Senior Risk Management Analyst

Placements24; Stellenbosch; Hybrid; ZAR 900,000 - 1,400,000; Part time

Benefits offered by this job

Competitive compensation

Bonuses on performance

Comprehensive health insurance

Retirement savings plans

Generous annual leave

Hybrid work model

Professional development

Job summary

Placements24 invites applications for a Senior Risk Management Analyst role based in Stellenbosch, Western Cape, SA. The position blends in-office collaboration with remote work to support a robust risk framework across our financial services client in insurance.

The successful candidate will identify, quantify, and mitigate risks; develop policies and procedures; implement KRIs/KPIs; and report to senior management while collaborating with multiple departments to strengthen regulatory

Qualifications

• Bachelor's degree in Finance, Economics, Statistics, Risk Management or a related quantitative field.
• Minimum of 6 years of experience in risk management, preferably within the insurance or financial services industry.
• In-depth knowledge of risk assessment methodologies, statistical modeling, and risk mitigation techniques.
• Strong understanding of regulatory requirements (e.g., Solvency II, Basel Accords) applicable to insurance companies.
• Excellent analytical, problem-solving, and critical thinking skills.

Responsibilities

• Identify, assess, and quantify potential risks (financial, operational, strategic, compliance) facing the organization.
• Develop, implement, and maintain comprehensive risk management policies, procedures, and frameworks.
• Conduct regular risk assessments and audits to ensure compliance with internal standards and external regulations.
• Design and monitor key risk indicators (KRIs) and key performance indicators (KPIs) for risk management.
• Develop and execute risk mitigation strategies and action plans.
• Prepare detailed risk reports and present findings and recommendations to senior management and relevant committees.
• Collaborate with various departments to integrate risk management principles into their operational processes.
• Stay updated on industry best practices, emerging risks, and regulatory changes relevant to the insurance sector.
• Facilitate risk management training and awareness programs across the organization.
• Manage and maintain the organization's risk register.

Skills

Risk assessment

Statistical modeling

Analytical thinking

Stakeholder communication

Time management

Education

Bachelor's degree in Finance/Economics/Statistics/Risk Management

Tools

Risk management software

Excel

Job description

About the Role

Our client, a distinguished financial services firm specializing in insurance, is seeking a highly skilled Senior Risk Management Analyst for their Stellenbosch, Western Cape, ZA operations. This role is integral to identifying, assessing, and mitigating potential risks across the organization, ensuring financial stability and compliance. The successful candidate will play a key role in developing and implementing robust risk management frameworks, policies, and procedures. This position offers a hybrid work arrangement, blending essential in-office collaboration with the flexibility of remote work, allowing for optimal balance and productivity. You will contribute significantly to maintaining the integrity and security of our client's operations and assets.

Key Responsibilities

• Identify, assess, and quantify potential risks (financial, operational, strategic, compliance) facing the organization.
• Develop, implement, and maintain comprehensive risk management policies, procedures, and frameworks.
• Conduct regular risk assessments and audits to ensure compliance with internal standards and external regulations.
• Design and monitor key risk indicators (KRIs) and key performance indicators (KPIs) for risk management.
• Develop and execute risk mitigation strategies and action plans.
• Prepare detailed risk reports and present findings and recommendations to senior management and relevant committees.
• Collaborate with various departments to integrate risk management principles into their operational processes.
• Stay updated on industry best practices, emerging risks, and regulatory changes relevant to the insurance sector.
• Facilitate risk management training and awareness programs across the organization.
• Manage and maintain the organization's risk register.

Requirements

• Bachelor's degree in Finance, Economics, Statistics, Risk Management, or a related quantitative field.
• Minimum of 6 years of experience in risk management, preferably within the insurance or financial services industry.
• In-depth knowledge of risk assessment methodologies, statistical modeling, and risk mitigation techniques.
• Strong understanding of regulatory requirements (e.g., Solvency II, Basel Accords) applicable to insurance companies.
• Excellent analytical, problem-solving, and critical thinking skills.
• Proficiency in risk management software and tools, as well as advanced Excel skills.
• Strong communication, presentation, and interpersonal skills, with the ability to influence stakeholders at all levels.
• Experience working in a hybrid environment, demonstrating effective time management and collaboration skills.
• Familiarity with the Stellenbosch, Western Cape, ZA business environment is advantageous.
• Relevant professional certifications (e.g., PRM, FRM) are highly desirable.

Benefits

• Our client offers a competitive salary package, commensurate with experience and qualifications.
• Performance-based bonuses are available.
• Comprehensive health insurance and retirement savings plans are provided.
• Generous annual leave and other paid time off are included.
• Opportunities for continuous professional development, including advanced training and certifications, are supported.
• The hybrid work model provides flexibility and work-life balance.
• You will be part of a collaborative and professional team environment within a reputable organization.
• Opportunities for career advancement are significant.