Financial Risk Analyst Banking & Finance

Financial Risk Analyst

Position:
Financial Risk Analyst

Company:
First Rand Bank

Location:

Stellenbosch, South Africa

Experience:

5+ years in risk analysis, financial modeling, and regulatory compliance

Education:

Bachelor’s degree in Finance, Economics, or related field

Employment Type:

Full-time

Industry: Banking & Finance

Department:
Risk Management

Salary: SSP 350,000 – 500,000 per annum

Vacancies:1

First Rand Bank is one of South Africa’s leading financial institutions, offering a comprehensive range of banking and financial services to individuals, businesses, and corporate clients. With a strong heritage of innovation, stability, and community involvement, First Rand operates across multiple African markets and maintains a reputation for excellence in risk management and customer service. The bank’s commitment to sustainable growth, digital transformation, and inclusive finance makes it an attractive employer for professionals seeking to advance their careers in a dynamic and supportive environment.

As part of its strategic vision, First Rand continuously invests in talent development, cutting‑edge technology, and robust governance frameworks, ensuring that employees are equipped to deliver superior value to stakeholders while contributing to the broader economic development of South Africa.

The Financial Risk Analyst will play a pivotal role in identifying, assessing, and mitigating financial risks across First Rand’s portfolio of products and services. Reporting to the Head of Risk Management, the analyst will collaborate with cross‑functional teams to develop risk models, conduct stress testing, and ensure compliance with regulatory standards. This position offers a unique opportunity to influence strategic decision‑making, enhance risk‑adjusted returns, and support the bank’s commitment to sound risk governance.

Candidates will engage with senior leadership, contribute to risk policy formulation, and leverage advanced analytics to drive proactive risk mitigation. For more information about First Rand and its career opportunities, visit South Africa Job Search and explore the vibrant landscape of South Africa Jobs.

• Develop and maintain quantitative risk models for credit, market, and operational risk exposures.
• Perform regular stress testing and scenario analysis to evaluate potential impacts on the bank’s financial position.
• Monitor risk indicators and produce comprehensive risk reports for senior management and regulatory bodies.
• Collaborate with product teams to embed risk considerations into product design and pricing strategies.
• Ensure adherence to Basel III, IFRS 9, and local regulatory requirements throughout risk assessment processes.
• Provide actionable insights and recommendations to mitigate identified risks and improve risk‑adjusted performance.
• Support the continuous improvement of risk management frameworks and tools through innovative analytical techniques.

• Advanced proficiency in statistical analysis and financial modeling using Excel, VBA, Python, or R.
• Strong understanding of banking regulations, Basel III, and IFRS 9 standards.
• Excellent analytical, problem‑solving, and critical‑thinking abilities.
• Effective communication skills for presenting complex risk concepts to non‑technical stakeholders.
• Ability to work collaboratively in cross‑functional teams and manage multiple priorities.
• Detail‑oriented mindset with a commitment to accuracy and data integrity.

A minimum of a Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable and will be…