Chief Risk Officer at Old Mutual Finance - Western Cape, Pinetown - South Africa
Old Mutual
Join us in a pivotal role overseeing the implementation of Old Mutual Group's risk and compliance strategy within Old Mutual Finance. As a second-line risk function, you'll provide oversight over the full risk spectrum including credit- risk, operational risk, market, interest rate, liquidity risk, and IT security. In addition the function owns the compliance and forensics functions in the business. The role drives a risk-awareness culture, contribute to strategic decision-making, and collaborate with internal and external stakeholders, including regulators. Relationship Building: Cultivate and manage relationships with internal and external stakeholders. Risk & Compliance Management: Analyse and monitor risks, providing second-line assessments and reports to OMF Risk Committees and Board structures. Ensure compliance with applicable laws, regulations and OM Group risk and compliance policies Stakeholder Management: Keep the OMF Board informed of relevant risks and mitigating actions. Manage relationships with third parties, regulatory bodies, investors, and auditors. Facilitate the annual review of risk profiles for OMF and related businesses. Strategy Development and Alignment: Participate in risk strategy and planning for the Group. Develop risk strategy for SA Lending and transactional businesses. Assist in developing Risk Appetite in line with the Group Risk Strategy. Risk Assurance: Act as Risk Executive for a specific Segment. Monitor and report on the effectiveness of processes in relation to the Group Risk Governance Framework. Focus on significant risks and their management within appetite, simplifying and integrating risk management processes. Risk Culture Change Agent: Provide leadership that fosters risk ownership and accountability in Line 1. Influence business to incorporate risk-based thinking in decision-making. Team Effectiveness: Ensure the Risk Team remains closely engaged with the business. Collaborate with other Risk Centres of Excellence and assurance providers. Balance priorities while guiding and motivating the team for optimal performance. Plan and assign work, select, and grow staff to strengthen team capability. Additional Responsibilities: Coordinate the development of the fraud prevention strategy. Develop, manage, and refine qualitative and quantitative risk reporting. Implement and enhance the risk framework across the business. Support a culture of informed risk-taking through embedding the agreed risk framework into decision-making. Implement an Enterprise Risk Management framework aligned with the Old Mutual Group framework. Provide constructive challenge alongside Risk Committee structures. Minimum Requirements: Significant financial services exposure in a Lending and Banking environment. Extensive credit risk management experience with a proven track record of oversight, delivery and collaboration. Strong first-line business and credit experience is essential. Degree and post-graduate professional qualification in audit/accounting/risk/compliance or a related area. 8-10 years' relevant experience, including at least 5 years at a credit risk leadership level. Excellent written and verbal communication skills. Solid integration and strong credit risk analytical abilities Desired Skills: Credit risk Risk Management Enterprise risk management fraud prevention Operational Risk Management Stakeholder Management risk assurance Strategy Development Group Risk Management Desired Work Experience: More than 10 years Investments, Insurance & Assurance 5 to 10 years Executive Management / Director Desired Qualification Level: Degree
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