Risk Analyst - Insurance Operations

Placements24; Vereeniging; Hybrid; ZAR 550,000 - 850,000; Full time

Benefits offered by this job

Fully remote

Medical aid

Retirement fund

Professional development

Generous leave

Job summary

Placements24 is seeking a meticulous Risk Analyst to join the operations team in Vereeniging, Gauteng. The role supports a fully remote work arrangement, enabling you to contribute to risk management from home while supporting Vereeniging-based operations.

You will develop risk frameworks, conduct control testing, and provide senior management with insightful reports. The ideal candidate has strong analytical abilities and a solid understanding of insurance industry risk management.

Qualifications

• 4+ years of experience in risk analysis, operational risk, or internal audit, preferably in insurance.
• Strong understanding of risk management methodologies and COSO framework.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis and MS Office Suite.

Responsibilities

• Identify, assess, and document operational risks and control deficiencies.
• Develop and maintain risk management frameworks, policies, and procedures.
• Conduct risk assessments and control self-assessments.
• Monitor KRIs and KPIs related to risk.
• Investigate incidents to identify root causes and corrective actions.
• Prepare detailed risk reports for management with findings and recommendations.
• Collaborate with business units to promote risk awareness and best practices.
• Assist in development and delivery of risk management training.
• Stay updated on regulatory changes and industry best practices.

Skills

Analytical thinking

Risk management

Communication

Data interpretation

Education

Bachelor's degree in Finance / Risk Management

Tools

MS Excel

PowerPoint

GRC tools

Job description

About the Role

Our client, a leading insurance provider, is looking for a meticulous Risk Analyst to join their growing operations team in Vereeniging, Gauteng. This role offers remote work flexibility, allowing you to contribute to vital risk management functions from the comfort of your own home while supporting the wider Vereeniging-based operations. The Risk Analyst will be instrumental in identifying, assessing, and mitigating operational risks across various business units. You will be responsible for developing and implementing risk management frameworks, conducting control testing, and providing insightful reports to senior management. The ideal candidate possesses strong analytical skills, a thorough understanding of risk management principles within the insurance industry, and the ability to translate complex data into actionable insights. This is an excellent opportunity to make a significant impact on the stability and success of the organization. We seek a proactive individual who can work autonomously and contribute to a culture of robust risk awareness.

Key Responsibilities

• Identify, assess, and document operational risks and control deficiencies.
• Develop and maintain risk management frameworks, policies, and procedures.
• Conduct regular risk assessments and control self-assessments.
• Monitor key risk indicators (KRIs) and Key Performance Indicators (KPIs) related to risk.
• Investigate incidents and near misses to identify root causes and implement corrective actions.
• Prepare detailed risk reports for management, highlighting key findings and recommendations.
• Collaborate with business units to promote risk awareness and best practices.
• Assist in the development and delivery of risk management training.
• Stay updated on regulatory changes and industry best practices in risk management.
• Support internal and external audit processes related to operational risk.

Requirements

• A relevant tertiary qualification in Finance, Business, Risk Management, or a related field.
• A minimum of 4 years of experience in risk analysis, operational risk, or internal audit, preferably within the insurance sector.
• Strong understanding of risk management methodologies and frameworks (e.g., COSO).
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools and MS Office Suite (Excel, PowerPoint).
• Strong report writing and presentation skills.
• Ability to work independently and manage time effectively in a remote setting.
• Good communication and interpersonal skills for collaborating with various stakeholders.
• Knowledge of insurance products and operations is a significant advantage.
• Experience with GRC tools is a plus.

Benefits

• Competitive annual salary ranging from R .
• Fully remote working arrangement offering significant flexibility.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and certifications (e.g., CRISC, CRM).
• Access to advanced risk management software and resources.
• Collaborative and supportive remote team environment.
• Generous annual leave allowance.
• Exposure to diverse operational areas within the insurance business.