Senior Risk Manager - Insurance Operations

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

Benefits offered by this job

Competitive salary

Performance bonus

Medical/dental/vision insurance

Pension contributions

Leadership development opportunities

Job summary

Placements24 partners with a leading financial services institution in Pretoria to appoint a Senior Risk Manager who will oversee risk operations within the insurance division. The role requires deep ERM expertise and a proven track record in risk governance at senior levels.

You will lead risk mitigation initiatives, advise senior management, and shape risk culture across the organization, contributing to resilient business operations in Gauteng.

Qualifications

• Master's degree or equivalent in Finance, Risk Management, Business Administration or a related field.
• Minimum 7 years of risk management experience, preferably in insurance or financial services.
• Proven experience in developing and implementing ERM frameworks.
• Strong knowledge of risk assessment methodologies, controls and mitigation techniques.

Responsibilities

• Develop, implement and maintain the enterprise risk management (ERM) framework.
• Identify, assess and monitor key risks across insurance operations.
• Design and implement risk mitigation strategies and controls.
• Conduct regular risk assessments and scenario analyses.
• Ensure compliance with financial services and insurance regulations.
• Develop and deliver risk management training to staff.
• Prepare risk reports for senior management and the board.
• Investigate and manage risk incidents and root causes.
• Collaborate with internal audit and compliance teams.
• Stay abreast of emerging risks and industry best practices.

Skills

ERM knowledge

Risk assessment

Leadership

Stakeholder management

Analytical thinking

Education

Master's degree in Finance/Risk Management/Business Administration

Tools

Risk management software

Data analytics tools

Job description

About the Role

Our client, a reputable financial services institution, is seeking a highly experienced Senior Risk Manager to oversee risk operations within their insurance division, based in Pretoria . This critical role involves identifying, assessing, and mitigating a wide range of risks, including operational, financial, compliance, and strategic risks. You will be responsible for developing and implementing robust risk management frameworks, policies, and procedures to safeguard the company's assets and reputation. The ideal candidate will possess a deep understanding of the insurance industry, strong analytical skills, and a proven track record in risk management. As a key member of the team, you will advise senior management on risk exposures and contribute to strategic decision-making. This position offers a significant opportunity to influence risk culture and governance within a leading organization in Gauteng . The role is designed for an individual who thrives in a challenging environment and is passionate about building resilient business operations.

Key Responsibilities

• Develop, implement, and maintain the enterprise risk management (ERM) framework.
• Identify, assess, and monitor key risks across insurance operations.
• Design and implement risk mitigation strategies and controls.
• Conduct regular risk assessments and scenario analyses.
• Ensure compliance with relevant financial services and insurance regulations.
• Develop and deliver risk management training to staff.
• Prepare comprehensive risk reports for senior management and the board.
• Investigate and manage risk incidents, including root cause analysis.
• Collaborate with internal audit and compliance teams.
• Stay abreast of emerging risks and industry best practices.

Requirements

• Master's degree in Finance, Risk Management, Business Administration, or a related field.
• Minimum of 7 years of experience in risk management, preferably within the insurance or financial services sector.
• Proven experience in developing and implementing ERM frameworks.
• Strong understanding of risk assessment methodologies, controls, and mitigation techniques.
• In-depth knowledge of insurance products, operations, and regulatory landscape.
• Excellent analytical, problem-solving, and decision-making skills.
• Strong leadership, communication, and stakeholder management abilities.
• Professional certifications such as CRM, FRM, or PRM are advantageous.
• Proficiency in risk management software and data analytics tools.

Benefits

• Highly competitive salary and performance-based bonus.
• Comprehensive medical, dental, and vision insurance.
• Generous pension fund contributions.
• Excellent opportunities for professional development and leadership training.
• A dynamic and collaborative work environment in Pretoria .
• Significant impact on the organization's risk strategy and resilience.