Senior Risk Manager

Placements24; Johannesburg; Hybrid; ZAR 1,000,000 - 1,800,000; Full time

Benefits offered by this job

Performance bonuses

Medical aid

Retirement fund

Hybrid work arrangement

Professional development

Job summary

Placements24 in South Africa seeks a Senior Risk Manager to oversee and enhance the enterprise risk framework in the Banking & Finance sector. You will identify, assess, and mitigate risks while developing robust policies and conducting stress tests.

Based in Klerksdorp with a hybrid work setup, the role requires leadership, strong analytics, and deep knowledge of SARB regulations to protect assets and reputation and drive sustainable growth.

Job description

About the Role

Our client, a prominent financial institution in Klerksdorp, North West, is seeking a strategic Senior Risk Manager to oversee and enhance its risk management framework. This vital role involves identifying, assessing, and mitigating a wide range of financial and operational risks to protect the organization's assets and reputation. You will be responsible for developing robust risk policies, conducting stress testing, and ensuring compliance with regulatory requirements within the Banking & Finance industry. The ideal candidate will possess strong analytical acumen, leadership capabilities, and a comprehensive understanding of risk management principles and practices. This position offers the opportunity to play a key role in safeguarding the institution's stability and growth, working within a challenging and rewarding environment.

Key Responsibilities

• Develop, implement, and maintain the organization's enterprise-wide risk management framework.
• Identify, assess, and quantify key risks across various business units, including credit, market, operational, and liquidity risks.
• Design and conduct stress testing and scenario analysis to evaluate the impact of adverse events.
• Develop and implement risk mitigation strategies and control measures.
• Monitor key risk indicators (KRIs) and report on the overall risk profile to senior management and the board.
• Ensure compliance with all relevant regulatory requirements and industry best practices related to risk management.
• Lead and mentor a team of risk analysts and professionals.
• Collaborate with different departments to integrate risk management into business decision-making processes.
• Stay abreast of emerging risks and industry trends, proactively adapting the risk framework as necessary.
• Manage relationships with external auditors and regulators on risk-related matters.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 7 years of progressive experience in risk management, preferably within the Banking & Finance sector.
• Strong understanding of various risk types (credit, market, operational, liquidity) and their measurement methodologies.
• Proven experience in developing and implementing risk management frameworks, policies, and procedures.
• Proficiency in risk modeling techniques and software (e.g., R, Python, SAS).
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management capabilities.
• Excellent communication and presentation skills, with the ability to convey complex risk concepts effectively.
• Knowledge of relevant South African financial regulations (e.g., SARB regulations).
• Commitment to ethical conduct and risk mitigation, working from our Klerksdorp, North West office.

Benefits

Our client provides a competitive salary package, including performance bonuses, medical aid, and a retirement fund. Employees receive opportunities for continuous professional development, including training and support for certifications. The hybrid work arrangement offers a balance between in-office collaboration and remote flexibility. This role is based in Klerksdorp and offers significant career advancement potential within a respected financial institution committed to robust risk management practices.