Risk Manager - Banking

PwC; Johannesburg; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

A leading firm is seeking experienced managers for their Risk & Regulation team. This role focuses on credit risk management within the Financial Services sector, requiring strong consulting experience and a deep understanding of regulatory frameworks. Successful candidates will engage with clients to enhance their risk capabilities and navigate complex regulatory changes, while managing project delivery and supporting business development.

Qualifications

• 3+ years of consulting experience or equivalent banking risk function experience
• Strong grasp of credit risk management practices and regulatory expectations
• Understanding of the South African banking environment and global frameworks.

Responsibilities

• Support clients in assessing and enhancing their credit risk frameworks.
• Assist in interpretation and implementation of regulatory requirements.
• Manage delivery teams for risk and regulatory change engagements.

Skills

Credit Risk Management

Regulatory Reporting

Stakeholder Management

Business Development

Education

Undergraduate Degree

Honours or Master's Degree in Finance, Accounting, Risk Management, or Quantitative Disciplines

Chartered Accountant (CA)

Chartered Financial Analyst (CFA)

Financial Risk Manager (FRM)

Job description

Our Risk & Regulation team is growing fast, and we’re looking for experienced managers who bring credit risk expertise within the Financial Services sector. Ideally 3+ years of consulting experience or equivalent time spent in a bank’s risk function, with a strong grasp of credit risk management practices and regulatory expectations. We’re particularly interested in professionals who understand the South African banking environment and have exposure to global frameworks such as Basel, IFRS 9, ICAAP, and credit risk modelling. If you’re passionate about helping institutions strengthen their risk capabilities and navigate complex regulatory changes — we want to hear from you.

Job Description

To manage the day-to-day delivery of Risk & Regulatory teams in delivering risk and regulatory change related engagements, including:

• Business development
• Engagement planning, e.g. effort/cost estimation, and engagement/project management
• Issue diagnosis, solution generation, design and deployment
• Staff management and coaching
• Stakeholder management and reporting

Responsibilities

• Support clients in assessing and enhancing their credit risk frameworks (e.g., credit risk appetite, risk ratings, provisioning, portfolio analysis, stress testing).
• Assist in the interpretation and implementation of regulatory requirements (e.g., Basel III/IV, IFRS 9, ICAAP).
• Conduct diagnostic reviews of credit governance structures, processes, policies, models, and systems. Design and implement solutions that will help progress and build momentum with this area.
• Engage with stakeholders across risk, finance, and compliance functions to deliver value-added insights.
• Managing the delivery teams of a range of risk and regulatory change related engagements.
• Produce high-quality client deliverables including presentations, reports, and working papers.
• Contribute to business development through proposal support, thought leadership, and client relationship building.

Qualifications

• An undergraduate degree is required, with preference for an Honours or master's degree in one of the following fields:
• Finance or Accounting
• Risk Management
• Quantitative disciplines (e.g., Mathematics, Statistics or Economics)
• Relevant professional certifications such as Chartered Accountant (CA), the CFA (Chartered Financial Analyst) or FRM (Financial Risk Manager) are highly advantageous.

Competencies

• Deep understanding of banking products, processes, and control environments, with a strong specialism in credit risk across the lifecycle (origination, monitoring, provisioning, and capital).
• Demonstrated experience with regulatory frameworks, including Basel III/IV, ICAAP, and regulatory reporting requirements, with a track record of supporting or leading the preparation of capital and credit risk-related regulatory returns.
• Proven ability to lead multi-disciplinary project teams, with experience delivering complex engagements — ideally involving risk systems, data architecture, or infrastructure implementations.
• Expertise in designing and embedding 'best-in-class' risk frameworks, policies, and governance structures, including the development of risk measurement methodologies and stress testing frameworks.
• Strong capability to interpret and communicate complex risk and regulatory concepts clearly and confidently to a range of stakeholders, from technical teams to executive leadership.
• Consulting agility — the ability to adapt to diverse client contexts and contribute effectively across strategy, advisory, and implementation roles.
• Sound commercial and business acumen, with an ability to identify client needs, propose solutions, and contribute to practice growth.