Risk Analyst - Financial Services

Placements24; Stellenbosch; Hybrid; ZAR 600,000 - 800,000; Full time

Benefits offered by this job

Hybrid work model

Health insurance

Career development opportunities

Performance-based bonus

Stellenbosch location advantages

Job summary

Placements24 in Stellenbosch is seeking a meticulous Risk Analyst to identify, assess and manage market, credit, and operational risks across a financial services firm.

You will develop risk models, monitor KRIs/KPIs, prepare comprehensive risk reports for senior management and regulators, and support compliance in a hybrid work setting.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics or related quantitative field.
• Minimum of 3 years of risk analysis experience in financial services.
• Experience with risk management principles and frameworks.

Responsibilities

• Identify and assess risks across business units and functions.
• Develop and maintain risk assessment models and methodologies.
• Monitor KRIs and KPIs related to risk and report to senior management.
• Prepare comprehensive risk reports for regulatory bodies.
• Assist in risk mitigation strategy development and implementation.
• Ensure regulatory compliance and embed risk culture across departments.

Skills

Analytical thinking

Problem solving

Communication skills

Education

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

Tools

Excel

SQL

Python

R

Job description

About the Role

Our client, a prominent financial services firm with operations in Stellenbosch, Western Cape , is seeking a meticulous and analytical Risk Analyst. This role is integral to identifying, assessing, and mitigating potential risks across the organization, including market risk, credit risk, operational risk, and compliance risk. You will be responsible for developing and implementing risk management frameworks, conducting risk assessments, and monitoring key risk indicators. The position offers a hybrid work model, allowing for a balance between in-office collaboration and remote work flexibility. This is an exceptional opportunity to contribute to the stability and strategic direction of a leading financial institution. You will work within a dedicated risk management team, providing critical insights that support robust decision-making and ensure regulatory adherence. The beautiful setting of Stellenbosch provides a stimulating environment for professional growth.

Key Responsibilities

• Identify and assess potential risks across various business units and functions.
• Develop and maintain risk assessment models and methodologies.
• Monitor key risk indicators (KRIs) and key performance indicators (KPIs) related to risk.
• Prepare comprehensive risk reports for senior management and regulatory bodies.
• Assist in the development and implementation of risk mitigation strategies.
• Conduct due diligence and assess the risk profiles of third-party vendors.
• Ensure compliance with relevant financial regulations and industry standards.
• Collaborate with different departments to embed a strong risk culture.
• Stay updated on emerging risks and regulatory changes impacting the financial services sector.
• Contribute to the continuous improvement of the company's risk management framework.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 3 years of experience in risk analysis or a similar role within the financial services industry.
• Strong understanding of risk management principles and frameworks.
• Proficiency in data analysis tools and statistical software (e.g., Excel, SQL, Python, R).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Experience with regulatory compliance in the financial sector is a plus.
• Ability to work effectively in a hybrid environment, collaborating remotely and in-office.
• Detail-oriented with a high degree of accuracy.
• Relevant professional certifications (e.g., FRM, PRM) are advantageous.

Benefits

• Competitive salary and performance-based bonus opportunities.
• Hybrid work model promoting flexibility and work-life balance.
• Comprehensive health and wellness benefits.
• Retirement savings plan with company contributions.
• Opportunities for professional development, certifications, and training.
• Collaborative and dynamic work environment in Stellenbosch, Western Cape .
• Access to cutting-edge risk management technology.
• Generous paid time off.
• Exposure to diverse financial products and services.