Senior Risk Manager - Remote

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

Benefits offered by this job

Bonus potential

Full remote work

Health benefits

Retirement savings plan

Job summary

Placements24 in South Africa is seeking a Senior Risk Manager to lead enterprise risk management initiatives across the organization. This fully remote role offers the flexibility to work from anywhere within South Africa while shaping the company’s risk appetite and governance frameworks.

You will develop and oversee policies for market, credit, operational and strategic risks, mentor a team, and collaborate with internal audit and compliance to ensure robust controls and effective risk

Qualifications

• Master's degree required or equivalent in a quantitative field.
• 8+ years of risk management experience in financial services/insurance recommended.
• Strong knowledge of ERM frameworks and risk types.

Responsibilities

• Develop and oversee enterprise-wide risk management frameworks, policies and procedures.
• Identify, assess and quantify key risks across market, credit, operational, compliance and strategic areas.
• Design and implement risk mitigation strategies and controls.
• Monitor and report risk posture to senior management and the board.
• Lead and mentor risk professionals and foster a risk-aware culture.
• Collaborate with internal audit, compliance and other departments to ensure integrated risk management.

Skills

Leadership

Stakeholder management

Regulatory knowledge

Analytical thinking

Strategic thinking

Risk assessment

Communication

Education

Master's degree in Finance, Economics, Business Administration, or related quantitative field

Tools

Risk modeling software

Data analytics tools

Job description

About the Role

Our client, a leading name in the financial services sector with a significant focus on insurance, is seeking a highly accomplished Senior Risk Manager to spearhead their risk management initiatives. This is a pivotal, fully remote role, offering the flexibility to work from anywhere within South Africa . The Senior Risk Manager will be responsible for developing, implementing, and overseeing comprehensive risk management strategies across the organization. This includes identifying, assessing, and mitigating financial, operational, and strategic risks to safeguard the company's assets and reputation. You will play a critical role in shaping the company's risk appetite and ensuring robust governance frameworks are in place.

Key Responsibilities

• Develop and execute enterprise-wide risk management frameworks, policies, and procedures.
• Identify, assess, and quantify key risks across all business functions, including market, credit, operational, compliance, and strategic risks.
• Design and implement risk mitigation strategies and controls to reduce potential negative impacts.
• Monitor and report on the company's risk profile to senior management and the board of directors.
• Conduct regular risk assessments and stress testing to evaluate the resilience of the business under various scenarios.
• Ensure compliance with relevant regulatory requirements and industry best practices for risk management.
• Lead and mentor a team of risk professionals, fostering a strong risk-aware culture throughout the organization.
• Collaborate with internal audit, compliance, and other departments to ensure integrated risk management.
• Develop and maintain risk management tools, models, and reporting dashboards.
• Provide expert advice and guidance on risk-related matters to business units and leadership.

Requirements

• Master's degree in Finance, Economics, Business Administration, or a related quantitative field.
• A minimum of 8 years of experience in risk management, preferably within the insurance or financial services industry.
• Proven track record in developing and implementing successful enterprise risk management (ERM) programs.
• Deep understanding of various risk types (market, credit, operational, liquidity, strategic) and relevant mitigation techniques.
• Strong analytical, quantitative, and problem-solving skills.
• Excellent leadership, communication, and stakeholder management abilities.
• Experience with risk modeling software and data analytics tools.
• Knowledge of regulatory frameworks such as Basel III, Solvency II, or equivalent local regulations.
• Ability to think strategically and translate complex risk issues into actionable plans.
• Professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) are highly advantageous.

Benefits

• Highly competitive salary package with significant bonus potential.
• Executive-level health, dental, and vision benefits.
• Generous retirement savings plan with employer match.
• Substantial paid time off and flexible working arrangements.
• Opportunities for leadership development and professional growth.
• Full remote work flexibility, allowing for work-life balance.
• Access to cutting-edge risk management technologies and resources.
• Annual performance reviews with clear career progression paths.