Old Mutual Limited

Risk Officer

Old Mutual Limited

full-time

Posted on:

Location Type: Office

Location: Cape Town • South Africa

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About the role

  • An exciting opportunity exists for a mid-level Enterprise Risk Specialist to take the next step in their career within the Enterprise Risk Management (ERM) team in OML Group Risk
  • This Cape Town–based Line 2 role reports to the Senior Risk Officer and offers exposure to enterprise-wide risk management, senior stakeholders and Board-level governance
  • The Enterprise Risk Specialist will partner with and provide independent oversight and constructive challenge to Line 1 management, ensuring that risks are effectively identified, managed and monitored in line with the Group’s risk strategy, risk appetite and control standards
  • The role also forms part of an ERM Centre of Excellence, contributing to the continuous evolution of a future-fit risk function
  • Partners, supports and advises Line 1 management across the value chain to embed effective risk management practices
  • Contribute to, and where necessary, challenge the alignment of the business level strategies with the OML Group strategy, risk strategy and risk-return framework
  • Provide constructive challenge and advice on alternative or additional management actions to ensure residual risk remains within appetite
  • Advise Line 1 management on the design and enhancement of risk management processes and controls to manage risks
  • Ensure consistent implementation of the risk management lifecycle (identify, assess, respond, monitor and report risks) at business unit level
  • Monitor and assess the adequacy and effectiveness of the risk management system, internal control environment and the accuracy and completeness of risk reporting
  • Provide insight to enable the prioritisation of remediation actions for control weaknesses
  • Ensure risk limits breaches/risk events are identified, escalated and addressed timeously; and challenge the effectiveness of corrective actions
  • Apply independent challenge and form a Line 2 opinion on the business unit’s risk profile and control environment
  • Support the rollout and embedding of risk strategies, frameworks, and policies in line with OML requirements
  • Support Line 1 management with quarterly and annual risk processes
  • Provide support to business unit management in carrying out risk-related responsibilities and influencing risk-based decision making
  • Define and maintain standards and requirements for risk reporting
  • Prepare and present Line 2 risk reports to Executive and Senior Management Forums, as well as Board Meetings and Committees
  • Positively influence and strengthen the risk culture within assigned business units
  • Support Line 1 management in identifying and implementing actions to enhance risk awareness and accountability
  • Contribute to one or more ERM Centre of Excellence initiatives, including operational risk management activities
  • Participate in risk deep-dives, thematic reviews, and execute assessments of strategic programs

Requirements

  • Bachelor’s degree required
  • CA(SA) or a professional tertiary qualification in risk management, audit, operations/engineering will be advantageous
  • 4–7 years’ experience in enterprise risk, internal audit, or risk advisory, preferably within financial services, particularly in Wealth and Investment management
  • Sound understanding of ERM frameworks, Line 2 oversight, risk appetite and internal controls
  • Strong analytical, stakeholder engagement and communication skills, with the ability to provide constructive challenge
  • Experience with Boards and Executive/Senior level forums and stakeholders
  • Change resilience is critical, to support Line 1 management with a constantly changing environment
  • A curious, proactive mindset with a keen interest in emerging risks and evolving risk practices
Benefits
  • The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
enterprise risk managementrisk management processesrisk reportinginternal controlsrisk appetiterisk assessmentrisk monitoringrisk strategyrisk frameworksoperational risk management
Soft Skills
analytical skillsstakeholder engagementcommunication skillsconstructive challengechange resilienceproactive mindsetinfluencing skillsrisk awarenesscollaborationproblem-solving
Certifications
CA(SA)professional qualification in risk managementprofessional qualification in auditprofessional qualification in operationsprofessional qualification in engineering