Risk and Compliance Manager

Let's Write Africa's Story Together!

Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this.

Job Description

Symmetry requires a Risk and Compliance Manager to lead the design, implementation and ongoing management of the risk and compliance function for the business, reporting to the Head of GLRC. Symmetry operates as a division of Old Mutual Life Assurance Company (South Africa) Limited within the Old Mutual Wealth cluster, across institutional, retail and private markets segments, with a regulatory footprint spanning FAIS, CISCA, the Financial Intelligence Centre Act (FICA) and the Protection of Personal Information Act (POPIA).

The role owns Symmetry’s first line risk and compliance function: the overall risk framework, the compliance management and monitoring plan, and the FAIS, AML, privacy and third-party risk processes that sit beneath them. It evaluates whether controls are designed and operating effectively, drives remediation to closure, and reports on the risk and compliance profile of the business to the Symmetry Governance Forum and Old Mutual Wealth governance committees. Clear, concise written work in plain language is a day one requirement, not a development objective.

This is a first line role. It does not carry an appointment as the FSCA approved compliance officer for the license under which Symmetry operates. It works alongside Old Mutual Wealth second line risk and compliance within the combined assurance model.

Key Responsibilities

PRIMARY  |  Risk Framework and Management

• Own Symmetry’s first line risk management framework in line with Group and Old Mutual Wealth risk policies and setting the approach to risk and control self assessment, incident management and key risk indicators across every Symmetry team

• Lead risk and control assessments with each team and maintain the Risk and Control Matrix that forms the business risk profile, evaluating control design and operating effectiveness and determining residual risk ratings

• Own the risk incident process end to end: overseeing prompt logging, leading root cause investigations with the business and service providers, assessing client, financial and regulatory impact, finalising incident reports and confirming that corrective actions are closed with evidence

• Own the risk register so that entries are current, concise and accurately reflect inherent and residual risk, control effectiveness and action status
• Define and monitor key risk indicators and escalation thresholds, identify emerging risks and changes in the control environment, and escalate them to the Head of GLRC promptly

• Lead first line oversight of key outsource...

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis.