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Job Description

Some of the major goals and deliverables you will be accountable for include:

This role is responsible for assisting and reporting directly into the Business Risk Specialist Manager – OMiX Servicing in facilitating, co-ordinating and overseeing the implementation and improvement of the OML Group’s approved operational risk and compliance management frameworks and Risk policies servicing, and escalates, monitors, and reports material risks, with the primary objective of contributing to the overall success and achievement of the business objectives.

This role interacts with Senior Management, and the Head of GRC Line 1 in OMiX, 2nd and 3rd line assurance providers, and other stakeholders within OML on an operational level on risk developments that may influence the operations of OMiX- Servicing.

The incumbent is individually accountable for achieving results over periods of 1-2 years.

Risk Management:

Facilitates the annual (or ad hoc as required) risk workshops with Servicing business unit management and teams which includes arranging training timeslots and workshops with Line 2 Group Risk training team.Driving the capturing of identified key risks Business unit risk registers.Ensures that risk processes (risk assessment, identification, management, reporting and optimisation) are implemented at the Servicing business unit level.Works closely with Servicing management to identify ways to mitigate the risks identified and conducts follow-up.Ensure completion of Risk registers and capturing of key risk, controls, and actions on CURA.Quarterly reviews BU risk registers and ensures key risk are lifted into Servicing Risk register.Engagements with stakeholders to ensure corrective actions are identified and implemented and assists where necessary to ensure implementation.Assists with and monitors implementation of the processes by which the business identifies, measures, monitors, manages, and reports on material risks. This includes events, control deficiencies and any assurance findings (GIA, DCT, Risk, Compliance, AML, Fraud), ensuring timeous implementation of agreed actions. This will also include, but not limited to the identification and recording of IBAMs.Assists the Business Risk Specialist Manager to provide risk management inputs to the Servicing Exco and management team and, provides support to Senior Management to carry out risk-related responsibilities.Attends operational meetings of management teams, thereby ensuring that they have appropriate knowledge and insight into the key risks of the business and furthermore to be able to identify any emerging risks.Assists with and monitors implementation of the Group’s risk policies, procedures, standards, systems, and guidelines and identifies gaps to be closed within the Servicing Portfolio.Keeps abreast with industry and OML Group framework changes and updates and ensure communication back to Servicing Portfolio.Accountable for engagement with business units within Servicing and ensure that required information is updated on CURA.Responsible for ensuring QA around CURA data for Servicing profile and funds profile.Required to support Business Risk Specialist Manager in attending and preparing monthly/quarterly risk reports for pension fund boards (OMIA/BOE/Superfund/SARAF) to assist in the improvement of risk management processes.May need to manage a small team (1-2) of junior employees.

Stakeholder Management:

Builds sustainable working relationships, in a manner that fosters mutual understanding and develops new insights. This includes assisting management in liaising with OMiX Line 1 GRC, 2nd and 3rd lines of assurance providers.

Team Effectiveness:

Works collaboratively with business, other risk management bodies and other assurance providers whilst remaining independent.Balances own priorities while directing and motivating others.creates a climate for optimal performance.Guides and directs staff to achieve operational excellence standards.
 

Minimum Requirements :

• Matric essential, coupled with a post matric qualification.

• Risk qualifications (advantageous)

• Minimum 5 years relevant experience in the Financial Services industry.​

• Management experience essential (non-negotiable)

• Attendance and support to the business and its various boards.

• Working knowledge and understanding of FAIS, FICA, Long Term Insurance Act, Pension Funds Act, Income Tax Act, CISCA is a compulsory

• Employee Benefits experience (Advantageous)

Skills

Accountability, Business Risks, Management Reporting, Risk Compliance, Risk Management

Education

Bachelors Degree (B), Matriculation Certificate (Matric)

Closing Date

20 November 2024

The appointment will be made from the designated group in line with the Employment Equity Plan of Old Mutual South Africa and the specific business unit in question.

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual’s Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.

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