Insurance Risk Manager

About the Role

Our client, a dynamic and growing insurer, is seeking a proactive and experienced Insurance Risk Manager to join their team in Paarl, Western Cape . This key role is responsible for identifying, assessing, monitoring, and mitigating the various risks faced by the organization, including market, credit, operational, and insurance-specific risks. The Risk Manager will play a crucial role in developing and implementing robust risk management frameworks and policies, ensuring the company operates within its risk appetite and maintains financial resilience. This is an excellent opportunity for a seasoned risk professional to make a significant impact within a reputable financial institution. You will be at the forefront of safeguarding the company's assets and reputation.

Key Responsibilities

• Develop, implement, and maintain a comprehensive enterprise-wide risk management (ERM) framework.
• Identify and assess key risks across all business units and functions.
• Design and conduct risk assessments, including scenario analysis and stress testing.
• Develop and monitor risk mitigation strategies and action plans.
• Ensure compliance with relevant regulatory requirements and industry best practices for risk management.
• Prepare regular risk reports for senior management and the Board of Directors.
• Foster a strong risk-aware culture throughout the organization.
• Collaborate with internal audit, compliance, and other departments to ensure integrated risk oversight.
• Monitor key risk indicators (KRIs) and advise on potential breaches of risk appetite.
• Contribute to business strategy development by providing risk insights and perspectives.

Requirements

• A relevant tertiary qualification in Finance, Risk Management, Economics, or a related discipline; a Master's degree or professional certification (e.g., PRM, FRM, CFA) is advantageous.
• A minimum of 5-7 years of experience in risk management, preferably within the insurance or financial services sector.
• Strong understanding of insurance operations, products, and the associated risk landscape.
• Proven experience in developing and implementing ERM frameworks and risk assessment methodologies.
• Excellent analytical, quantitative, and problem-solving skills.
• Proficiency in risk management software and tools.
• Strong knowledge of relevant regulatory frameworks (e.g., Solvency II, local insurance regulations).
• Exceptional communication, presentation, and interpersonal skills.
• Ability to influence stakeholders at all levels of the organization.
• High level of integrity and professional ethics.

Benefits

• Our client offers a competitive salary package, commensurate with your experience and qualifications, and includes a performance-related bonus.
• Comprehensive benefits include excellent medical aid, a supportive retirement fund, and opportunities for ongoing professional development and certifications.
• This role provides a fantastic platform for career advancement within a growing insurance company.
• The work environment in the beautiful Paarl valley is conducive to focus and collaboration, offering a balance between professional challenge and quality of life.
• Join a company that prioritizes sound risk management and employee growth.

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