Senior Financial Risk Manager - Corporate Banking

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

Benefits offered by this job

Competitive salary package

Medical aid coverage

Retirement fund contribution

Professional development support

Staff banking facilities

Work-life balance emphasis

Job summary

Placements24 is seeking a Senior Financial Risk Manager to be based in Durban, KwaZulu-Natal. The role oversees credit, market, liquidity, and operational risk across the corporate banking division and requires a deep understanding of risk management frameworks and regulatory requirements.

You will develop strategies, lead a team of risk analysts, and ensure robust risk reporting to senior management and regulators, while supporting risk culture and professional development.

Qualifications

• Master's degree in Finance, Economics, Statistics, or a related quantitative field is required.
• Minimum 7 years of progressive experience in financial risk management, preferably in corporate banking.
• Strong knowledge of risk management principles, techniques, and regulatory requirements.

Responsibilities

• Develop, implement, and monitor risk management frameworks and policies across the corporate banking division.
• Identify, assess, and quantify financial risks (credit, market, liquidity, operational).
• Design and implement stress testing and scenario analysis programs.
• Ensure compliance with local and international banking regulations (Basel Accords).
• Collaborate with business units to embed a strong risk culture and provide guidance on risk mitigation.
• Prepare risk reports for senior management and regulatory bodies.
• Develop and maintain risk models and methodologies for accuracy and effectiveness.
• Manage and mentor a team of risk analysts and professionals.

Skills

Risk management

Leadership & Communication

Analytical skills

Regulatory knowledge

Education

Master's degree in Finance, Economics, Statistics, or related quantitative field

Tools

Risk management software

Job description

About the Role Our client, a prominent player in the corporate banking sector, is actively seeking an experienced Senior Financial Risk Manager to be based in Durban, KwaZulu-Natal . This critical role involves overseeing and managing the organization's financial risk exposure, including credit, market, and operational risks. The ideal candidate will possess a profound understanding of risk management frameworks, regulatory requirements, and complex financial instruments. You will be responsible for developing and implementing robust risk strategies, policies, and procedures to safeguard the bank's assets and ensure financial stability. This position offers the opportunity to make a significant impact within a leading financial institution located in the bustling port city of Durban .

Key Responsibilities

• Develop, implement, and monitor comprehensive risk management frameworks and policies across the corporate banking division.
• Identify, assess, and quantify financial risks (credit, market, liquidity, operational) faced by the organization.
• Design and implement stress testing and scenario analysis programs to evaluate the bank's resilience under adverse conditions.
• Ensure compliance with all relevant local and international banking regulations (e.g., Basel Accords).
• Collaborate with business units to embed a strong risk culture and provide guidance on risk mitigation strategies.
• Prepare detailed risk reports for senior management and regulatory bodies.
• Develop and maintain risk models and methodologies, ensuring their accuracy and effectiveness.
• Manage and mentor a team of risk analysts and professionals.

Requirements

• Master's degree in Finance, Economics, Statistics, or a related quantitative field.
• Minimum of 7 years of progressive experience in financial risk management, preferably within corporate banking.
• In-depth knowledge of risk management principles, techniques, and regulatory requirements.
• Strong understanding of financial markets, instruments, and corporate banking products.
• Proven experience in developing and implementing risk frameworks, policies, and procedures.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in risk management software and tools.
• Strong leadership, communication, and interpersonal skills.
• Relevant professional certifications (e.g., FRM, PRM) are highly advantageous.

Benefits

• Our client offers a competitive salary package commensurate with experience, along with performance-related bonuses.
• Benefits include comprehensive medical aid coverage, a generous retirement fund contribution, and potential for career advancement within the organization.
• This role is based in our modern offices in Durban, KwaZulu-Natal , offering a dynamic work environment.
• The bank also provides opportunities for professional development through training programs and support for relevant certifications.
• Employees can take advantage of subsidized staff banking facilities and other exclusive perks.
• A strong emphasis is placed on work-life balance, with a supportive team culture.