Risk Management Specialist

Placements24; Mossel Bay; Hybrid; ZAR 700,000 - 950,000; Full time

Benefits offered by this job

Competitive annual salary

Performance-based bonuses

Medical aid and pension fund

Hybrid work model

Professional development opportunities

Job summary

Placements24 in Mossel Bay, Western Cape, is seeking a diligent Risk Management Specialist to enhance risk mitigation strategies across operations in a hybrid work setup.

You will identify, assess and manage risks, develop policies, monitor KRIs, and report to senior management; a COSO framework knowledge, and experience in financial services preferred.

Qualifications

• Bachelor's degree in Finance, Economics, Business Administration, or related field.
• 4+ years in risk management, preferably in insurance/financial services.
• Knowledge of COSO and compliance standards.
• Strong analytical and problem-solving skills.
• Experience delivering risk management training.
• Ability to work effectively in a hybrid environment.

Responsibilities

• Identify and assess risks across various business functions.
• Develop and implement comprehensive risk management policies and procedures.
• Conduct qualitative and quantitative risk assessments.
• Monitor and report on KRIs and their impact.
• Develop strategies to mitigate identified risks and implement controls.
• Ensure compliance with industry regulations and legal requirements.
• Collaborate with department heads to integrate risk management into daily operations.
• Prepare regular risk reports for senior management and the board.
• Investigate risk incidents to determine root causes and prevent recurrence.
• Stay abreast of emerging risks and best practices in risk management.

Skills

Risk management

Analytical thinking

Stakeholder influence

Project management

Education

Bachelor's in Finance

Tools

MS Office

Risk software

Job description

About the Role

Our client, a rapidly growing financial services company, is seeking a diligent and experienced Risk Management Specialist to enhance their risk mitigation strategies. This role, based in the scenic coastal town of Mossel Bay, Western Cape, ZA , focuses on identifying, assessing, and managing a wide range of operational and financial risks across the organization. You will play a key role in developing and implementing robust risk management frameworks and policies to safeguard company assets and ensure regulatory compliance. The position offers a hybrid work arrangement, allowing for a flexible balance between on-site collaboration and remote efficiency. We are looking for a proactive individual with a strong analytical mindset and a comprehensive understanding of risk management principles within the insurance or financial sector. This is an excellent opportunity to contribute significantly to the stability and success of a forward-thinking company.

Key Responsibilities

• Identify and assess potential risks across various business functions.
• Develop and implement comprehensive risk management policies and procedures.
• Conduct risk assessments, including qualitative and quantitative analyses.
• Monitor and report on key risk indicators (KRIs) and their impact.
• Develop strategies to mitigate identified risks and implement control measures.
• Ensure compliance with relevant industry regulations and legal requirements.
• Collaborate with department heads to integrate risk management into daily operations.
• Prepare regular risk reports for senior management and the board.
• Investigate and analyze risk incidents to determine root causes and prevent recurrence.
• Stay abreast of emerging risks and best practices in risk management.

Requirements

• A Bachelor's degree in Finance, Economics, Business Administration, or a related field.
• A minimum of 4 years of experience in risk management, preferably within the insurance or financial services industry.
• Strong knowledge of risk assessment methodologies, frameworks (e.g., COSO), and compliance standards.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in risk management software and MS Office Suite.
• Effective communication and interpersonal skills, with the ability to influence stakeholders.
• Experience in developing and delivering risk management training.
• Ability to manage projects and work effectively in a hybrid environment.
• Detail-oriented with strong organizational and reporting skills.
• Professional certifications such as CRM, FRM, or PRM are an advantage.

Benefits

• Competitive annual salary of R.
• Performance-based bonuses.
• Comprehensive medical aid and pension fund.
• Opportunities for professional development and advanced certifications.
• A flexible hybrid work model.
• Supportive team environment and professional growth opportunities.
• Exposure to diverse risk challenges within a growing organization.