frameworks such as Basel III, Solvency II, or equivalent.
• Professional certifications such as FRM, PRM, CFA, or similar are highly desirable.
• A proactive and detail-oriented approach to work.

Benefits

• This remote position offers a highly competitive salary, performance-based bonuses, and a comprehensive benefits package including private medical insurance, a pension fund, and generous annual leave.
• Enjoy the flexibility and autonomy of working from your chosen location.
• Our client is committed to your professional growth, offering continuous learning opportunities, support for certifications, and clear pathways for career advancement within a leading financial institution.
• You will join a high-performing team that values expertise, collaboration, and innovation.
• We provide a supportive environment that promotes work-life balance and recognizes outstanding contributions.