Senior Risk Manager - Insurance Portfolio

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

Benefits offered by this job

Competitive salary

Incentive program

Health & wellness

Retirement plan

Professional development funding

Paid time off

Flexible remote work

Cutting-edge risk tech

Innovative culture

Job summary

Placements24 is seeking a Senior Risk Manager to lead the insurance portfolio risk function from Pretoria, operating remotely across SA. You will design and implement ERM frameworks, monitor KRIs, and drive risk culture at senior levels.

Ideal candidates hold a Master’s degree in a quantitative field, 6+ years in risk management within financial services, and advanced analytics skills. PRM/FRM/CFA are desirable; strong communication and remote-working prowess are essential.

Qualifications

• Master's degree in Finance, Economics, Risk Management, Statistics, or related field.
• Minimum 6 years of risk management experience in financial services or insurance.
• Proven ERM framework and risk policy implementation experience.
• Strong knowledge of insurance products, operations, and regulatory requirements.
• Advanced analytical and quantitative skills; proficiency in risk modeling.
• Proficient in risk management software and tools.
• Excellent communication and stakeholder influence skills.
• Ability to work remotely with multiple priorities.
• PRM/FRM/CFA certifications are highly desirable.
• Experience with Gauteng regulatory landscape is a plus.

Responsibilities

• Develop, implement and maintain the enterprise risk management framework for insurance portfolios.
• Identify, assess and quantify risks across operational, market, credit and strategic domains.
• Design and execute risk mitigation strategies and action plans.
• Develop and monitor KRIs and risk metrics; report findings to senior management.
• Conduct regular risk assessments and stress testing of portfolios and processes.
• Ensure compliance with industry regulations governing risk management in financial services.
• Collaborate with internal audit, compliance and business units to promote risk culture.
• Provide expert risk guidance to leaders and decision-makers.
• Manage relationships with external auditors, regulators and rating agencies.
• Stay informed about emerging risks and best practices in risk management for the Pretoria context.

Skills

Risk management

ERM framework

Regulatory knowledge

Quantitative analysis

Stakeholder management

Education

Master's degree in Finance/Statistics

Job description

About the Role

Our client, a prominent player in the financial services industry, is seeking a seasoned Senior Risk Manager to lead their insurance portfolio risk management function. This role, based in Pretoria, Gauteng, will operate on a fully remote basis, offering significant flexibility. You will be responsible for identifying, assessing, and mitigating a broad spectrum of risks inherent in our client's insurance operations. This includes market risk, credit risk, operational risk, and reputational risk. Your expertise will be crucial in developing and implementing robust risk management frameworks, policies, and procedures to safeguard the company's assets and reputation. We are looking for an individual with a strong analytical background, a proactive approach to risk mitigation, and a deep understanding of the insurance and financial regulatory landscape. This is an exciting opportunity to make a substantial impact within a forward-thinking organization committed to excellence in risk management, operating remotely across South Africa.

Key Responsibilities

• Develop, implement, and maintain the company's enterprise risk management (ERM) framework for insurance portfolios.
• Identify, assess, and quantify key risks across various business lines, including operational, market, credit, and strategic risks.
• Design and execute risk mitigation strategies and action plans to reduce exposure.
• Develop and monitor key risk indicators (KRIs) and risk metrics, reporting findings to senior management and relevant committees.
• Conduct regular risk assessments and stress testing of portfolios and business processes.
• Ensure compliance with relevant industry regulations and statutory requirements governing risk management in the financial services sector.
• Collaborate with internal audit, compliance, and business units to promote a strong risk culture.
• Provide expert advice and guidance on risk-related matters to business leaders and decision-makers.
• Manage relationships with external auditors, regulators, and rating agencies on risk matters.
• Stay informed about emerging risks and industry best practices in risk management, particularly within the Pretoria financial context.

Requirements

• Master's degree in Finance, Economics, Risk Management, Statistics, or a related quantitative field.
• Minimum of 6 years of experience in risk management within the financial services or insurance industry.
• Proven experience in developing and implementing ERM frameworks and risk policies.
• Strong understanding of insurance products, operations, and regulatory requirements.
• Advanced analytical and quantitative skills, with expertise in risk modeling and assessment techniques.
• Proficiency in risk management software and tools.
• Excellent communication, presentation, and interpersonal skills, with the ability to influence stakeholders at all levels.
• Ability to work independently and manage multiple priorities in a remote work environment.
• Professional certifications such as PRM, FRM, or CFA are highly desirable.
• Demonstrated ability to adapt to changing regulatory environments and business needs in Gauteng.

Benefits

• Highly competitive annual salary.
• Performance-based incentive program.
• Comprehensive health and wellness benefits package.
• Generous retirement savings plan.
• Professional development opportunities, including funding for certifications and conferences.
• Paid time off and holidays.
• Flexible remote work arrangements.
• Access to cutting-edge risk management technology.
• A culture that values innovation and strategic thinking, supporting remote professionals in Pretoria.