Senior Risk Manager - Financial Services

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

Benefits offered by this job

Salary plus performance-based bonuses

Health insurance

Retirement savings plan

Career development opportunities

Access to advanced analytics tools

Remote-friendly culture

Work from anywhere within South Africa

Job summary

Placements24 is seeking a Senior Risk Manager to lead the development and oversight of a comprehensive risk management framework in a remote-first setup across South Africa. You will identify, assess, and mitigate credit, market, operational, and compliance risks while ensuring regulatory alignment and resilience of the organization.

The role requires strong analytical capabilities, leadership experience, and knowledge of SA financial regulations.

Qualifications

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Professional certifications such as FRM, PRM, or CFA are highly advantageous.

Responsibilities

• Develop and oversee risk management strategies and policies.
• Identify, assess, and monitor credit, market, operational, liquidity, and strategic risks.
• Design and implement risk mitigation plans and controls.
• Conduct regular risk assessments and stress testing.
• Oversee preparation of risk reports for senior management and regulators.
• Lead and mentor risk analysts and specialists.
• Embed a strong risk culture across departments.

Skills

Analytical thinking

Problem solving

Decision making

Leadership

Education

Master's degree in Finance or related quantitative field

Job description

About the Role

Our client, a prominent financial services provider, is seeking an experienced Senior Risk Manager to join their fully remote operations. This critical position will be responsible for developing, implementing, and overseeing the organization's risk management framework. You will play a key role in identifying, assessing, and mitigating various risks, including credit risk, market risk, operational risk, and compliance risk. The ideal candidate possesses a strong analytical mindset, deep knowledge of financial regulations, and proven leadership capabilities in a remote setting. This role is essential for ensuring the financial health and stability of the organization, safeguarding assets, and maintaining regulatory compliance. You will have the autonomy to shape risk strategies and contribute significantly to the firm's resilience and long-term success. We embrace a remote-first culture, empowering our employees to work effectively from anywhere within the stipulated geographic scope.

Key Responsibilities

• Develop and execute comprehensive risk management strategies and policies aligned with business objectives and regulatory requirements.
• Identify, assess, and monitor key risks across the organization, including credit, market, operational, liquidity, and strategic risks.
• Design and implement risk mitigation plans and controls to reduce potential exposures.
• Conduct regular risk assessments and stress testing to evaluate the organization's resilience to adverse market conditions.
• Oversee the preparation of risk reports for senior management and regulatory bodies.
• Ensure compliance with all relevant financial regulations and industry best practices.
• Lead and mentor a team of risk analysts and specialists.
• Collaborate with various departments to embed a strong risk culture throughout the organization.
• Manage relationships with external auditors and regulatory agencies regarding risk matters.
• Stay current with emerging risks and evolving regulatory landscapes affecting the financial services industry.

Requirements

• Master's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Professional certifications such as FRM, PRM, or CFA are highly advantageous.
• Minimum of 7-10 years of experience in risk management within the financial services sector.
• In-depth knowledge of various risk types (credit, market, operational, etc.) and risk modeling techniques.
• Strong understanding of South African financial regulations (e.g., Banks Act, FAIS Act, etc.) and international standards.
• Proven experience in developing and implementing risk management frameworks and policies.
• Excellent analytical, problem-solving, and decision-making skills.
• Exceptional leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels.
• Proficiency in risk management software and tools, along with advanced data analysis capabilities.
• Demonstrated ability to work independently and manage complex projects in a remote environment.
• Must possess a reliable internet connection and a suitable home office setup.

Benefits

• Attractive salary package and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Retirement savings plan.
• Significant opportunities for professional development and career advancement.
• Access to advanced analytics tools and resources.
• A collaborative and supportive remote work culture.
• Flexibility to work from anywhere within South Africa.