Senior Risk and Compliance Officer at Old Mutual

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



Job Description



Business Partnership & Advisory







Partner with senior leaders within the business to align their objectives with Governance, Risk & Compliance (GRC) requirements, adding value to strategic and operational decisions.

Develop strong, trusted relationships with stakeholders to ensure GRC perspectives are integrated effectively into business strategies and operations.

Prepare and present reports, insights, and recommendations to leadership teams on risk and compliance and 1st line performance, highlighting key risk and compliance trends.



Compliance Management







Collaborate with management to understand business objectives, regulatory requirements, and applicable group-wide standards, policies and frameworks.

Provide training and guidance to staff on governance, risk and compliance requirements.

Handle the management and execution of second line monitoring and assessment program for Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF);

Improve and maintain AML/CTF policies and procedures

Oversight responsibility as Data Protection Supervisor and Anti Money Laundering Reporting Officer.



Risk Management and Mitigation







Ensure comprehensive oversight across all layers of risk, including strategic, tactical, operational, process, and project-related risks within the business segments.

Lead and/or facilitate the identification, classification, monitoring, and reporting of risks at each level, ensuring that they align with the organization’s risk appetite and governance frameworks.

Synthesize findings from risk assessments to identify gaps, inconsistencies, or emerging risks, translating these insights into actionable recommendations for business units.

Regularly report on risk gaps and develop action plans that drive meaningful and measurable improvements in risk management across all levels.

Assist in developing and implementing risk management plans, mitigation strategies, and contingency plans intended to support the achievement of business objectives.

Monitor the risk environment continuously, identifying emerging risks and reporting on trends and developments that could impact the business.

Facilitate risk assessments and risk review meetings, ensuring that risk controls are effective and aligned with the organization’s risk appetite.

Participate in cross functional groups to implement or enhance controls based on organizational transformations and assist with automating controls and testing where appropriate.



Financial Risk Management







Manage and embed Financial Risk Management aligned to the Financial Risk Management Framework.

Provide 2nd line oversight of financial risk management activities.

Research risk appetites for various types of risks, considering business strategy, financial objectives, inherent risk factors, expected returns for different types of risk and diversification benefits

Research specific targets and limits for different types of risk including capital at risk & earnings at risk.

Model various future scenarios allowing for changes in economic, investment market and business conditions to be able to advise management on potential outcomes and the management actions that can be taken to protect the company

Develop resolution and recovery plans for negative scenarios



Risk & Compliance Culture







Manage risk and compliance officers to ensure delivery of risk and compliance operational plan.

Support CRO & Line 1 Management to identify actions that will improve the risk and compliance culture.

Participate in and contribute to relevant deep-dives and reviews of strategic programs



Establishes and embeds compliance in area of responsibility. Ensures compliance within area by implementation of compliance risk management and monitoring plan. Reports on compliance breaches to line management and Senior Compliance Officer/Compliance Executive. Facilitates resolution of compliance breaches. Assists in mitigation of compliance risk. Utilises limited legislation, and impact of legislation on the BU/functional area is limited."



Responsibilities



Regulatory and Compliance Management



Investigate all kinds of incidents and reports and provide expert advice to more senior colleagues. Minimize risk exposures and ensure adherence with regulatory standards by working with all internal functions to make sure compliance programs are properly implemented.



Regulatory Affairs



Take responsibility for managing and delivering a designated work program.



Quality Management System



Contribute to the identification and evaluation of current policies and business processes that are in the scope of the quality management system (QMS); contribute to the design of the QMS; provide specialist quality management input to the drafting of new policies and procedures and the design of business processes; contribute to the quantification of the costs and business benefits of change.



Audit Compliance



Manage a portfolio of audit assignments. Ensure that the team plans and delivers audits that cover identified risk areas, and that appropriate corrective actions are agreed on with auditees. Resolve issues arising from audits and refer serious or contentious issues to the audit program leader.



Stakeholder Engagement



Contribute to stakeholder engagement by identifying stakeholders; by finding out their needs, issues, and concerns; and by reacting to these needs, issues, and concerns, arranging meetings and events and drafting supporting materials to promote understanding and commitment.



Policy Development and Implementation



Work within established procedures to achieve specified goals.



Organizational Capability Building



Provide coaching to team members to develop their skills.



Information and Business Advice



Resolve queries from internal or external customers or suppliers by providing information on complex processes and the related policies, referring issues to others where necessary for interpretation of policy.



Document Preparation



Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports.



Skills



Compliance Software, Data Compilation, Engineering Standards, Large Group Presentations, Legal Practices, Management Reporting, Oral Communications, Policies & Procedures, Presenting Solutions, QA Methodologies, Regulatory Compliance Management, Requirements Development



Competencies



Action Oriented



Balances Stakeholders



Financial Acumen



Instills Trust



Interpersonal Savvy



Manages Complexity



Optimizes Work Processes



Persuades