SOUTH AFRICA · SALARY IN RANDS

Financial Risk Specialists

What the work involves, the skills employers want, and how to get started in South Africa.

  • Analyst
  • Equity Research Analyst
  • Risk Analyst
  • Risk Manager
  • Risk Specialist
  • Securities Analyst

What do Financial Risk Specialists do?

Financial Risk Specialists are professionals who focus on identifying, analyzing, and managing financial risks within an organization. They play a crucial role in the financial services industry, helping companies mitigate potential losses that could arise from various factors, including market fluctuations, credit risks, and operational challenges. Their work involves developing risk management strategies, conducting assessments to evaluate the potential impact of financial risks, and ensuring compliance with regulatory requirements. Financial Risk Specialists leverage quantitative analysis and modeling techniques to forecast potential risks and advise on best practices for risk mitigation. They often collaborate with other departments such as finance, compliance, and operations to implement risk management policies and enhance overall organizational resilience. By continuously monitoring financial conditions and market trends, they help businesses make informed decisions to safeguard their assets and achieve strategic objectives.

What the work actually is

  • Analyze areas of potential risk to the assets, earning capacity, or success of organizations.
  • Analyze new legislation to determine impact on risk exposure.
  • Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
  • Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
  • Consult financial literature to ensure use of the latest models or statistical techniques.
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Tools used on the job

Technology

Tools

  • Photocopiers Photocopying equipment
  • Scanners Computer data input scanners
  • Notebook computers Laptop computers
  • Special purpose telephones Multi-line telephone systems
  • Laser fax machine Laser facsimile machines

Who it suits

Conventional

Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.

Investigative

Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.

Enterprising

Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.

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Questions people ask

How much do Financial Risk Specialists earn in South Africa?

Financial Risk Specialists salaries in South Africa vary by experience, province and employer.

What do Financial Risk Specialists do?

Analyze areas of potential risk to the assets, earning capacity, or success of organizations, Analyze new legislation to determine impact on risk exposure and Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.

How do I know if this career fits me?

Take the free Assessify career assessment. It matches your answers to careers and shows the South African salary next to each one.