Job Description

To provide support to the Head of Risk in the development, implementation and maintenance of an effective and integrated enterprise risk management framework.

KEY MEASURABLE GOALS

• Contribute to the overall risk management strategy of maintaining / reducing the level of risk as business expands.
• Assist in developing, implementing and reviewing of Risk Management Policies and processes in line with the needs of the business and regulatory requirements.
• Design and maintain appropriate risk identification and risk management tools for the business.
• Ensuring the bank has in place, effective reporting systems for risks and risk exposures to relevant stakeholders.
• Assess risks that the Bank is exposed to and advise on mitigation
• Assist in building an effective and efficient risk management team for the Bank
• Enhance risk awareness among staff and assist in creation of a risk culture within the organization
• Assist and advice the Bank in setting its risk appetite.

KEY RESPONSIBILITIES

• Design and maintain risk registers for relevant business units.
• Monitor and assess indicators for the Bank’s key risks and report on adverse movements in these risks.
• Prepare and submit MI reports on key risks and risk exposure to the Management, Board Risk Management Committee, Old Mutual and other stakeholders. This shall be done through the Head of Risk and Compliance
• Assist in developing and proposing risk exposure limits for the Bank
• Advise the Business on developments in the external environment that may expose the Bank to risks
• Raise the visibility of compliance issues, internally across all stake holders within the organization.
• Support the roll out and implementation of Old Mutual policies and Group Operating Manual
• Carry out risk management training to staff.
• Liaising with line managers, internal & external Audit, Examination functions & the relevant departments to identify significant risks and control lapses or weaknesses and highlighting the same to relevant stakeholders.
• Advising risk owners on appropriate controls and risk management strategies and measures.
• Assessing potential risks on new products and offerings under development and advice the product owners.
• Communicating and reinforcing the AML-CTF compliance culture established by the board
• Implementing and enforcing the board-approved AML, KYC & CFT policy.
• Any other duties assigned by the Head of Risk and Compliance from time to time

ANTI-MONEY LAUNDERING (AML) EXPECTATION

The incumbent will be responsible for ensuring adherence to, implementation of, and adoption of Compliance, Anti-Money Laundering (AML), and Sanctions-related policies, procedures, and process requirements within Old Mutual and its subsidiaries. This includes execution of customer due diligence processes, ensuring compliance with Know-Your-Customer (KYC) standards, conducting ongoing and enhanced due diligence, and maintaining data quality. Additionally, the role involves identifying and monitoring potential AML, Sanctions, or Compliance breaches and unusual activities, and escalating these concerns to the Risk and Compliance Office for further action.

SKILLS, KNOWLEDGE & COMPETENCIES

Knowledge and skills

• Knowledgeable in Enterprise Risk Management and banking regulations

Personal Attributes

• Good decision-making skills.
• Assertiveness
• Good communication skills
• Attention to detail
• Keen follow up

QUALIFICATIONS & EXPERIENCE

• Bachelor’s degree in business or finance
• CPA or ACCA, Risk Management Qualifications. (Desirable)
• At least 5 years’ experience in banking / financial institutions, 3 of which should be in risk management.