Risk Management Specialist

Placements24; Rustenburg; Hybrid; ZAR 480,000 - 720,000; Full time

Benefits offered by this job

Competitive salary

Performance-based incentives

Hybrid work model

Medical aid

Retirement fund contributions

Professional development

Job summary

Placements24 is seeking a proactive Risk Management Specialist in Rustenburg to identify, assess, and mitigate financial and operational risks across the organization. The role supports the development of risk frameworks, policies, and procedures to ensure compliance and asset protection.

You will work with multiple departments to foster a risk-aware culture and provide risk insights for strategic decision-making, while staying abreast of regulatory changes and industry best practices.

Qualifications

• Bachelor's degree in Finance, Risk Management, Business Administration or related field.
• 3-5 years in risk management, internal audit, or compliance in financial services.
• Strong understanding of risk management principles and frameworks (COSO) and regulations.
• Excellent analytical, problem-solving and communication skills.
• Proficiency with risk management software and tools.

Responsibilities

• Develop and implement risk assessment methodologies and tools.
• Identify, analyze and report on key risks (financial, operational, strategic, compliance).
• Design and oversee risk mitigation strategies and action plans.
• Monitor effectiveness of internal controls and recommend enhancements.
• Prepare regular risk reports for senior management and committees.
• Stay updated on regulatory changes and industry best practices.

Skills

Analytical thinking

Communication

Stakeholder management

Regulatory understanding

Problem-solving

Education

Bachelor's degree in Finance, Risk Management, Business Administration

Tools

COSO

Job description

About the Role

Our client is looking for a proactive and experienced Risk Management Specialist to join their team in Rustenburg. This hybrid role will be instrumental in identifying, assessing, and mitigating a wide range of financial and operational risks across the organization. You will develop and implement robust risk management frameworks, policies, and procedures to ensure compliance and protect the company's assets. Working collaboratively with various departments, you will play a key role in fostering a strong risk-aware culture and safeguarding the business against potential threats, while contributing to strategic decision-making with risk insights.

Key Responsibilities

• Develop and implement comprehensive risk assessment methodologies and tools.


• Identify, analyze, and report on key risks, including financial, operational, strategic, and compliance risks.


• Design and oversee the execution of risk mitigation strategies and action plans.


• Monitor the effectiveness of internal controls and recommend enhancements.


• Prepare regular risk reports for senior management and relevant committees.


• Stay abreast of regulatory changes and industry best practices in risk management.

Requirements

• Bachelor's degree in Finance, Risk Management, Business Administration, or a related field.


• 3-5 years of experience in risk management, internal audit, or compliance within the financial services sector.


• Strong understanding of risk management principles, frameworks (e.g., COSO), and regulations.


• Excellent analytical, problem-solving, and critical thinking skills.


• Proficiency in risk management software and tools.


• Effective communication and stakeholder management abilities.

Benefits

• Competitive salary and performance-based incentives.


• Hybrid work model offering flexibility between office and remote work.


• Comprehensive medical aid and retirement fund contributions.


• Opportunities for professional development and certifications.


• A supportive work environment that values risk awareness and ethical conduct.