Employment at Old Mutual Malawi Limited

Senior Risk Officer

Old Mutual (Malawi) Ltd is looking for a suitable and qualified candidate to fill the position of Senior Risk Officer a role available in the Risk/ Corporate Finance Deportment based in Blantyre.

The Role
Accountable for assisting the Business Unit in establishing and embedding a risk culture as well as ensuring that risk processes are implemented at Business Unit level. The individual is also accountable for achieving results through own efforts.

  • Assists business unit management to develop their risk management strategy and policy in accordance with Old Mutual approved risk appetite and segment requirements.
  • Manages implementation of Old Mutual Policy Statements, supporting guidance and procedures within area of responsibility
  • Provides risk management advice and inputs to their executive team and attends 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
  • Provides training, coaching, mentoring and support to the first line of defense risk owners, controls owners, risk indicators owners, management action owners and risk coordinators, so they are enabled to fulfil their risk management responsibilities.
  • Provides support & assistance to business unit management where required to embed risk management & provide challenge where deemed appropriate.
  • Ensures that risk processes (risk assessment, identification, management, reporting & optimization) are implemented at business unit level.
  • Provides challenge to business unit risk reports & distributes these to business unit management & relevant risk committees.
  • Provides oversight for risk management activities across business unit, ensuring Old Mutual policy statements are met.
  • Reports directly to the Old Mutual Malawi CFO with dotted line reporting to Old Mutual Africa Chief Risk Officer
  • Develops & embeds reporting structures which meet information requirements of business unit management, segment management, subsidiary MDs & ExCo, for risk aggregation & concentration of Old Mutual risk exposures.
  • Ensures risk aggregation reports & management risk self-assessment results are produced & provided to reporting entities management & Old Mutual Africa Chief Risk Officer where required & practical.
  • Provides support to business unit management in carrying out risk-related responsibilities.
Educational / Professional Qualifications
  • A 4-year Degree with honors, from a reputable institution.
  • A professional qualification in either Law, Audit, Actuarial or Accounting will be an added advantage.
  • At least 6-8 years’ relevant experience.
  • Business etiquette, good communication skills, results oriented, mature and presentable personality.
If you feel that you have the necessary skills for this role, please submit your application and updated CV not later than Friday, 28th April, 2017 to:
The Human Resources Executive,
Old Mutual,
P.O. Box 393,

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