Senior Risk Analyst - Financial Lines

Placements24; Bloemfontein; On-site; ZAR 900,000 - 1,200,000; Full time

Benefits offered by this job

Competitive salary

Incentives

Medical aid

Retirement fund

Professional development

Job summary

Placements24 is seeking a Senior Risk Analyst to join our client’s team in Bloemfontein, Free State. You will identify, assess, and mitigate financial risks across operations and product lines, developing robust risk frameworks and models for strategic decision-making.

The role requires 5+ years in risk analysis with strong quantitative skills, experience in IFRS 17/Solvency II, and proficiency in Python/R/SAS and Excel.

Qualifications

• Bachelor's or Master's in a quantitative field such as Finance, Economics, Math or Statistics.
• 5+ years of experience in risk analysis, financial modeling, or related roles in financial services/insurance.
• Strong quantitative and analytical skills with proficiency in statistical software and Excel.
• Knowledge of Solvency II and IFRS 17 regulatory frameworks.
• Excellent report writing and presentation skills.

Responsibilities

• Identify, assess, and quantify financial risks across markets and portfolios.
• Develop, implement, and maintain risk management frameworks and policies.
• Conduct stress testing and scenario analysis to gauge impact of adverse events.
• Build and maintain risk models using quantitative techniques.
• Monitor exposures and ensure regulatory compliance and risk appetite.
• Prepare comprehensive risk reports for senior management and committees.
• Collaborate across departments to embed a strong risk culture.
• Stay updated on emerging risks and best practices.

Skills

Risk analysis

Statistical software

Excel

IFRS 17

Solvency II

Education

Bachelor's or Master's in Finance/Economics/Mathematics/Statistics

5+ years experience in risk analysis/financial modeling

Tools

Python

R

SAS

Excel

Job description

About the Role

Our client, a reputable insurance firm, is seeking a highly skilled Senior Risk Analyst to join their dedicated team in Bloemfontein, Free State . This critical role involves identifying, assessing, and mitigating financial risks across the company's operations and product portfolio. You will be responsible for developing and implementing risk management frameworks, conducting sophisticated risk modeling, and providing strategic insights to senior management to support informed decision-making. The ideal candidate will possess strong quantitative skills, a deep understanding of financial risk principles, and the ability to translate complex data into actionable recommendations to safeguard the company's assets and profitability.

Key Responsibilities

Identify, assess, and quantify financial risks, including market, credit, operational, and liquidity risks. Develop, implement, and maintain the company's risk management framework and policies. Conduct stress testing and scenario analysis to evaluate the impact of adverse events. Build and maintain risk models using statistical and quantitative techniques. Monitor risk exposures and ensure compliance with regulatory requirements and internal risk appetite. Prepare comprehensive risk reports and present findings to senior management and relevant committees. Collaborate with various departments to embed a strong risk culture throughout the organization. Propose risk mitigation strategies and monitor their effectiveness. Stay updated on emerging risks and best practices in financial risk management.

Requirements

A Bachelor's or Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field. A minimum of 5 years of experience in risk analysis, financial modeling, or a related role within the financial services or insurance industry. Strong quantitative and analytical skills, with proficiency in statistical software (e.g., R, Python, SAS) and Excel. Knowledge of financial markets, instruments, and risk management techniques. Understanding of regulatory frameworks relevant to the insurance industry (e.g., Solvency II, IFRS 17). Excellent report writing and presentation skills. Ability to work independently and manage multiple priorities effectively. Strong problem-solving skills and attention to detail.

Benefits

Our client offers a competitive salary, performance-based incentives, and a comprehensive benefits package, including medical aid, a retirement fund, and professional development support. The company culture values analytical rigor, collaboration, and continuous improvement. This role provides a significant opportunity for career growth within the financial risk domain, based in Bloemfontein, Free State .