Senior Financial Risk Manager

Placements24; Klerksdorp; Hybrid; ZAR 1,000,000 - 1,600,000; Full time

Benefits offered by this job

Competitive salary package

Hybrid work model

Career development opportunities

Job summary

Placements24 is seeking a Senior Financial Risk Manager to strengthen risk governance in Klerksdorp, North West. You will identify, assess, and mitigate market, credit, and operational risks while embedding robust frameworks and regulatory alignment.

You will lead risk reporting to senior management, drive stress testing, and collaborate across business units to foster a proactive risk culture in a hybrid work environment.

Qualifications

• 7+ years of experience in financial risk management.
• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or related field.
• Knowledge of Basel Accords and regulatory frameworks.
• Strong communication and leadership abilities.

Responsibilities

• Develop and implement risk management frameworks, policies, and procedures.
• Assess market, credit, operational, and liquidity risk.
• Prepare risk reports for senior management and risk committees.
• Lead stress testing and scenario analysis.
• Embed risk culture across business units.

Skills

Risk management

Analytical skills

Leadership

Regulatory knowledge

Communication

Education

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

Master's degree preferred

Tools

Risk management software

Job description

About the Role

Our client, a distinguished financial institution, is actively seeking an experienced Senior Financial Risk Manager to bolster their risk management capabilities in Klerksdorp, North West . This crucial role involves identifying, assessing, and mitigating a wide spectrum of financial risks, including market risk, credit risk, and operational risk. You will play a key role in developing and implementing robust risk frameworks, policies, and procedures to safeguard the company's financial health and ensure regulatory compliance. The ideal candidate will possess a profound understanding of risk management principles, strong analytical skills, and the ability to effectively communicate risk insights to senior leadership and regulatory bodies. This is an excellent opportunity to take on a leadership position within a respected financial organization.

Key Responsibilities

• Develop and implement comprehensive risk management frameworks, policies, and procedures.
• Conduct regular assessments of market risk, credit risk, operational risk, and liquidity risk.
• Analyze and monitor risk exposures, ensuring they remain within defined risk appetite limits.
• Prepare detailed risk reports and present findings and recommendations to senior management and risk committees.
• Ensure compliance with all relevant regulatory requirements and industry best practices.
• Lead stress testing and scenario analysis exercises to evaluate the resilience of the firm's financial position.
• Collaborate with various business units to embed a strong risk management culture.
• Identify emerging risks and develop proactive mitigation strategies.

Requirements

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related field; Master's degree preferred.
• Minimum of 7 years of experience in financial risk management, preferably within a banking or financial services environment.
• In-depth knowledge of various risk management methodologies and regulatory frameworks (e.g., Basel Accords).
• Strong analytical skills with the ability to interpret complex financial data and identify potential risks.
• Proficiency in risk management software and tools.
• Excellent written and verbal communication skills, with the ability to articulate risk concepts clearly.
• Proven leadership and team management abilities.
• Experience working in or understanding the financial sector of North West province is advantageous.

Benefits

• Our client offers a highly competitive salary package, commensurate with experience and expertise, along with potential for performance-based bonuses.
• Comprehensive medical, dental, and vision insurance coverage is provided, ensuring employee well-being.
• A generous retirement savings plan with employer contributions is available.
• Opportunities for professional growth and development, including relevant certifications and advanced training, are actively encouraged and supported.
• Employees will benefit from a dynamic and challenging work environment within a stable financial institution, with excellent career advancement opportunities in Klerksdorp .
• The hybrid work model offers a balance between office collaboration and remote flexibility.