Senior Risk Manager - Insurance

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

Benefits offered by this job

Health insurance

Retirement plan

Professional development

Hybrid work

Job summary

Placements24 is seeking a highly experienced Senior Risk Manager to oversee risk management strategies from its Upington office. The role requires expertise in COSO and ISO 31000, with a strong focus on insurance regulations in South Africa.

The position supports a hybrid work model, balancing office presence in Upington with remote capability. Ideal candidates will bring 7–10 years of risk leadership and professional certifications in risk management.

Qualifications

• Master's degree in Finance, Economics, Risk Management, or related field.
• 7-10 years of progressive risk management experience, preferably in insurance or financial services.
• Experience with COSO and ISO 31000 frameworks.
• Strong knowledge of SA regulatory environment for insurance.
• Excellent analytical, problem-solving, and decision-making skills.
• Professional certifications such as CRM, FRM, PRM desirable.

Responsibilities

• Develop and manage comprehensive risk management strategies and policies.
• Identify, assess, and prioritize risks across the organization.
• Design and implement risk mitigation plans and controls.
• Monitor risk exposures and ensure regulatory compliance.
• Maintain risk registers and incident reporting systems.
• Oversee business continuity and disaster recovery planning.
• Collaborate to embed a strong risk culture across the organization.
• Provide expert guidance on risk-related matters to stakeholders.

Skills

Risk management

Leadership

Regulatory compliance

COSO ISO 31000

Education

Master's in Finance

Tools

Risk management software

Job description

About the Role

Our client, a prominent player in the insurance sector, is seeking a highly experienced Senior Risk Manager to oversee risk management strategies and operations from their office in **Upington, Northern Cape**. This critical role involves identifying, assessing, and mitigating potential risks that could impact the company's financial stability and operational efficiency. The ideal candidate will possess a deep understanding of risk management frameworks, regulatory compliance, and the specific risks inherent in the insurance industry. This position offers a hybrid work arrangement, allowing for focused work at the **Upington** office combined with remote flexibility. Join a company dedicated to safeguarding its assets and ensuring sustainable growth within the **Northern Cape, ZA**.

Key Responsibilities

• Develop, implement, and manage comprehensive risk management strategies and policies.
• Identify, assess, and prioritize potential risks across the organization, including market, credit, operational, and compliance risks.
• Design and implement risk mitigation plans and controls.
• Monitor and analyze risk exposures, ensuring compliance with regulatory requirements in **South Africa**.
• Conduct regular risk assessments and audits, providing reports to senior management and the board.
• Develop and maintain risk registers and incident reporting systems.
• Oversee the company's business continuity and disaster recovery planning.
• Collaborate with various departments to embed a strong risk culture throughout the organization.
• Stay abreast of emerging risks and industry best practices in risk management.
• Provide expert guidance on risk-related matters to stakeholders across the company, including those in **Upington**.

Requirements

• A Master's degree in Finance, Economics, Risk Management, or a related field.
• A minimum of 7-10 years of progressive experience in risk management, preferably within the insurance or financial services industry.
• Proven expertise in developing and implementing robust risk management frameworks (e.g., COSO, ISO 31000).
• Strong understanding of insurance operations, products, and the regulatory environment in **South Africa**.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership, communication, and influencing abilities.
• Proficiency in risk management software and tools.
• Ability to work effectively in a hybrid work environment, balancing office-based and remote responsibilities.
• Professional certifications such as CRM, FRM, PRM, or equivalent are highly desirable.
• Commitment to maintaining a high level of integrity and ethical conduct.

Benefits

• A highly competitive annual salary of ZAR .
• Potential for significant annual bonuses based on performance.
• Comprehensive health insurance and retirement planning benefits.
• Opportunities for professional development, advanced certifications, and conference attendance.
• A flexible hybrid work arrangement that promotes work-life balance.
• A challenging and rewarding role within a leading **South African** insurance firm based in **Upington**.
• Contribute to the long-term stability and success of the company.
• Influence strategic decisions impacting the **Northern Cape** region and beyond.