Risk Strategy Head

Old Mutual Limited; Cape Town; On-site; ZAR 1,200,000 - 1,800,000; Full time

Job summary

A leading financial services organization in Cape Town is seeking a Risk Strategy Head. This role is pivotal in integrating risk management into strategic decision-making, ensuring alignment with OM Bank's growth objectives. The ideal candidate will have extensive experience in risk management and strategic analysis, contributing to market expansion and corporate transactions. Strong leadership and stakeholder engagement skills are essential for supporting commercial growth and operational excellence.

Qualifications

• Minimum of ten years in risk management or related roles within a financial institution.
• Experience in risk analytics, reporting, and managing risk frameworks.
• Experience with management and data processing tools is desirable.

Responsibilities

• Lead risk assessment and due diligence for strategic initiatives.
• Develop and implement strategic risk integration frameworks.
• Conduct market and competitor analysis through a risk lens.

Skills

Adaptive Thinking

Business Requirements Analysis

Change Management

Data Compilation

Oral Communications

Planning and Organisational Skills

Policy Development

Risk Management

Strategic Analysis

Strategic Planning

Stress Resistance

Education

Master's degree in Business Administration, Actuarial Science, Finance, Economics, Law, or related fields

Professional certifications such as CFA or FRM

Job description

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

Job Description The Risk Strategy Head supports the Chief Risk Officer in developing and delivering the risk strategy for OM Bank.

This role plays a critical part in ensuring the bank's risk function is aligned with its growth objectives, strategic partnerships, and evolving business model.

The Risk Strategy Head engages with senior leadership and stakeholders to integrate risk management into strategic decision-making, gaining valuable exposure to commercial considerations and strategic growth initiatives.

This role is strategic, highly analytical, and commercially oriented, designed to provide deep thinking, structured analysis, and decision support on matters such as : market entry and growth opportunities, mergers and acquisitions, partnership due diligence, new product or channel risk evaluations, and alignment of risk appetite with strategy.

The role will also involve contributing to the risk assessment of new commercial strategies and collaborating with commercial teams, providing a foundation for understanding the drivers of revenue and customer growth within a competitive banking environment.

KEY RESULT AREAS Lead risk assessment and due diligence for all strategic initiatives including market expansion, capital deployment, business model innovation, and the consolidation of banking and lending activities from the broader OML Group to OM Bank.Develop and implement a robust strategic risk integration framework specifically for corporate transactions, ensuring seamless alignment of risk management practices.Collaborate with the Head of ERM and other relevant teams throughout the lifecycle of strategic initiatives to ensure a holistic view of strategic risk.Contribute to risk assessment and due diligence of new products, services, and customer acquisition strategies, focusing on strategic risks and opportunities.Conduct market and competitor analysis through a risk lens, identifying threats and opportunities related to the bank's commercial strategy.Work closely with cross-functional teams, including compliance, audit, finance, product, and engineering, to develop cohesive risk management strategies and embed risk principles into daily operations and strategic planning.Develop and present risk assessments, recommendations, and insights to the OM Bank CRO and EXCO.Partner with the Head of Enterprise Risk Management to evaluate implications of strategic transactions on capital, liquidity, and financial stability.Participate in the development and refinement of OM Bank's strategic risk framework, ensuring alignment with business strategy.Engage in strategic planning sessions with various teams to provide a risk perspective on commercial decisions.Establish strong relationships with key stakeholders within OM Bank and the broader OML Group for strategic risk discussions.Identify and assess emerging risk trends in banking and fintech sectors globally and locally.Develop an annual risk SWOT analysis for OM Bank.Participate in committees such as the Investment Risk Committee and other relevant groups.ROLE REQUIREMENTS Work Experience Minimum of ten years in risk management or related roles within an investment or financial institution.Experience in risk analytics, reporting, advisory, and managing risk frameworks and systems.Experience with management and data processing tools is desirable.Experience responding to audits is desirable.Qualifications Master's degree or equivalent in Business Administration, Actuarial Science, Finance, Economics, Law, or related fields; or a first-level degree with relevant experience.Professional certifications such as CFA or FRM are desirable.Skills Adaptive Thinking, Business Requirements Analysis, Change Management, Data Compilation, Oral Communications, Planning and Organisational Skills, Policy Development, Risk Management, Strategic Analysis, Strategic Planning, Stress Resistance.

Closing Date 29 May , 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! About UsOld Mutual is a premium African financial services organisation offering a broad spectrum of financial solutions across 14 countries.

Our lines of business include Life and Savings, Property and Casualty, Asset Management, and Banking and Lending.

We are committed to Championing Mutually Positive Futures Every Day, believing that a great customer experience is rooted in a great employee experience.

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Risk Strategy Head • Cape Town, Western Cape