Financial Risk Manager at Old Mutual Limited

Blantyre, Blantyre, Malawi -

Full Time

Start Date

Immediate

Expiry Date

08 Jun, 26

Salary

0.0

Posted On

10 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Capital Optimisation, Solvency Modelling, Liquidity Risk Management, Asset-Liability Modelling, Financial Modelling, Forecasting, Credit Risk Analytics, Policy Governance, Balance Sheet Optimisation, Accounting, Action Planning, Budget Management, Financial Acumen, Management Reporting, Oral Communications, Numerical Aptitude

Industry

Financial Services

Description

Lets Write Africa's Story Together! Old Mutual is a firm believer in the African opportunity and our diverse talent reflects this. Job Description The Financial Risk Manager is responsible for supporting the execution of OMMALA’s Group Capital Management, Strategic Asset Allocation reporting, and Asset-Liability Management (ALM) to ensure that resources are optimally sourced and allocated in delivering the strategy. The role is responsible for operationalising balance sheet optimisation initiatives across capital management, liquidity, funding, asset-liability management (ALM), and strategic asset allocation, while maintaining strong governance, risk discipline, and stakeholder alignment. The incumbent collaborates cross-functionally with Finance, Risk, the Old Mutual Investment team, and Business Units to translate capital, funding, and balance sheet strategy into actionable plans, financial models, and effective operational controls. Capital Management & Allocation Execution Implement the OMMALA Capital Management framework and methodologies. Support capital budgeting, allocation processes, and dividend policy execution. Drive balance sheet efficiency through improved solvency and quality of capital metrics. Monitor accessible capital levels and ensure alignment with regulatory and economic capital requirements. Conduct capital impact assessments for new initiatives, acquisitions and strategic projects. Liquidity & Funding Management Support operational execution of the Capital & Funding Plan. Monitor Group-wide liquidity risk and cash management frameworks. Monitor liquidity and market risk models across the Group. Strategic Asset Allocation & Shareholder Portfolio Oversight Support management of Strategic Asset Allocation (SAA) for shareholder assets. Analyse asset-liability linkages to optimise investment strategy. Monitor credit portfolio exposures within capital and risk frameworks. Collaborate with Investment and Risk teams to ensure regulatory and economic capital optimisation. Asset-Liability Management (ALM) & Balance Sheet Optimisation Support Conduct financial risk assessments and escalate findings to compliance and risk management teams. Execute ALM initiatives and monitor matching metrics. Analyse balance sheet risks including liquidity, interest rate, and market risks. Contribute to continuous balance sheet simplification and optimisation initiatives. Track and report on RoNAV drivers and capital utilisation. Risk Modelling, Scenario Analysis & Governance Develop financial forecasting models and stress testing scenarios. Assess capital and liquidity implications of adverse scenarios. Ensure alignment with risk appetite and regulatory requirements. Stakeholder Management & Functional Effectiveness Engage stakeholders across Finance, Risk, Investment and Business leadership teams Build collaborative working relationships with internal and external stakeholders. Drive cross-functional collaboration to optimise balance sheet outcomes Prepare reports for governance committees and senior leadership. Escalate emerging balance sheet risks proactively. Qualifications & Experience Bachelor's degree in Accounting, Finance, Economics or Statistics. Those with Risk management or actuarial knowledge will have an added advantage Minimum 5 - 8years of progressive experience in Capital Management, Treasury or Finance in the financial services industry, preferably within the insurance sector. Experience in capital modelling, funding structures and financial forecasting Technical Skills Capital optimisation and solvency modelling Liquidity risk management Asset-liability modelling Advanced financial modelling and forecasting Credit risk analytics Policy and governance implementation Balance sheet optimisation techniques Skills Accounting, Action Planning, Balance Sheet Analysis, Budget Management, Computer Literacy, Credit Risk Analysis, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Financial Acumen, Financial Modeling, Liquidity Risk, Management Reporting, Numerical Aptitude, Oral Communications, Policy Governance, Report Review Competencies Business Insight Communicates Effectively Decision Quality Ensures Accountability Financial Acumen Manages Complexity Plans and Aligns Tech Savvy Education Bachelor Of Accountancy: Finance, Economics (Required) Closing Date 19 March 2026 , 23:59 The Old Mutual Story! Old Mutual is a premium African financial services organisation that offers a broad spectrum of financial solutions to retail and corporate customers across key market segments in 14 countries. The lines of business include Life and Savings, Property and Casualty, Asset Management and Banking and Lending. We are rooted in our purpose of Championing Mutually Positive Futures Every Day and believe that a great customer experience is anchored in a great employee experience.

Responsibilities

The Financial Risk Manager supports Group Capital Management, Strategic Asset Allocation reporting, and Asset-Liability Management (ALM) to ensure optimal resource sourcing and allocation for strategy delivery. This involves operationalizing balance sheet optimization across capital management, liquidity, funding, and SAA while maintaining strong governance and stakeholder alignment.