Senior Financial Risk Manager

Placements24; Centurion; On-site; ZAR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Competitive salary

Health and retirement benefits

Performance bonus

Professional development

Job summary

Placements24 is seeking a Senior Financial Risk Manager for a leading financial services group in Centurion, Gauteng. The role focuses on developing, implementing, and overseeing the enterprise risk framework across banking and financial services units.

You will lead a team of risk analysts, monitor market, credit, liquidity, and operational risks, design stress tests, ensure Basel-aligned reporting, and advise senior management on risk appetite and mitigation strategies.

Qualifications

• Master's degree in a quantitative field.
• 8+ years of progressive financial risk management experience.
• Experience with risk frameworks, policies, and procedures.
• Strong regulatory knowledge in the financial sector.

Responsibilities

• Develop, implement, and maintain enterprise risk framework and policies.
• Identify, assess, monitor key financial risks including market, credit, liquidity, and operational risk.
• Design stress testing and scenario analysis to evaluate resilience.
• Ensure regulatory compliance and reporting standards (e.g., Basel).
• Develop and maintain risk models and reporting methodologies.
• Advise senior management and the Board on risk appetite and mitigation strategies.
• Lead and mentor a team of risk analysts and specialists.
• Collaborate with finance, treasury, and operations to embed risk management principles into processes.

Skills

Risk management

Leadership

Regulatory compliance

Stakeholder management

Education

Master's degree in Finance/ Economics/ Mathematics

Tools

Risk modeling software

Job description

About the Role

Our client, a leading financial services group, is seeking a highly experienced Senior Financial Risk Manager to join their team in Centurion, Gauteng . This senior position will play a critical role in developing, implementing, and overseeing the organization's risk management framework. You will be responsible for identifying, assessing, and mitigating financial risks across various business units, ensuring compliance with regulatory requirements, and advising senior management on risk-related matters. The ideal candidate will possess a deep understanding of market risk, credit risk, operational risk, and liquidity risk, coupled with strong analytical and strategic thinking capabilities. This is a challenging and rewarding opportunity to shape the risk profile of a prominent financial institution.

Key Responsibilities

• Develop, implement, and maintain the enterprise-wide risk management framework and policies.
• Identify, assess, and monitor key financial risks, including market risk, credit risk, liquidity risk, and operational risk.
• Design and execute stress testing and scenario analysis to evaluate the firm's resilience to adverse market conditions.
• Ensure compliance with all relevant regulatory requirements and reporting standards (e.g., Basel Accords).
• Develop and maintain risk models and methodologies for measuring and reporting risk exposures.
• Provide strategic advice and recommendations to senior management and the Board of Directors on risk appetite and mitigation strategies.
• Lead and mentor a team of risk analysts and specialists, fostering a culture of risk awareness and proactive management.
• Collaborate with various departments, including finance, treasury, and operations, to embed risk management principles into business processes.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 8 years of progressive experience in financial risk management within the banking or financial services industry.
• In-depth knowledge of various risk management disciplines: market risk, credit risk, operational risk, and liquidity risk.
• Proven experience in developing and implementing risk management frameworks, policies, and procedures.
• Strong understanding of regulatory requirements and reporting standards in the financial sector.
• Proficiency in risk modeling software and quantitative analysis tools.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership, communication, and stakeholder management abilities.

Benefits

• Our client offers a competitive salary, comprehensive health and retirement benefits, and a performance-driven bonus structure.
• Opportunities for professional development, continuous training, and career advancement are actively supported.
• This role provides a significant platform to influence risk strategy and contribute to the stability and success of the organization within the dynamic Banking & Finance sector.
• Joining our client means becoming part of a respected institution committed to excellence and integrity in financial risk management.