Senior Risk Manager

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

Benefits offered by this job

Hybrid work environment

Career growth opportunities

Health and wellness benefits

Retirement fund opportunities

Job summary

Placements24 in Paarl, Western Cape, seeks a Senior Risk Manager to lead the design, implementation, and oversight of enterprise-wide risk management frameworks. You will identify, assess, and mitigate credit, market, operational, liquidity, and strategic risks.

You will lead a team of risk professionals, ensuring regulatory compliance and robust governance. The role emphasizes shaping risk culture and partnering with business units for sound decision-making.

Qualifications

• Master's degree in Finance, Risk Management, Economics, or related quantitative field.
• At least 8 years of progressive risk management experience in financial services.
• Strong regulatory knowledge (Basel Accords, Solvency II) and ERM experience.

Responsibilities

• Develop, implement, and maintain the organization's enterprise-wide risk management (ERM) framework.
• Identify, assess, and prioritize key risks facing the organization, including credit, market, operational, liquidity, and strategic risks.
• Design and implement risk mitigation strategies and action plans.
• Monitor risk exposures and ensure compliance with regulatory requirements and internal policies.
• Conduct regular risk assessments and stress testing exercises.
• Develop and deliver risk management training and awareness programs across the organization.
• Prepare comprehensive risk reports for senior management and the board of directors.
• Collaborate with business units to embed risk management principles into their processes and decision-making.
• Lead and mentor a team of risk professionals.
• Stay abreast of emerging risk trends and best practices in the financial industry.

Skills

ERM development

Risk assessment

Leadership

Regulatory knowledge

Analytical skills

Communication

Team management

Education

Master's degree in Finance, Risk Management, Economics, or related field

Tools

Risk software

Job description

About the Role

Our client, a leading financial services provider, is seeking a highly experienced Senior Risk Manager to join their esteemed division in Paarl, Western Cape. This pivotal role involves the development, implementation, and oversight of comprehensive risk management frameworks across the organization. You will be responsible for identifying, assessing, and mitigating a wide range of risks, including credit, market, operational, and strategic risks. The ideal candidate will possess a strong analytical acumen, a deep understanding of regulatory requirements and proven leadership capabilities. This position offers an excellent opportunity to shape the risk culture and strategy of a respected financial institution. You will collaborate closely with various departments to ensure robust risk governance and contribute to sound business decision-making within Paarl, Western Cape. This role requires a proactive approach to risk identification and mitigation.

Key Responsibilities

• Develop, implement, and maintain the organization's enterprise-wide risk management (ERM) framework.
• Identify, assess, and prioritize key risks facing the organization, including credit, market, operational, liquidity, and strategic risks.
• Design and implement risk mitigation strategies and action plans.
• Monitor risk exposures and ensure compliance with regulatory requirements and internal policies.
• Conduct regular risk assessments and stress testing exercises.
• Develop and deliver risk management training and awareness programs across the organization.
• Prepare comprehensive risk reports for senior management and the board of directors.
• Collaborate with business units to embed risk management principles into their processes and decision-making.
• Lead and mentor a team of risk professionals.
• Stay abreast of emerging risk trends and best practices in the financial industry.

Requirements

• Master's degree in Finance, Risk Management, Economics, or a related quantitative field.
• Minimum of 8 years of progressive experience in risk management within the financial services industry.
• In-depth knowledge of risk management principles, methodologies, and regulatory frameworks (e.g., Basel Accords, Solvency II).
• Proven experience in developing and implementing ERM frameworks.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication, presentation, and interpersonal skills.
• Demonstrated leadership and team management capabilities.
• Proficiency in risk management software and tools.
• Experience in credit risk, market risk, or operational risk assessment and management.
• Professional certifications such as FRM or PRM are a strong advantage.

Benefits

• Competitive annual salary package, with an earning potential of up to R .
• Performance-based bonuses and incentives.
• Comprehensive health and wellness benefits.
• Retirement fund and investment opportunities.
• A hybrid work environment offering flexibility and collaboration.
• Significant opportunities for professional growth and career advancement.
• Key role in risk governance for operations in Paarl, Western Cape.