Senior Risk Manager

Placements24; Mossel Bay; Hybrid; ZAR 900,000 - 1,300,000; Full time

Benefits offered by this job

Health insurance

Retirement savings plan

Generous annual leave

Professional development

Hybrid work flexibility

Networking opportunities

Employee assistance program

Job summary

Placements24 is seeking a Senior Risk Manager for its Mossel Bay office, offering a hybrid work model. The role focuses on identifying and mitigating market, credit, operational, and compliance risks, while developing robust risk frameworks and regulatory compliance processes.

The ideal candidate will have a Master’s in Finance or related field, 7+ years in risk management, and strong leadership and communication skills to guide a team of risk analysts and work with multiple departments.

Qualifications

• Master's degree in Finance, Economics, Mathematics, or related field.
• 7+ years in risk management within the financial services sector.
• Proven expertise in one or more risk areas (market, credit, operational, liquidity).
• Strong understanding of financial markets, instruments, and Basel regulatory frameworks.
• Proficiency in risk modeling techniques and quantitative analysis.
• Excellent analytical, problem-solving, and decision-making skills.

Responsibilities

• Develop, implement, and maintain risk management frameworks and policies.
• Identify, assess, and monitor key risks across the organization.
• Design and implement stress testing and scenario analysis programs.
• Oversee execution of risk mitigation strategies.
• Ensure compliance with financial regulations and reporting requirements.
• Present risk reports to senior management and the board.

Skills

Risk management

Risk modeling

Regulatory knowledge

Leadership

Quantitative analysis

Stakeholder communication

Education

Master's degree

FRM/PRM certification desirable

Job description

About the Role

About the Role Our client, a prominent financial services firm, is seeking a strategic and experienced Senior Risk Manager to join their team in Mossel Bay, Western Cape . This role is integral to identifying, assessing, and mitigating a broad spectrum of risks, including market risk, credit risk, operational risk, and compliance risk. You will be responsible for developing and implementing robust risk management frameworks, policies, and procedures. The ideal candidate will possess a deep understanding of financial regulations, quantitative analysis, and risk modeling. This hybrid role offers the flexibility of both office-based collaboration and remote work, allowing for a balanced approach to managing responsibilities. Your expertise will be crucial in safeguarding the company's assets and ensuring its continued stability and growth in a dynamic market environment.

Key Responsibilities

• Develop, implement, and maintain comprehensive risk management frameworks and policies.
• Identify, assess, and monitor key risks across the organization, including market, credit, operational, and liquidity risks.
• Design and implement stress testing and scenario analysis programs.
• Develop and oversee the execution of risk mitigation strategies.
• Ensure compliance with relevant financial regulations and reporting requirements.
• Prepare and present risk reports to senior management and the board of directors.
• Conduct risk assessments for new products, services, and business initiatives.
• Manage and mentor a team of risk analysts and specialists.
• Collaborate with various departments to embed a strong risk culture throughout the organization.
• Stay abreast of emerging risks and regulatory changes impacting the financial services industry.

Requirements

• Master's degree in Finance, Economics, Mathematics, or a related field; a professional risk management certification (e.g., FRM, PRM) is highly desirable.
• Minimum of 7 years of experience in risk management within the financial services sector.
• Proven expertise in one or more areas of risk (market, credit, operational, liquidity).
• Strong understanding of financial markets, instruments, and regulatory frameworks (e.g., Basel Accords).
• Proficiency in risk modeling techniques and quantitative analysis.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership and team management capabilities.
• Exceptional communication and presentation skills.
• Ability to work effectively in a hybrid work model, balancing autonomy with collaboration.
• Experience with regulatory bodies and compliance procedures.

Benefits

• An attractive annual salary package of up to ZAR.
• Potential for performance-based bonuses.
• Comprehensive health insurance coverage.
• Retirement savings plan.
• Generous annual leave and paid time off.
• Opportunities for professional development and continuing education.
• Hybrid work flexibility.
• Supportive and collaborative team environment.
• Access to industry conferences and networking events.
• Employee assistance program.