Risk Management Specialist

Placements24; Richards Bay; Hybrid; ZAR 600,000 - 950,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

Retirement plan with employer matching

Professional development opportunities

Dynamic work environment

Job summary

Placements24 is seeking a proactive Risk Management Specialist in Richards Bay. You will identify and assess risks across operations, focusing on insurance exposures, and collaborate with departments to implement robust risk frameworks.

The role requires strong analytical skills, knowledge of COSO and regulatory requirements, and a proactive approach to fostering risk awareness throughout the organization.

Qualifications

• Bachelor's degree in Finance, Economics, Risk Management or related field.
• Minimum 4 years of experience in risk management, compliance, or related role.
• Strong knowledge of risk assessment methodologies and regulatory requirements.

Responsibilities

• Develop and implement risk management strategies across the organization.
• Identify risks in operations, finance and strategy, including insurance exposures.
• Conduct risk assessments and recommend mitigation measures.
• Monitor KRIs and effectiveness of controls.
• Ensure compliance with industry regulations and legal requirements.

Skills

Risk assessment

COSO framework

Regulatory compliance

Stakeholder communication

Education

Bachelor's degree in Finance or Economics or Risk Management

Master's degree preferred

Tools

Risk management software

Job description

About the Role

Our client seeks a proactive and analytical Risk Management Specialist to enhance their risk mitigation strategies in Richards Bay . This key role involves identifying, assessing, and developing plans to manage potential risks across the organization's operations, with a specific focus on the insurance domain. You will work closely with various departments to implement robust risk management frameworks, ensuring compliance with industry regulations and protecting the company's assets and reputation. The ideal candidate is a strategic thinker with a deep understanding of risk assessment methodologies and a commitment to fostering a culture of risk awareness throughout the company.

Key Responsibilities

• Develop and implement comprehensive risk management strategies and policies across the organization.
• Identify potential risks in operational, financial, and strategic areas, including insurance-related exposures.
• Conduct risk assessments, analyze likelihood and impact, and recommend appropriate mitigation measures.
• Monitor and report on key risk indicators (KRIs) and the effectiveness of implemented controls.
• Ensure compliance with relevant industry regulations and legal requirements pertaining to risk and insurance.
• Collaborate with internal audit and compliance teams to review and strengthen risk management processes.
• Facilitate risk workshops and training sessions for staff to promote risk awareness and best practices.

Requirements

• Bachelor's degree in Finance, Economics, Risk Management, or a related field. A Master's degree is a plus.
• Minimum of 4 years of experience in risk management, compliance, or a related role, preferably within the financial services or insurance industry.
• Strong knowledge of risk assessment methodologies, frameworks (e.g., COSO), and regulatory requirements.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in risk management software and tools.
• Strong communication and presentation skills, with the ability to influence stakeholders at all levels.

Benefits

• Generous annual salary commensurate with experience and qualifications.
• Comprehensive medical, dental, and vision insurance plans.
• Retirement savings plan with employer matching contributions.
• Professional development opportunities, including certifications and training.
• A dynamic work environment that values innovation and strategic thinking.