Chief Risk Officer (CRO)

About the Role Our client, a prominent financial institution headquartered in Welkom, Free State , is seeking a strategic and highly experienced Chief Risk Officer (CRO) to lead its enterprise-wide risk management functions. This executive position is responsible for establishing and implementing the firm's risk appetite framework, overseeing all aspects of risk, including credit, market, operational, liquidity, and strategic risks. The CRO will play a pivotal role in safeguarding the company's assets and reputation by developing robust risk mitigation strategies and ensuring compliance with regulatory requirements. This is a critical on-site leadership role based in Welkom, Free State , requiring close collaboration with the board of directors and senior executive team. The successful candidate will possess extensive experience in risk management within the financial services sector and a deep understanding of regulatory landscapes. The objective is to maintain a strong risk culture throughout the organization. Key Responsibilities Develop, implement, and maintain the company's comprehensive risk management framework and policies. Define and communicate the firm's risk appetite and tolerance levels across all business units. Oversee the identification, assessment, monitoring, and reporting of all significant risks facing the organization. Lead the development and implementation of strategies to mitigate identified risks, including stress testing and scenario analysis. Ensure compliance with all applicable laws, regulations, and industry best practices related to risk management. Advise the Board of Directors and senior management on risk-related matters and the overall risk profile of the company. Foster a strong risk-aware culture throughout the organization through training and communication. Manage relationships with regulators, auditors, and external risk management consultants. Lead and develop the risk management team, ensuring adequate resources and expertise. Report regularly to the Board's Risk Committee on the company's risk exposures and management strategies. Requirements Master's degree or Ph.D. in Finance, Economics, Risk Management, or a related field. Professional certifications such as FRM, PRM, or CFA are highly desirable. 10+ years of progressive experience in risk management within the financial services industry, with at least 5 years in a senior leadership role. In-depth knowledge of various risk types (credit, market, operational, liquidity, strategic) and relevant regulatory frameworks (e.g., Basel Accords, local South African regulations). Proven ability to develop and implement effective enterprise-wide risk management strategies. Strong analytical, strategic thinking, and decision-making skills. Excellent leadership, communication, and interpersonal skills, with the ability to influence stakeholders at all levels. Demonstrated experience in presenting complex risk information to Board-level committees. Integrity, ethical conduct, and a strong commitment to compliance. Experience working within the Welkom, Free State financial sector is an advantage. Proven ability to manage and mentor a high-performing team. Benefits Executive-level compensation package including a substantial base salary and performance-based bonus. Comprehensive executive health benefits. Significant contribution to retirement savings. Opportunity to shape the risk strategy of a key financial player. Executive development programs and potential for board-level opportunities. Prime office location in Welkom, Free State . Company car and other executive perks. Direct engagement with the company's strategic direction. #J-18808-Ljbffr