Risk and Compliance Manager

Old Mutual Life Assurance Company (SA) Ltd (PFA); Cape Town; Sur place; ZAR 1 000 000 - 1 400 000; Plein temps

Résumé du poste

Old Mutual Life Assurance Company (South Africa) Limited is seeking a Risk and Compliance Manager to lead design, implementation and ongoing management of the risk and compliance function. The role reports to the Head of GLRC and operates within the Symmetry division across regulatory footprints including FAIS, CISCA, FICA, and POPIA.

The incumbent will own the first line risk and compliance programs, drive remediation with evidence, and provide concise written reporting to governance forums and

Qualifications

• First line risk and compliance ownership across FAIS, CISCA, FICA, POPIA duties and governance.
• Experience designing, implementing and monitoring risk controls and regulatory processes.

Responsabilités

• Own the first line risk management framework and control self-assessment.
• Lead incident management, root cause investigations and remediation tracking.
• Oversee compliance mapping to FAIS, CISCA, FICA, POPIA and FSCA standards and governance reporting.

Description du poste

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

Symmetry requires a Risk and Compliance Manager to lead the design, implementation and ongoing management of the risk and compliance function for the business, reporting to the Head of GLRC. Symmetry operates as a division of Old Mutual Life Assurance Company (South Africa) Limited within the Old Mutual Wealth cluster, across institutional, retail and private markets segments, with a regulatory footprint spanning FAIS, CISCA, the Financial Intelligence Centre Act (FICA) and the Protection of Personal Information Act (POPIA).

The role owns Symmetry's first line risk and compliance function: the overall risk framework, the compliance management and monitoring plan, and the FAIS, AML, privacy and third-party risk processes that sit beneath them. It evaluates whether controls are designed and operating effectively, drives remediation to closure, and reports on the risk and compliance profile of the business to the Symmetry Governance Forum and Old Mutual Wealth governance committees. Clear, concise written work in plain language is a day one requirement, not a development objective.

This is a first line role. It does not carry an appointment as the FSCA approved compliance officer for the license under which Symmetry operates. It works alongside Old Mutual Wealth second line risk and compliance within the combined assurance model.

Key Responsibilities

PRIMARY | Risk Framework and Management

• Own Symmetry's first line risk management framework in line with Group and Old Mutual Wealth risk policies and setting the approach to risk and control self assessment, incident management and key risk indicators across every Symmetry team
• Lead risk and control assessments with each team and maintain the Risk and Control Matrix that forms the business risk profile, evaluating control design and operating effectiveness and determining residual risk ratings
• Own the risk incident process end to end: overseeing prompt logging, leading root cause investigations with the business and service providers, assessing client, financial and regulatory impact, finalising incident reports and confirming that corrective actions are closed with evidence
• Own the risk register so that entries are current, concise and accurately reflect inherent and residual risk, control effectiveness and action status
• Define and monitor key risk indicators and escalation thresholds, identify emerging risks and changes in the control environment, and elevate them to the Head of GLRC promptly
• Lead first line oversight of key outsourced service providers, including the fund administrator, through review of service levels, incidents, reconciliation breaks and control assurance reporting, escalating where performance falls outside agreed tolerances

PRIMARY | Compliance and Monitoring

• Design, implement and maintain Symmetry's compliance function, mapping requirements under FAIS, CISCA, FICA, POPIA and FSCA conduct standards to business owners, processes and controls
• Own the FAIS supervision and Fit and Proper framework for representatives and key individuals, including supervision arrangements, Fit and Proper evidence (including competence and continuous professional development) and the accuracy of the representative register and records held with the FSCA
• Lead Symmetry's first line implementation of Group compliance requirements, including the Risk Management and Compliance Programme under FICA and the POPIA privacy processes, covering training, attestations, incident escalation and record keeping
• Operate third party risk management under the Group TPRM Framework: maintaining the vendor inventory and risk tiering, coordinating periodic attestation cycles, and tracking issues to resolution
• Track regulatory change across FAIS, CISCA, FICA, POPIA and FSCA communications, assess the impact on processes and controls, and lead implementation within the business
• Oversee breach reporting from the administrator and management company on mandate, CIS portfolio limit and Regulation 28 constraints, escalating to the Head of GLRC and the investment team and tracking resolution

PRIMARY | Governance, Reporting and Regulator Engagement

• Prepare and present risk and compliance reporting, including key risk and compliance indicators, incident trends and remediation status, to the Head of GLRC, the Symmetry Governance Forum and Old Mutual Wealth governance committees
• Manage the quarterly Governance Forum: agenda, papers, minutes, action tracking and follow up reporting
• Coordinate first line input into internal audit, second line reviews and independent assurance reviews, including evidence preparation and tracking of findings to closure
• Prepare FSCA submissions, notifications and correspondence on matters delegated by the Head of GLRC, and manage regulatory information requests within required timelines

SECONDARY | Policy and L