OMF IT Risk Officer

Old Mutual; Wes-Kaap; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading financial services company in South Africa seeks an experienced risk manager to develop risk strategies and policies. The role requires strong financial acumen and the ability to manage compliance and operational risk through effective policy and procedure management. The ideal candidate will have 6-8 years of relevant experience, along with a degree in legal or finance-related fields. This position offers the opportunity to contribute significantly to risk management strategies.

Qualifications

• A minimum of 6-8 years relevant experience.
• Possibly a professional qualification.

Responsibilities

• Develop and deliver a plan for financial management.
• Make authoritative recommendations impacting the business.
• Draft policies and procedures to meet compliance.
• Develop contingency plans for risk management.
• Analyze and assess risks associated with products.
• Recommend changes to improve operational support.
• Lead execution of complex reports.
• Monitor noncompliance with policies and regulations.
• Act as a subject matter expert in technology and policy.

Skills

Business Insight

Courage

Decision Quality

Ensures Accountability

Financial Acumen

Instills Trust

Manages Complexity

Optimizes Work Processes

Education

Degree/honours in legal, audit/accounting

Job description

Overview

Let\'s Write Africa\'s Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Assists business unit management to develop their risk management strategy & policy in accordance with the Audit Risk & Compliance Committee\'s approved risk appetite & segment requirements. Manages implementation of Policy Statements, supporting guidance & procedures within area of responsibility. Ensures that risk processes (risk assessment, identification, management, reporting & optimisation) are implemented at business unit level.

Responsibilities

• Financial Management and Control: Develop and/or deliver a plan for significant aspects of the financial management and/or control process.


• Data Collection and Analysis: Make authoritative recommendations that have a significant impact on the business over the short and long term. Recommendations could be technical or professional in nature.


• Policies and Procedures Development: Draft policies, procedures, and related guidelines within an area of expertise to meet defined key principles and ensure compliance with external requirements.


• Organizational Risk Management: Develop and/or deliver a contingency plan for significant aspects of the risk management and/or risk control processes.


• Risk Scenario Modeling: Analyze, assess, and quantify the risks associated with products, individual applications, business activities, and the market to determine whether any risk is within the agreed risk appetite. Undertake tactical risk modeling.


• Recommendations: Recommend changes to policies, processes, standards, and practices that would improve operational support.


• Insights and Reporting: Contribute to the design and creation of reporting strategies and templates. Lead execution of complex reports, identifying and interpreting complex patterns and trends, and translating those insights into actionable recommendations.


• Document Preparation: Write and edit material for various target populations, tailoring the tone and content to match the needs and expectations of each audience.


• Operational Compliance: Monitor and review performance and behaviors within area of responsibility to identify and resolve noncompliance with the organization\'s policies and relevant regulatory codes and codes of conduct.


• Personal Capability Building: Act as subject matter expert in an area of technology, policy, regulation, or operational management for the team. Maintain external accreditations and in-depth understanding of current and emerging external regulation and industry best practices through continuing professional development, attending conferences, and reading specialist media.

Minimum Requirements

• Degree/honours, possibly a professional qualification in legal, audit / accounting.


• A minimum of 6-8 years relevant experience.

Skills & Competencies

• Business Insight


• Courage


• Decision Quality


• Ensures Accountability


• Financial Acumen


• Instills Trust


• Manages Complexity


• Optimizes Work Processes

Closing Date

16 October 2025, 23:59

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

The Old Mutual Story!