Senior Financial Risk Analyst — Basel & IFRS 9 Focus

FirstRand Bank; Stellenbosch; On-site; ZAR 350,000 - 500,000; Full time

Benefits offered by this job

Medical Insurance

Pension Plan

Paid Leave

Wellness Programs

Professional Development

Job summary

FirstRand Bank in Stellenbosch seeks a Financial Risk Analyst to identify, assess, and mitigate financial risks across its product portfolio. You will develop risk models, perform stress testing, and ensure regulatory compliance while collaborating with cross‑functional teams.

The role involves interacting with senior leadership to strengthen risk governance, drive proactive mitigation, and support strategic decisions in a dynamic banking environment.

Qualifications

• Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or related field.
• 5+ years in financial risk analysis or related banking role.
• Experience developing risk models and regulatory reporting (Basel III/IFRS 9).

Responsibilities

• Develop and maintain quantitative risk models for credit, market, and operational risk.
• Conduct stress testing and scenario analysis to assess impacts on the bank.
• Produce risk reports for senior management and regulators.
• Embed risk considerations into product design and pricing with cross‑functional teams.
• Ensure Basel III and IFRS 9 compliance across risk assessments.
• Provide actionable insights to improve risk‑adjusted performance.
• Support ongoing improvement of risk frameworks and tools.

Skills

Statistical analysis

Financial modeling

Excel

VBA

Python

R

Basel III IFRS9

Education

Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or related field

Tools

Python

R

Data visualization tools

Job description

FirstRand Bank in Stellenbosch seeks a Financial Risk Analyst to identify, assess, and mitigate financial risks across its product portfolio. You will develop risk models, perform stress testing, and ensure regulatory compliance while collaborating with cross‑functional teams.

The role involves interacting with senior leadership to strengthen risk governance, drive proactive mitigation, and support strategic decisions in a dynamic banking environment.