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Job Description

Old Mutual Malawi is looking for a suitable and qualified candidate to fill the vacant position of Chief Risk Officer, reporting to the Group CEO. The post is tenable in Blantyre.

Main purpose of the job:

The role of the incumbent is to champion the development, implementation and review of Risk and Compliance strategy of the Old Mutual Malawi Limited Group covering six subsidiary companies. The incumbent will ensure implementation and the alignment to Old Mutual Group policies, processes, methodologies, and reporting requirements in terms of the above functions. The individual will be accountable for achieving results through others and own efforts.

Responsibilities:

Risk Management

Assist business unit management to develop their risk management strategy and policy in accordance with Old Mutual approved risk appetite and segment requirements.Manage implementation of Old Mutual Policy Statements, supporting guidance and procedures within area of responsibility.Provide risk management advice and inputs to their executive team and attend key strategic and operational meetings of that executive team, thereby ensuring that they have appropriate knowledge and insight into the key risks of the business.Ensure adequate coverage of all risk types, especially financial risks. Experience in balance sheet optimization, capital management, stress testing, scenario analysis and related skills is preferred.Provide training, coaching, mentoring and support to the 1st line of defence risk owners, controls owners, risk indicators owners, management action owners and risk coordinators, so they are enabled to fulfil their risk management responsibilities.Provide support and assistance to business unit management where required, to embed risk management and compliance where deemed appropriate.Ensure that risk processes (risk assessment, identification, management, reporting & optimization) are implemented at business unit level.Ensures adequate risk measurement for the various risks that business units are exposed to using the most appropriate financial modelling techniques.Provide business unit risk reports and distribute these to business unit management and relevant risk committees.Provide oversight for risk management activities across the business units, ensuring Old Mutual policy statements are met.Develop and embed reporting structures which meet information requirements of business unit management, Management Risk Committee, ExCo, Audit, Risk & Compliance Committee, and other relevant Governance Structures.Ensure risk aggregation reports and management risk self-assessment results are produced and provided to reporting entities management & Old Mutual Africa CRO where required and practical.Provides support to business unit management in carrying out risk-related responsibilities.

Compliance

Ensure compliance within the group by implementation of compliance risk management and monitoring plan.Assist with providing strategic direction around ensuring compliance with all applicable legislation and regulations.Assist with establishing and embedding compliance across the business unit by analysing the impact of applicable legislation and regulation and identify gaps to be remediated by business. Report on compliance breaches to management.Facilitate, and in appropriate circumstances partake in, remedial actions developed by the business unit to help eliminate non-compliance with legislation and regulation.Challenge and escalate (within the defined escalation framework) where deemed appropriate.Test for ongoing compliance to money laundering legislation and ensures ongoing compliance thereof.Provide training, coaching, mentoring and support to the 1st line of defence on Compliance and AMLDevelop and embed reporting structures which meet information requirements of business unit management, Management Risk Committee, ExCo, Audit, Risk & Compliance Committee, and other relevant Governance Structures.

Forensics

Provide administrative oversight of the Forensics department.Build and embed an effective Forensic function that supports management in proactive detection and prevention of fraud, in addition to timeous investigations of reported fraud.

Skills/Attributes

A relevant bachelor’s degree from a reputable institution.A relevant post graduate qualification.Possession of a recognized certification in Risk and Compliance will be an added advantage.General knowledge and understanding of the financial services industry, as well as Legislation, Regulatory Directives, Rules and Regulations impacting the industry, is essential.The individual should have excellent numerical and analytical skills, pay attention to detail and understand risk management in financial services company.Excellent interpersonal skills, a good communicator and team player6-8 years experience in risk management,  financial services.

Skills

Adaptive Thinking, Change Management, Compliance Software, Data Compilation, Engineering Standards, Executing Plans, Identifying Customer Needs, Legal Practices, Policies & Procedures, Presenting Solutions, QA Methodologies, Regulatory Compliance Management, Requirements Development

Competencies

Balances StakeholdersBuilds Effective TeamsCommunicates EffectivelyEnsures AccountabilityFinancial AcumenInstills TrustInterpersonal SavvyManages Ambiguity

Education

Bachelors Degree (B)

Closing Date

04 September 2025 , 23:59

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