Senior Risk Analyst - Financial Services

Placements24; Vereeniging; On-site; ZAR 850,000 - 1,400,000; Full time

Benefits offered by this job

Salary bonus

Health insurance

Pension fund

Professional development

Advanced analytics tools

Work-life balance

Job summary

Placements24 is seeking a Senior Risk Analyst for our client in Vereeniging. The role focuses on identifying, assessing, and mitigating financial and operational risks across the organization, developing robust risk management frameworks, and implementing effective controls.

Strong quantitative skills and regulatory understanding are essential. You will work with finance, operations, and compliance teams to embed risk practices, conduct stress tests, and provide management with actionable risk

Qualifications

• Master's degree or equivalent quantitative field.
• 5–7 years in risk analysis within financial services.
• Strong knowledge of financial markets and regulatory frameworks.
• Experience with risk modeling techniques and data mining tools.

Responsibilities

• Identify, assess, and quantify financial and operational risks across the organization.
• Develop and implement risk management frameworks, policies, and procedures.
• Conduct risk assessments and stress testing for adverse scenarios.
• Design and monitor KRIs and early warning systems.
• Prepare risk reports for senior management and committees.

Skills

Analytical skills

Risk analysis

Regulatory knowledge

Communication skills

Problem solving

Education

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

Tools

R

Python

SAS

Job description

About the Role

Our client, a prominent financial services institution based in Vereeniging , is seeking a highly analytical and experienced Senior Risk Analyst . This is a demanding role focused on identifying, assessing, and mitigating various financial and operational risks across the organization. You will play a crucial role in safeguarding the company's assets and reputation by developing robust risk management frameworks and implementing effective control measures. This position requires a deep understanding of financial markets, regulatory requirements, and risk modeling techniques. The ideal candidate will possess strong quantitative skills, excellent communication abilities, and a meticulous attention to detail. You will work closely with cross-functional teams, including finance, operations, and compliance, to ensure a comprehensive approach to risk management. Join a forward-thinking company committed to maintaining the highest standards of integrity and stability in the financial services industry. This is an exceptional opportunity for a seasoned professional to contribute significantly to risk mitigation efforts within a respected organization.

Key Responsibilities

• Identify, assess, and quantify key financial and operational risks across the organization.
• Develop and implement advanced risk management frameworks, policies, and procedures.
• Conduct regular risk assessments and stress testing to evaluate the impact of potential adverse scenarios.
• Design and monitor key risk indicators (KRIs) and implement early warning systems.
• Collaborate with business units to embed risk management practices into daily operations.
• Prepare comprehensive risk reports and present findings and recommendations to senior management and relevant committees.
• Ensure compliance with all relevant regulatory requirements (e.g., Basel accords, local financial regulations).
• Develop and maintain risk models and methodologies for various risk types (e.g., credit risk, market risk, operational risk).
• Provide training and guidance to staff on risk management principles and best practices.
• Stay abreast of emerging risks and industry best practices in financial risk management.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5-7 years of relevant experience in risk analysis within the financial services sector.
• Strong understanding of financial instruments, markets, and regulatory frameworks.
• Proficiency in risk modeling techniques, statistical analysis, and data mining tools (e.g., R, Python, SAS).
• Excellent analytical, problem-solving, and critical thinking skills.
• Superior communication and presentation skills, with the ability to articulate complex risk concepts to diverse audiences.
• Proven ability to work independently and manage multiple priorities in a fast-paced environment.
• Experience with regulatory reporting requirements is essential.
• Professional certifications such as FRM or PRM are a significant advantage.
• Meticulous attention to detail and a strong commitment to accuracy.

Benefits

• Competitive salary and performance-based bonus structure.
• Comprehensive health, dental, and vision insurance.
• Generous pension fund contributions.
• Opportunities for professional development and continuing education.
• Access to advanced analytical tools and technologies.
• A dynamic and challenging work environment in the heart of Vereeniging .
• Employee assistance program.
• Paid annual leave and public holidays.
• Life insurance and long-term disability coverage.
• Commitment to work-life balance and employee well-being.