Operational Risk Analyst | Cape Town
Are you a highly meticulous and analytical professional ready to launch your career in risk management within a leading financial institution? Do you have a passion for identifying potential threats and developing robust strategies to protect a dynamic insurance business?
Our client is seeking a proactive Operational Risk Analyst to join their Risk Management Department. This is a critical role focused on maintaining a resilient operational environment by identifying, assessing, and reporting on key operational risks.
Responsibilities:
- Risk Identification & Assessment: Review and assess inherent risks within new and existing processes and systems. You will identify risk exposures and recommend appropriate mitigation measures.
- Incident Management: Record all incidents of risk reported from operational areas, prepare periodic and ad hoc incident reports, and analyze the causes to recommend appropriate control measures.
- Strategic Support: Provide technical support to the Underwriting, Claims, and Reinsurance departments in assessing and managing risks associated with the services they render.
- Reporting & Monitoring: Prepare periodic operational risk reports and monitor developments in the environment to identify potential risk exposures.
- Culture & Training: Help strengthen our risk culture by undertaking sensitization and training for staff on operational risk control.
- A minimum qualification in Actuarial Analyst, Business Administration, or Commerce.
- Possession of relevant Risk Management Certification is an advantage.
Knowledge Base:
- Good knowledge of the insurance industry, principles of risk management, and the principles, theory, and practice of insurance.
- Prior experience in risk management, audit, or underwriting is desirable.
- Analytical: Strong hands-on skills in risk assessment and management, along with excellent analytical and problem-solving skills.
- Communication: Good communication and listening skills, coupled with strong report writing skills.
- Personal Attributes: High level of integrity and professionalism , confidentiality , and a result-oriented commitment to quality and thoroughness.
