Risk Officer

Old Mutual; Johannesburg; On-site; ZAR 600 000 - 850 000; Full time

Job summary

A financial services company in Johannesburg is seeking an experienced professional to establish and maintain the Enterprise Risk Management (ERM) framework. Responsibilities include providing risk management oversight, coordinating risk governance forums, and integrating the CURA risk management tool. The ideal candidate should possess a Bachelor's degree and skills in risk management, stakeholder management, and strategic thinking. This role contributes significantly to the regional ERM function's strategic ambitions.

Responsibilities

• Maintain the ERM framework while monitoring prescribed risk management standards.
• Act as a change agent for risk management communication and implementation.
• Promote risk identification processes and develop cross-organisational views.
• Lead CURA tool integration and oversee risk data management.
• Contribute to annual ERM business plan and independent reviews.

Skills

Business Acumen

Compliance Management

Governance

Operations Management

People Management

Risk Management

Stakeholder Management

Strategic Thinking

Education

Bachelors Degree

Job description

Job Location : Johannesburg, Gauteng, South Africa Application Deadline : September 29, 2026

Job Description

• Embed and enhance ERM methodology requirements for OMAH. Provide guidance, coaching and support to the 1st line of defence, so they are enabled to fulfil their risk management responsibilities. Support OMAH 1st line of defence in adopting OML governance policies and assist in the socialisation and embedment of ERM policy requirements.
• Oversee the coordination and consolidation of internal reporting to various governance structures at an OMAH and OML level. Develop and execute upon the annual OMAH Risk Assurance plan and conduct independent reviews.
• Plan and co-ordinate quarterly risk governance forums, executing upon secretariat duties required for efficient and seamless engagement.

Responsibilities

Establish and maintain the ERM framework for OMAH (OMR Centre).

• Provide objective oversight, monitor and report on the maintenance of prescribed minimum standards in the OML risk management strategy, methodologies, risk policies, and processes, and initiates appropriate corrective action as may be required.
• Act as change agent for the communication and implementation of risk management requirements and standards and actively promote embedding of a risk culture by 1st line of defence in relation to decision making.
• ERM Methodology: Embed and enhance ERM methodology requirements for OMAH/ OMAR Centre. Provide guidance, coaching and support to the 1st line of defence risk owners, controls owners, risk indicator owners, management action owners and risk co-ordinators, so they are enabled to fulfil their risk management responsibilities.
• Promote and co-ordinate the processes by which the OMAH (OMAR Centre) 1st line of defence identifies, measures, monitors, manages and reports on material risks within their functional area of responsibility, while developing a cross-organisational view of the potential impacts.
• Risk Policy Suite: Support OMAH 1st line of defence in adopting OML governance policies and applying requirements.
• Assist in the socialisation and embedment of ERM policy requirements across the OMAR portfolio and oversee compliance at an OMAR Centre and Country level
• CURA: Lead the integration of the CURA risk management tool for OMAH (OMAR Centre) 1st line of defence and oversee risk, event, control, action, indicator and exposures (waivers and risk acceptances) data within the OMAH domain
• Risk Reporting: Oversee the coordination and consolidation of internal reporting to various governance structures at an OMAH and OML level, ensuring that OMAH risk self-assessment results, aggregated risk reports and independent assurance reports are produced.

Contribute to the strategic ambitions of the OMAH ERM function.

• See to the finalisation of the annual ERM business plan requirements and independent review of OMAR business strategy
• Develop and execute upon the annual OMAH Risk Assurance plan. Conduct independent reviews to assess the effectiveness of risk management practices and internal controls.

Responsible for the operational effectiveness of OMAR ERM.

• Provides risk management advice/inputs and on occasion attends key strategic and operational meetings, thereby ensuring appropriate knowledge and insight
• Plan and co-ordinate quarterly risk governance forums, executing upon secretariat duties required for efficient and seamless engagement.
• Plan and co-ordinate the annual OMAR ERM Conference and quarterly CRO Collaboration sessions
• Facilitate and support in the execution, monitoring and reporting on the requests and instructions issued by Group Risk and the OML Chief Risk Officer. Initiate appropriate corrective action as may be required.

Skills

• Business Acumen, Compliance Management, Governance, Operations Management, People Management, Risk Management, Stakeholder Management, Strategic Thinking

Competencies

• Business Insight
• Courage
• Decision Quality
• Ensures Accountability
• Financial Acumen
• Instills Trust
• Manages Complexity
• Optimizes Work Processes

Education

• Bachelors Degree (B) (Required)

Closing Date

• 02 October 2025