Senior Financial Risk Manager

Placements24; Polokwane; Hybrid; ZAR 1,500,000 - 2,100,000; Full time

Benefits offered by this job

Competitive salary

Medical aid, life insurance, and/dis.

Retirement fund with company mattings

Professional development and training

Hybrid working model

Wellness programs and employee support

Clear career progression

Job summary

Placements24 seeks a Senior Financial Risk Manager for its Polokwane, Limpopo operations. The role focuses on strengthening the risk framework, overseeing credit, market, liquidity, and operational risks, and guiding a team of risk professionals.

You will develop risk policies, monitor KRIs/KPIs, ensure SARB compliance, and present reports to senior leadership. Hybrid work setup. Strong leadership and SA banking regulation knowledge is essential.

Qualifications

• Master's degree in Finance, Economics, Mathematics, Statistics, or related field.
• 7+ years of experience in financial risk management, with at least 3 years in a senior or managerial role.
• Proven expertise in credit risk, market risk, liquidity risk, and operational risk management.
• Strong knowledge of regulatory frameworks and reporting requirements in the South African banking sector.
• Excellent analytical, problem-solving, and leadership skills.

Responsibilities

• Develop, implement, and maintain a comprehensive financial risk management framework.
• Identify, assess, and quantify risks across the organization, including credit, market, liquidity, and operational risks.
• Design and implement risk mitigation strategies and controls.
• Develop and monitor KRIs and KPIs for risk management.
• Ensure regulatory compliance with SARB directives and other guidelines.
• Prepare and present risk reports to senior management and the board.
• Lead and mentor the risk management team, fostering development.
• Conduct stress testing and scenario analysis to assess resilience.
• Collaborate with business units to integrate risk management into operations.
• Stay abreast of evolving risk practices and regulatory changes in Limpopo.

Skills

Financial risk management

Credit risk

Market risk

Liquidity risk

Operational risk

Leadership

Regulatory knowledge

Risk reporting

Education

Master's degree in Finance/ Economics/ Mathematics/ Statistics

Tools

Risk modeling software

Job description

About the Role

Our client, a leading financial institution in Polokwane, Limpopo, is seeking a highly experienced Senior Financial Risk Manager to oversee and enhance its risk management framework. This critical role involves identifying, assessing, and mitigating a wide range of financial risks, including credit, market, liquidity, and operational risks. The successful candidate will develop and implement risk management strategies, policies, and procedures to ensure the firm's financial stability and compliance with regulatory requirements. You will lead a dedicated team of risk professionals, providing strategic guidance and fostering a strong risk-aware culture throughout the organization. This is a key leadership position within the Polokwane branch, offering the chance to shape the firm's risk appetite and contribute to sound financial decision-making. The ideal candidate has a deep understanding of financial markets and risk management principles.

Key Responsibilities

• Develop, implement, and maintain a comprehensive financial risk management framework.
• Identify, assess, and quantify financial risks across the organization, including credit, market, liquidity, and operational risks.
• Design and implement risk mitigation strategies and controls.
• Develop and monitor Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs) for risk management.
• Ensure compliance with all relevant regulatory requirements and guidelines (e.g., SARB directives).
• Prepare and present risk reports to senior management, the board of directors, and regulatory bodies.
• Lead and mentor the risk management team, fostering professional development and expertise.
• Conduct stress testing and scenario analysis to assess the firm's resilience to adverse market conditions.
• Collaborate with business units to integrate risk management principles into their operations.
• Stay abreast of evolving risk management best practices and regulatory changes impacting the financial sector in Limpopo.

Requirements

• A Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• A minimum of 7 years of experience in financial risk management, with at least 3 years in a senior or managerial role.
• Proven expertise in credit risk, market risk, liquidity risk, and operational risk management.
• Strong knowledge of financial modeling, quantitative analysis, and risk assessment techniques.
• Familiarity with regulatory frameworks and reporting requirements in the South African banking sector.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong leadership and team management capabilities.
• Exceptional communication and presentation skills, with the ability to articulate complex risk concepts clearly.
• Proficiency in risk management software and tools.
• Ability to work effectively in a hybrid work environment in Polokwane.

Benefits

• Competitive salary and performance-based bonus opportunities.
• Comprehensive medical aid, life insurance, and disability benefits.
• Retirement fund with company contributions.
• Opportunities for professional development, certifications, and training.
• Hybrid working model allowing for flexibility from your Limpopo base.
• A challenging and rewarding work environment within a reputable financial institution.
• Exposure to diverse financial products and markets.
• Generous annual leave allowance.
• Wellness programs and employee support services.
• Clear career progression path for senior risk professionals.