Senior Risk Analyst - Financial Institutions

Placements24; Vereeniging; On-site; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Salary and bonus

Medical & retirement

Growth opportunities

Challenging work environment

Diverse risk challenges

Certification support

Job summary

Placements24 in Vereeniging is seeking a Senior Risk Analyst to identify, assess, and mitigate risks across credit, market, operational, liquidity, and compliance domains within the financial sector.

The role focuses on developing risk management frameworks, conducting stress tests, and delivering strategic risk insights to senior leadership, while upholding regulatory standards such as Basel Accords and Solvency II.

Qualifications

• Master's degree preferred in a quantitative field.
• Minimum of 6 years of risk management experience in financial services or insurance.
• Strong understanding of Basel Accords and Solvency II.
• Proficiency in SAS, R or Python.
• Excellent analytical and communication skills.

Responsibilities

• Identify, assess, and monitor various risks (credit, market, operational, liquidity, compliance).
• Develop and implement risk policies, procedures, and controls.
• Conduct in-depth risk analysis and stress testing of portfolios and business units.
• Prepare risk reports and present findings to senior management and committees.
• Ensure compliance with financial regulations and best practices.
• Collaborate with departments to embed a strong risk culture.
• Develop and maintain risk models and KRIs.
• Monitor KRIs and advise on mitigation strategies.
• Stay updated on emerging risks and industry trends.
• Contribute to the risk appetite statement.

Skills

Risk management

Quantitative analysis

Regulatory knowledge

Basel Accords

SAS

R

Python

Communication

Stakeholder management

Education

Master's degree in Finance/ Economics/ Mathematics/ Statistics

Tools

SAS

R

Python

Job description

About the Role

Our client, a respected insurer providing specialized solutions to financial institutions, is seeking a highly analytical and experienced Senior Risk Analyst to join their dedicated team in Vereeniging, Gauteng . This role is integral to identifying, assessing, and mitigating the diverse range of risks faced by financial entities, including credit risk, market risk, operational risk, and compliance risk. The Senior Risk Analyst will play a key part in developing and implementing robust risk management frameworks, conducting detailed risk assessments, and providing strategic recommendations to senior management. The ideal candidate will possess a strong quantitative background, a deep understanding of financial services regulations, and excellent analytical and communication skills. This is an excellent opportunity to contribute to a leading organization in Vereeniging , shaping its risk management strategies and ensuring its continued stability and growth. We are looking for a proactive individual committed to upholding the highest standards of risk governance and contributing to informed decision-making within the financial sector.

Key Responsibilities

• Identify, assess, and monitor various risks (credit, market, operational, liquidity, compliance) within financial institutions.
• Develop and implement risk management policies, procedures, and controls.
• Conduct in-depth risk analysis and stress testing of financial portfolios and business units.
• Prepare comprehensive risk reports and present findings and recommendations to senior management and relevant committees.
• Ensure compliance with relevant financial regulations and industry best practices.
• Collaborate with different departments to embed a strong risk culture throughout the organization.
• Develop and maintain risk models and assessment tools.
• Monitor key risk indicators (KRIs) and advise on potential risk mitigation strategies.
• Stay abreast of emerging risks and industry trends affecting financial institutions.
• Contribute to the development and enhancement of the company's risk appetite statement.

Requirements

• AMaster's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field is preferred.
• Minimum of 6 years of experience in risk management, preferably within the financial services or insurance sector.
• Strong understanding of financial markets, banking operations, and insurance principles.
• In-depth knowledge of risk management frameworks (e.g., Basel Accords, SolvencyII).
• Proven experience with quantitative analysis, modeling, and data interpretation.
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong communication and presentation skills, with the ability to articulate complex risk concepts clearly.
• Proficiency in risk management software and tools (e.g., SAS, R, Python) is highly advantageous.
• Ability to work independently and collaboratively in a team environment.
• Relevant professional certifications (e.g., FRM, PRM) are a plus.

Benefits

• Competitive salary and performance-based bonus opportunities.
• Comprehensive medical aid, retirement fund, and other employee benefits.
• Significant opportunities for professional growth and development in the risk management field.
• A challenging and intellectually stimulating work environment in Vereeniging .
• Exposure to diverse financial risk management challenges.
• Support for professional certifications and continuing education.