Senior Financial Risk Manager

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

Benefits offered by this job

Competitive salary and bonuses

Medical aid and retirement fund

Generous leave and holidays

Professional development and certs

Hybrid office environment

Cutting-edge risk technology

Job summary

Placements24 in Cape Town is seeking an experienced Senior Financial Risk Manager to oversee the enterprise-wide risk framework with emphasis on market, credit, liquidity, and operational risks.

You will lead a team of risk professionals, drive stress testing, and ensure Basel/SARB compliance while partnering with business units to embed risk practices in daily operations.

Qualifications

• Master's degree in Finance, Economics, Mathematics, or related field.
• 7+ years in financial risk management with leadership experience.
• Strong knowledge of financial markets and risk methodologies.
• Experience with risk modeling, stress testing, and scenario analysis.
• Experience with regulatory frameworks in SA.

Responsibilities

• Develop and maintain enterprise-wide financial risk policies.
• Identify, assess, monitor market, credit, liquidity, and operational risks.
• Design stress tests and scenario analyses.
• Ensure Basel/SARB regulatory compliance.
• Lead and mentor risk analysts and specialists.
• Prepare risk reports for senior management and the board.
• Advise on risk mitigation strategies.

Skills

Leadership

Risk modeling

Stress testing

Regulatory knowledge

Stakeholder communication

Team mentorship

Education

Master's degree in Finance/Economics/Mathematics

Tools

Risk software

Job description

About the Role

Our client is seeking an experienced Senior Financial Risk Manager to join their esteemed team in Cape Town, Western Cape, ZA . This role involves overseeing and managing the enterprise-wide risk management framework, with a strong focus on financial risks including market, credit, liquidity, and operational risks. You will play a pivotal role in developing strategies to mitigate these risks, ensuring the financial stability and regulatory compliance of the organization. This is a hybrid position, offering a balance between in-office collaboration and remote flexibility. The ideal candidate will possess a deep understanding of financial risk principles, regulatory landscapes, and possess excellent leadership capabilities to guide a team of risk professionals. Your expertise will be crucial in safeguarding the company's assets and reputation.

Key Responsibilities

• Develop, implement, and maintain comprehensive financial risk management policies and procedures.
• Identify, assess, and monitor key financial risks across the organization, including market risk, credit risk, liquidity risk, and operational risk.
• Design and execute stress testing and scenario analysis to evaluate the impact of adverse market conditions.
• Ensure compliance with relevant financial regulations and reporting requirements (e.g., Basel Accords, SARB regulations).
• Collaborate with business units to embed risk management practices into daily operations and strategic decision-making.
• Manage and mentor a team of risk analysts and specialists, fostering a culture of risk awareness.
• Prepare detailed risk reports for senior management, the board of directors, and regulatory bodies.
• Evaluate and recommend appropriate risk mitigation strategies and tools.
• Stay updated on industry best practices and emerging risks in the financial sector.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related quantitative field.
• A minimum of 7 years of experience in financial risk management, with a significant portion in a leadership or senior role.
• In-depth knowledge of financial markets, instruments, and risk management methodologies.
• Strong understanding of regulatory frameworks applicable to the financial services industry in South Africa.
• Proven experience with risk modeling, stress testing, and scenario analysis.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management abilities.
• Exceptional communication and interpersonal skills, with the ability to engage effectively with stakeholders at all levels.
• Proficiency in risk management software and tools.
• Relevant professional certifications such as FRM, PRM, or CFA are highly desirable.

Benefits

• Competitive annual salary and performance-based bonuses.
• Comprehensive medical aid and retirement fund contributions.
• Generous leave allowance and public holidays.
• Opportunities for continuous professional development, including training and certifications.
• A modern office environment with flexible hybrid work arrangements.
• Access to cutting-edge risk management technology.
• Supportive team culture and career advancement prospects.