Risk Analyst

Boardroom Appointments; Durban; On-site; ZAR 500 000 - 700 000; Full time

Job summary

A leading recruitment agency seeks a Risk Manager in Durban to oversee and implement risk management strategies. The ideal candidate will have over 5 years of risk management experience, including management responsibilities, and must possess a relevant certification or degree. Responsibilities include developing risk frameworks and policies, monitoring risk metrics, and ensuring compliance with legislation in the life insurance industry. This role is pivotal for fostering a risk-aware culture within the organization.

Qualifications

• 5+ years of risk management experience.
• At least 1 year in a management role.
• 3+ years in the financial services sector.
• Must meet FAIS Fit & Proper Requirements.

Responsibilities

• Implement enterprise risk function strategy.
• Manage enterprise-wide risks.
• Monitor risk mitigation activities.
• Ensure compliance with policies and procedures.
• Provide risk reporting to executive team.

Skills

Risk management

Quantitative risk reporting

Risk mitigation

Legislation knowledge

Education

Risk management certification or tertiary degree

Job description

The Risk Manager is responsible for assisting with risk management strategies, the implementation and monitoring thereof and ensuring sound governance in the business.

Duties and responsibilities:

• Implement the strategy for the enterprise risk function, working in conjunction with the business to ensure achievement of the business objectives.
• Support in the implementation of a robust risk management framework and architecture for the organisation and manage the enterprise-wide risks.
• Assess and understand the combined risks of the business and their interrelationships
• Monitor the progress of risk mitigation activities
• Implement and monitor appropriate risk metrics.
• Monitor policies and procedures for appropriate risk measures.
• Monitor industry and regulatory updates, and the organisations policies and procedures.
• Ensure robust service provider due diligence is conducted from a risk perspective.
• Provide qualitative and quantitative risk reporting in all risk areas which meets the needs of the Executive team and Board.
• Embed a positive culture of confident and informed risk-taking.
• Act as change agent within the business for the communication and implementation of risk management requirements and standards.
• Maintain high levels of knowledge on legislation applicable to the life insurance industry.

Qualifications and experience:

• Appropriate risk management certification or tertiary level degree
• Minimum of 5 years risk management experience and at least one year in a management role.
• A minimum of 3 years of experience within the financial services sector.
• Must meet the FAIS Fit & Proper Requirements.