Old Mutual Jobs in Pretoria – Head of Credit

Job Description:

Old Mutual Limited is a financial services company providing financial solutions to individuals and corporates across 12 countries. Old Mutual is the largest life insurer in South Africa. Its core businesses include long-term savings, asset management, short-term insurance and banking. Old Mutual Limited listed on the JSE on 26 of June 2018, following Old Mutual Plc’s managed strategy to separate the London-based group into four standalone companies.

Job Responsibilities:

• Identify the emerging risks across the credit landscape, and proactively adjust the credit strategy in response to these risks.
• Identify credit opportunities within shareholder capital and optimise fixed income/bond portfolio.
• Reviewing large deal due diligence, and participate in large deal approval process.
• Supporting the COO of GBSM in execution of her roles and responsibilities.
• Support capital & funding optimization and effective resource allocation.
• Ongoing market surveillance of investment opportunities locally, across Africa and abroad.
• A significant portion of the credit portfolio forms part of the wider asset liability matching process for the guaranteed liabilities. The Head of
• Credit is accountable to ensure the credit origination effort across the group fits into the ALM requirement by considering the term profile and fixed, CPI linked and floating nature of assets.
• Ensure appropriate asset allocation, framework design, limits and investment mandate as well as setting appropriate benchmarks and performance targets, setting risk limits and negotiating asset management fees.
• Develop strong Stakeholder Relationships by interacting across OML Business Units and supporting functions.
• Support and identify diversification opportunities across OML (South Africa, international and Rest of Africa(RoA)).
• Assist with delivery of relevant reporting to Boards and management Committees.
• Assist with structured products economics and evaluate feasibility for Head of GBSM
• Develop and enhance the Credit Reporting & Monitoring framework which meets the requirements of various external & internal stakeholders.
• Responsible for driving credit portfolio management and optimization in OML.
• Assisting with asset manager due diligence, selection, and monitoring.

Job Requirements:

• Relevant professional qualifications would be beneficial: E.g. CFA
• Relevant Actuarial degree/CA (SA) and relevant post-graduate qualification geared toward finance and investments (Non Negotiable)
• 10 years’ + relevant experience in either Banking or Insurance with a specific focus on Credit within life company (Non Negotiable)

Job Details:

Company: Old Mutual

Vacancy Type:  Full Time

Job Location: Pinelands, Western Cape, South Africa

Application Deadline: N/A

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