Job Purpose
The Risk Manager is responsible for identifying, assessing, and mitigating financial, operational, and strategic risks that could impact an organization. This role involves developing risk frameworks, ensuring regulatory compliance, and leveraging advanced risk analytics tools to safeguard business continuity and profitability. Key Responsibilities
1. Risk Identification & Assessment

• Conduct enterprise-wide risk assessments (financial, operational, cyber, reputational).
• Develop risk matrices and heat maps to prioritize threats.
• Perform scenario analysis and stress testing for critical risks.

2. Risk Mitigation & Control Implementation

• Design and implement risk management policies and internal controls.
• Recommend insurance strategies (e.g., D&O, cyber liability).
• Monitor key risk indicators (KRIs) and early warning signals.

3. Regulatory & Compliance Risk

• Ensure adherence to Basel III/IV, FSCA, SARB, and POPIA regulations.
• Manage anti-money laundering (AML) and counter-terrorist financing (CTF) risks.
• Oversee B-BBEE compliance for corporate governance.

4. Credit & Market Risk Management

• Assess credit risk for loan portfolios (banking sector).
• Analyze market risk (FX, interest rate, commodity price fluctuations).
• Implement Value-at-Risk (VaR) and Monte Carlo simulations.

5. Operational & Cybersecurity Risk

• Evaluate IT security risks (data breaches, ransomware).
• Review third-party vendor risks (supply chain disruptions).
• Align with ISO 27001 (information security) and NIST frameworks.

6. Risk Reporting & Stakeholder Communication

• Prepare risk reports for executives, boards, and regulators.
• Present findings to audit committees and risk committees.
• Train employees on risk awareness and mitigation strategies.

7. Technology & Data-Driven Risk Management

• Use GRC (Governance, Risk, Compliance) software (e.g., SAS Risk, IBM OpenPages, MetricStream).
• Leverage AI and machine learning for predictive risk modeling.
• Automate risk monitoring with RPA (Robotic Process Automation).

Required Skills & Competencies
Technical Skills
✅ Risk Frameworks: COSO ERM, ISO 31000, Basel III/IV
✅ Quantitative Analysis: VaR, Monte Carlo, Stress Testing
✅ Regulatory Knowledge: FSCA, SARB, POPIA, FAIS Act
✅ Data Analytics Tools: Python, R, SQL, Power BI, Tableau
✅ GRC Software: SAS Risk, IBM OpenPages, SAP GRC
✅ Cybersecurity Risk: NIST, ISO 27001, CIS Controls
Soft Skills
✔ Strategic Thinking – Balancing risk vs. reward
✔ Decision-Making Under Uncertainty – Crisis management
✔ Communication & Influence – Persuading stakeholders on risk controls
✔ Attention to Detail – Spotting emerging risks early Qualifications & Certifications
Mandatory:

• Bachelor’s degree in Risk Management, Finance, Economics, or related field (BCom, BSc).
• Honours/Master’s in Risk Management or MBA (Preferred).

Professional Certifications (Highly Valued):

• FRM (Financial Risk Manager) – Global standard for financial risk
• CA(SA)/CFA – Additional credibility for financial risk roles