OM Bank - Capital, Liquidity and Market Risk Manager

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Job Description
The Capital and Liquidity Risk Manager will be an integral part of the Risk function, reporting directly to the Head of ERM. This role involves assisting in the formulation, execution, and oversight of the bank's framework for Capital, Liquidity, and Market Risk, ensuring compliance with banking regulations, adherence to industry best practices, and alignment with the bank's strategic aims.

KEY RESULT AREAS

Capital, Liquidity, and Market Risk Management
Concerning capital, liquidity, and market risk:

• Ensures that the risk strategy aligns with the strategic plan, promoting a robust risk culture within the Bank.
• Aids in the creation of an effective ERM framework that supports the Bank's overarching objectives.
• Guarantees that Risk Owners implement the requirements of the ERMF and Policy Framework for all risks identified in the risk taxonomy and policies.
• Ensures that Risk Owners in the First Line implement the bank’s risk processes and provides challenge regarding the effectiveness of controls established by Risk Owners and Business Heads through the Risk and Control Self-Assessment (RCSA) process.
• Acts as a key subject matter expert in developing, drafting, reviewing, and finalizing the Bank’s ICAAP and ILAAP.
• Serves as a key advisor to executive management on capital, liquidity, and market risk optimization initiatives across the Bank and Old Mutual Limited Group.

Risk Strategy Development
In relation to capital, liquidity, and market risk:

• Assists in crafting and executing a comprehensive risk strategy that aligns with the bank’s overall business strategy.
• Establishes risk appetite statements, thresholds, and key risk indicators (KRIs) for various business lines.
• Aids in defining and documenting the bank’s risk appetite and tolerance levels in collaboration with senior management and the board.
• Drives the integration of risk management into strategic decision-making processes.
• Develops strategies and action plans to address identified risks, including preventive measures and contingency strategies.
• Collaborates with key stakeholders, including senior management and regulatory bodies, to effectively communicate the risk strategy.
• Establishes mechanisms for ongoing monitoring of risk exposure and the effectiveness of risk mitigation strategies.
• Regularly reviews and updates the risk strategy to reflect changes in the internal and external environment, including emerging risks and regulatory updates.
• Acts as a primary subject matter expert in the strategic development, drafting, review, and finalization of the Bank’s ICAAP and ILAAP.

Governance and Regulatory Reporting
With respect to capital, liquidity, and market risk:

• Designs and implements a comprehensive governance framework that outlines roles, responsibilities, and processes for risk management within the bank.
• Creates, reviews, and updates risk management policies and procedures to ensure compliance with regulatory requirements and industry best practices.
• Remains updated on changes in regulatory requirements and evaluates their implications for the bank’s operations and risk management practices.
• Coordinates regular compliance audits and assessments to evaluate adherence to internal policies and external regulations.
• Supports the efficient coordination of principal risk-related governance committees, including Risk Manco and the Risk and Capital Management Committee.
• Participates in the Combined Assurance reporting for the principal risks within the Risk Strategy and Governance domain.
• Prepares and presents regular reports to stakeholders on risk performance, governance metrics, and compliance with risk policies.
• Continuously monitors changes in regulatory frameworks and assesses their impact on the bank’s reporting practices.

Strategic Stakeholder Management

• Regularly engages stakeholders through meetings and presentations to discuss risk management strategies and gather feedback.
• Ensures clear and effective communication of risk policies, governance frameworks, and strategic initiatives to stakeholders.
• Engages with regulatory bodies, ensuring that their requirements and expectations are understood and met, including experience in Banks Act section 52, 54 applications, etc.
• Promotes cross-departmental collaboration to ensure alignment on risk management objectives and initiatives.
• Advocates for a culture of risk awareness and accountability among stakeholders at all organizational levels.
• Solicits feedback from stakeholders to enhance risk management practices and governance structures.

Enterprise Risk Processes
Regarding capital, liquidity, and market risk:

• Coordinates the risk appetite setting and review processes of the Bank as part of the annual strategic planning exercise.
• Assists in preparing the Board approval for the Bank's risk appetite.
• Coordinates the preparation of the Bank's Resilience Plan for Board approval.
• Drives compliance with Risk Data Aggregation and Risk Reporting concerning Capital, Liquidity, and Market Risk across the bank.

Risk Culture

• Acts as a role model and incorporates the Bank's risk culture outlined in the ERMF into all activities.
• Assists the Head and CRO in conducting an annual evaluation of the risk culture as per ERMF requirements.

Emerging Risk Process

• Aids in implementing the emerging risk process as it pertains to capital, liquidity, and market risk through the identification and management of emerging risks.

OML Group Engagement
Concerning capital, liquidity, and market risk:

• Collaborates with Group Risk Owners to assist with risk alignment while preserving Bank independence.
• Assists the business in implementing risk management systems in accordance with the approved ERM framework.
• Provides advisory and second-line oversight on key strategic programs.
• Guides the business in enhancing organizational resilience and crisis management processes.
• Offers general risk advisory to the business on reputation risk management matters.
• Ensures risk appetite and ICAAP exercises undergo scenario planning and stress testing aligned with the Bank’s business strategy.

Ongoing Development
Keeps informed about local and international developments in the domain of Enterprise Risk Management, Capital, Liquidity, and Market Risk.

Risk Awareness and Training
Aids in promoting overall risk awareness and training initiatives related to the ERMF, Capital, Liquidity, and Market Risk.

ROLE REQUIREMENTS

Education and Experience:

• Chartered Accountant, Honours in Finance/Accounting/Risk Management, FRM, or a related field.
• A minimum of 8-10 years of robust risk management experience in a banking environment.
• At least 5 years of experience and understanding of the South African banking regulatory landscape and requirements (Prudential Authority, FCSA, FinSurv, FIC, Information Regulator, NCR, and others).
• Experience with Capital, Liquidity, Credit, Treasury, Market, Operational Risk, and IT Risk oversight and associated regulatory reporting requirements.
• Proven leadership and team management experience.
• Extensive experience in preparing, reviewing, and considering ICAAP / ILAAP / Section 52 and Licensing applications to and from the Prudential Authority.

Skills and Competencies:

• Strong strategic and analytical thinking.
• Excellent communication and stakeholder management skills.
• Solid knowledge of risk management tools and data analytics.
• High adaptability to technological advancements and AI changes, with the capability to manage emerging risks such as pandemics and supply disruptions.
• Ability to foster strong cross-functional collaboration to ensure integrated risk management.

Skills: Adaptive Thinking, Business Requirements Analysis, Change Management, Current State Assessment, Data Compilation, Executing Plans, Oral Communications, Policies & Procedures, Policy Development, Presenting Solutions, Professional Presentation, Strategic Planning.

Competencies: Builds Effective Teams, Builds Networks, Business Insight, Collaborates, Communicates Effectively, Customer Focus, Ensures Accountability, Financial Acumen.

Education
Closing Date: 09 April 2026, 23:59

The appointment will be made from the designated group in accordance with the Employment Equity Plan of Old Mutual South Africa and the specific business unit involved.

The Old Mutual Story!
Old Mutual is a leading African financial services organization that provides a wide array of financial solutions to retail and corporate clients across key market segments in 14 countries. Our business lines include Life and Savings, Property and Casualty, Asset Management, and Banking and Lending. We are grounded in our purpose of Championing Mutually Positive Futures Every Day and believe that an exceptional customer experience is rooted in a great employee experience.