Chief Risk and Compliance Officer – Investment Cluster

About the role

Old Mutual Namibia is looking for a Chief Risk and Compliance Officer for its long-term insurance business (OMIGNAM and OMW). The role ensures the organisation operates within regulatory boundaries while proactively managing risks that could affect its financial stability, reputation or customer trust. It oversees the implementation of the risk strategy and enterprise risk management disciplines, and monitors, escalates and reports material risks, events and issues.

Key responsibilities

• Align and optimise the risk methodology and strategy for the Investment cluster, drive compliance with the Enterprise Risk Management Policy, and guide training on risk methods and systems
• Manage financial risk, run quarterly Risk Control Self-Assessments, and plan and monitor risk policies and their compliance
• Lead strategic and operational risk assessments, maintain oversight of risk appetite, exposures, tolerances and limits, and oversee business continuity and operational resilience
• Provide independent oversight of investment and market risk, including portfolio stress testing, valuation and pricing oversight, and breach monitoring
• Oversee credit, counterparty and model risk, and act as secretariat to the Credit Committee
• Implement the regulatory compliance framework, manage regulatory affairs and relationships with regulators, and oversee AML, CTFP and sanctions compliance
• Manage Group Internal Audit issues, prepare risk and compliance reports for boards and executives, and advise senior management on material risks and regulatory obligations
• Develop the annual risk-based monitoring plan, build the Risk and Compliance function, coach staff and deliver training

Required profile

• Namibian citizen
• B.Com, B.Acc or equivalent degree (NQF Level 8, Honours or postgraduate diploma required)
• 7-10 years' experience in risk management, investment risk, audit and/or compliance, including at least 5 years at management level
• Relevant financial services certifications preferred
• Flawless command of English, assertive self-starter, excellent communication and conflict-handling skills, able to work under pressure