OM Bank - Risk Analyst at Old Mutual Limited

Cape Town, Western Cape, South Africa -

Full Time

Start Date

Immediate

Expiry Date

19 Apr, 26

Salary

0.0

Posted On

19 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review, Solution 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 This role assists Risk Officers to ensure that risk processes (risk assessment, identification, management, reporting & optimisation) occur at business unit level and is individually accountable for achieving results through own efforts. KEY RESULT AREAS Financial Management and Control Track progress against budgets within established finance systems, and report variances to more senior colleagues. Data Collection and Analysis Conduct research using primary data sources, and select information needed for the analysis of key themes and trends. Policies and Procedures Development Contribute to the drafting of policies, procedures, and related guidelines within an area of expertise to meet defined key principles and ensure compliance with external requirements. Organizational Risk Management Ensure the organization is not exposed to undue risks by using risk management systems to achieve specific goals within a designated area of the business. Risk Scenario Modeling Analyze and assess the risks associated with products, individual applications, new business areas, and the market to quantify risk and ensure it is within the agreed risk appetite. Recommendations Advise others on how to design new processes and systems that meet professional standards. Insights and Reporting Contribute to the preparation of various data and analytics reports. Document Preparation Organize and prepare complex documents using a variety of applications for technology devices, such as standard office software. Also responsible for gathering and summarizing data for special reports. Operational Compliance Identify, within the team, instances of noncompliance with the organization's policies and procedures and/or relevant regulatory codes and codes of conduct, reporting these instances and escalating issues as appropriate. Personal Capability Building Develop own capabilities by participating in assessment and development planning activities as well as formal and informal training and coaching; gain or maintain external professional accreditation, where relevant, to improve performance and fulfill personal potential. Maintain an in-depth understanding of technology, external regulation, and industry best practices through ongoing education, attending conferences, and reading specialist media. ROLE REQUIREMENTS Bachelor’s degree in Statistics, Mathematics, or related fields. 2 - 4 years' experience in Banking. Minimum 2 years’ experience developing isk models and/or quantitative analytics. Regulatory Capital and IFRS 9 experience Proficiency in programming languages (e.g., SAS, Python) is advantageous. Skills Action Planning, Analytics Software, Budget Management, Computer Literacy, Data Analysis, Database Reporting, Data Compilation, Data Controls, Data Interpretations, Evaluating Information, Management Reporting, Numerical Aptitude, Report Review, Solution Analysis Competencies Business Insight Communicates Effectively Courage Decision Quality Ensures Accountability Financial Acumen Instills Trust Manages Complexity Education Closing Date 24 January 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

The Risk Analyst assists Risk Officers in ensuring that risk processes are effectively managed at the business unit level. They are responsible for tracking financial management, conducting data analysis, and ensuring compliance with policies and procedures.