Senior Insurance Risk Manager – ERM & Regulatory Excellence

Placements24; Durban; Hybrid; ZAR 900,000 - 1,800,000; Full time

Benefits offered by this job

Medical aid

Retirement annuity

Professional development funding

Generous leave

Job summary

Placements24 is recruiting an Insurance Risk Manager in Durban to lead enterprise risk activities across the organization. You will develop and maintain an ERM program tailored to the insurance sector, identifying and prioritizing risks, and integrating risk culture across teams.

With 6+ years of risk management experience and a solid grasp of SA regulatory landscape, you will design stress tests, monitor KRIs/KPIs, and report to executives and regulators while enabling strategic decisions.

Qualifications

• Bachelor-level degree in finance/economics/risk management or related quantitative field.
• Master's degree or professional risk qualification (CRISC/PRM/FRM) is advantageous.
• Minimum 6 years in risk management, with insurance industry focus.

Responsibilities

• Develop and maintain the insurer's ERM framework.
• Identify, assess and prioritize risks across operations (market, credit, operational, strategic).
• Design stress tests and scenario analyses to stress resilience.
• Develop KRIs and KPIs to monitor risk exposure and control effectiveness.
• Embed risk practices across business units and decision processes.
• Ensure regulatory compliance and reporting to regulators.
• Prepare risk reports for senior management, board and regulators.
• Deliver risk management training to staff at all levels.
• Investigate risk events and implement corrective actions.
• Stay updated on emerging risks and regulatory changes.

Skills

ERM frameworks

Risk modeling

Data analysis

Analytical thinking

Stakeholder management

Project management

Regulatory knowledge

Education

Bachelor's degree in Finance, Economics, Risk Management, Statistics, or related quantitative field

Master's degree or professional qualification (CRISC, PRM, FRM) advantageous

Tools

SAS

R

Python

Job description

Placements24 is recruiting an Insurance Risk Manager in Durban to lead enterprise risk activities across the organization. You will develop and maintain an ERM program tailored to the insurance sector, identifying and prioritizing risks, and integrating risk culture across teams.

With 6+ years of risk management experience and a solid grasp of SA regulatory landscape, you will design stress tests, monitor KRIs/KPIs, and report to executives and regulators while enabling strategic decisions.