Senior Specialist – Oversight & Monitoring-2 needed at Old Mutual

Job Description

• Assist in end-to-end planning, execution, and reporting of risk-based internal audits.
• Track progress of remediation efforts and action plans identified above, on an ongoing basis.
• Evaluate and challenge the design and operating effectiveness of key controls in underwriting, claims, actuarial, finance, and IT functions (not limited to).
• Provide robust recommendations for improvements and monitor the implementation of corrective action.
• Support combined assurance efforts by collaborating with Compliance, Risk, and Group Internal Audit.
• Present audit findings to management, when required.
• Continuously monitor regulatory changes (e.g. FSCA, Prudential Authority, SAM, King IV) and emerging industry risks
• Develop audit data analytics routines and contribute to automation initiatives
• Assist Assurance Manager with other operational and reporting activities as required.
• Identify opportunities for innovation in audit as well as client processes and develop practical solutions to implement innovative practices.
• Effective communication with the audit team, audit management and key stakeholders.

Qualification

• Relevant Internal Auditing tertiary qualification NQF level 7
• Relevant insurance related qualificationsaccreditations.
• 2-3 years’ experience in an auditing role with experience in the insurance industry preferable.
• Assisting first line Retail Management with management of risk and controls.

Responsibilities

• 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.

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

• NQF Level 7 – Degree, Advance Diploma or Postgraduate Certificate or equivalent

Closing Date

• 19 August 2025