Security Governance and Risk Lead

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

Job summary

Old Mutual Limited seeks a Security Governance and Risk Lead to steer the Group Information Security Governance Framework and risk management across the organisation. You will define operating models, forums, and escalation paths to ensure adherence to security principles and regulatory obligations.

You will oversee governance across clusters, maintain policy standards, and drive maturity in security controls, boasting strong leadership and stakeholder management capabilities.

Qualifications

• Bachelor’s or Master’s degree in Information Security, Cybersecurity, IT, Risk Management or Governance.
• 8–10 years in information security, governance or risk functions.
• 3+ years in a management role.

Responsibilities

• Develop, maintain and improve the Group Information Security Governance Framework.
• Define governance operating models, forums and escalation paths.
• Monitor compliance with security requirements, risk appetite and policy standards.
• Oversee security risk governance and report progress to governance forums.
• Drive capability maturity and standardized ways of working across clusters.

Skills

Information security governance

Risk management

Cyber resilience

Leadership

Stakeholder management

Written communication

Problem solving

Education

Masters degree

Relevant bachelor’s degree

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

The Security Governance and Risk Lead is responsible for leading the development, implementation, maintenance, and oversight of the Group Information Security Governance and Risk Management Framework. The role ensures that all business clusters operate within approved security principles, policies, standards, risk appetite, minimum security requirements, and regulatory obligations. The role defines and maintains the governance structures, security frameworks, control requirements, and methodologies that guide Information Security Officers and security practitioners across the Group. It provides independent oversight and assurance that business clusters comply with Group security requirements while operating within the organisation’s Tight and Loose Security model.

Group Technology & Transformation | IT Governance Risk & Compliance

Job Description

Group Security Governance

• Develop, maintain, and continuously improve the Group Information Security Governance Framework.
• Define security governance operating models, forums, decision rights, and escalation paths across the Group.
• Maintain Group-wide information security principles, policies, standards, procedures, control requirements, and governance artefacts.
• Drive adoption of consistent governance practices across business clusters, technology teams, and security functions.
• Provide independent oversight of cluster-level alignment to Group security requirements, governance decisions, and risk appetite.

Tight and Loose Security Governance

• Define and maintain the Group’s Tight and Loose Security principles, ensuring clarity on mandatory controls and areas where local implementation flexibility is permitted.
• Identify and classify controls that are mandatory and non-negotiable, as well as minimum standards that allow implementation flexibility based on business context.
• Review exception requests, deviations, and compensating controls to ensure decisions remain aligned to risk appetite and governance requirements.
• Monitor implementation consistency across clusters and report compliance, deviations, and systemic issues to governance forums.

Security Framework Ownership

• Maintain, and enhance the Information Security Policy, Security Standards Framework, Cyber Security Framework, and Security Risk Management Methodology.
• Maintain security control libraries, security baselines, security assurance requirements, metrics frameworks, and exception management processes.
• Define and maintain governance requirements for emerging areas including AI security governance, cloud security governance, and cyber resilience.
• Ensure frameworks remain practical, risk-based, measurable, and capable of being consistently applied by Information Security Officers and security practitioners.

Security Risk Governance

• Define Group security methodologies, assessment approaches, risk appetite measures, and reporting criteria.
• Ensure consistent identification, assessment, treatment, monitoring, and reporting of security risks across business clusters.
• Review emerging security risk trends affecting the organisation and translate these into governance actions, control improvements, and executive insights.
• Oversee security risk governance activities performed by Information Security Officers and **escalate** material risks, systemic control weaknesses, and unresolved risk exposures.

Information Security Oversight and Assurance

• Provide governance direction, methodologies, processes, templates, and assessment approaches used by Information Security Officers across the Group.
• Perform thematic reviews across clusters to identify systemic weaknesses, control gaps, maturity concerns, and areas requiring focused remediation.
• Track corrective actions to closure and report governance concerns, non-compliance issues, and risk treatment progress to appropriate forums.
• Drive capability maturity improvements across the organization, with standardised ways of working across business clusters.
• Develop and maintain reporting covering security maturity trends, cluster compliance scores, security risk exposure, control effectiveness, policy compliance, risk treatment progress, exception reporting, and regulatory compliance status.

Regulatory and Industry Alignment

• Ensure Group security governance frameworks remain aligned to applicable regulatory, industry, and good-practice requirements, including Joint Standard 1 of 2023, Joint Standard 2 of 2024, POPIA, NIST Cybersecurity Framework 2.0, ISO/IEC 27001, ISO/IEC 27005, ISO/IEC 42001, COBIT, CIS Critical Security Controls, and financial sector cyber resilience expectations.

Qualifications, Experience and Skills

• Relevant tertiary qualification in Information Security, Cybersecurity, Information Technology, Risk Management, Governance, Audit, or a related discipline.
• 8 -10 years of experience in information security, governance, risk management, cyber resilience, technology risk, or related control functions.
• 3+ years of experience in a management role.
• Proven experience developing, implementing, and maintaining enterprise-wide security governance frameworks, policies, standards, control libraries, and risk methodologies.
• Experience operating within financial services or another highly regulated environment, including engagement with regulators, risk committees, audit teams, and executive leadership.
• Strong working knowledge of information security governance, technology risk, security control design, assurance practices, regulatory obligations, and cyber resilience frameworks.
• Excellent leadership, stakeholder management, analytical, written communication, facilitation, negotiation, and problem-solving skills.

Preferred Certifications

• Highly desired: CISSP, CISM, CRISC, or CGEIT.
• Advantageous: ISO/IEC 27001 Lead Auditor, COBIT Design and Implementation, ISO/IEC 42001 Lead Implementer, Certified in Risk Management Assurance (CRMA), CISA, or equivalent relevant certification.

Skills

Adaptive Thinking, Business Requirements Analysis, Change Management, Cultural Awareness, Current State Assessment, Data Compilation, Executing Plans, Gap Analysis, Identifying Customer Needs, Legal Practices, Policies & Procedures, Policy Development, Presenting Solutions, Readiness Assessments

Competencies

Action Oriented

Builds Effective Teams

Communicates Effectively

Cultivates Innovation

Ensures Accountability

Manages Complexity

Nimble Learning

Optimizes Work Processes

Education

NQF Level 9 – Masters

Closing Date

19 November 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!