Enterprise Risk Specialist

This opportunity offers exceptional exposure to a complex, highâ performance reinsurance environment with a strong risk culture and a commitment to robust governance. You will join a business that values analytical excellence, encourages innovation in risk processes, and provides the platform to significantly influence internal risk practices and strategic outcomes.

The organisation operates within a regulated South African insurance landscape and offers the successful candidate the chance to deepen their experience across underwriting, actuarial, credit, catastrophe, market, operational and strategic risk. This is an ideal environment for a candidate who enjoys technical depth, cross-functional collaboration, and continuous professional growth.

Whats in it for you? A role where you will expand your ERM expertise, engage with senior leadership, and contribute to key initiatives such as ORSA, risk appetite frameworks, scenario analysis, and strategic risk insights.

Key Responsibilities:

• Maintain and enhance the ERM framework, policies, and procedures in line with the Insurance Act, Prudential Standards, SAM and governance principles.
• Identify, assess, monitor and report enterprise-wide risks, and maintain the risk register, KRIs, and RCSAs.
• Support underwriting, actuarial and finance teams in underwriting, reserving, catastrophe and accumulation risk assessments.
• Monitor credit, market, liquidity and ALM risks, including stress testing and scenario analysis.
• Prepare risk reports, dashboards and analytics for Management, EXCO and Board Committees, including contributions to the ORSA.
• Monitor operational, conduct, reputational and strategic risks across the business.
• Provide technical guidance, training and support to business units to embed strong risk culture.

Job Experience and Skills Required:

• Education:
  • Bachelors degree in Risk Management, Finance, Actuarial Science, Economics, Statistics, Accounting or related field.
  • Postgraduate qualification in governance, internal audit or risk management advantageous.
• Experience:
  • 58 years experience in risk management, actuarial, internal audit or related roles within:
    • Non-life insurance or reinsurance (strong preference), or
    • Financial services with proven ERM exposure.
  • Strong understanding of South African insurance regulations (Insurance Act, SAM, PA Prudential Standards, FSCA Conduct Standards).
  • Experience with ORSA, capital modelling, risk appetite frameworks and risk reporting highly beneficial.
  • Exposure to catastrophe modelling, accumulation management, underwriting, or reserving advantageous.
• Skills:
  • Strong analytical and quantitative skills; ability to interpret model outputs and data patterns.
  • Technical knowledge across underwriting, catastrophe, reserving, credit, market, liquidity, operational and strategic risks.
  • Familiarity with ISO 31000 / COSO ERM frameworks.
  • Proficiency in MS Excel, PowerPoint and Word. Experience with Power BI, SQL or risk/actuarial software advantageous.
  • Excellent communication, stakeholder engagement and relationship-building skills.
  • High level of professionalism, integrity and the ability to challenge constructively.

Apply now!
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