THE JOB AT A GLANCE
Reporting to the Head of Risk, The Quantitative Risk Analyst will be responsible for using quantitative and qualitative analysis to measure and understand financial and non-financial risks and uncertainties, the positive and negative impacts, as well as interactions and outcomes experienced of risks in both the short and long term. The incumbent will be responsible for providing decision makers and other stakeholders with a balanced and effective way to understand the typical range within which outcomes are expected to lie, as well as appreciating the potential impacts of more extreme events occurring. The role will expect of the candidate to represent the risk team in governance forums, relevant committees as well as exco and board level. This will include playing an oversight role as well as the enhancement of the quality and content of the risk reporting. The role will require the candidate to enhance the relationship between the Risk function and RMA Business Management.
WHAT WILL YOU DO?
Implementation, compliance to and where relevant enhancement of the risk management framework and related policies.
Support the CRO with developing a clear risk strategy to manage:
The identification of risks and desired outcomes
The quantifiable limits to risks
The risk vs rewards trade-offs with respect to risk appetites
Decisions around which risks should be retained and which should be mitigated and controlled
The cost and resources available to manage risks and which mitigation options will be cost effective
Development, implementation or enhancement of current risk methodologies, techniques as well as the maintenance of risk inventories.
Develop risk and stress testing models and assess risk impact and implication.
Supporting and advocating of the embedment of a Risk Culture in RMA.
WHAT YOU'LL BRING TO THE TABLE?
Minimum Qualification:
NQF Level 7: Bachelor's Degree or similar relevant qualification that enables Quantitative Risk Management E.g. Actuarial Science, Applied Mathematics, CFA.
Minimum Experience:
6 plus years' relevant quantitative modelling and risk management experience.
May consider exceptional candidates with 4 plus years' experience.
Knowledge and Skills required:
Clear and concise reporting suitable for executive level consumption
Creating Dashboard and/or visual interface
Exceptional verbal and persuasive communication skills
Stakeholder engagement
Actuarial modelling
Life insurance & Workmen's compensation knowledge an advantage
Risk management an advantage
WHAT WILL YOU GET IN RETURN?
We offer great opportunities for personal and professional development in a stable company that's 130 years strong. The role comes with a competitive salary package and various benefits. Flexible work arrangements (combination of remote and in the office). Furthermore, you will be a part of a dedicated group of colleagues who value teamwork and collaboration.
Turnaround time
The shortlisting process will only start once the application due date has been reached. The time taken to complete this process will depend on how far you progress and the availability of managers. Kindly note that should you not receive a response within 21 days please consider your application unsuccessful.
Our Commitment to transformation:
In accordance with the employment equity plan of Rand Mutual Assurance and its employment equity goals and targets; preference may be given, but is not limited, to candidates from under-represented designated groups.
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