Quantitive Risk Analyst

Old Mutual Life Assurance Company (SA) Ltd; Johannesburg; Presencial; ZAR 1.500.000 - 2.500.000; Jornada completa

Descripción de la vacante

Old Mutual Life Assurance Company (SA) Ltd seeks an experienced ALM professional to lead strategic asset and liability management within the Treasury & Financial Markets function. You will drive analytical initiatives, build quantitative models and translate liabilities into hedging strategies.

Ideal candidates have 6+ years in ALM/actuarial finance within life insurance, strong communication skills, and the ability to manage multi-month projects from concept to delivery.

Formación

• Post-graduate degree in Finance, Financial Engineering, Quantitative Analytics or Actuarial science.
• 6+ years’ ALM/actuarial finance experience in an insurance setting, focused on asset and liability management.
• Ability to manage complex, long-running projects with clear delivery timelines.

Responsabilidades

• Drive ALM processes with accuracy and timely delivery, engaging with clusters on liability translations.
• Develop and maintain quantitative tools for risk analysis and strategy performance.
• Consolidate and present analysis results to a range of stakeholders.
• Develop and implement ALM hedging strategies and monitor their effectiveness.
• Support product development and reviews related to investments and ALM strategies.

Conocimientos

ALM

Quantitative Finance

Financial Modeling

Actuarial Finance

Stakeholder Engagement

Educación

NQF Level 9 – Masters

Herramientas

Excel

Python

Power BI

Descripción del empleo

Job Description

Let's Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Role Overview: The Asset & Liability Management (ALM) team is a key part of the Treasury & Financial Markets function. The team focuses on strategic asset liability management, quantitative analytics and funding management initiatives and investigations. This is a dynamic team, with a strong focus on technical fluency and disciplined stakeholder engagement. Members of the team can be expected to gain broad exposure to areas such as strategic ALM, funding management, liquidity management, quantitative finance, complex legal, tax and regulatory issues, and corporate financial strategy. The role will form part of the Old Mutual South African Asset & Liability Management function and drive its operational practices and processes, as well as the measurement and reporting of key financial risks.

Key Result Areas

ALM processes Drive ALM processes ensuring accuracy, managing timelines and proposing process improvements. Communicate and engage with the various Clusters within Old Mutual with respect to liability translations involving alignment between liabilities and hedging instruments. Identify opportunities for ALM strategy optimisation. Financial analysis Development and maintenance of relevant tools to perform quantitative analysis and interpretation of risk exposures and strategy performance. Collection and analysis of quantitative financial data for use in market, credit and liquidity risk decision making. Consolidation and meaningful presentation of analysis results for a range of stakeholder groups. Working effectively within a team to design and execute quantitative experiments. Develop & implement ALM hedging strategies Investigation of key risks requiring mitigation. Monitoring of the effectiveness of hedging strategies. Conceptualisation and development of appropriate hedging strategies, allowing for changes in the market. Product development & reviews Assistance in the development of innovative product offerings with a focus on investment and ALM strategies. Ensuring appropriate management of market and liquidity risks introduced onto the balance sheet by new products. Development of appropriate financial modelling solutions for pricing, monitoring and managing market, credit and liquidity risks, and support of the review and refinement of existing models. Deep dive reviews of guaranteed liabilities and associated asset strategies for Old Mutual. General Assistance with ad-hoc strategic ALM projects. Where required, identification of risks requiring additional mitigation and proposal of a relevant risk management strategy.

Qualifications, Skills and Experience

Essential: relevant post-graduate degree (e.g. Finance, Financial Engineering, Quantitative Analytics, Actuarial). Additional professional qualification (e.g. FASSA, FIA, CFA, CERA, FRM) advantageous. 6+ years' ALM and/or actuarial finance experience within an insurance entity, with a specific focus on asset and liability management and other Group Treasury activities. Experience in life insurance valuations/product, together with a deep understanding of financial markets, advantageous. Ability to work with light-touch supervision on projects or tasks. Strong communication skills, including an ability to explain complex concepts and key issues effectively to the broader team. Capacity to take accountability for complex and potentially ambiguous pieces of work. Able to run and manage projects with durations varying between 3 to 6 months, with a focus on remaining accountable until delivery of results. Dynamically responds to work requirements and changing situations. Pragmatic and solution-focused; able to make trade-offs balancing between deliveries and risks/costs. Must possess a wide range of skills and knowledge, including an actuarial background, quantitative finance, regulations and commercial acumen. Track record of working efficiently with seniors and subordinates, teams in and out of the organisation, and consultants to ensure delivery. Communicates with various role-players to obtain the appropriate level of input, buy-in and approvals for delivery.

Competencies

Execution Strategic Leading with Influence Personal Mastery (Learning) Collaboration (Relating) Innovation (Perspective) Customer First Skills Action Planning, Analytics Software, Budget Management, Business Intelligence (BI) Analysis, Computer Literacy, Data Analysis, Data Compilation, Data Controls, Data Interpretation, Data Modeling, Evaluating Information, Numerical Aptitude, Report Review, Solution Analysis, Statistical Analysis Techniques Competencies Business Insight Communicates Effectively Courage Decision Quality Ensures Accountability Financial Acumen Instills Trust Manages Complexity

Education

NQF Level 9 – Masters

Closing Date

19 November 2026 , 23:59

Old Mutual Story

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. Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.