Senior Risk Analyst - Insurance Operations

Placements24; Richards Bay; Sur place; ZAR 700 000 - 1 200 000; Plein temps

Avantages offerts par ce poste

Competitive salary with performance‑in

Medical aid and pension fund

Professional development support

Exposure to diverse risk landscape

Wellness initiatives in Richards Bay

Résumé du poste

Placements24 is seeking a highly analytical Senior Risk Analyst to join the Richards Bay team. The role focuses on identifying and mitigating operational risks, developing risk frameworks, and delivering strategic insights to senior management for resilience and compliance.

The ideal candidate has a strong quantitative background, clear communication skills, and a proactive approach to risk identification within the South African financial services landscape.

Qualifications

• Master's degree preferred in Finance, Economics, Statistics, Mathematics, or related quantitative field.
• Minimum 5 years in operational risk management, preferably in SA insurance/financial services.
• Strong understanding of COSO, Basel II/III risk frameworks.
• Advanced analytical, quantitative, and problem-solving skills.
• Proficiency with data analysis tools (SQL, Python, R).
• Excellent report writing and presentation skills.
• Ability to work independently and manage multiple priorities.
• Strong understanding of insurance operations and processes.
• FRM or PRM certifications advantageous.

Responsabilités

• Identify, assess, and monitor operational risks across all business functions.
• Develop and maintain the operational risk management framework for the company.
• Conduct risk assessments, scenario analyses, and stress testing.
• Design KRIs and KPIs to track risk levels.
• Investigate risk events, analyze root causes, propose corrective actions.
• Develop and deliver risk management training and awareness programs.
• Ensure regulatory compliance and align with industry best practices.
• Prepare risk reports for senior management and committees.
• Collaborate with internal audit and compliance teams for cohesive risk management.
• Stay updated on emerging risks and industry trends.

Connaissances

Quantitative skills

Analytical ability

Data analysis

SQL

Python

R

Report writing

Presentation skills

Stakeholder engagement

Attention to detail

Formation

Master's degree

Quantitative field

Outils

SQL

Python

R

Excel

Description du poste

About the Role

Our client, a prominent player in the insurance industry, is seeking a highly analytical Senior Risk Analyst to join their operations team based in Richards Bay, KwaZulu-Natal . This role is integral to identifying, assessing, and mitigating operational risks across the business. The successful candidate will be responsible for developing and implementing robust risk management frameworks, conducting risk assessments, and providing strategic insights to senior management to ensure business resilience and compliance. We are looking for an individual with a strong quantitative background, excellent analytical skills, and a proactive approach to risk identification. This is a critical position that supports the sustained growth and stability of our client's operations. The ideal candidate will possess a deep understanding of operational risk methodologies and a commitment to best practices within the South African financial services sector. You will play a key role in fostering a strong risk-aware culture throughout the organization. Your expertise will be vital in safeguarding the company's assets and reputation. The role requires meticulous attention to detail and the ability to translate complex risk data into actionable business strategies.

Key Responsibilities

• Identify, assess, and monitor operational risks across all business functions.
• Develop, implement, and maintain the company's operational risk management framework.
• Conduct regular risk assessments, scenario analyses, and stress testing.
• Design and implement key risk indicators (KRIs) and key performance indicators (KPIs) to track risk levels.
• Investigate risk events, analyze root causes, and recommend corrective actions.
• Develop and deliver risk management training and awareness programs to staff.
• Ensure compliance with regulatory requirements and industry best practices related to operational risk.
• Prepare comprehensive risk reports for senior management and relevant committees.
• Collaborate with internal audit and compliance teams to ensure a cohesive risk management approach.
• Stay abreast of emerging risks and industry trends impacting the insurance sector.

Requirements

• A Master's degree in Finance, Economics, Statistics, Mathematics, or a related quantitative field is preferred.
• A minimum of 5 years of experience in operational risk management, preferably within the insurance or financial services industry in South Africa .
• Strong understanding of risk management frameworks (e.g., COSO, Basel II/III).
• Advanced analytical, quantitative, and problem-solving skills.
• Proficiency in data analysis tools and techniques (e.g., SQL, Python, R).
• Excellent report writing and presentation skills.
• Ability to work independently and manage multiple priorities effectively.
• Strong understanding of insurance operations and business processes.
• Professional certifications such as FRM or PRM are advantageous.
• Excellent communication and interpersonal skills to effectively engage with stakeholders at all levels.

Benefits

• Our client offers a competitive salary package with performance-based incentives.
• Comprehensive medical aid, a generous pension fund, and annual leave are included.
• Opportunities for professional development, including support for advanced certifications and further education, are readily available.
• You will be part of a forward-thinking team dedicated to operational excellence.
• The role provides exposure to a wide range of risks, fostering significant professional growth.
• We promote a healthy work-life balance and offer various employee wellness initiatives in Richards Bay, KwaZulu-Natal .
• Chance to influence risk strategy across the organization.