Senior Risk Manager

Placements24; Durban; Hybrid; ZAR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Annual bonus

Medical benefits

Retirement benefits

Professional development

Job summary

Placements24 in Durban, KwaZulu-Natal, seeks a Senior Risk Manager to strengthen the enterprise risk framework across all operations. The role emphasizes identifying, assessing, and mitigating financial, operational, and reputational risks while ensuring regulatory compliance.

The successful candidate will lead risk governance, collaborate with senior management, and promote a robust risk culture within the organization.

Qualifications

• Master's degree in Finance, Accounting, Business Administration, or related field.
• Minimum 6 years in risk management within banking/finance.
• Knowledge of Basel accords and regulatory requirements.
• Experience with risk management software/tools.

Responsibilities

• Develop and maintain enterprise risk management framework.
• Identify, assess, monitor key risks (credit, market, operational, liquidity).
• Design and implement mitigation strategies and controls.
• Conduct risk assessments and report to senior management.
• Ensure regulatory compliance and best practices.
• Deliver risk training programs to staff.
• Investigate incidents and recommend corrective actions.
• Collaborate with auditors on risk-related matters.

Skills

Analytical skills

Communication skills

Stakeholder management

Risk management

Education

Master's degree

Job description

About the Role

Our client, a prominent financial services group, is seeking an accomplished Senior Risk Manager to join their esteemed team in Durban, KwaZulu-Natal. This role is crucial for overseeing and strengthening the organization's risk management framework across all operational facets. You will be responsible for identifying, assessing, and mitigating various risks, including financial, operational, and reputational risks, ensuring compliance with regulatory standards and internal policies. The ideal candidate will possess a strong analytical background, a comprehensive understanding of risk management principles, and proven experience in a similar role within the financial sector. This position offers a significant opportunity to shape risk governance and contribute to the stability and growth of the company. You will work closely with senior management and various departments to embed a robust risk culture throughout the organization. The ability to communicate complex risk issues clearly and effectively to diverse audiences is essential for this role. We seek a proactive and diligent professional committed to maintaining the highest standards of risk oversight.

Key Responsibilities

• Develop, implement, and maintain the enterprise-wide risk management framework.
• Identify, assess, and monitor key risks, including credit, market, operational, and liquidity risks.
• Design and implement risk mitigation strategies and controls.
• Conduct regular risk assessments and audits, reporting findings to senior management and the board.
• Ensure compliance with relevant regulations and industry best practices.
• Develop and deliver risk management training programs to staff.
• Investigate and report on incidents and near misses, recommending corrective actions.
• Collaborate with internal and external auditors on risk-related matters.

Requirements

• Master's degree in Finance, Accounting, Business Administration, or a related field.
• Minimum of 6 years of experience in risk management, preferably within the banking or financial services industry.
• In-depth knowledge of risk management principles, methodologies, and regulatory requirements (e.g., Basel accords).
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Excellent communication, interpersonal, and presentation skills.
• Proven ability to manage projects and influence stakeholders at all levels.
• Experience with risk management software and tools.
• Professional certifications such as FRM or PRM are advantageous.

Benefits

• Competitive remuneration package including annual bonus.
• Comprehensive medical and retirement benefits.
• Opportunities for career advancement and professional development.
• Exposure to diverse financial products and services.
• Supportive and dynamic work environment in Durban .
• Potential for hybrid work arrangements for optimal work-life integration.
• Regular professional networking events.