Senior Financial Risk Manager

Placements24; Rustenburg; On-site; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Attractive salary package

Comprehensive health insurance

Retirement fund contributions

Professional development opportunities

Job summary

Placements24 is seeking a Senior Financial Risk Manager in Rustenburg to lead and evolve the risk management framework. You will steward credit, market, liquidity, and operational risk practices, mentor a team, and ensure compliance with Basel accords and internal governance standards.

The role requires a Master's degree and 7+ years in financial risk management within banking or financial services, with strong analytical and leadership abilities. Relocation to Rustenburg is expected.

Qualifications

• Master's degree in Finance, Economics, Risk Management, or related field.
• 7+ years in financial risk management in banking/financial services.
• Expertise across credit, market, liquidity, and operational risk.
• Strong regulatory compliance knowledge for financial institutions.
• FRM, CFA, or PRM certifications are desirable.
• Residency or willingness to relocate to Rustenburg.

Responsibilities

• Develop, implement, and manage financial risk strategies and policies.
• Identify and monitor credit, market, liquidity, and operational risks.
• Design risk models, stress tests, and scenario analyses.
• Ensure Basel and internal governance compliance.
• Lead and mentor risk analysts and managers.
• Present risk reports to senior management and board.
• Collaborate with business units to embed risk in operations.
• Oversee risk systems and tools.
• Help set strategic direction from a risk perspective.

Skills

Financial risk management

Leadership

Regulatory compliance

Credit risk

Market risk

Liquidity risk

Operational risk

Education

Master's degree

Job description

About the Role

Our client, a prominent financial services provider, is seeking an experienced Senior Financial Risk Manager to oversee and enhance their risk management framework in Rustenburg. This is a critical role responsible for identifying, assessing, and mitigating financial risks across the organization. You will lead a team of risk professionals, develop risk policies, and ensure compliance with regulatory requirements. The ideal candidate will have a deep understanding of credit risk, market risk, liquidity risk, and operational risk, coupled with strong leadership capabilities. This position demands a strategic thinker with the ability to translate complex risk concepts into actionable strategies. Join a well-established firm committed to prudent financial management and robust risk governance. Your expertise will be vital in safeguarding the company's financial stability and supporting sustainable growth.

Key Responsibilities

• Develop, implement, and manage comprehensive financial risk management strategies and policies.
• Identify, assess, and monitor key financial risks, including credit, market, liquidity, and operational risks.
• Design and implement risk models, stress testing, and scenario analysis to evaluate the impact of adverse market conditions.
• Ensure compliance with relevant regulatory frameworks (e.g., Basel Accords) and internal governance standards.
• Lead and mentor a team of risk analysts and managers, fostering a culture of risk awareness and accountability.
• Prepare and present detailed risk reports to senior management, the board of directors, and regulatory bodies.
• Collaborate with business units to integrate risk management principles into daily operations and strategic decision-making.
• Oversee the development and maintenance of risk management systems and tools.
• Contribute to the overall strategic direction of the organization from a risk perspective.

Requirements

• Master's degree in Finance, Economics, Risk Management, or a related quantitative field.
• Minimum of 7 years of progressive experience in financial risk management within the banking or financial services sector.
• Proven expertise in credit risk, market risk, liquidity risk, and operational risk management.
• Strong understanding of regulatory requirements and compliance frameworks relevant to financial institutions.
• Excellent analytical, problem-solving, and strategic thinking skills.
• Demonstrated leadership experience with the ability to manage and motivate a team.
• Proficiency in risk management software and analytical tools.
• Strong communication and presentation skills, with the ability to interact effectively with stakeholders at all levels.
• Professional certifications such as FRM, CFA, or PRM are highly desirable.
• Residency or willingness to relocate to Rustenburg is required.

Benefits

• Attractive salary package and performance incentives.
• Comprehensive health insurance and retirement fund contributions.
• Opportunities for continuous professional development and training.
• Significant impact on the company's risk strategy and financial health.
• A stable and reputable employer in the financial sector.
• Access to advanced risk management resources.