Senior Risk Manager - Operational Risk

Placements24; Mbombela (Nelspruit); On-site; ZAR 900,000 - 1,500,000; Full time

Benefits offered by this job

Competitive pay

Medical + retirement

Professional development

Leadership role

Career progression

Job summary

Placements24 in Mpumalanga, Nelspruit is seeking a seasoned Senior Risk Manager specializing in Operational Risk to join its enterprise risk management team. You will identify, assess, and mitigate operational risks across the organization to ensure business continuity and protect against losses caused by weak processes, systems, people, or external events.

The role requires leading risk framework development, risk assessments, and management reporting.

Qualifications

• 6+ years of progressive experience in operational risk management, preferably in banking or financial services.
• Proven ability to develop and implement risk mitigation strategies.
• Strong analytical, problem solving and stakeholder influence skills.

Responsibilities

• Develop and maintain the operational risk management framework, policies and procedures.
• Conduct regular risk assessments, scenario analyses and control testing.
• Identify, assess and monitor key operational risks and control deficiencies.
• Develop and implement mitigation strategies and action plans.
• Oversee incident management including root cause analysis and lessons learned.
• Prepare risk reports for senior management and committees.

Skills

Operational risk management

Risk management

Risk assessment methodologies

COSO ERM

Basel II/III

Education

Bachelor's degree in Finance/Business/Risk Management

Job description

About the Role

Our client is seeking a seasoned Senior Risk Manager specializing in Operational Risk to join their enterprise risk management team in Nelspruit . This critical role involves identifying, assessing, and mitigating operational risks across the organization, ensuring business continuity and protecting against potential losses stemming from inadequate processes, systems, people, or external events. You will develop and implement robust risk frameworks, conduct risk assessments, and champion a strong risk culture throughout the business. The ideal candidate is a proactive leader with extensive experience in operational risk management within the financial services sector.

Key Responsibilities

• Develop and maintain the operational risk management framework, policies, and procedures.
• Conduct regular risk assessments, scenario analyses, and control testing across various business units.
• Identify, assess, and monitor key operational risks and control deficiencies.
• Develop and implement mitigation strategies and action plans to address identified risks.
• Oversee the incident management process, including root cause analysis and lessons learned.
• Prepare comprehensive risk reports for senior management and relevant committees.

Requirements

• Bachelor's degree in Finance, Business Administration, Risk Management, or a related field.
• Minimum of 6 years of progressive experience in operational risk management, preferably in banking or financial services.
• In-depth knowledge of operational risk frameworks (e.g., Basel II/III, COSO ERM) and risk assessment methodologies.
• Proven experience in developing and implementing risk mitigation strategies.
• Strong analytical, problem-solving, and communication skills, with the ability to influence stakeholders at all levels.

Benefits

• Competitive salary package with excellent bonus opportunities.
• Comprehensive medical and retirement benefits.
• Opportunities for professional development and certifications in risk management.
• A key leadership role within a growing financial institution in Nelspruit .
• Supportive work environment with a focus on career progression.