Chief Actuarial, Risk & Compliance

Rand Mutual - RMA; Johannesburg; On-site; ZAR 1,600,000 - 2,400,000; Full time

Job summary

Rand Mutual - RMA in Johannesburg seeks a senior executive to lead actuarial, risk and compliance in a strategic, second-line governance role. The position focuses on risk strategy, regulatory compliance, and actuarial oversight to safeguard enterprise value during growth and transformation.

You will integrate risk governance with legal oversight, build capability across risk-related functions, and provide independent challenge to first-line practices while reporting to the CEO, Exco, and Board

Responsibilities

• Serve as a strategic advisor to the CEO and Exco on risk, actuarial, legal, and compliance matters.
• Provide insight and challenge into strategic initiatives, new products, partnerships, acquisitions, and market expansion.
• Influence enterprise strategy by balancing growth aspirations with prudent risk governance.
• Ensure the second line of defence is deeply integrated, proactive, and forward-looking.
• Build capability across actuarial, legal, compliance, and risk teams to meet the future needs of the business.
• Lead the Group’s risk strategy, frameworks, and governance to ensure proactive identification, assessment, and mitigation of key enterprise risks.
• Maintain an enterprise-wide risk management framework aligned with regulatory expectations (SAM, Solvency II principles, Prudential Authority guidelines).
• Oversee strategic, financial, operational, conduct, technology, and emerging risks, ensuring alignment with the Group’s risk appetite.
• Provide independent challenge and oversight of first-line risk practices across business units.
• Advise the CEO, Exco, and Board Risk Committee on risk exposures, emerging threats, and resilience strategies.
• Strengthen risk culture and embed risk‑based decision‑making across the Group.
• Lead crisis management, stress testing, scenario planning, and recovery strategies.
• Serve as the Statutory Actuary responsible for reserving integrity, solvency assessment, product oversight, and actuarial governance.
• Ensure robust valuation processes, sound reserving, capital adequacy, and adherence to SAM/IFRS17 actuarial requirements.
• Provide independent actuarial assurance on pricing, product design, underwriting, and claims experience.
• Oversee the actuarial control cycle and ensure actuarial models, assumptions, and methodologies are appropriate, consistent, and defensible.
• Report actuarial findings to the CEO, Exco, Board, and regulators with full transparency and professional independence.
• Provide actuarial insight into long‑term financial stability, business planning, and capital strategy.
• Lead the Group Legal function with strategic oversight, contract management, and regulatory interpretations.
• Ensure legal compliance across product development, partnerships, procurement, distribution, and corporate transactions.
• Support enterprise-wide initiatives by advising on legal implications, regulatory constraints, and risk mitigation approaches.

Job description

Rand Mutual - RMA in Johannesburg seeks a senior executive to lead actuarial, risk and compliance in a strategic, second-line governance role. The position focuses on risk strategy, regulatory compliance, and actuarial oversight to safeguard enterprise value during growth and transformation.

You will integrate risk governance with legal oversight, build capability across risk-related functions, and provide independent challenge to first-line practices while reporting to the CEO, Exco, and Board