It has operations in Africa, Europe, the Americas and Asia, supported by over 56,000 employees serving over 16 million customers. Old Mutual is listed on the London and Johannesburg Stock Exchange.
Old Mutual Kenya comprises of Old Mutual Life Assurance, Old Mutual Investment Group, Old Mutual Investment Services, Old Mutual Securities and Faulu Microfinance Bank.
As part of its growth strategy, the company has opportunity for qualified, experienced and talented individual to lead the Risk function for the Kenya operations.
Chief Risk Officer
Reporting to the Managing Director – Shared Services, and working closely with the Old Mutual Africa risk team, this role is responsible for facilitating, co-ordinating and overseeing the implementation of the Enterprise Risk Management framework within the Kenya Operations.
The role champions risk identification, prevention, monitoring, escalation, reporting and resolution within the set framework.
The key objectives for this position are: -
- Provides objective oversight, monitoring and reporting on the effectiveness of the processes adopted and implemented in relation to the Risk Governance Framework, Group Operating Manual and Risk policies.
- Promotes and coordinates the processes by which the business identifies, measures, monitors, manages and reports on risks while developing a cross-organizational view of potential impacts.
- Acts as a change agent within the business for implementation of risk management requirements and embedding a risk culture in decision making.
- Facilitates and co-ordinates the integration of business related risk requirements into the broader governance structures.
- Facilitates the implementation of risk policies within the country operations.
- Facilitates the execution and reporting on the progress of requests and instructions related to the role and initiates appropriate corrective action as may be required.
- Provides risk management advice and inputs to the executive team and attends key strategic and operational meetings.
- Manages the risk team to achieve operational excellence standards
- Any other projects and duties allocated in line with the role.
Qualifications and Experience
This role leads a diverse risk team cutting across banking, insurance, investment management and stock brokerage business lines, with diverse risk profiles hence requires a seasoned broad experienced professional who meets the following requirements:-
- Bachelor’s degree in Accounting, Actuarial or related fields. Master’s degree qualification on the same fields desirable.
- Relevant professional qualification in a related areas. Current membership of a professional body a must.
- Over (5) years’ experience heading the risk function within the financial services sector preferably in a multinational environment.
- Reasonable level of understanding of the quantitatively modelled or calculated risks and how they interact with business and operational risks.
- Ability to plan effectively, identify emerging risks and in partnership with the business leaders pave a course of action.
- Proven leadership and stakeholder management capability a mandatory requirement for this role.
- High levels of maturity, energy, drive, creativity and innovation
- Organized, numerate, and conversant with information systems.
- Demonstrate good communication and people management skills with high degree of integrity.
Interested candidates who meet the above requirements are requested to apply for the role through recruit@oldmutualkenya.com by 7th November 2014.
ONLY short-listed candidates will be contacted.