Senior Risk Analyst - Financial Lines

Placements24; Klerksdorp; On-site; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Competitive salary package

Annual performance-based bonus

Medical aid and retirement fund

Job summary

Placements24 is seeking a highly analytical Senior Risk Analyst to join our client, a leading insurance company in Klerksdorp, North West. You will identify, assess and mitigate risks across financial lines, develop risk management frameworks, and report findings to senior management.

The role requires strong knowledge of COSO and ISO 31000, excellent analytical and communication skills, and the ability to work both independently and with cross-functional teams on site.

Qualifications

• Degree in Finance, Economics, Risk Management or related field.
• Minimum 5 years of risk analysis or management experience.
• Strong knowledge of financial lines insurance products and risks.
• Familiarity with COSO and ISO 31000 frameworks.

Responsibilities

• Identify, assess, and monitor risks across financial lines insurance products.
• Develop and maintain risk management frameworks and policies.
• Conduct risk assessments including scenario analysis and stress testing.
• Prepare risk reports for senior management and committees.
• Collaborate with business units to implement mitigation plans.
• Ensure regulatory compliance and risk culture across the organization.

Skills

Financial risk

Risk management

COSO/ISO 31000

Analytical thinking

Communication

Education

Bachelor's degree in Finance/Economics/Risk Management

Tools

Risk management software

Data analysis tools

Job description

About the Role

Our client, a reputable insurance company, is seeking a highly analytical and experienced Senior Risk Analyst to join their team in Klerksdorp, North West. This role is crucial for identifying, assessing, and mitigating various risks across the company's financial lines of business. The successful candidate will be responsible for developing and implementing risk management strategies, conducting risk assessments, and providing insightful reports to senior management. This is a significant opportunity for a seasoned risk professional to make a tangible impact within a well-established organization in Klerksdorp, North West. The role requires a strong understanding of financial regulations and risk frameworks, combined with excellent analytical and communication skills. This position is office-based to ensure seamless collaboration with cross-functional teams and direct access to operational data.

Key Responsibilities

• Identify, assess, and monitor key risks associated with financial lines insurance products and operations.
• Develop, implement, and maintain robust risk management frameworks and policies.
• Conduct regular risk assessments, including scenario analysis and stress testing.
• Analyze risk data to identify trends, patterns, and potential areas of concern.
• Prepare comprehensive risk reports and presentations for senior management and relevant committees.
• Collaborate with business units to implement risk mitigation strategies and action plans.
• Ensure compliance with regulatory requirements and industry best practices related to risk management.
• Contribute to the development and maintenance of the company's risk appetite statement.
• Stay abreast of emerging risks and industry trends impacting the financial services sector.
• Promote a strong risk culture throughout the organization.

Requirements

• A relevant degree in Finance, Economics, Risk Management, or a related field.
• Minimum of 5 years of experience in risk analysis or management, preferably within the insurance or financial services industry.
• In-depth knowledge of financial lines insurance products (e.g., D&O, PI, Cyber) and their associated risks.
• Strong understanding of risk management frameworks (e.g., COSO, ISO 31000) and regulatory requirements.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in risk management software and data analysis tools.
• Strong written and verbal communication skills, with the ability to present complex information clearly.
• Ability to work independently and collaboratively in a team environment.
• Attention to detail and a commitment to accuracy.
• Experience in Klerksdorp, North West or willingness to relocate is essential.

Benefits

• Competitive salary package aligned with experience and expertise.
• Annual performance-based bonus opportunities.
• Comprehensive medical aid and retirement fund benefits.
• Opportunities for professional development and certifications.
• Stable and secure employment within a leading financial institution.
• A supportive and professional work environment.
• Access to advanced risk management tools and training.
• Generous leave entitlement.
• Pension fund contributions.
• Collaborative team culture with opportunities for cross-departmental interaction.