Senior Risk Administrator

Apex Group Ltd; Cape Town; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A global financial services firm is looking for a Senior Risk Administrator in Cape Town. This role involves supporting the Head of Risk to implement and comply with the Risk Management Framework, identifying and managing risks, and ensuring effective governance. The ideal candidate should have experience in risk management within the financial services sector and an understanding of risk frameworks. This position offers an opportunity to contribute significantly within a rapidly growing team.

Qualifications

• Experience of Risk Management in the financial services industry.
• Track record in fund management or administration considered an advantage.
• Understanding of Risk Frameworks in a Financial Services context.

Responsibilities

• Support the Head of Risk in managing risk effectively.
• Assist in local risk reporting for Enterprise Risk Management.
• Maintain oversight of adherence with key risk policies.
• Contribute to governance structures related to risk matters.

Skills

Risk Management experience

Understanding of Risk Frameworks

Experience in fund management

Education

Relevant Risk Management qualification

Job description

Senior Risk Administrator

The Apex Group was established in Bermuda in and is now one of the world's largest fund administration and middle office solutions providers.

Our business is unique in its ability to reach globally, service locally and provide cross-jurisdictional services.

With our clients at the heart of everything we do, our hard‑working team has successfully delivered on an unprecedented growth and transformation journey, and we are now represented by over 13,000 employees across offices worldwide.

Your career with us should reflect your energy and passion.

That's why, at Apex Group, we will do more than simply 'empower' you.

We will work to supercharge your unique skills and experience.

Take the lead and we'll give you the support you need to be at the top of your game.

And we offer you the freedom to be a positive disrupter and turn big ideas into bold, industry‑changing realities.

Role Summary

The Senior Risk Administrator is a member of the Local Risk Management team under the Risk Function. As part of this team, the Senior Risk Administrator provides support to the Head of Risk for the implementation of, and compliance with, the Apex Risk Management Framework in his / her jurisdiction.

Key Responsibilities

• Support the Head of Risk to proactively manage risk by identifying, assessing and reporting both risk and controls (adequacy and effectiveness), supporting testing & reporting on the adequacy/effectiveness of key risks as well as identifying control mitigation and overseeing implementation within timelines.
• Assist in ensuring local risk reporting is escalated through the Risk Function to ensure accurate and timely Enterprise Risk Management reporting at a Group level.
• Support Head of Risk in ensuring fully current knowledge of any or all specific jurisdictional regulators (as relevant) through up‑to‑date horizon scanning and, as required, support communication with the regulator at periodic intervals on risk reporting.
• Support maintenance oversight on adherence with key policies and procedures on risk management.
• Support work with Internal Audit and Compliance in improvement of the control framework.
• Contribute to elevate relevant information of risk matters via agreed governance structure such as Local Risk & Audit Committees and reporting to local Boards (as / if required).
• Support reporting to the Board and regulators (as relevant) on risk management practices.
• Contribute to work with staff locally to implement Risk Framework initiatives in a proportionate and pragmatic manner, ensuring appropriate escalation in the event of failure.
• Support proactive identification of emerging trends and provide direction on appropriate risk management options.
• Involvement in Client Acceptance Process, identifying and raising potential risk concerns, to the extent required by the Head of Risk, and support the Local and Group Risk Committees.
• Maintain oversight of Events, Complaints and Breaches; (as needed) assist in provision of Root Cause Analysis/findings and drive a best‑in‑class risk culture.
• As relevant actively contribute to Risk Assessment and Control Assessment, in collaboration with the Risk Framework team, to the extent required by the Head of Risk.
• Participate in the oversight of local Outsourcing arrangements.
• Contribute to drive an improved and robust control environment locally.
• Participate in the oversight of Business Continuity plans and planning.
• Contribute to the production of accurate and timely risk reporting to the appropriate Risk and Compliance Committee as needed.

Key Requirements

• Experience of Risk Management in the financial services industry – a track record in fund management or fund administration sectors will be considered an advantage.
• Relevant Risk Management qualification would be an advantage.
• Experience working in both First and Second lines of defense.
• Understanding of Risk Frameworks in a Financial Services context.

Disclaimer: Unsolicited CVs sent to Apex (Talent Acquisition Team or Hiring Managers) by recruitment agencies will not be accepted for this position.

Apex operates a direct sourcing model and where agency assistance is required, the Talent Acquisition team will engage directly with our exclusive recruitment partners.