Company Founded: Founded in 1920

Risk Surveyor

Job Description

The Risk Surveyor will be responsible for assessing and analyzing potential risks associated with our clients, identifying potential hazards, evaluating the level of risk, and developing effective risk management strategies. This position offers an excellent opportunity to further experience in insurance risk surveys, work closely with the business development, reinsurance, underwriting and claims teams.

Conducting and carrying out detailed physical risk surveys at client’s premises.
Taking and collecting photographic evidence during the physical surveys.
Writing internal risk survey reports and reviewing external risk survey reports for underwriters.
Making recommendations to underwriters about the required risk improvements after a survey.
Providing advice to clients and making recommendations about required improvements.
Follow up with clients (brokers/agents/direct clients) on the progress of implementation of the agreed risk recommendations versus the stipulated timelines.
Maintaining awareness on the changes in legislation regarding risk protection and improvement.
Working with risk control team and other departments to maintain high technical knowledge and standards within the business.
Keeping up to date with technical aspects and emerging trends affecting risks e.g. trade processes, legislations, and hazardous materials.
Any other duty assigned from time to time.

Apply via :

oldmutual.wd3.myworkdayjobs.com

October 30, 2024
Senior Actuarial Valuations Specialist Database Administrator

JOB SUMMARY

   Ensure provision of Actuarial Services to UAP Old Mutual Uganda by working closely with the Business Entities and other Group Functions to meet their needs. This includes reserving, pricing, product reviews, experience reviews and solvency and capital management
   Conduct accuracy checks, and analyses data to draw conclusions and make recommendations
   Generate actuarial reports on various technical issues to the Head of Life Actuarial, Senior Management and Board of Directors.

KEY TASKS AND RESPONSIBILITIES

Technical Actuarial Support; Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries, analysis of profitability/surplus, calculation and analysis of embedded value using Prophet and MS Excel for UAP entities
Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report for the BUs.
IFRS 17 Project Support; Work closely with the wider Finance Team and Old Mutual Africa Regions to deliver on the key deliverables and operationalise IFRS17 reporting.
Product Profitability Review; Perform profitability analysis, experience analysis, and other relevant actuarial investigations for UAP BUs to inform business decisions.
Solvency and Capital management; Carry out solvency computation for the entity on a risk-based capital basis including solvency stress tests.
Financial Modelling; assist with financial modelling of business scenarios/projects to inform business decision making.
Strategy and Business Planning Support; assist with business planning financial projections and solvency projections for the Old Mutual entities. Perform stress and scenario analysis on the plan numbers.
Reinsurance Support; Carry out a reinsurance analysis for the East Africa subsidiaries to explore ways to optimize on reinsurance arrangements.
Reporting and Documentation; Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
Risk Management support; assist the Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate.
Investment Strategy support; Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for the Old Mutual life businesses.
Other reasonable duties that may be assigned by management.

QUALIFICATIONS

Bachelor of Actuarial Science or other related finance or mathematics degree
Minimum 8 years actuarial experience
Actuarial Knowledge: Nearly qualified or qualified actuary, 8 papers and above

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Use the link(s) below to apply on company website.

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October 30, 2024
Safeguarding Consultant

Responsibilities:

Specifically, the consultant will be responsible for the following:

Working closely with the LEAP project Manager and Safeguarding Focal points, adapt the FCDO assessment tool/Checklist to assess policies, Guidelines, internal and external reporting, and escalation frameworks for partners (AVF, Xavier, DRC, FCA) and make recommendations on areas for improvement.
Review project components to design and deliver bespoke 3 -day training for different project teams; refugee and host teams. (Head teachers, focal point teachers, Community mobilizers).
Identify key areas for capacity building and prepare and deliver physical training for the program teams in safeguarding.
Develop a safeguarding 3-day training guide that can be used by counselors to deliver refresher training for project teams. (A training manual with contextualized case studies and activities.)
Design and deliver a bespoke 3-day Training of Trainers workshop for Project counselors
Develop a work plan with a clear assigned Level of effort and deliverables.
Contribute to the design and implementation of safeguarding visibility materials and outreach plans.
In collaboration with the safeguarding officer and MERL teams, develop tools that support safeguarding Monitoring for different project components.

Summary priority areas:

Priority area No. 1 Bespoke training for project teams
Priority area No. 2 Brief report on the SG status on LEAP partners
Priority area No. 3 Develop TOT training Guide for Counsellors
Priority area No. 4 Safeguarding Monitoring tools

Deliverables:

An adapted Safeguarding checklist / Assessment tool.
A brief report on the Safeguarding status of LEAP project partners with clear recommendations on areas to improve.
Training content for project teams.
Safeguarding reporting mechanism including adolescent-friendly reporting mechanism and disclosure procedures for LEAP partners based on the understanding of the Kakuma/ Kalobeyei contexT and particularly the referral process.
TOT content for counselors on safeguarding.
Simple and contextualized monitoring tools(Spot check) for WUSC and partner reporting tools.
Training reports (including pre and post test analysis).

Requirements

The Consultant should have:

Significant and relevant experience in developing and implementing safeguarding policies and procedures in conflict-affected contexts for programs targeting adolescents and youth.
Proven experience of facilitation of capacity strengthening and training on safeguarding.
Demonstrated experience in developing concise and clear guidance and templates on safeguarding measures.
Excellent oral and written communication in English.
Strong knowledge and experience of sub-Saharan Africa and adolescent programming (particularly in the refugee context) preferred.
Ability to establish and maintain good working relations with individuals of diverse backgrounds and cultures.

Key Skills and Competences

Strong technical background (Safeguarding or Gender and Inclusion) with demonstrated experience developing training manuals / content for risk management, safe programs, and safeguarding (including PSEA) in development and humanitarian settings.
Proven track record in developing training/learning modules, implementation guidance, and technical templates for diverse INGOs.
Demonstrated skills in developing engaging and effective learning and development materials on PSEA, safeguarding, and quality and accountability.
Excellent interpersonal and communication skills.
A solid understanding of best practices for content, tone, and style for an effective targeted communication.
Experience in developing content and facilitating adult learning programmes.
Ability to package information in the learning mythology to meet the needs of the audience.
Ability to facilitate peer-to-peer interaction and social learning in a safe space.

Qualifications and experience

Post graduate degree in social sciences, social work, human rights and preferably with a focus on protection/ child protection/ child rights. Relevant experience would compensate for lack of educational background
Experience designing and implementing comprehensive safeguarding systems for aid/humanitarian organisations.
Understanding of international best practice on safeguarding.
Experience designing and implementing safeguarding referral pathways and confidential incident reporting systems within the refugee context.

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docs.google.com

October 30, 2024
Graduate Programme

About – Graduate Programme

The Old Mutual Graduate Programme is aimed at graduates and postgraduate students seeking invaluable work experience.

What’s in it for you?

We will partner with you to craft a great career with Old Mutual that is in line with your career aspirations
Your voice is important to us and we will provide engagement platforms and tools to encourage meaningful dialogue
You’ll be exposed to a great culture based on diversity and inclusion that forms a strong foundation of our values
You’ll receive continuous coaching and development opportunities
You’ll gain access to industry experts as mentors and coaches
You’ll gain access to excellent learning and development opportunities
You’ll have an opportunity to make a difference in the communities in which we operate
You’ll benefit from a robust and structured programme

Where are the Old Mutual graduate positions based?

South Africa positions are based in

Cape Town
Johannesburg
Durban

Rest of Africa countries, positions are based in

Zimbabwe
Kenya
Nigeria
Malawi
Botswana
Ghana

Who can apply?

Only South African citizens will be considered for roles based in Cpt, Jhb and Dbn South Africa
Roles based in Rest of Africa will require relevant citizenship

More Opportunities

Our graduates are appointed into various roles across Old Mutual’s businesses.

Are you currently doing a post graduate degree or in your final year of study in one of the disciplines below? If yes, then we are looking for you!

BCom Information system
BSc IT systems
BSc Computer Science
BSc Computer/Software Engineering
BCom in Business/Finance qualification with Technology modules
Diploma in IT (3 years)
Advanced Diploma in IT
BSc Data Science

We are inviting you to apply if you are interested in joining the Old Mutual family.

Minimum Requirements

Are you a citizen/eligible to work in the country of application.
Are you able to work/relocate to any part of the country you are based in?
Have you achieved a minimum of 65% average across your studies?
Are you proficient in one or more of the following languages – Java , C#, C++, HTML, Python, SQL, JavaScript
Familiarity with industry tools and technologies: This can include cloud platforms (AWS, Azure, etc.), databases (SQL, NoSQL) and general web development principles.

Application process

Apply – Submit documents – CV, Transcripts, Grade 12 certificate
You will go through automated screening questions
Should you meet our requirements you will be requested to complete screening assessments
Once you have done your screening assessments, we will then review your profile against our requirements

Education

Advanced Diploma (AdvDip): Information Technology, Bachelor of Commerce (BCom): Computer and Information Science, Bachelor of Commerce (BCom): Mathematical Statistics, Bachelor of Science (BS): Information Technology, Diploma (Dip): Information Technology

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oldmutual.wd3.myworkdayjobs.com

October 30, 2024
Manager Credit Analysis – Faulu MFB

Job Description

Working closely with the Head of Credit. He /she will ensure compliance with internal credit policies & procedures and facilitate prudent management of credit risks while ensuring compliance with the CBK prudential guidelines. He /she will also ensure that all Credit proposals from the branches are reviewed for credit risks in accordance with internal policies and procedures, CBK prudential guidelines and best practice. He /she shall safeguard the institution against loss by ensuring accuracy, completeness and credit worthiness of proposals, recommend appropriate risk mitigation mechanisms such as proper securities and their perfection, relevant sanction conditions and post disbursement follow ups

KEY MEASURABLE GOALS.

Management of credit risks through analysis and recommend approvals for facilities within the Institutions tolerable risk levels.
Adherence to internal credit policies and loan administration procedures
Ensure that the PAR of the SME portfolio is within target.
Ensure high turnaround time (TAT) for all Credit proposals.

KEY RESPONSIBILITIES.

To ensure that Credit requests are analyzed against the canons of lending (Character, Capacity, Conditions, Capital, and Collateral) as a basis for making approval / decline recommendations.
Countercheck and approve all applications analyzed by analysts and ensure they are processed within the acceptable timelines.
Review of treasury dealer limits
To ensure that Sanction sheets and offer letters are prepared based on 1 above and ensure accuracy, completeness and neatness of the same for further approval by relevant Head Office Credit Committees
Prepare draft board papers for facilities requiring approval by the Risk Management Committee of the board for further review by management at Credit Administration departments.
Follow up with the branches to ensure fulfillment of ALL sanction conditions and other covenants prior disbursement of the facilities.
Submission of securities to security perfection officer within 12 hours of receipt from branches for further advise to legal department.
Verify Compliance to canons of consumer lending through inspection of ability to pay, fulfillment of consumer MOU requirements and proper documentation to ensure credit risk is adequately mitigated. Review loan security margins as per the existing market trends and advice the management on any necessary reviews.
Ensure there is a clear credit risk policy in place outlining the key mitigation processes.
Recommend policy reviews for customer service and risk management improvement based on experiences and industry trends.
Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within credit risk analysis.
Do any other duties that may be assigned by the Management.

STAFF SUPERVISION RESPONSIBILITIES

Credit Analysts

PERSON SPECIFICATION.

Essential

Education

University degree preferably in Accounting, Finance or Management

Knowledge and Skills

5 years’ experience in credit analysis in a busy environment
Credit and Financial analysis skills to effectively perform credit analysis and portfolio maintenance activities/tasks in a manner that consistently achieves high quality standards or benchmarks.
Knowledge of lending business and products
Knowledge and effective application of all relevant banking policies, processes, procedures and guidelines to consistently achieve required compliance standards or benchmarks.
Knowledge in debt recovery and collection
Knowledge in accountancy an obvious advantage
Knowledge of Credit Analysis in Group, Individual Micro Lending Methodologies

Experience

5 years

Personal Attributes

Capacity and willingness to work for long hours and within strict deadlines.
Excellent interpersonal skills
High degree of confidentiality
Analytical mind.
Knowledgeable on the Financial services sector
Assertive
Fast in decision making.
Honest
Highly organized
Creative and Innovative
Proactive
Good team player

Physical demands

Physically fit and versatile and able to work on a computer for long hours.

Desirable

Master’s Degree

Skills

Banking, Credit Analysis, Credit Processes, Credit Risks, Lending, People Management, Risk Analysis, Risk Management

Apply via :

oldmutual.wd3.myworkdayjobs.com

October 30, 2024
Strengthening Economic Opportunities for Refugees (SEOR) Manager

Job Role

Under the supervision of the Nairobi-based DREEM Senior Project Manager, the Program Manager will work closely in collaboration with the WUSC teams in Kenya and Canada, the DREEM Youth Advisory Committee, and the Mastercard Foundation team to manage the Strengthening Economic Opportunities for Refugees pillar.

Responsibilities:

Oversee the implementation of the Strengthening Economic Opportunities for Refugees pillar of the DREEM project including facilitation of financial inclusion, MSME business development and integration of international strategies into the local refugee context that will ultimately improve their economic strength;
Financial management of the Innovation Fund, including management of the grant disbursements and contract payments to partners;
Overseeing and managing the partner organization contracted to implement the Business Development Support;
Lead the selection and capacity building of a Refugee Led Organization to undertake BDS support of local businesses;
Coordinate with the crosscutting team to ensure effective integration of gender equality and social inclusion (GESI) and monitoring, evaluation, research and learning (MERL) in project design and implementation;
Manage relationship with partners and ensure positive relations with donors as well as with other local development organizations, local governments, and the business community;
Submit reports and work plans, in coordination with partners, Senior Program Manager and the crosscutting support team;
Represent the SEOR pillar of the DREEM project and actively participate in coordination of program reviews, technical discussions, regular and planned field visits;
Ensure strict budgetary adherence and monitoring and other duties as assigned.

Qualifications:

Master’s degree in Social Sciences, Economics, Finance, Trade, Business, Agribusiness, Markets Development or other equivalent academic background is preferred.

Experience & Competencies

The ideal applicant will combine experience and technical expertise in the higher education and/or forced migration sectors with a familiarity of the East African refugee context, a strategic and analytical mindset, excellent listening and interpersonal skills, and an ability to get things done.

Specific competencies:

Previous experience in the development arena working with marginalized and vulnerable communities;
A minimum of five (5) years working experience in the above areas;
Experience in programmes/projects design, implementation results based performance monitoring;
A strong understanding of market systems development, inclusive economies, and systems change-oriented interventions and projects;
Demonstrated commitment to gender and social inclusion and knowledge of the specific constraints and realities of challenges faced by refugee and displaced groups;
Diplomatic skills and experience with representation with a wide range of key stakeholders;
Experience working on a Mastercard Foundation project will be an added advantage;
Complete fluency in English is essential, ability to write articulately and cogently, and to edit at a similarly high level;
Experience in project monitoring and evaluation (M&E) and quality control;
Previous experience working with innovative financing instruments, such a challenge funds, guarantees or similar is preferred but not required;
Ability to adjust to changing priorities and undertake multiple tasks simultaneously;
Self-motivated with ability to take initiatives and work unsupervised;
Commitment to WUSC’s mission of building a better world for all young people, particularly displaced and refugee youth.

Other requirements

The role will require regular national and occasional international travel to refugee communities, conferences, workshops and meetings;
Ability to work a flexible schedule.

Apply via :

docs.google.com

October 30, 2024
Manager – Research and Development- Faulu MFB

Job Description

The position is responsible for researching, developing, and launching new products. Responds to company initiatives by driving new products and existing optimizations to meet customer needs. In this position, the
The Product Development manager works with individuals from across the company to identify and define target market segments, CVPs, niche markets market requirements, key business strategies, products and services and the competitive environment for the bank portfolio.

KEY MEASURABLE GOALS

Improved products performance based on set targets. Number of developed products following product development process Growth in market share through increased product uptake Research that delivers value addition to the Bank Developing compelling Customer Value Propositions Introduction of customer tailored products Growth of meaningful and brand equity metric .

KEY RESPONSIBILITIES

Product development

Product Strategy and Vision:

Develop and communicate a clear product development strategy aligned with company goals and market trends.
Identify market opportunities and customer needs to drive product innovation and differentiation.
Collaborate with stakeholders to define product vision, objectives, and success metrics.

Product development Planning and Execution:

Monitor product development progress, identify potential roadblocks, and implement strategies to mitigate risks.
Lead cross-functional teams, including business, marketing, and finance, to ensure efficient and timely product execution.
Create comprehensive product development plans outlining clear timelines, milestones, and deliverables.

Requirements Gathering and Analysis:

Collaborate with stakeholders, customers, and market research to gather and define product requirements.
Conduct competitive analysis to identify gaps and opportunities in the market.
Translate customer feedback into actionable product features and enhancements.

Product Design and Development:

Work closely with sector heads to create user-centered products.
Drive the development process, ensuring products meet quality standards, functionality, and performance expectations.
Foster innovation by encouraging creative problem-solving and out-of-the-box thinking.

Quality Assurance and Testing:

Collaborate with QA teams to identify and address any defects or issues during product development.

Launch and Market Introduction:

Support marketing to develop go-to-market strategies, including pricing, positioning, and promotional plans.
Coordinate product GTM plans ensuring alignment across marketing, business, and support teams.
Monitor post-launch performance and gather customer feedback for continuous improvement.

Cross-Functional Collaboration:

Manage the Product development committee which is a representation from all departments and is mandated by product development policies.

Budget Management:

Manage product development budgets, ensuring resources are allocated efficiently and effectively.

Reporting

Provide weekly, monthly and adhoc market and product reports.

Research and insights

Research Strategy and Planning:

Develop and execute a comprehensive research strategy aligned with organizational goals and objectives.
Collaborate with cross-functional teams to identify research needs and prioritize research projects based on business priorities.
Design research methodologies and frameworks to gather insights effectively.

Research Design and Execution:

Lead end-to-end research projects, including project scoping, designing research instruments, participant recruitment, data collection, and analysis.
Utilize both qualitative and quantitative research methods, such as surveys, interviews, focus groups, and market analysis, to gather relevant data.
Ensure research projects are conducted with rigor and adhere to ethical guidelines.

Data Analysis and Interpretation:

Analyze research data to extract meaningful insights, trends, and patterns.
Employ statistical analysis techniques to derive actionable recommendations from research findings.
Translate complex data into clear and concise presentations or reports for various stakeholders.

Strategic Insights and Recommendations:

Collaborate with leadership and cross-functional teams to translate research insights into actionable recommendations that inform business strategies and decision-making.
Present findings in a compelling manner to various audiences, conveying the implications and potential impact on business goals.

Market and Competitive Analysis:

Monitor industry trends, competitive landscape, and emerging market developments.
Provide regular updates on market dynamics and competitor activities to guide strategic planning.

Stakeholder Collaboration:

Work closely with internal stakeholders to understand their research needs and provide guidance on research methodologies.
Share weekly, monthly and adhoc reports as required.

STAFF SUPERVISION RESPONSIBILITIES

Staff Reporting Directly to the Job Holder

One

PERSON SPECIFICATION

The ideal candidate will be a strategic thinker with a proven track record in successfully bringing new products to market.
The Product Development Manager will play a crucial role in driving the entire product development lifecycle, from concept to launch, while collaborating with cross-functional teams to ensure product success.
Must be creative and an innovative thinker

Education

A Degree in a business, Economics, , statistics, marketing or social sciences field with relevant qualifications including marketing, insurance, communications and/or public relations.
Knowledge and Skills
Analytical and statistical tools to analyze and interpret data – SPSS, STATA, MS Word, Excel, and PowerPoint software.

Experience

7 years marketing research and marketing experience particularly in financial services
Experience in survey design, execution, analysis and other standard research methodologies

Personal Attributes

Strategic thinker with strong organizational and analytical skills
Excellent inter – personal skills
Staff supervisory capability
Highly motivated, flexible and adaptable nature.
Sharp knowledge of market trends

Apply via :

oldmutual.wd3.myworkdayjobs.com

October 30, 2024
IT Audit Manager Internal Auditor – Data Analytics Underwriter Business Development Officer

Job Description

The role supports the Group Head of Audit in assisting the Board and Executive Management to protect the assets, reputation and sustainability of the Old Mutual Group.

The role will be responsible for execution of IT audits across the Old Mutual business operations in East Africa, that include; Banking, Investments, Properties, Shor-Term and Long- Term Insurance.

Role Description & Key Result Areas:

Participates in audit plan development, and in updating the plan based on the changing risk profile.
Manages, and executes IT audits for Old Mutual Group in East Africa.
Helps the business to deliver IT strategic initiatives successfully by focusing on the significant risks, both existing and emerging.
Delivers IT audit and advisory assignments on time & in accordance with the Group Internal Audit (GIA) methodology.
Interacts with and provides IT audit assurance to the respective Audit and Risk Committees.
Participates in preparation of Board papers to ensure key issues noted in various reviews are captured.
Understands the risk profile of the business, gains and applies extensive industry knowledge in the various business lines.
Provides independent opinion on risk & control environment for the various business units or processes.
Supports the financial & operational internal audit staff with IT related aspects and adds value to audit assignments through an analytical approach to work.
Engages with business unit process owners to agree on IT audit deliverables (risk assessments, control workshops and adequacy assessments), timeframes and issues audit findings in relation to work done.
Challenges and influences the relevant executives to improve the IT governance, risk and control culture.
Manages staff within area of responsibility, including budgets.
Meets key customers to gain a better understanding of business expectations.
Provides clients with an understanding of Group Internal Audit (GIA) expectations.
Contributes to developmental interventions and on the job coaching.

Qualifications and Experience:

A bachelor’s degree with a focus in IT, data science or related discipline.
Professional qualifications such as CISA, CISM, CRISC, CGEIT, CEH, CIA and CPA, or any other relevant certification is an added advantage.
Minimum of six years IT audit experience within the internal audit function and / or external audit function.
Experience in the financial services industry is an added advantage.
Proficient in use of data analytics tools, and knowledge of continuous auditing.

go to method of application »

Use the link(s) below to apply on company website.

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October 30, 2024
Team Leader Sales

Job Description

Reporting to the Business Growth & Development Manager, the job holder will source for clients, retain them and maximize returns to the company by ensuring timely loan processing and payment. Growth of Liability, Asset, Bancassurance and quality Retail loan book in the branch through effective management of the Sales Teams.

Portfolio growth and management

Outreach/recruitment activities in customer on-boarding
Growth of Deposits both Cheap and Term deposit in line with the Bank Strategy
Growth of the Loan book through quality disbursements.
Growth of all Bancassurance products through all the Bank distribution
Identify schools, Government office, Churches and Corporates in areas of operations
On time Disbursement
Client retention and on time service delivery
To champion Salaried loans in the Branches
Facilitate timely employer by-products and reconciliations and remittances
Relationship Management of existing Schemes within the jurisdiction.
Recruitment, training and effective supervision of Sales Consultants
Performance Monitoring of Sales Consultants
Value addition by expanding the revenue basket through salary processing in existing relationships.

Loan underwriting/processing

Thorough documents scrutinization i.e. pay slips, national ID, staff IDs, etc
Ensuring every application is approved by the authorized signatories by conducting work station verification.
Documentation due diligence and integrity
Compliance to audit standards and company policy
Proper management of TAT on all loan applications.

Training Role

Dissemination of information to prospective clients about Faulu.
Recruitment, Continuous SCs training and Motivation
Client motivation and enhanced relationship management.
Ensuring clients understand operations policy

Default management

Ensuring requisite employers’ approvals on all application.
Understanding the underlying causes of default
Compliance to policy in the initial period of recruitment
Ensuring all the applications meets the third rule
Prompt payment collection
Timely Salary processing for the customers

A link with the public

Liaise with local administration
Ensure well-managed relationships with the institutional heads of various Corporates.
Ensure well-managed relationship with HR functions of the serviced institutions and all relevant contacts.
Ensure maximum value is derived from all existing and new partnership arrangements.

AML KYC & CFT Responsibilities

Monitor, on a continuous basis, all transactions to ensure that unusual and suspicious transactions are reported to the Money Laundering Reporting Officer (MLRO)
Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within my area of responsibility

Apply via :

oldmutual.wd3.myworkdayjobs.com

October 30, 2024
Group Head of Financial Risk

Job Description

The role will be the centre of excellence for Financial Risk across the OMEA Group and oversee best practices in:

Capital Adequacy Monitoring
Liquidity Risk Monitoring
Market Risk Monitoring
Financial Risk Stress Testing

This role will be responsible for the management necessary to identify, evaluate, mitigate, and monitor the Group’s financial risk. Part of the key deliverables will be developing the financial risk management tools and practices to analyse and report on financial market risks and to manage risks according to a financial risk management framework and relevant policies.
This role will ensure the organisation’s financial risk management policies, limits, and strategies follow applicable regulations, rating agency standards, and strategic imperatives of the organisation.
Oversee or monitor all financial risk management activities of the OMEA Group.
Assist in the planning and implementation of the Liquidity, Counterparty risk and Market risk policies, framework, and internal controls, and ensuring its compliance by the different Business units.
Participating in preparation of reports for the different Executive management and Board committees.
Leading and managing projects related to the Group’s market risk, credit, and liquidity framework.
Assisting in the liquidity, and market risk quantification under the Internal Capital Management process.
Overseeing the daily capturing, monitoring, controlling, and reporting of the Group’s market and liquidity risks and ensuring these are reported accurately.
Ensuring detailed understanding of all P&L and risk drivers and ensuring compliance levels against established risk appetite.
Suggesting, developing, and implementing measures leading to a better risk management framework and improvement of internal controls.
Ensuring adequate limits (VaR, sensitivities, stress) and risk framework are in place aligning with the Group’s overall risk appetite.
Work closely with the key stakeholders to ensure key risk issues are highlighted and addressed prior to introduction of new products where applicable.
Recommending market risk limits in line with the approved market risk appetite of the Group
Preparing monthly market risk reports for the Investments Committee & EXCO
Preparing quarterly reports for the respective Board Risk Committee meetings
Development of comprehensive stress tests scenarios covering key market, credit and liquidity risks and ensuring periodic stress test are done in line with regulatory and internal requirements and for management decision purposes.
Communication of key risks to senior management and the Board, including creation of presentations articulating key risks in an easy-to-understand manner.

MINIMUM QUALIFICATIONS/EXPERIENCE (REQUIRED FOR THE JOB)

Bachelor’s degree in finance, business administration or related field
Accreditation / Certification in financial risk management or actuarial certification is required.
8+ years’ experience in risk management, 2-3 years should be in a managerial role.
Financial risk management experience in the financial services sector required and experience in an insurance group would be an added advantage.

Apply via :

oldmutual.wd3.myworkdayjobs.com

October 30, 2024