Senior Risk Manager - Insurance Operations

Placements24; Stellenbosch; Hybrid; ZAR 1,200,000 - 2,000,000; Full time

Benefits offered by this job

Highly competitive executive-level pay

Fully remote work arrangement

Health, dental, and vision insurance

Retirement savings plan contributions

Professional development opportunities

Chance to shape risk strategy

Collaborative remote work environment

Job summary

Placements24 is seeking a Senior Risk Manager for a fully remote role in the insurance sector, with Stellenbosch region experience considered advantageous. You will develop, implement, and oversee enterprise risk management across the company’s insurance operations, collaborating with global teams to embed a strong risk culture.

The ideal candidate has 7+ years in risk management, ERM expertise (COSO, Solvency II), and leadership skills to drive risk programs, reporting to executives and the

Qualifications

• Master's degree in Finance, Economics, Risk Management, Business Administration, or a related field.
• Professional certifications such as CRM, FRM, PRM, or equivalent are highly desirable.
• A minimum of 7 years of progressive experience in risk management, with a significant focus on the insurance industry.
• In-depth knowledge of ERM principles, frameworks (e.g., COSO), and regulatory requirements (e.g., Solvency II, local insurance acts).
• Strong analytical, strategic thinking, and problem-solving skills.
• Excellent leadership, communication, and stakeholder management abilities, particularly in the remote setting.
• Demonstrated ability to work independently and drive initiatives in a fully remote environment.
• Experience within the Stellenbosch region or with companies operating there is an advantage but not required due to the remote nature.

Responsibilities

• Develop and maintain the company's Enterprise Risk Management (ERM) framework, policies, and procedures.
• Identify, assess, and prioritize key risks facing the organization, including operational, financial, strategic, compliance, and reputational risks.
• Design and implement risk mitigation strategies and action plans in collaboration with business units.
• Develop and manage risk appetite statements and key risk indicators (KRIs).
• Conduct regular risk assessments, control testing, and audits across various departments.
• Prepare comprehensive risk reports for executive management, the board of directors, and relevant committees.
• Ensure compliance with all relevant insurance regulations and industry standards related to risk management.
• Lead and mentor a team of risk professionals (if applicable), fostering a culture of risk awareness.
• Monitor emerging risks and industry trends, providing proactive advice and recommendations.
• Investigate significant risk events and incidents, recommending corrective actions to prevent recurrence.
• Oversee business continuity and disaster recovery planning from a risk perspective.

Skills

ERM principles

COSO framework

Solvency II

Risk modeling

Leadership

Stakeholder management

Remote work

Education

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

Tools

Risk management software

Risk modeling tools

Job description

About the Role

Our client, a leading innovator in the insurance sector, is seeking a highly experienced and strategic Senior Risk Manager to join their fully remote team. This pivotal role involves developing, implementing, and overseeing comprehensive risk management frameworks across all aspects of the company's insurance operations. You will be instrumental in identifying, assessing, and mitigating a wide range of risks, including operational, financial, strategic, and compliance risks. This position requires a deep understanding of the insurance landscape, regulatory environments, and best practices in enterprise risk management (ERM). The successful candidate will work remotely, collaborating with cross-functional teams globally to embed a strong risk culture. This is an ideal opportunity for a seasoned risk professional looking to make a significant impact in a forward-thinking, remote-first organization, shaping risk strategy without the constraints of a traditional office environment. Join a company that values expertise and provides the autonomy to drive meaningful change from anywhere.

Key Responsibilities

• Develop and maintain the company's Enterprise Risk Management (ERM) framework, policies, and procedures.
• Identify, assess, and prioritize key risks facing the organization, including operational, financial, strategic, compliance, and reputational risks.
• Design and implement risk mitigation strategies and action plans in collaboration with business units.
• Develop and manage risk appetite statements and key risk indicators (KRIs).
• Conduct regular risk assessments, control testing, and audits across various departments.
• Prepare comprehensive risk reports for executive management, the board of directors, and relevant committees.
• Ensure compliance with all relevant insurance regulations and industry standards related to risk management.
• Lead and mentor a team of risk professionals (if applicable), fostering a culture of risk awareness.
• Monitor emerging risks and industry trends, providing proactive advice and recommendations.
• Investigate significant risk events and incidents, recommending corrective actions to prevent recurrence.
• Oversee business continuity and disaster recovery planning from a risk perspective.

Requirements

• Master's degree in Finance, Economics, Risk Management, Business Administration, or a related field.
• Professional certifications such as CRM, FRM, PRM, or equivalent are highly desirable.
• A minimum of 7 years of progressive experience in risk management, with a significant focus on the insurance industry.
• In-depth knowledge of ERM principles, frameworks (e.g., COSO), and regulatory requirements (e.g., Solvency II, local insurance acts).
• Strong analytical, strategic thinking, and problem-solving skills.
• Excellent leadership, communication, and stakeholder management abilities, particularly in the remote setting.
• Proven ability to develop and implement effective risk management programs.
• Experience with risk modeling and quantitative analysis techniques.
• Proficiency in risk management software and tools.
• Demonstrated ability to work independently and drive initiatives in a fully remote environment.
• Experience within the Stellenbosch region or with companies operating there is an advantage but not required due to the remote nature.

Benefits

• Highly competitive executive-level salary and bonus structure.
• Fully remote work arrangement, offering exceptional flexibility and work-life balance.
• Comprehensive health, dental, and vision insurance.
• Generous retirement savings plan contributions.
• Significant opportunities for professional development and continuing education.
• Chance to shape the risk strategy of a leading insurance innovator.
• A collaborative and intellectually stimulating remote work environment.