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Job Description

Responsibilities

1. Establish and maintain the ERM framework for OMAH (OMR Centre).

Provide objective oversight monitor and report on the maintenance of prescribed minimum standards in the OML risk management strategy methodologies risk policies and processes and initiates appropriate corrective action as may be required.

Act as change agent for the communication and implementation of risk management requirements and standards and actively promote embedding of a risk culture by 1st line of defence in relation to decision making.

• ERM Methodology: Embed and enhance ERM methodology requirements for OMAH/ OMAR Centre. Provide guidance coaching and support to the 1st line of defence risk owners controls owners risk indicator owners management action owners and risk co-ordinators so they are enabled to fulfil their risk management responsibilities.

Promote and co-ordinate the processes by which the OMAH (OMAR Centre) 1st line of defence identifies measures monitors manages and reports on material risks within their functional area of responsibility while developing a cross-organisational view of the potential impacts.

• Risk Policy Suite: Support OMAH 1st line of defence in adopting OML governance policies and applying requirements.

Assist in the socialisation and embedment of ERM policy requirements across the OMAR portfolio and oversee compliance at an OMAR Centre and Country level

• CURA: Lead the integration of the CURA risk management tool for OMAH (OMAR Centre) 1st line of defence and oversee risk event control action indicator and exposures (waivers and risk acceptances) data within the OMAH domain

• Risk Reporting: Oversee the coordination and consolidation of internal reporting to various governance structures at an OMAH and OML level ensuring that OMAH risk self-assessment results aggregated risk reports and independent assurance reports are produced.

2. Contribute to the strategic ambitions of the OMAH ERM function.

See to the finalisation of the annual ERM business plan requirements and independent review of OMAR business strategy

Develop and execute upon the annual OMAH Risk Assurance plan. Conduct independent reviews to assess the effectiveness of risk management practices and internal controls.

3. Responsible for the operational effectiveness of OMAR ERM.

Provides risk management advice/inputs and on occasion attends key strategic and operational meetings thereby ensuring appropriate knowledge and insight

Plan and co-ordinate quarterly risk governance forums executing upon secretariat duties required for efficient and seamless engagement.

Plan and co-ordinate the annual OMAR ERM Conference and quarterly CRO Collaboration sessions

4. Facilitate and support in the execution monitoring and reporting on the requests and instructions issued by Group Risk and the OML Chief Risk Officer. Initiate appropriate corrective action as may be required.

Skills

Competencies

Education

Closing Date

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.

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