Risk Officer

Old Mutual; Wes-Kaap; On-site; ZAR 700 000 - 900 000; Full time

Job summary

A leading financial services firm is seeking a mid-level Enterprise Risk Specialist based in Cape Town. This role involves advising and supporting management on effective risk management practices, preparing risk reports for executive forums, and enhancing risk culture within the organization. Candidates should hold a Bachelor’s degree and have 4-7 years of relevant experience in enterprise risk, with strong analytical and communication skills. The company promotes diversity and is committed to an equitable workplace.

Qualifications

• 4-7 years' experience in enterprise risk, internal audit, or risk advisory, preferably within financial services.
• Strong analytical, stakeholder engagement, and communication skills.
• Change resilience is critical to support Line 1 management in a constantly changing environment.

Responsibilities

• Advise Line 1 management on risk management processes and controls.
• Prepare and present risk reports to Executive and Senior Management.
• Influence and strengthen the risk culture within assigned business units.

Skills

Action Planning

Data Analysis

Stakeholder engagement

Communication

Education

Bachelor’s degree

CA(SA) or professional qualification in risk management

Tools

Analytics Software

Database Reporting

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.

Job Description

An exciting opportunity exists for a mid-level Enterprise Risk Specialist to take the next step in their career within the Enterprise Risk Management (ERM) team in OML Group Risk. This Cape Town–based Line 2 role reports to the Senior Risk Officer and offers exposure to enterprise-wide risk management, senior stakeholders and Board-level governance.

Key Result Areas

Advisory & Risk Partnership

• Partners, supports and advises Line 1 management across the value chain to embed effective risk management practices.
• Contribute to, and where necessary, challenge the alignment of the business level strategies with the OML Group strategy, risk strategy and risk-return framework.
• Provide constructive challenge and advice on alternative or additional management actions to ensure residual risk remains within appetite.

Risk Management & Control Environment

• Advise Line 1 management on the design and enhancement of risk management processes and controls to manage risks.
• Ensure consistent implementation of the risk management lifecycle (identify, assess, respond, monitor and report risks) at business unit level.
• Monitor and assess the adequacy and effectiveness of the risk management system, internal control environment and the accuracy and completeness of risk reporting.
• Provide insight to enable the prioritisation of remediation actions for control weaknesses.
• Ensure risk limits breaches/risk events are identified, escalated and addressed timeously; and challenge the effectiveness of corrective actions.
• Apply independent challenge and form a Line 2 opinion on the business unit’s risk profile and control environment.
• Support the rollout and embedding of risk strategies, frameworks, and policies in line with OML requirements.
• Support Line 1 management with quarterly and annual risk processes.
• Provide support to business unit management in carrying out risk-related responsibilities and influencing risk-based decision making.

Reporting

• Define and maintain standards and requirements for risk reporting.
• Prepare and present Line 2 risk reports to Executive and Senior Management Forums, as well as Board Meetings and Committees.

Risk Culture

• Positively influence and strengthen the risk culture within assigned business units.
• Support Line 1 management in identifying and implementing actions to enhance risk awareness and accountability.

Centre of Excellence Activities

• Contribute to one or more ERM Centre of Excellence initiatives, including operational risk management activities.
• Participate in risk deep-dives, thematic reviews, and execute assessments of strategic programs.

Qualifications, Skills and Experience

• Bachelor’s degree required.
• CA(SA) or a professional tertiary qualification in risk management, audit, operations/engineering will be advantageous.
• 4–7 years’ experience in enterprise risk, internal audit, or risk advisory, preferably within financial services, particularly in Wealth and Investment management.
• Sound understanding of ERM frameworks, Line 2 oversight, risk appetite and internal controls.
• Strong analytical, stakeholder engagement and communication skills, with the ability to provide constructive challenge.
• Experience with Boards and Executive/Senior level forums and stakeholders.
• Change resilience is critical, to support Line 1 management with a constantly changing environment.
• A curious, proactive mindset with a keen interest in emerging risks and evolving risk practices.

Skills

Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review, Solution Analysis

Competencies

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

Education

Bachelors Degree (B) (Required)

Closing Date

05 February 2026 , 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!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.