Lets Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Minimum Requirements:
• Namibian citizenship.
• Bachelor’s degree in Finance and/or Accounting or Actuarial Science or related fields as a mandatory requirement.
• Accreditation or certification in Financial Risk Management or Actuarial Certification.
• 3 years experience in Financial Risk Management in the financial services industry and 2 years experience in a managerial role.
• Experience in an insurance group and completion of articles shall be an advantage.
• Strong technical financial skills.
• Flawless command of the English language.
• Assertive self-starter with excellent communication, organisation and presentation skills.
• Excellent conflict handling skills.
• Ability to work under pressure while maintaining high service levels.
• A team player.

Job Description:
• Ensure alignment to and optimisation of Old Mutual Namibia (OMNAM) Risk Methodology across OMNAM Business / Functional Units or entities.
• Drive full compliance to the Enterprise Risk Management Policy to ensure effective Financial Risk Management by:
o Providing guidance and training to management on methodology and system; and
o Performing oversight over identification and management of Financial Risks, Internal Controls, Management Actions, Key Risk Indicators and Risk Events and timely risk reporting and escalation.
• Monitor and report on all Financial Risk Management activities of the OMNAM Group.
• Assist in the planning and implementation of the Liquidity, Counterparty and Market Risk Policies, Frameworks, and Internal Controls, and monitoring and reporting its compliance within the OMNAM Group.
• Preparation and drafting of various Financial Risk, Governance and Assurance Reports for the different Business Unit Executive Committees, Boards and Board subcommittees of the OMNAM Group.
• Providing oversight and insights in respect of projects related to the OMNAM Group Enterprise Risk Management policies and frameworks.
• Assisting in the Liquidity, and Market Risk quantification and insights under the Internal Capital Management process.
• Perform the daily capturing, monitoring, controlling, and reporting of the OMNAM Group’s Market and Liquidity Risks and ensuring these are reported on timeously and accurately.
• Entrenching understanding of all Profit and Loss, and risk drivers and ensuring compliance levels against established Financial Risk Appetite.
• Suggesting, developing and implementing measures leading to an improved Financial Risk Management Framework and improvement of Internal Controls.
• Provide oversight and insights on Financial Risk Appetite limits and ensure Risk Management Framework are in place aligning with the OMNAM Group’s overall Financial Risk Appetite.
• Ensure key Financial Risks are highlighted and addressed prior to the introduction of new or modified products, where applicable.
• Recommend Market Risk limits in line with the approved Market Risk Appetite of the OMNAM Group.

• Draft monthly Market Risk Reports for the Investment Committees and OMNAM Executive Committee.
• Development of comprehensive stress tests scenarios covering key Market, Credit and Liquidity Risks and ensuring periodic stress testing are performed in line with regulatory and internal requirements and for management decision purposes.
• Communication of key Financial Risks to Management including creation of presentations articulating key Financial Risks in an easy-to-understand manner.
• Implement and monitor awareness creation plans of Financial Risk Policies, as appropriate.
• Implement and ensure Financial Risk Policy Adoption templates remain updated, monitor and report on a quarterly basis as a compliance rating assessment tool.
• Provide timely assurance and reporting of Management Actions and compliance ratings to relevant forums within OMNAM.
• Ensure the maintenance the Risk Policy repository.
• Consider appropriate and implement process automation for Financial Risk and Governance and Assurance function.

Identify, evaluate, monitor and communicate the organizational QA, Risk and Compliance management activities to manage the organizations exposure to risk. Ensure that the organizations risk and compliance management framework and component policies are effectively implemented and applied.

ResponsibilitiesRegulatory and Compliance Management

Help design and implement a compliance program, liaising with the regulator to ensure the program adheres to regulatory and compliance standards. This may also involve supervising the activities of a regulatory/compliance team.

Regulatory Affairs

Take responsibility for managing and delivering a designated work program.

Quality Management System

Identify, analyze, and evaluate the effectiveness of current policies and business processes that are in the scope of the quality management system (QMS); contribute to the design of the QMS; provide specialist quality management oversight to the drafting of new policies and procedures and the design of business processes; contribute to the quantification of the costs and business benefits of change.

Audit Compliance

Manage a portfolio of audit assignments. Ensure that the team plans and delivers audits that cover identified risk areas, and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.

Quality Assurance Testing Design

Validate new or existing complex test methods and procedures; identify issues and recommend improvements to contribute to further development.

Stakeholder Engagement

Contribute to stakeholder engagement by identifying stakeholders; by finding out their needs, issues, and concerns; and by reacting to these needs, issues, and concerns, arranging meetings and events and drafting supporting materials to promote understanding and commitment.

Leadership and Direction

Communicate the local action plan; explain how this relates to the function's strategy and action plan and to the broader organization's mission and vision; motivate people to achieve local business goals.

Performance Management

Respond to personal objectives and use performance management systems to improve personal performance; or monitor the performance of the team, allocate work and review completion, take appropriate corrective action to ensure timeliness and quality, and contribute to formal individual performance management and appraisal.

Organizational Capability Building

Use the organization's formal development framework to identify the team's individual development needs. Plan and implement actions to build their capabilities. Provide training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Budgeting

Deliver a budget for an area of the organization or conduct complex analyses on budget progress in other areas of the organization.

Skills

Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Legal Practices, Performance Management Design, Policies & Procedures, Procurement Performance, Project Quality Management, QA Methodologies, Regulatory Compliance Management, Requirements Development

Competencies

Balances StakeholdersCommunicates EffectivelyFinancial AcumenInstills TrustInterpersonal SavvyManages AmbiguityManages ComplexityOptimizes Work Processes

Education

NQF Level 7 - Degree, Advance Diploma or Postgraduate Certificate or equivalent: Actuarial Science (Required)

Closing Date

22 May 2025 , 23:59

The Old Mutual Story!