Introduction
Our Cape Town based Financial client is looking for a Risk Officer who will be responsible for identifying, evaluating, and mitigating risks associated with financial operations. The role involves developing and implementing risk management strategies, ensuring compliance with regulatory requirements, and providing critical insights to protect the organization's assets and reputation. The ideal candidate will have strong analytical skills, experience in financial risk management, and the ability to communicate effectively with various stakeholders.
Duties & Responsibilities
Responsibilities:

Risk Identification and Assessment:

• Identify and analyze potential risks related to financial transactions, investments, operations, and compliance.
• Develop and maintain a comprehensive risk assessment framework to evaluate the impact and likelihood of various risks.

Risk Mitigation and Management:

• Develop and implement risk management policies and procedures to mitigate identified risks.
• Recommend and oversee risk control measures, ensuring they are effectively applied and monitored.

Regulatory Compliance:

• Monitor changes in regulatory requirements and ensure the organization's practices comply with relevant laws and regulations.
• Prepare and submit required regulatory reports and documentation.

Risk Reporting:

• Prepare detailed risk reports and presentations for senior management and the board of directors.
• Communicate risk findings, trends, and recommendations to relevant stakeholders.

Incident Management:

• Investigate and respond to risk incidents and breaches, coordinating with internal teams to manage and resolve issues.
• Implement corrective actions and preventive measures to avoid recurrence.

Risk Analysis:

• Conduct quantitative and qualitative risk analysis, including stress testing and scenario analysis.
• Analyze financial data and market trends to identify emerging risks and opportunities.

Training and Awareness:

• Develop and deliver risk management training programs for employees to raise awareness and ensure adherence to risk policies.
• Promote a risk-aware culture within the organization.

Internal Controls:

• Evaluate and strengthen internal controls to minimize risk exposure and ensure operational efficiency.
• Conduct regular reviews and audits of risk management processes and controls.

Collaboration:

• Collaborate with other departments (e.g., finance, compliance, operations) to integrate risk management practices into daily operations.
• Liaise with external auditors, regulators, and other third parties as necessary.

Desired Experience & Qualification

• Education: Bachelor's degree in Risk Management, or a related field.
  
  Experience: Minimum of 5 years of experience in risk management, financial analysis, or a related role within the financial services industry.
  
  Technical Skills: Proficiency in risk management software, financial modeling, and data analysis tools. Strong knowledge of regulatory requirements and risk management frameworks.
  Certifications: Relevant risk management certifications (e.g., CRM, FRM, CFA) are highly desirable.

Package & Remuneration
Market related for 3-5 years experience