About the Role
Our client, a prominent financial services institution with a significant presence in the insurance sector, is seeking a seasoned Senior Risk Manager to enhance their risk management capabilities. Based in Centurion, Gauteng, this role is critical for identifying, assessing, and mitigating a wide range of financial and operational risks across the organization. You will be responsible for developing and implementing robust risk management frameworks, policies, and procedures, ensuring compliance with regulatory requirements and industry best practices. The ideal candidate will possess extensive experience in enterprise risk management, a deep understanding of the financial services landscape, and strong leadership qualities. This is an opportunity to make a significant impact within a reputable organization that values strategic risk oversight.
Key Responsibilities
- Develop, implement, and maintain the enterprise-wide risk management framework, policies, and procedures.
- Identify, assess, and monitor key risks across all business units, including market, credit, operational, and compliance risks.
- Design and execute risk assessment methodologies, including risk control self-assessments (RCSAs) and scenario analysis.
- Develop and implement risk mitigation strategies and action plans in collaboration with business stakeholders.
- Prepare comprehensive risk reports for senior management, the board of directors, and regulatory bodies.
- Ensure compliance with relevant regulations and legislation governing the financial services and insurance industries.
- Lead and mentor a team of risk professionals, fostering a strong risk-aware culture throughout the organization.
- Conduct independent reviews of business processes and controls to ensure adequacy and effectiveness.
- Stay abreast of emerging risks, industry trends, and regulatory changes impacting the financial services sector.
Requirements
- A minimum of 7 years of progressive experience in risk management, preferably within the financial services or insurance sector.
- A relevant postgraduate degree in Finance, Risk Management, Business Administration, or a related field.
- Professional certifications such as CRM, FRM, or PRM are highly advantageous.
- In-depth knowledge of risk management principles, frameworks (e.g., COSO, ISO 31000), and regulatory requirements (e.g., Solvency II, Basel III if applicable).
- Proven experience in developing and implementing risk management strategies and conducting comprehensive risk assessments.
- Strong analytical, problem-solving, and decision-making abilities.
- Excellent leadership, communication, and stakeholder management skills.
- Ability to effectively manage a team and influence change across the organization.
- Familiarity with the Centurion, Gauteng business environment.
Benefits
- Our client offers a highly competitive salary and bonus structure, reflecting the seniority of the role.
- Employees benefit from a comprehensive package including executive medical aid, a generous provident fund, and ample annual leave.
- Professional development opportunities, including advanced training and conference attendance, are readily available.
- The hybrid work model allows for a blend of in-office collaboration and remote flexibility.
- You will work within a sophisticated risk management function, contributing to the strategic direction of a leading financial institution.