Chief Risk & Compliance Officer

About the role

Old Mutual is recruiting a Chief Risk & Compliance Officer for its short-term insurance subsidiary, OMSIC. The role identifies, evaluates, monitors and communicates the organisation's quality assurance, risk and compliance activities, ensures the risk and compliance framework and policies are implemented, and advises the board and senior management on risk, regulatory compliance and governance.

Key responsibilities

• Align and optimise OMSIC's risk methodology and strategy, and drive full compliance with the enterprise risk management policy, including oversight of risk identification, controls, key risk indicators, risk events and timely reporting and escalations
• Provide guidance and training on risk methodology, strategy and systems, and plan and deliver assurance of controls, KRI and risk events
• Embed financial risk management and prepare quarterly risk control self-assessment sign-offs
• Manage the annual risk and compliance monitoring plans, the annual letter of representation and attestation, and Group Internal Audit reviews, including escalation of GIA issues
• Recommend improvements to management systems, policies, procedures, testing methodologies and internal controls
• Implement the regulatory compliance risk policy and group compliance frameworks, and report breaches, concerns and statutory submissions accurately and on time
• Manage regulatory affairs, relationships with regulators and responses to requests, reviews, audits, inspections and investigations
• Monitor compliance breaches, remediation actions and corrective and preventive actions
• Prepare and present risk and compliance reports, risk assessments, regulatory updates and compliance ratings to the OMSIC Board, Executive Committee, senior management and Group Risk and Compliance functions
• Lead and motivate teams, manage performance, allocate resources, coach and mentor staff, and deliver training on legislation, regulatory developments and compliance obligations
• Assess and implement process automation for risk and compliance functions

Required profile

• Namibian citizen
• B.Com, B.Acc or LL.B degree or equivalent, with articles as a minimum mandatory requirement
• 5 to 7 years' experience in risk management, audit and compliance, ideally in financial services
• Relevant financial services certifications preferred
• Flawless command of English, strong communication, organisation and presentation skills, and ability to work under pressure
• NQF level 7 education (degree, advanced diploma or postgraduate certificate or equivalent)

Required skills

• Regulatory compliance management
• QA methodologies
• Compliance software
• Policies and procedures