Job Description
About the Role
Hire Resolve, an insurance company with a particular interest in emerging markets in Africa, is seeking a Quants Risk Analyst based in Centurion, Gauteng. The successful candidate will assist the Head of Risk in developing and maintaining an effective risk management framework for the Company.
Key Responsibilities
- Responsible for data collection for ERM purposes
- Responsible for identification, development, and maintenance of key risk indicators
- Contribute to the development of an appropriate risk monitoring program for the Company’s investment portfolio activities.
- Responsible for executing the risk monitoring program for the Company’s investment portfolio activities.
- Contribute towards the analysis of stress test results and formulation of recommendations to Executive Management and the Board.
- Responsible for the design and maintenance of effective processes and procedures for the validation of the ALM, Premium Pricing, Reserving Model and Economic Capital model.
- Develop a model to independently establish a forward-looking assessment of the risk profile and financial position of the Corporation, including the conducting of regular stress testing and scenario analyses as defined in GOI 3.1 (Own Risk and Solvency Assessment (ORSA) for Insurers), against the risk appetite and risk limits of the Corporation.
Requirements
- Honours degree in Economics, Actuarial Science, Statistics, Finance, or Mathematics is a requirement.
- At least 5 years’ experience in market risk, stress testing, PD and LGD credit models, loss forecasting and economic capital.
- Experience in regulatory capital, economic capital, and capital adequacy assessment.
- Familiarity with ORSA and/or ICAAP.
- Relevant independent research project or thesis is beneficial.
- Completion of or progression in FRM, CFA or Actuary is beneficial.
Qualifications
- Formal education/certifications not specified.
Salary & Benefits
- R600 000 p/a
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Other Finance/Accounting Jobs in Gauteng
The finance and accounting sector is a significant contributor to the economy of Gauteng, South Africa, providing numerous opportunities for professionals looking to advance their careers. With major financial institutions, banks, and multinational corporations based in the province, there is a high demand for skilled finance and accounting professionals.
Salary ranges in Gauteng are generally in line with national averages, but can vary depending on factors such as industry, company size, and level of experience. According to recent job postings, average salary ranges for finance and accounting positions in Gauteng include:
R250 000 – R350 000 per annum for junior finance professionals
R400 000 – R600 000 per annum for experienced accountants
R700 000 – R1 200 000 per annum for senior finance managers
Key skills required for success in the finance and accounting sector in Gauteng include:
Financial planning and analysis
Accounting standards and compliance (e.g. IFRS)
Data analytics and reporting
Communication and interpersonal skills
Budgeting and forecasting
Risk management
Business acumen and strategic thinking
Major employers in the finance and accounting sector in Gauteng include:
Standard Bank, one of South Africa’s largest banks, with its headquarters located in Sandton, Johannesburg.
Multinational corporations such as IBM, which has a significant presence in the province, and Unilever, a leading consumer goods company.
The Johannesburg Stock Exchange (JSE), which is also based in the province and provides opportunities for finance professionals to work in investment banking and stockbroking.
Career growth opportunities are available in the finance and accounting sector in Gauteng, with many companies investing in training and development programs to support their employees’ career progression. Senior finance managers can move into executive roles, while experienced accountants can take on leadership positions or start their own businesses. Additionally, the JSE offers a range of training programs and certifications for finance professionals, such as the Certified Financial Analyst (CFA) program.
Overall, the finance and accounting sector in Gauteng presents numerous opportunities for career advancement and professional growth, with a high demand for skilled professionals and competitive salary ranges.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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