Senior Enterprise Risk Manager

Placements24; Gqeberha; Hybrid; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Medical aid

Retirement fund

Life insurance

Annual leave

Wellness programs

Professional development

Job summary

Placements24 is seeking a Senior Enterprise Risk Manager in Port Elizabeth, Eastern Cape, to lead the organization’s ERM framework and risk governance. The role collaborates with senior management to identify, assess, and mitigate strategic, operational, financial, and regulatory risks across the business.

You will design risk mitigation plans, monitor KRIs and KPIs, and report to the board, while fostering a robust risk culture.

Qualifications

• Master’s degree in Finance, Business Administration, Risk Management, or related field.
• 7+ years of experience in enterprise or operational risk within financial services.
• Strong COSO ERM knowledge and regulatory understanding.
• Proven ability to develop and implement ERM programs.

Responsibilities

• Develop, implement, and maintain the organization's ERM framework, policies, and procedures.
• Identify, assess, and prioritize risks across units and functions.
• Design and execute risk mitigation strategies with stakeholders.
• Monitor KRIs and KPIs to track risk and controls effectiveness.
• Conduct risk assessments including stress testing to evaluate risk appetite.
• Prepare risk reports for senior management, board, and regulators.
• Facilitate risk training and awareness across employees.
• Ensure regulatory compliance and industry best practices.

Skills

Risk management

Leadership

Analytical

Regulatory knowledge

Stakeholder mgmt

Communication

Problem solving

Education

Master's degree in Finance, Business Administration, Risk Management, or related field

Tools

ERM software

Job description

About the Role

Our client, a prominent financial services group, is seeking a highly experienced Senior Enterprise Risk Manager to join their esteemed team in Port Elizabeth, Eastern Cape. This pivotal role involves developing, implementing, and overseeing the enterprise-wide risk management framework. You will be responsible for identifying, assessing, and mitigating a broad spectrum of risks, including strategic, operational, financial, and compliance risks, ensuring the organization’s resilience and sustainability. The ideal candidate will possess a deep understanding of risk management principles and practices within the financial sector, coupled with strong analytical and leadership skills. This position requires a strategic thinker who can effectively collaborate with senior management and various departments across the Port Elizabeth operations. Be instrumental in safeguarding the future of a leading financial entity in Port Elizabeth.

Key Responsibilities

• Develop, implement, and maintain the organization’s enterprise risk management (ERM) framework, policies, and procedures.
• Identify, assess, and prioritize potential risks across all business units and functional areas.
• Design and execute risk mitigation strategies and action plans in collaboration with relevant stakeholders.
• Monitor key risk indicators (KRIs) and key performance indicators (KPIs) to track risk exposure and the effectiveness of controls.
• Conduct regular risk assessments, including scenario analysis and stress testing, to evaluate the organization’s risk appetite and tolerance.
• Prepare comprehensive risk reports for senior management, the board of directors, and regulatory bodies.
• Facilitate risk management training and awareness programs for employees at all levels.
• Ensure compliance with relevant regulatory requirements and industry best practices in risk management.
• Manage relationships with external auditors and risk management consultants.
• Champion a strong risk culture throughout the organization in Port Elizabeth.

Requirements

• Master’s degree in Finance, Business Administration, Risk Management, or a related discipline.
• Relevant professional certifications (e.g., FRM, PRM, CRISC) are highly desirable.
• A minimum of 7 years of experience in enterprise risk management, operational risk, or a related field within the financial services industry.
• In-depth knowledge of risk management frameworks (e.g., COSO ERM) and regulatory requirements applicable to financial institutions.
• Proven ability to develop and implement comprehensive ERM programs.
• Strong analytical, problem-solving, and quantitative skills.
• Excellent leadership, communication, and interpersonal skills, with the ability to influence and collaborate with senior stakeholders.
• Proficiency in risk management software and tools.
• Ability to work effectively in a hybrid work environment, balancing in-office and remote responsibilities.
• Demonstrated ability to manage multiple priorities and meet deadlines in a demanding environment.
• Understanding of the financial services landscape in Port Elizabeth, Eastern Cape.

Benefits

Our client offers a competitive salary and a comprehensive benefits package, including excellent medical aid, a strong retirement fund contribution, and life insurance. This hybrid role provides a balance between in-office collaboration in our Port Elizabeth facility and the flexibility of remote work. Opportunities for professional development, including advanced risk management training and industry certifications, are available. Join a supportive team environment where your contributions to risk mitigation and organizational resilience are highly valued. Enjoy generous annual leave and access to employee wellness programs. Be a key player in shaping the risk strategy of a leading financial institution in Port Elizabeth.