Risk Management Specialist

Placements24; Cape Town; On-site; ZAR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Health & wellness

Retirement plan

Certifications support

Career development

Cape Town location

Job summary

Placements24 in Cape Town seeks a Risk Management Specialist to bolster risk strategies across the organization. You will identify, assess, and manage financial and operational risks, developing robust frameworks to ensure regulatory compliance and risk appetite adherence.

The role requires a master's degree and 5+ years in risk, preferably in banking, with strong data analytics and reporting skills to communicate findings to senior leadership.

Qualifications

• Master's degree in Finance, Risk Management, Economics or related field.
• 5+ years of risk management experience, preferably in banking/financial services.
• Deep knowledge of risk assessment methodologies, Basel III, and compliance frameworks.
• Strong analytical and problem-solving skills with data interpretation.
• Excellent report writing and presentation skills for senior management.

Responsibilities

• Develop and implement risk management policies and procedures.
• Identify, assess, and quantify risks across business units.
• Design and execute risk mitigation strategies.
• Monitor and report on control effectiveness and regulatory compliance.
• Conduct risk assessments and audits to ensure policy adherence.
• Collaborate with legal, compliance, and operations to address risks.

Skills

Risk management

Banking

Data analysis

Regulatory knowledge

Reporting

Education

Master's degree

Job description

About the Role

Our client is seeking a dedicated Risk Management Specialist to bolster their risk mitigation strategies within their prominent Cape Town operations. This role is crucial for identifying, assessing, and managing financial and operational risks across the organization. You will play a key part in developing and implementing robust risk frameworks, ensuring the company operates within acceptable risk parameters and complies with all relevant regulations. This on-site position emphasizes close collaboration with various departments to foster a strong risk-aware culture.

Key Responsibilities

• Develop and implement comprehensive risk management policies and procedures.
• Identify, assess, and quantify potential risks across different business units and operations.
• Design and execute risk mitigation strategies and action plans.
• Monitor and report on the effectiveness of risk controls and compliance with regulatory standards.
• Conduct regular risk assessments and audits to ensure adherence to internal policies.
• Collaborate with legal, compliance, and operational teams to address emerging risks.

Requirements

• Master's degree in Finance, Risk Management, Economics, or a related quantitative field.
• Proven experience (5+ years) in risk management, preferably within the banking or financial services sector.
• In-depth knowledge of risk assessment methodologies, financial regulations (e.g., Basel III), and compliance frameworks.
• Strong analytical and problem-solving skills, with the ability to interpret complex data sets.
• Excellent report writing and presentation skills for communicating risk findings to senior management.

Benefits

• Generous annual salary and performance-related incentives.
• Full suite of health and wellness benefits, including medical aid and retirement fund.
• Professional development opportunities and support for relevant certifications.
• Exposure to diverse financial products and risk challenges.
• Dynamic and stable work environment in a prime Cape Town location.