Senior Risk Analyst (Insurance)

Placements24; Randburg; Hybrid; ZAR 900,000 - 1,400,000; Full time

Benefits offered by this job

Executive salary

Comprehensive medical aid and pension

Leadership development opportunities

Hybrid work arrangement

Job summary

Placements24 is seeking a highly analytical Senior Risk Analyst based in Randburg, Gauteng. You will lead enterprise-wide risk initiatives across market, credit, operational, and insurance domains within a sophisticated risk team.

The role requires 7+ years in risk, an advanced quantitative degree, and strong skills in statistical modeling, Python/R/SAS. You will influence stakeholders and help shape risk policies in a hybrid work setting.

Qualifications

• Minimum 7 years of experience in risk analysis or management within the insurance industry.
• Advanced degree in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• Strong knowledge of risk management principles, methodologies, and tools.
• Expertise in statistical modeling, data analysis, and financial risk assessment techniques.
• Proficiency in risk management software and data analysis tools (e.g., R, Python, SAS).
• Excellent analytical, problem-solving, and communication skills.
• Understanding of insurance products, operations, and regulatory requirements (e.g., Solvency II, IFRS 17).
• Ability to influence stakeholders and drive change.

Responsibilities

• Develop and implement enterprise-wide risk management frameworks and policies.
• Identify, analyze, and evaluate risks across market, credit, operational, and insurance domains.
• Design and conduct quantitative and qualitative risk assessments and stress tests.
• Develop and maintain risk models and KRIs.
• Monitor and report risk profiles to senior management and committees.
• Collaborate with business units to embed risk practices in daily operations.
• Advise on risk appetite and tolerance levels.
• Stay updated on regulatory changes and best practices.

Skills

Risk analysis

Statistical modeling

Data analysis

Python

R

SAS

Solvency II

IFRS 17

Education

Advanced degree in Finance, Economics, Statistics, Mathematics, or related quantitative field

Tools

Python

R

SAS

Job description

About the Role

Our client, a prominent insurance group, is seeking a highly analytical and experienced Senior Risk Analyst to join their sophisticated risk management team. This pivotal role, based in the business hub of Randburg, Gauteng , involves identifying, assessing, and mitigating a wide range of risks across the organization's insurance operations. You will play a crucial part in developing and implementing robust risk management frameworks, strategies, and policies to safeguard the company's financial health and regulatory compliance. The ideal candidate will possess strong quantitative skills, a deep understanding of risk modeling techniques, and extensive experience within the insurance sector. This is an outstanding opportunity to contribute to strategic decision-making and drive best practices in risk management for a respected leader in the insurance industry in the Randburg area.

Key Responsibilities

• Develop and implement enterprise-wide risk management frameworks and policies.
• Identify, analyze, and evaluate potential risks, including market, credit, operational, and insurance risks.
• Design and conduct quantitative and qualitative risk assessments and stress tests.
• Develop and maintain risk models and key risk indicators (KRIs).
• Monitor and report on the organization's risk profile to senior management and relevant committees.
• Collaborate with business units to embed risk management principles into daily operations.
• Advise on risk appetite and tolerance levels.
• Stay abreast of regulatory changes and industry best practices in risk management.
• Contribute to the development of risk mitigation strategies and contingency plans.
• Mentor junior risk analysts and support their professional development.

Requirements

• A minimum of 7 years of experience in risk analysis or management, with a significant focus on the insurance industry.
• Advanced degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field.
• Strong knowledge of risk management principles, methodologies, and tools.
• Expertise in statistical modeling, data analysis, and financial risk assessment techniques.
• Proficiency in risk management software and data analysis tools (e.g., R, Python, SAS).
• Excellent analytical, problem-solving, and critical thinking skills.
• Strong understanding of insurance products, operations, and regulatory requirements (e.g., Solvency II, IFRS 17).
• Exceptional communication and presentation skills, with the ability to convey complex information clearly.
• Proven ability to influence stakeholders and drive change.
• Must be based in or willing to relocate to Randburg, Gauteng .

Benefits

• Highly competitive executive salary and bonus structure.
• Comprehensive executive medical aid and retirement fund benefits.
• Significant opportunities for professional growth and leadership roles.
• Exposure to high-level strategic decision-making.
• Dynamic and intellectually stimulating work environment.
• Hybrid work arrangement for optimal balance.