Senior Credit Risk Leader 2nd Line Oversight

Old Mutual Finance (Pty) Ltd; Johannesburg; On-site; ZAR 3,000,000 - 5,200,000; Full time

Job summary

Old Mutual Finance (Pty) Ltd seeks a Head of Credit Risk (Line 2) to oversee unsecured and secured credit risk portfolios across OM Bank. You will provide independent oversight, challenge risk strategies, and ensure alignment with RAF and regulatory requirements.

You will engage with senior stakeholders, lead reporting for Exco and risk committees, and drive risk governance across origination, collections, and provisioning. Strong leadership and regulatory knowledge are essential.

Qualifications

• Bachelor’s Degree or higher in a relevant field.
• 15+ years’ experience in credit risk management within banking.
• Strong understanding of origination, account/limit mgmt, collections, IFRS 9.
• Experience with regulatory requirements incl. Banks Act and Basel.

Responsibilities

• Provide independent 2nd line oversight of unsecured and secured credit portfolios.
• Lead risk reporting to Exco, Board committees and risk forums.
• Define and monitor risk appetite metrics and portfolio performance.
• Oversee IFRS 9 provisioning, staging, and management overlays.
• Ensure regulatory compliance and effective stakeholder engagement.

Skills

Leadership

Stakeholder management

Data analytics

Regulatory knowledge

Credit risk management

IFRS 9

Communication

Education

Bachelor's Degree

Post-graduate qualification in Credit Risk/related field

Tools

Risk modelling software

Job description

Old Mutual Finance (Pty) Ltd seeks a Head of Credit Risk (Line 2) to oversee unsecured and secured credit risk portfolios across OM Bank. You will provide independent oversight, challenge risk strategies, and ensure alignment with RAF and regulatory requirements.

You will engage with senior stakeholders, lead reporting for Exco and risk committees, and drive risk governance across origination, collections, and provisioning. Strong leadership and regulatory knowledge are essential.