Senior Risk Analyst

Placements24; East London; Hybrid; ZAR 600,000 - 1,000,000; Full time

Benefits offered by this job

Competitive salary & bonuses

Hybrid work model

Medical aid & retirement fund

Professional development

Job summary

Placements24 is seeking a highly analytical Senior Risk Analyst to join the East London risk management team. The role emphasizes identifying, assessing, and mitigating risks across credit, market, operational, and compliance domains within the banking and finance sector.

The position offers a hybrid work model with remote flexibility and opportunities for professional development in a reputable financial institution. Strong analytical and communication skills are essential.

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Mathematics or related field.
• Minimum 5 years of experience in risk analysis or financial analysis.
• Strong knowledge of risk management principles and regulatory frameworks.
• Proficiency in statistical analysis, data modeling, and risk assessment tools.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Identify, analyze, and quantify potential risks across business areas.
• Develop and implement risk management strategies and mitigation plans.
• Monitor KRIs and prepare risk reports for management and regulators.
• Conduct risk assessments and stress testing of financial models and portfolios.
• Collaborate with units to embed risk management in operations.
• Stay updated on industry practices and regulatory changes.

Skills

Quantitative analysis

Risk assessment

Data modeling

Statistical analysis

Communication skills

Education

Bachelor's degree in Finance, Economics, Statistics, Mathematics

Tools

Risk management software

Data visualization tools

Job description

About the Role

Our client is seeking a highly analytical and experienced Senior Risk Analyst to join their dedicated risk management team in East London . This role is integral to identifying, assessing, and mitigating various risks, including credit, market, operational, and compliance risks, within the dynamic banking and finance sector. You will play a key part in developing and implementing risk management frameworks, conducting risk assessments, and providing actionable insights to senior management. This hybrid role offers the benefit of collaborative team work alongside remote flexibility, supporting a culture of proactive risk management.

Key Responsibilities

• Identify, analyze, and quantify potential risks across different business areas.
• Develop and implement risk management strategies and mitigation plans.
• Monitor key risk indicators (KRIs) and prepare risk reports for management and regulatory bodies.
• Conduct regular risk assessments and stress testing of financial models and portfolios.
• Collaborate with business units to embed risk management principles into daily operations.
• Stay updated on industry best practices and regulatory changes related to risk management.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Minimum of 5 years of experience in risk analysis, financial analysis, or a related field within the financial services industry.
• Strong understanding of risk management principles, financial markets, and regulatory frameworks.
• Proficiency in statistical analysis, data modeling, and risk assessment tools.
• Excellent analytical, problem-solving, and communication skills.
• Experience with risk management software and data visualization tools is a plus.

Benefits

• Competitive salary and performance-related bonuses.
• Hybrid work model promoting work-life balance and flexibility.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and advanced training in risk management.
• A challenging and rewarding role within a reputable financial institution.