OM Bank - Impairment, Credit & Regulatory Reporting Lead at Old Mutual Limited

Cape Town, Western Cape, South Africa -

Full Time

Start Date

Immediate

Expiry Date

17 May, 26

Salary

0.0

Posted On

16 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Ifs 9, Credit Loss Forecasting, Scenario Modelling, Capital Adequacy, Stress Testing, Regulatory Reporting, Sas, Sql, Python, Power Bi, Governance, Strategic Planning, Stakeholder Management, Team Leadership, Risk Appetite, Npl Analysis

Industry

Financial Services

Description

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 As Impairment, Credit & Regulatory Reporting Lead, you will lead the oversight and governance of the organisation’s impairment (IFRS 9) framework, credit loss forecasting, capital analytics, and regulatory reporting. The role ensures impairment models, capital methodologies, and regulatory submissions are robust, compliant, and aligned with business objectives and regulatory requirements. You will support business planning and risk appetite setting through NPL and provisioning analysis, forward-looking credit loss scenarios, and stress testing, partnering closely with Credit, Finance, Portfolio Management, Collections, and Senior Leadership to enable disciplined growth while protecting capital and credit quality. Investment credit and institutional lending are explicitly out of scope. KEY RESULT AREAS Impairment & IFRS 9 Oversight Own and oversee the end-to-end impairment framework, ensuring alignment with IFRS 9, internal governance standards, and regulatory expectations. Review and maintain the Modelling Framework in line with accounting and regulatory requirements. Ensure accurate and consistent impairment calculations across reporting cycles (monthly, quarterly, annual). Govern the design and application of: PD, LGD, EAD models staging and SICR methodology macroeconomic scenarios management overlays and post-model adjustments Produce impairment movement analysis and explain key drivers to senior stakeholders. Business Planning Support & Risk Appetite Analytics Provide impairment, NPL and credit loss analytics to support annual budgeting, forecasting, and business planning processes. Develop forward-looking credit loss scenarios and stress testing outputs for risk appetite setting and strategic planning. Support the Head of Credit in defining and monitoring risk appetite metrics, including: NPL ratios and roll rates provision coverage and adequacy credit loss projections under base/downside/upside scenarios risk-adjusted growth constraints Partner with Portfolio Management to provide insight into portfolio shifts, risk concentrations, and emerging impairment risk. Capital Management & Stress Testing Lead capital-related analytics linked to credit risk, impairment, and growth strategies. Develop capital forecasts and stress testing aligned to business planning and risk appetite. Provide insight into how credit loss outcomes, provisioning volatility, and portfolio performance impact: capital adequacy solvency buffers funding requirements profitability and ROE Support ICAAP (or equivalent internal capital processes), ensuring documentation, assumptions and governance are defensible and audit ready. Regulatory Reporting & Compliance Oversee the preparation, review and submission of regulatory returns and credit-related reporting requirements. Ensure compliance with relevant regulatory and reporting standards (Prudential / Statutory / Accounting). Maintain clear reconciliations between: impairment results financial statements regulatory returns management reporting Ensure reporting processes are controlled, documented, repeatable, and supported by strong data governance. Credit Reporting Own the end-to-end credit reporting framework, ensuring accurate, consistent, and timely reporting across Originations, Collections, Portfolio Management, Impairment, Capital and Credit Risk. Produce and govern Board and Executive credit reporting packs, including key portfolio metrics, NPL trends, provisioning movements, and forward-looking risk indicators. Define reporting standards, controls, and reconciliations to ensure a single source of truth across credit reporting outputs. Drive automation of credit reporting across business areas, improving efficiency, data quality, and repeatability, while ensuring reporting ownership remains embedded in the relevant operational environments. Provide insight and commentary on credit performance, emerging risks, and key drivers to support strategic decision-making and risk appetite monitoring. Stakeholder Engagement, Audit & Governance Build and maintain relationships with senior management, external auditors, regulators, and internal governance forums. Represent impairment, capital and regulatory reporting in Credit and Risk committees. Lead responses to audit and regulatory queries relating to impairment, capital, and reporting. Leadership & Capability Development Lead and manage the impairment, capital and regulatory reporting team. Provide coaching and mentorship to develop technical capability and strengthen governance maturity. Develop and deliver training programmes to improve understanding of the credit risk lifecycle and how each component impacts the P&L and balance sheet. Skills & Experience Technical Strong IFRS 9 impairment expertise (models, staging, SICR, macro, overlays) Credit loss forecasting and scenario modelling Strong understanding of capital adequacy concepts and stress testing Regulatory reporting experience in financial services Strong analytics capability (SAS / SQL / Python / Power BI) Governance and documentation discipline Leadership & Behavioural Strategic thinking with strong commercial awareness Ability to influence senior stakeholders (Credit, Finance, Risk, Treasury) Strong judgement and control mindset Clear communication of complex risk topics Strong team leadership and talent development ROLE REQUIREMENTS Degree in Finance, Accounting, Actuarial Science, Statistics, Mathematics, Economics, or related field 8–12+ years relevant experience in impairment / credit risk / regulatory reporting / capital analytics 3–5+ years leadership experience in a technical environment Experience working within a prudentially regulated environment. Prior people leadership experience is desirable. Professional qualifications (e.g. CFA, FRM) advantageous but not essential. 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 21 February 2026 , 23:59 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. 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

This role involves leading the oversight and governance of the organization’s impairment (IFRS 9) framework, credit loss forecasting, capital analytics, and regulatory reporting to ensure robustness and compliance. Key duties include supporting business planning through analysis and stress testing, while partnering with various departments to protect capital and credit quality.