124 Risk Analyst jobs in South Africa

Risk Analyst
Location: Johannesburg, South Africa
Type: Permanent | Banking & Risk

Strengthen controls. Safeguard performance.

This is an excellent opportunity for an experienced risk professional to play a key role in monitoring and managing risk within a dynamic banking environment. If you have a keen eye for operational, country, and business continuity risks — and want to build a culture of risk awareness and transparency — this role is your platform to add real value.

About the Role

You’ll support oversight of key risk areas, implement risk strategies, and enhance internal controls and risk reporting frameworks. You’ll actively engage with risk committees and first-line departments, ensuring alignment with regulatory requirements, Basel III standards, and best practice risk culture.

What You’ll Do

• Oversee Operational Risk, Country Risk, and Business Continuity Management.

• Implement and monitor risk strategies, tools, and controls.

• Support risk data aggregation and risk reporting frameworks (RDARR).

• Develop and update policies and procedures in line with regulatory expectations.

• Coordinate with the Comprehensive Risk Management Committee, preparing materials and reports.

• Build strong engagement with first line departments to promote a culture of transparency.

• Prepare regulatory presentations and support liquidity and credit analysis when needed.

• Perform additional risk-related work as required.

What You Bring

• Degree in Economics or related field.

• 3–5 years’ experience in a similar position within a commercial banking environment.

• Sound understanding of risk management in banking, with expertise in credit risk, operational risk, analytics, and KPIs.

• Familiarity with Basel III and regulator requirements.

• Strong analytical, communication, and organisational skills.

• Ability to handle confidential information with professionalism.

• Fluency in English and Chinese.

• Motivated, dynamic, and able to manage multiple priorities in a fast-paced setting.

What Success Looks Like
Robust risk monitoring, clear frameworks, and a proactive culture of risk management that supports the bank’s strategic objectives — all strengthened by your insight, oversight, and collaboration.

An industry-leading company situated in La Lucia, KwaZulu-Natal is currently seeking the expertise of an experienced Actuarial Risk Analyst to join their team.

The role will provide exposure to valuations, Solvency Assessment and Management (SAM), reporting, budgeting, product development and pricing, risk and reinsurance management and other actuarial areas.

Focus Areas

You will be involved in a wide range of areas, including :

• Completion of Monthly, Quarterly and Annual valuations according to the IFRS and SAM requirements
• Assisting with IFRS 17 development and implementation
• Assisting with the Annual Own Risk and Solvency Assessment (ORSA) process
• Maintaining and updating models (Prophet and other macros)
• Developing and pricing new / updated products and ongoing maintenance
• Producing management information reports for circulation to senior management
• Assisting with the setting and reviewing of Risk registers and Risk Appetite Statements
• Calculations and reporting required in terms of the different reinsurance treaties
• Assisting with the experience investigations and assumption setting for valuation purposes
• Completing the Conduct of Business Returns (CBRs)
• Assisting with the actuarial components of the annual budget process
• Other ad-hoc items

What do you need?

Required

• Mathematics, Statistics or Actuarial Science Degree
• At least 2 years experience in one or more of the focus areas
• Progress with the Actuarial Exams

Advantage

• IFRS17 experience

The role would suit you if you are…

• Analytical, ambitious and loves to get involved in a range of different tasks
• Comfortable engaging and communicating with people from different departments, and different seniority levels as well as external partners
• Accurate, pay attention to detail and take accountability for your work
• Creative, adaptable, innovative and delivery focused
• Pragmatic in your application of theoretical results

Hire Resolve is a top-tier recruitment firm that focuses on placing skilled professionals in permanent employment.

Hire Resolve focuses on working with senior-level executives and we pride ourselves on delivering excellent service to our candidates and clients.

• Our client is offering a highly competitive salary for this role based on experience.

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The overall purpose of the job is to assess and mitigate risk by carrying out a comprehensive and quality credit risk function by analyzing the client's business, financial statements, and management accounts in order to provide a recommendation on new accounts and existing accounts annually.

• Record new account information in the new accounts register within 3 hours of receipt of documents;
• Update new accounts register daily with the progress of the account;
• Have a discussion with a Commercial person to understand the requirements of the client;
• Review all the documents received – Business Application, STCs, company documents, and motivation;
• If STCs are amended, ensure legal has reviewed and given the go-ahead;
• Obtain the necessary credit bureau reports, trade references, and general research on the internet for the client;
• If Audited Financial Statements are received, prepare the necessary ratios on the Credit Report Assessment document;
• Visit clients as financials may need to be reviewed at the client premises;
• Process should be completed within 1 to 2 days, and then review with the GCM;
• If the risk is high, AFS and/or guarantee is requested once discussed with the GCM;
• Ensure the monthly re-vett schedule is completed, and the necessary accounts are reviewed.
• For Existing Clients: The same process as new accounts is followed, but adding in the payment history over the last 6 months to a year depending on the payment terms;
• Meet with the individual division's GM's / Commercial teams weekly to understand what is coming on board and sort out any underlying issues;
• Once the account has been approved, create the client accounts on BOS, SAP, or CW inputting all client's correct information;
• Once opened on the system, all documents need to be uploaded to the Risk Share folder;
• Prepare internal and external letters notifying everyone of the account being opened;
• Ensure filing is up to date with all client's applications and documents;
• Ensure POPI is followed;
• Carry out the duties of colleagues as requested by Management whilst the colleagues are on leave or during peak periods;
• Ensure that you know and adhere to all Company policies and procedures.

The successful candidate will need to be qualified with a degree, BCom or BTech, as well as Credit management 4 or 5.

Leading Financial Services Client requires a recent Computer Science / Mathematics Degree Graduate to join their team as a Junior Risk Analyst and get on the job training.

• Reporting
• Statistics

• Matric / Grade 12
• Tertiary Qualification - Completed Degree in Mathematics / Computer Science is essential

Salary Market Related

Ensure that all inbound and outbound Fraud cases (calls and emails) are actioned in order to provide assistance/feedback to customers.

Analyse alerts flagged on the fraud monitoring systems and confirm validity of suspicious transactions/activity with customers in order to detect/prevent fraud (all fraud types).

Load security blocks where suspicious transactions/activity cannot be confirmed with customers and make clear notes on the fraud monitoring and case management systems.

Ensure that procedures are always followed.

Ensure that high risk/unusual activity is escalated immediately.

Escalate any errors/deviations from procedures immediately.

Monitor and adhere to shift roster.

Maintain customer confidentiality.

Deal with customers in a professional manner.

Provide feedback to internal and external stakeholders.

Escalate/report high risk incidents immediately.

Action all cases in the Case Management System.

Action alerts triggered on the fraud monitoring system.

Take inbound calls from clients disputing transactions.

Where fraud is confirmed, update on the Case Management System with the correct fraud type and details of the incident.

Stop/block accounts/cards to prevent further losses/exposure to the bank/its clients.

Matric.

Relevant diploma/certificate/training in Fraud Risk Management.

Good knowledge of banking products and services.

2-3 years’ experience in Fraud Risk, Call Centre environment.

Able to work under pressure and meet deadlines.

Able to use own initiative to solve problems.

Team player.

By applying for this position, you consent in terms of the Protection of Personal Information Act (POPI Act) to your personal information being obtained, utilised, and stored by the Company through inter alia, reference checks, credit checks and trace reports.

Should you not hear from us within 7 days, please consider your application unsuccessful.

Enterprise Risk Management has an IT Risk Analyst position available who will be based at the Santam Bellville office.

The IT Risk Analyst will provide sufficient oversight of the Group IT Risk management process by confirming that risks are managed adequately as per sound methodologies and accentuating instances where IT and Data Risks are not being effectively managed, in alignment with the ERM framework.

• Monitoring of the IT risk registers and having the influence to change and address instances where IT Risk is not being effectively managed.
• Building the trust and confidence with First Line Risk Management and key stakeholders.
• Review and provide input to the development and documentation of IT-related policies, standards and guidelines.
• Monitoring of IT Issues to ensure there are adequate root cause analysis, risk management and remediation of highly rated IT issues.
• Provide guidance and recommendations to management to strengthen the IT Control environment.
• Monitoring of the Data risk appetite at Second line level, ensuring correct representation that guides bottom-up planning (and embedding). Ensure measurement and monitoring by business owners follows a sound methodology across the group.
• Monitoring of data breaches and incidents to ensure there are adequate root cause analysis, risk management and remediation of highly rated issues.
• Collaboration with compliance team to ensure adequate training is provided to mitigate data breach risks.

• Relevant IT qualification (that provides knowledge on IT Risk Management)
• Five years’ experience in an IT and/or Data Risk Role

• Advanced computer skills (Proficiency in MS Excel, MS Word, and MS PowerPoint).
• Strong presentation and facilitation skills.
• Excellent relationship-building skills at all levels of management.
• Analytical skills, numerical/statistical skills.
• Evaluation and data collection skills.
• Delivery/results orientated.
• Good communication and English writing skills.

Cultivates innovation - Contributing through others

Customer focus - Contributing through others

Drives results - Contributing through others

Collaborates - Contributing through others

Being resilient - Contributing through others

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into a number of emerging markets, both in Africa and Asia.

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees.

At Santam we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.

Join to apply for the Quantitative Risk Analyst role at ExecutivePlacements.com - The JOB Portal

2 days ago Be among the first 25 applicants

Join to apply for the Quantitative Risk Analyst role at ExecutivePlacements.com - The JOB Portal

SUMMARY:

We are looking for a Quantitative Risk Senior Consultant to join a dynamic team specializing in treasury, trading, and risk systems. This role focuses on helping clients with the design and implementation of risk management processes, operating models, and performance measurement techniques, ensuring that organizational, technological, and process changes align effectively.

Recruiter:

Network Recruitment

Job Ref:

NFP015850/LLR

Date posted:

Friday, June 27, 2025

Location:

Johannesburg, South Africa

Salary:

Market related

SUMMARY:

We are looking for a Quantitative Risk Senior Consultant to join a dynamic team specializing in treasury, trading, and risk systems. This role focuses on helping clients with the design and implementation of risk management processes, operating models, and performance measurement techniques, ensuring that organizational, technological, and process changes align effectively.

POSITION INFO:

Quantitative Risk Senior Consultant – Market and Counter-party Credit

Key Responsibilities:

• Assist with the design and implementation of treasury, trading, and risk systems.
• Support clients with risk measurement and performance techniques.
• Engage in client-facing projects, contributing to both technical and strategic solutions.
  
  

• Strong analytical skills with attention to detail.
• Knowledge of financial markets, data analysis, and derivatives valuation.
• Solid understanding of market risk and counter-party credit risk.
• Experience with programming languages (VBA, C#, and SQL).
• Exposure to trading/risk systems (Front Arena, Calypso, Adaptiv, and Quantum).
• Strong understanding of quantitative methods in the Financial Services industry.
• Excellent communication, presentation, and writing skills.
  
  

• BSc/MSc or Honours Degree in Mathematical Finance, Actuarial Science, IT, Finance, or a related field.
• 1-4 years of experience in banking, insurance, consulting, or technology.
  
  

• Initiative, maturity, and responsibility.
• Ability to work under pressure and manage multiple tasks.
• Client-facing confidence and professional demeanor.
• Previous project management experience is a plus.
  
  

• Seniority level Entry level

• Employment type Full-time

• Job function Finance and Sales
• Industries Advertising Services

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We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

An exciting opportunity exists for an Actuarial Risk Analyst at Santam to be part of the Risk Office. This position will be based at Santam’s Head Office in Bellville, Cape Town.

The role will cover model validation, enterprise risk management and regulatory reporting. The role will have a specific focus on the automation of processes within these areas and quantitative aspects of enterprise risk management. The candidate must have a keen interest in programming with preference given to candidates who have Microsoft VBA and Python programming experience.

The role will provide the successful candidate the opportunity to gain an in depth understanding of Santam’s capital models, enterprise risk management framework and be part of Santam’s automation journey. 

• Run quarterly model validation tests and continuously improve the automation of model validation process.
• Review the adequacy and effectiveness of all internal model key controls.
• Assist the Financial Risk and Regulatory Reporting team to automate reporting processes.
• Support the Enterprise Risk Management team to perform quantitative analyses when needed, specifically focusing on underwriting and reinsurance.

• BSc in Actuarial Science.
• 2 – 4 years’ actuarial experience.
• Short-term experience is valuable but not essential.

• Strong computer skills and proficient in MS Office (Excel, Access, VBA).
• Programming skills in VBA and Python would be an advantage.
• Strong communication and English writing skills.
• Excellent relationship building skills.
• Knowledge of the SAM framework would be an advantage.
• Inquisitive personality and the ability to think independently.
• Ability to challenge the status quo and suggest plausible alternatives.

Being resilient - Contributing through others

Collaborates - Contributing through others

Cultivates innovation - Contributing through others

Customer focus - Contributing through others

Drives results - Contributing through others

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into several emerging markets, both in Africa and Asia. 

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees. 

At Santam, we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals, we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.

Our recruitment process

Step 8

You made it. Here we ensure we receive all your documents to get you onto our payroll system.

Our recruitment process

Step 1

Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.

Our recruitment process

Step 2

Could take a couple of days depending on the volume and the screening process, which various according to the complexity of the role.

Our recruitment process

Step 3

Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.

Our recruitment process

Step 4

Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.

Our recruitment process

Step 5

We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!

Our recruitment process

Step 6

Should we like what you bring to the table, depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted the ensure the validity of your credentials.

Our recruitment process

Step 7

Prior to an offer being made, there may be a second interview to meet with the Head of Department.Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview.

Our recruitment process

Step 8

You made it. Here we ensure we receive all your documents to get you onto our payroll system.

Our recruitment process

Step 1

Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.

Our recruitment process

Step 2

Could take a couple of days depending on the volume and the screening process, which various according to the complexity of the role.

Our recruitment process

Step 3

Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.

Our recruitment process

Step 4

Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.

Our recruitment process

Step 5

We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!

Our recruitment process

Step 6

Should we like what you bring to the table, depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted the ensure the validity of your credentials.

Our recruitment process

Step 7

Prior to an offer being made, there may be a second interview to meet with the Head of Department.Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview.

Our recruitment process

Step 8

You made it. Here we ensure we receive all your documents to get you onto our payroll system.

There is not just one way to be successful at Santam, nor is there one way to interview with us. Interviewing is a two-way process - it helps us learn about you, and it helps you learn about us, our people, and what you could do here.

Santam has been officially recognised by the Top Employers Institute as a Top Employer 2024 for excellence in people practices. This is the eighth consecutive year that we have achieved this accolade.

An exciting opportunity exists for an Actuarial Risk Analyst at Santam to be part of the Risk Office. This position will be based at Santam’s Head Office in Bellville, Cape Town.

The role will cover model validation, enterprise risk management and regulatory reporting. The role will have a specific focus on the automation of processes within these areas and quantitative aspects of enterprise risk management. The candidate must have a keen interest in programming with preference given to candidates who have Microsoft VBA and Python programming experience.

The role will provide the successful candidate the opportunity to gain an in depth understanding of Santam’s capital models, enterprise risk management framework and be part of Santam’s automation journey. 

• Run quarterly model validation tests and continuously improve the automation of model validation process.
• Review the adequacy and effectiveness of all internal model key controls.
• Assist the Financial Risk and Regulatory Reporting team to automate reporting processes.
• Support the Enterprise Risk Management team to perform quantitative analyses when needed, specifically focusing on underwriting and reinsurance.

• BSc in Actuarial Science.
• 2 – 4 years’ actuarial experience.
• Short-term experience is valuable but not essential.

• Strong computer skills and proficient in MS Office (Excel, Access, VBA).
• Programming skills in VBA and Python would be an advantage.
• Strong communication and English writing skills.
• Excellent relationship building skills.
• Knowledge of the SAM framework would be an advantage.
• Inquisitive personality and the ability to think independently.
• Ability to challenge the status quo and suggest plausible alternatives.

Being resilient - Contributing through others

Collaborates - Contributing through others

Cultivates innovation - Contributing through others

Customer focus - Contributing through others

Drives results - Contributing through others

Santam is the market leader in the general insurance industry in Southern Africa. We are a large, diversified, expanding and transforming company and whilst based in South Africa, we are rapidly moving into several emerging markets, both in Africa and Asia. 

Our success is rooted in our passion for our clients and everything we do is centered on our delivery of Insurance Good and Proper. We’re about people. People drive our business so it follows that we want to recruit the best people possible whether they work for us permanently or for a short time as temporary employees. 

At Santam, we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with employment equity as a key goal to create an inclusive workforce, representative of the demographics of our society. In achieving our employment equity goals, we give preference to applicants from the designated groups in alignment with the Divisions Employment Equity targets.

Our recruitment process

Step 8

You made it. Here we ensure we receive all your documents to get you onto our payroll system.

Our recruitment process

Step 1

Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.

Our recruitment process

Step 2

Could take a couple of days depending on the volume and the screening process, which various according to the complexity of the role.

Our recruitment process

Step 3

Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.

Our recruitment process

Step 4

Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.

Our recruitment process

Step 5

We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!

Our recruitment process

Step 6

Should we like what you bring to the table, depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted the ensure the validity of your credentials.

Our recruitment process

Step 7

Prior to an offer being made, there may be a second interview to meet with the Head of Department.Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview.

Our recruitment process

Step 8

You made it. Here we ensure we receive all your documents to get you onto our payroll system.

Our recruitment process

Step 1

Our vacancies are advertised between 3-5 days depending on the market availability of the skills required.

Our recruitment process

Step 2

Could take a couple of days depending on the volume and the screening process, which various according to the complexity of the role.

Our recruitment process

Step 3

Long listed candidates are sent to the hiring manager to review and consider for the next stage of the selection process.

Our recruitment process

Step 4

Candidates may be contacted for a short screening interview to get to know them better and to ask any clarity seeking questions.

Our recruitment process

Step 5

We use a competency interview model. Interview dates will be confirmed via e-mail. During the interview you will be introduced to the panel and the process will be explained. Remain calm and sell yourself. This is our opportunity to match your skills to the job. You only get one shot!

Our recruitment process

Step 6

Should we like what you bring to the table, depending on the job you are being considered for, you may be invited to complete a psychometric assessment. Further employment checks are conducted the ensure the validity of your credentials.

Our recruitment process

Step 7

Prior to an offer being made, there may be a second interview to meet with the Head of Department.Should there be a need for any further interviews, be sure to bring the same charm that got you through your first interview.

Our recruitment process

Step 8

You made it. Here we ensure we receive all your documents to get you onto our payroll system.

There is not just one way to be successful at Santam, nor is there one way to interview with us. Interviewing is a two-way process - it helps us learn about you, and it helps you learn about us, our people, and what you could do here.

Santam has been officially recognised by the Top Employers Institute as a Top Employer 2024 for excellence in people practices. This is the eighth consecutive year that we have achieved this accolade.