OM Bank - Credit Risk Manager

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

Job Description

The role operates within the second line of defence, providing independent oversight of credit risk management activities within the business. The role focuses on supporting the business in the identification, measurement, and aggregation of credit risk, ensuring that practices are effectively implemented and aligned with strategic objectives.

As a subject matter expert in credit risk, the incumbent provides guidance and structure to ensure credit risk management processes are sound, compliant, and fit for purpose. The role also encompasses model risk governance, offering input to ensure that model development, validation, and usage there-of adhere to established governance standards.

Success in this role requires dynamic analytical capabilities and familiarity with a range of methodologies to assess and resolve complex or ambiguous credit risk challenges.

This role also contributes analytical insights and support to the broader Risk function, enhancing the business’ ability to monitor, govern, and control risk exposures effectively.

KEY RESULT AREAS

Line 2 Oversight / Independent Monitoring

• Perform independent monitoring of the credit and financial performance of the Business Unit, tracking performance against Key Risk Indicators (KRIs) and Business Plans (BP).
• Provide independent challenge to first-line credit risk management practices across operational, financial, and strategic risk domains.
• Participate in risk committees and working groups, escalating key issues as needed.
• Ensure timely and accurate reporting to relevant governance committees.
• Support business units in the identification, measurement, and aggregation of credit risk.
• Provide guidance on credit risk frameworks, ensuring alignment with regulatory standards and internal policies.
• Evaluate and enhance credit risk management processes, ensuring they are sound, effective, and aligned with business objectives.
• Collaborate with stakeholders to ensure risk appetite and limits are appropriately defined and monitored

Impact Assessments & Model Risk Governance

Analytical Support & Risk Monitoring

Governance & Policy Adherence

Stakeholder Engagement

ROLE REQUIREMENTS

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

02 November 2025 , 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.

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