74 Chief Risk Officer jobs in South Africa

We looking for a candidate who are responsible for assessing and

mitigating significant challenges associated with competition, regulations, and

digital developments. In essence, they manage risks for a large insurance group = Short term experience

Experience and Qualifications:

The following experience and qualification will be required:

· Post graduate degree in Risk Management, Compliance or Legal, OR

· Postgraduate degree in Actuarial and/ or Accounting Science (FASSA

or CA(SA))

· Registration with the Institute of Risk Management South Africa (IRMSA)

· years' experience in risk management or compliance within a financial services or non-life insurance environment

· 5 - 8 years business management and/ or risk and/ or compliance experience at a senior management or executive level

· Experience as a Head of a Control Function will be preferred

Job Type: Full-time

Work Location: In person

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach. Visit us at .

Disclaimer As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose
Partner with stakeholders to provide trusted and valued risk management, legal and compliance services that advances the business' strategy and achieves the appropriate balance between risk and reward, while challenging business to manage risks better, thereby enhancing the business' reputation with all stakeholders.

Requirements
Experience and Qualifications:
The following experience and qualification will be required:

• Post graduate degree in Risk Management, Compliance or Legal, OR
• Postgraduate degree in Actuarial and/ or Accounting Science (FASSA or CA(SA))
• Registration with the Institute of Risk Management South Africa (IRMSA)
• years' experience in risk management or compliance within a financial services or non-life insurance environment
• 5 - 8 years business management and/ or risk and/ or compliance experience at a senior management or executive level
• Experience as a Head of a Control Function will be preferred

Duties & Responsibilities
Internal Process

• Executive responsible for risk, solvency and capital management, actuarial control function support, compliance, market conduct, ombudsman and regulatory complaints as well as corporate legal and governance, including company secretarial services.
• Executive responsible for the formulation and embedment of the company's sustainability strategy.
• Fulfil the statutory role as the head of the risk control function of Momentum Insure.
• Keep abreast of legislation and best practices within the risk, legal and compliance field and understand and influence business strategy and culture
• Foster strong relationships with regulators and industry bodies to ensure the company's interests are represented and to stay informed about regulatory changes and industry best practices.
• Formulate and influence the business risk strategy and risk appetite, including appropriate measurement, monitoring and reporting tools, and contribute as part of the risk community to organisation's Risk strategy.
• Provide stakeholders with insights regarding risk drivers to increase management's responsiveness and influence business decisions.
• Oversee and provide advice to the Board of Directors, Audit and Risk Committee, senior management, and wider business on all risk and regulatory related matters, including business decisions, strategic initiatives, and corporate governance.
• Foster a risk aware culture where risk and compliance activities are integrated and embedded in business practices through ongoing communication and education.
• Establish the risk management process for the business including identification, assessment, monitoring, management and reporting on key risks facing the business.
• Manage the identification and investigation of material risks that may have an impact on the ability of the business to meet its objectives, in conjunction with the risk community.
• Direct and oversee the implementation of the risk management, legal and compliance framework and solutions within the business, ensuring that the business remains within its risk appetite.
• Manage the ongoing assessment of the adequacy and efficiency of risk management framework, risk appetite statement, risk management strategy and controls at a business level and drive the implementation of measures to enhance controls and risk management.
• Establish an aggregated view of the business current and evolving risk profile.
• Take responsibility for the coordination, execution and maturing of the business's Own Risk and Solvency Assessment (ORSA) process.
• Manage the reporting of the business' risk profile and outcome of ORSA, including details of all material risk exposures facing the business and related mitigating actions.
• Report on the effectiveness of the implementation of the risk management within the business and identified improvements that are required.
• Oversee the assessment, monitoring and reporting of the solvency position of the business and ensure that the business is appropriately capitalised.
• Contribute to organisation wide risk governance structures, policies and frameworks to ensure continuous integration, collaboration and alignment of risk and compliance practices across the group.
• Oversee the appropriate stress testing and scenario analysis and forward-looking projections are performed and the results are taken into account in strategy, business planning and monitoring.
• Develop risk and compliance governance structures within the business to facilitate the appropriate, accurate and timely flow of information.
• Develop strong partnerships across the business that facilitates the managing and mitigation of risks across the various areas of the business, resulting in an integrated risk management effort.
• Provide executive management within the business with advice on the risk and compliance implications of business activities, and provide consultative support to assess, prioritise and mitigate potential risks.

Client

• Build and maintain relationships with clients and stakeholders.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Define fair and innovative client service practices which build rewarding relationships and allows team to provide exceptional client service.
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.
• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.
• Develop client service level agreements and standards in order to ensure clients receive clear and accurate information and are kept informed at all times.
• Drive efforts to improve client service and fair treatment of clients within area of responsibility.
• Incorporate client feedback into the enhancement of daily business processes and management operating systems.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

People

• Continuously train, develop and up-skill the Legal, Risk and Compliance team.
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning-both informal and formal, improvement and cohesiveness.
• Create a positive work climate and culture to energise and empower employees, ensuring their work has meaning, thereby minimising disruption and maximising productivity in managing enterprise threats.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational behaviours.
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
• Strategically identify employee growth and development needs and schedule targeted interventions to ensure the team possesses the requisite expertise for ongoing development, training, and personal growth.
• Effectively manage performance within the team in order to ensure business objectives are achieved.
• Encourage innovation, change agility and collaboration within the team.
• Live the Momentum Insure behaviours.

Finance

• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Competencies

• Exploring Possibilities
• Making Decisions
• Developing Strategies
• Directing People
• Articulating Information

Skills required:

• Strategic and tactical thinking capability
• Business acumen
• Strong interpersonal skills
• Strong people skills
• Negotiation skills
• Project management

Introduction

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach. Visit us at

Disclaimer

As an applicant, please verify the legitimacy of this job advert on our company career page.

Role Purpose

Partner with stakeholders to provide trusted and valued risk management, legal and compliance services that advances the business' strategy and achieves the appropriate balance between risk and reward, while challenging business to manage risks better, thereby enhancing the business' reputation with all stakeholders.

Requirements

Experience and Qualifications:

The following experience and qualification will be required:

• Post graduate degree in Risk Management, Compliance or Legal, OR

• Postgraduate degree in Actuarial and/ or Accounting Science (FASSA or CA(SA))

• Registration with the Institute of Risk Management South Africa (IRMSA)

• years' experience in risk management or compliance within a financial services or non-life insurance environment

• 5 - 8 years business management and/ or risk and/ or compliance experience at a senior management or executive level

• Experience as a Head of a Control Function will be preferred

Duties & Responsibilities

Internal Process

• Executive responsible for risk, solvency and capital management, actuarial control function support, compliance, market conduct, ombudsman and regulatory complaints as well as corporate legal and governance, including company secretarial services.

• Executive responsible for the formulation and embedment of the company's sustainability strategy.

• Fulfil the statutory role as the head of the risk control function of Momentum Insure.

• Keep abreast of legislation and best practices within the risk, legal and compliance field and understand and influence business strategy and culture

• Foster strong relationships with regulators and industry bodies to ensure the company's interests are represented and to stay informed about regulatory changes and industry best practices.

• Formulate and influence the business risk strategy and risk appetite, including appropriate measurement, monitoring and reporting tools, and contribute as part of the risk community to organisation's Risk strategy.

• Provide stakeholders with insights regarding risk drivers to increase management's responsiveness and influence business decisions.

• Oversee and provide advice to the Board of Directors, Audit and Risk Committee, senior management, and wider business on all risk and regulatory related matters, including business decisions, strategic initiatives, and corporate governance.

• Foster a risk aware culture where risk and compliance activities are integrated and embedded in business practices through ongoing communication and education.

• Establish the risk management process for the business including identification, assessment, monitoring, management and reporting on key risks facing the business.

• Manage the identification and investigation of material risks that may have an impact on the ability of the business to meet its objectives, in conjunction with the risk community.

• Direct and oversee the implementation of the risk management, legal and compliance framework and solutions within the business, ensuring that the business remains within its risk appetite.

• Manage the ongoing assessment of the adequacy and efficiency of risk management framework, risk appetite statement, risk management strategy and controls at a business level and drive the implementation of measures to enhance controls and risk management.

• Establish an aggregated view of the business current and evolving risk profile.

• Take responsibility for the coordination, execution and maturing of the business's Own Risk and Solvency Assessment (ORSA) process.

• Manage the reporting of the business' risk profile and outcome of ORSA, including details of all material risk exposures facing the business and related mitigating actions.

• Report on the effectiveness of the implementation of the risk management within the business and identified improvements that are required.

• Oversee the assessment, monitoring and reporting of the solvency position of the business and ensure that the business is appropriately capitalised.

• Contribute to organisation wide risk governance structures, policies and frameworks to ensure continuous integration, collaboration and alignment of risk and compliance practices across the group.

• Oversee the appropriate stress testing and scenario analysis and forward-looking projections are performed and the results are taken into account in strategy, business planning and monitoring.

• Develop risk and compliance governance structures within the business to facilitate the appropriate, accurate and timely flow of information.

• Develop strong partnerships across the business that facilitates the managing and mitigation of risks across the various areas of the business, resulting in an integrated risk management effort.

• Provide executive management within the business with advice on the risk and compliance implications of business activities, and provide consultative support to assess, prioritise and mitigate potential risks.

Client

• Build and maintain relationships with clients and stakeholders.

• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.

• Define fair and innovative client service practices which build rewarding relationships and allows team to provide exceptional client service.

• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.

• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.

• Develop client service level agreements and standards in order to ensure clients receive clear and accurate information and are kept informed at all times.

• Drive efforts to improve client service and fair treatment of clients within area of responsibility.

• Incorporate client feedback into the enhancement of daily business processes and management operating systems.

• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

People

• Continuously train, develop and up-skill the Legal, Risk and Compliance team.

• Drive a culture that guides and directs best practice, fostering an environment of continuous learning-both informal and formal, improvement and cohesiveness.

• Create a positive work climate and culture to energise and empower employees, ensuring their work has meaning, thereby minimising disruption and maximising productivity in managing enterprise threats.

• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational behaviours.

• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.

• Strategically identify employee growth and development needs and schedule targeted interventions to ensure the team possesses the requisite expertise for ongoing development, training, and personal growth.

• Effectively manage performance within the team in order to ensure business objectives are achieved.

• Encourage innovation, change agility and collaboration within the team.

• Live the Momentum Insure behaviours.

Finance

• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.

• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.

• Identify solutions to enhance cost effectiveness and increase operational efficiency.

• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.

• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Competencies

• Exploring Possibilities

• Making Decisions

• Developing Strategies

• Directing People

• Articulating Information

Skills required:

• Strategic and tactical thinking capability

• Business acumen

• Strong interpersonal skills

• Strong people skills

• Negotiation skills

• Project management

Momentum Group Limited (Momentum Group) is a significant player in South Africa's life insurance and integrated financial services sectors. We are a proud Level 1 B-BBEE South African-based group dedicated to building and protecting our clients' financial dreams. Our client-facing retail and specialist brands, including renowned names such as Momentum, Metropolitan, Guardrisk, and Eris Properties, play a pivotal role in fulfilling this purpose.

Our federated model emphasises empowerment, accountability, and continuous engagement with all our stakeholders. Designed in close consultation with leaders across the group, this operating model aims to unleash each business unit's inherent energy and commercial drive through our collaborative federated approach. Visit us at

Chief Risk Officer

Role Purpose

Partner with stakeholders to provide trusted and valued risk management, legal and compliance services that advances the business' strategy and achieves the appropriate balance between risk and reward, while challenging business to manage risks better, thereby enhancing the business' reputation with all stakeholders.

Responsibilities and work outputs

Internal Process

• Executive responsible for risk, solvency and capital management, actuarial control function support, compliance, market conduct, ombudsman and regulatory complaints as well as corporate legal and governance, including company secretarial services.
• Executive responsible for the formulation and embedment of the company's sustainability strategy.
• Fulfil the statutory role as the head of the risk control function of Momentum Insure.
• Keep abreast of legislation and best practices within the risk, legal and compliance field and understand and influence business strategy and culture
• Foster strong relationships with regulators and industry bodies to ensure the company's interests are represented and to stay informed about regulatory changes and industry best practices.
• Formulate and influence the business risk strategy and risk appetite, including appropriate measurement, monitoring and reporting tools, and contribute as part of the risk community to organisation's Risk strategy.
• Provide stakeholders with insights regarding risk drivers to increase management's responsiveness and influence business decisions.
• Oversee and provide advice to the Board of Directors, Audit and Risk Committee, senior management, and wider business on all risk and regulatory related matters, including business decisions, strategic initiatives, and corporate governance.
• Foster a risk aware culture where risk and compliance activities are integrated and embedded in business practices through ongoing communication and education.
• Establish the risk management process for the business including identification, assessment, monitoring, management and reporting on key risks facing the business.
• Manage the identification and investigation of material risks that may have an impact on the ability of the business to meet its objectives, in conjunction with the risk community.
• Direct and oversee the implementation of the risk management, legal and compliance framework and solutions within the business, ensuring that the business remains within its risk appetite.
• Manage the ongoing assessment of the adequacy and efficiency of risk management framework, risk appetite statement, risk management strategy and controls at a business level and drive the implementation of measures to enhance controls and risk management.
• Establish an aggregated view of the business current and evolving risk profile.
• Take responsibility for the coordination, execution and maturing of the business's Own Risk and Solvency Assessment (ORSA) process.
• Manage the reporting of the business' risk profile and outcome of ORSA, including details of all material risk exposures facing the business and related mitigating actions.
• Report on the effectiveness of the implementation of the risk management within the business and identified improvements that are required.
• Oversee the assessment, monitoring and reporting of the solvency position of the business and ensure that the business is appropriately capitalised.
• Contribute to organisation wide risk governance structures, policies and frameworks to ensure continuous integration, collaboration and alignment of risk and compliance practices across the group.
• Oversee the appropriate stress testing and scenario analysis and forward-looking projections are performed and the results are taken into account in strategy, business planning and monitoring.
• Develop risk and compliance governance structures within the business to facilitate the appropriate, accurate and timely flow of information.
• Develop strong partnerships across the business that facilitates the managing and mitigation of risks across the various areas of the business, resulting in an integrated risk management effort.
• Provide executive management within the business with advice on the risk and compliance implications of business activities, and provide consultative support to assess, prioritise and mitigate potential risks.

Client

• Build and maintain relationships with clients and stakeholders.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Define fair and innovative client service practices which build rewarding relationships and allows team to provide exceptional client service.
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.
• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.
• Develop client service level agreements and standards in order to ensure clients receive clear and accurate information and are kept informed at all times.
• Drive efforts to improve client service and fair treatment of clients within area of responsibility.
• Incorporate client feedback into the enhancement of daily business processes and management operating systems.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

People

• Continuously train, develop and up-skill the Legal, Risk and Compliance team.
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning-both informal and formal, improvement and cohesiveness.
• Create a positive work climate and culture to energise and empower employees, ensuring their work has meaning, thereby minimising disruption and maximising productivity in managing enterprise threats.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational behaviours.
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
• Strategically identify employee growth and development needs and schedule targeted interventions to ensure the team possesses the requisite expertise for ongoing development, training, and personal growth.
• Effectively manage performance within the team in order to ensure business objectives are achieved.
• Encourage innovation, change agility and collaboration within the team.
• Live the Momentum Insure behaviours.

Finance

• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

Skills required:

• Strategic and tactical thinking capability
• Business acumen
• Strong interpersonal skills
• Strong people skills
• Negotiation skills
• Project management

Competencies required:

• Exploring Possibilities
• Making Decisions
• Developing Strategies
• Directing People
• Articulating Information

Experience and Qualifications:

The following experience and qualification will be required:

• Post graduate degree in Risk Management, Compliance or Legal, OR
• Postgraduate degree in Actuarial and/ or Accounting Science (FASSA or CA(SA))
• Registration with the Institute of Risk Management South Africa (IRMSA)
• years' experience in risk management or compliance within a financial services or non-life insurance environment
• 5 - 8 years business management and/ or risk and/ or compliance experience at a senior management or executive level
• Experience as a Head of a Control Function will be preferred

Location

The above-mentioned position is currently available at our office in Centurion.

All positions will be filled in accordance with our Employment Equity plan. We also encourage people with disabilities to apply.

We are seeking a
Chief Risk Officer (CRO)
to lead the design, oversight, and continuous improvement of risk management strategies across the organization. This role is accountable for ensuring effective governance, regulatory compliance, and enterprise-wide risk frameworks that safeguard strategic objectives and business continuity.

Key Responsibilities

• Define and implement the enterprise risk management framework, policies, and governance structure.
• Provide strategic direction on risk appetite, tolerance, and mitigation strategies.
• Oversee operational, financial, regulatory, and reputational risk exposure.
• Partner with executive leadership and the board to drive risk-informed decision-making.
• Monitor emerging risks, geopolitical shifts, and regulatory developments that impact business operations.
• Ensure compliance with local and global risk management standards.
• Lead risk assessments, audits, and crisis management planning.
• Build a high-performing risk management team and instill a culture of risk awareness.

Key Requirements

• Proven track record in a senior risk leadership role within financial services, insurance, or complex multinational environments.
• Strong knowledge of enterprise risk management frameworks (COSO, ISO 31000, Basel III, Solvency II, etc.).
• Demonstrated ability to influence at board and executive level.
• Deep expertise in regulatory compliance, governance, and corporate risk strategies.
• Strong analytical, strategic thinking, and crisis management capabilities.
• Excellent stakeholder engagement and communication skills.

Preferred Qualifications

• Master's degree in Risk Management, Finance, Economics, or related discipline.
• Professional certifications such as FRM, CRM, PRM, or CFA are highly regarded.

Job Summary: Partner with stakeholders to provide trusted and valued risk management, legal and compliance services that advances the business' strategy and achieves the appropriate balance between risk and reward, while challenging business to manage risks better, thereby enhancing the business' reputation with all stakeholders. Job Function:

• Responsible for the formulation and embedment of the company’s sustainability strategy.
• Fulfil the statutory role as the head of the risk control function
• Keep abreast of legislation and best practices within the risk, legal and compliance field and understand and influence business strategy and culture
• Foster strong relationships with regulators and industry bodies to ensure the company's interests are represented and to stay informed about regulatory changes and industry best practices.
• Formulate and influence the business risk strategy and risk appetite, including appropriate measurement, monitoring and reporting tools, and contribute as part of the risk community to organisation's Risk strategy.
• Provide stakeholders with insights regarding risk drivers to increase management’s responsiveness and influence business decisions.
• Oversee and provide advice to the Board of Directors, Audit and Risk Committee, senior management, and wider business on all risk and regulatory related matters, including business decisions, strategic initiatives, and corporate governance.
• Foster a risk aware culture where risk and compliance activities are integrated and embedded in business practices through ongoing communication and education.
• Establish the risk management process for the business including identification, assessment, monitoring, management and reporting on key risks facing the business.
• Manage the identification and investigation of material risks that may have an impact on the ability of the business to meet its objectives, in conjunction with the risk community.
• Direct and oversee the implementation of the risk management, legal and compliance framework and solutions within the business, ensuring that the business remains within its risk appetite.
• Manage the ongoing assessment of the adequacy and efficiency of risk management framework, risk appetite statement, risk management strategy and controls at a business level and drive the implementation of measures to enhance controls and risk management.
• Establish an aggregated view of the business current and evolving risk profile.
• Take responsibility for the coordination, execution and maturing of the business’s Own Risk and Solvency Assessment (ORSA) process.
• Manage the reporting of the business' risk profile and outcome of ORSA, including details of all material risk exposures facing the business and related mitigating actions.
• Report on the effectiveness of the implementation of the risk management within the business and identified improvements that are required.
• Oversee the assessment, monitoring and reporting of the solvency position of the business and ensure that the business is appropriately capitalised.
• Contribute to organisation wide risk governance structures, policies and frameworks to ensure continuous integration, collaboration and alignment of risk and compliance practices across the group.
• Oversee the appropriate stress testing and scenario analysis and forward-looking projections are performed and the results are taken into account in strategy, business planning and monitoring.
• Develop risk and compliance governance structures within the business to facilitate the appropriate, accurate and timely flow of information.
• Develop strong partnerships across the business that facilitates the managing and mitigation of risks across the various areas of the business, resulting in an integrated risk management effort.
• Provide executive management within the business with advice on the risk and compliance implications of business activities, and provide consultative support to assess, prioritise and mitigate potential risks.

Risk, Legal & Compliance Leadership

• 
  

  Lead the organisation’s risk, solvency, and capital management strategies.

  
  


• 
  

  Oversee compliance, market conduct, regulatory complaints, and governance frameworks.

  
  


• 
  

  Ensure the business operates within defined risk appetite and complies with relevant legislation and industry best practices.

  
  


• 
  

  Develop and embed sustainability and corporate governance strategies.

  
  


• 
  

  Oversee risk reporting, monitoring, and the execution of Own Risk and Solvency Assessment (ORSA) processes.

  
  


• 
  

  Manage and mature the organisation’s risk control and compliance frameworks.

  
  


• 
  

  Conduct stress testing, scenario analysis, and forward-looking projections to support strategic planning.

  
  

• 
  

  Establish a strong risk culture through education, awareness, and effective communication.

  
  

Stakeholder Engagement

• 
  

  Build and maintain trusted relationships with internal and external stakeholders, including regulators and industry bodies.

  
  


• 
  

  Advise the Board, Audit, and Risk Committees on all matters related to risk and regulatory compliance.

  
  


• 
  

  Provide actionable insights and guidance to influence business decisions.

  
  


• 
  

  Drive initiatives that promote fair treatment and service excellence for clients.

  
  

Leadership & Team Development

• 
  

  Lead, coach, and develop the Legal, Risk, and Compliance teams to achieve strategic objectives.

  
  


• 
  

  Foster a culture of accountability, collaboration, and continuous learning.

  
  


• 
  

  Manage team performance, development plans, and succession strategies.

  
  


• 
  

  Encourage innovation, agility, and excellence within the team.

  
  

Financial Oversight

• 
  

  Manage the department’s budget and ensure compliance with financial regulations.

  
  


• 
  

  Identify opportunities to improve cost efficiency and operational effectiveness.

  
  


• 
  

  Address and report any financial non-compliance or irregularities.

  
  

Education & Qualifications

• 
  

  Postgraduate degree in Risk Management, Compliance, Legal, Actuarial Science, or Accounting (FASSA or CA(SA) advantageous).

  
  


• 
  

  Registration with the Institute of Risk Management South Africa (IRMSA) preferred.

  
  

Experience

• 
  

  10–12 years’ experience in risk management or compliance, ideally within financial services or insurance.

  
  


• 
  

  Minimum 5–8 years in senior management or executive leadership.

  
  


• 
  

  Experience as a Head of a Control Function highly advantageous.

  
  

Key Skills & Competencies

• 
  

  Strategic and analytical thinker with strong business acumen.

  
  


• 
  

  Excellent leadership and stakeholder management capabilities.

  
  


• 
  

  Skilled in risk analysis, governance, and compliance frameworks.

  
  


• 
  

  Strong interpersonal, communication, and negotiation skills.

  
  


• 
  

  Proven ability to manage teams and drive organisational change.

  
  

This is a senior leadership opportunity for an experienced risk professional ready to shape and strengthen the organisation’s risk culture. If you’re a strategic leader passionate about governance, compliance, and sustainable growth — we’d love to hear from you.

Role Purpose

Partner with stakeholders to provide trusted and valued risk management, legal and compliance services that advances the business' strategy and achieves the appropriate balance between risk and reward, while challenging business to manage risks better, thereby enhancing the business' reputation with all stakeholders.

Requirements
Experience and Qualifications:
The Following Experience And Qualification Will Be Required

• Post graduate degree in Risk Management, Compliance or Legal, OR
• Postgraduate degree in Actuarial and/ or Accounting Science (FASSA or CA(SA))
• Registration with the Institute of Risk Management South Africa (IRMSA)
• years' experience in risk management or compliance within a financial services or non-life insurance environment
• 5 - 8 years business management and/ or risk and/ or compliance experience at a senior management or executive level
• Experience as a Head of a Control Function will be preferred

Duties and Responsibilities

Internal Process

• Executive responsible for risk, solvency and capital management, actuarial control function support, compliance, market conduct, ombudsman and regulatory complaints as well as corporate legal and governance, including company secretarial services.
• Executive responsible for the formulation and embedment of the company's sustainability strategy.
• Fulfil the statutory role as the head of the risk control function of Momentum Insure.
• Keep abreast of legislation and best practices within the risk, legal and compliance field and understand and influence business strategy and culture
• Foster strong relationships with regulators and industry bodies to ensure the company's interests are represented and to stay informed about regulatory changes and industry best practices.
• Formulate and influence the business risk strategy and risk appetite, including appropriate measurement, monitoring and reporting tools, and contribute as part of the risk community to organisation's Risk strategy.
• Provide stakeholders with insights regarding risk drivers to increase management's responsiveness and influence business decisions.
• Oversee and provide advice to the Board of Directors, Audit and Risk Committee, senior management, and wider business on all risk and regulatory related matters, including business decisions, strategic initiatives, and corporate governance.
• Foster a risk aware culture where risk and compliance activities are integrated and embedded in business practices through ongoing communication and education.
• Establish the risk management process for the business including identification, assessment, monitoring, management and reporting on key risks facing the business.
• Manage the identification and investigation of material risks that may have an impact on the ability of the business to meet its objectives, in conjunction with the risk community.
• Direct and oversee the implementation of the risk management, legal and compliance framework and solutions within the business, ensuring that the business remains within its risk appetite.
• Manage the ongoing assessment of the adequacy and efficiency of risk management framework, risk appetite statement, risk management strategy and controls at a business level and drive the implementation of measures to enhance controls and risk management.
• Establish an aggregated view of the business current and evolving risk profile.
• Take responsibility for the coordination, execution and maturing of the business's Own Risk and Solvency Assessment (ORSA) process.
• Manage the reporting of the business' risk profile and outcome of ORSA, including details of all material risk exposures facing the business and related mitigating actions.
• Report on the effectiveness of the implementation of the risk management within the business and identified improvements that are required.
• Oversee the assessment, monitoring and reporting of the solvency position of the business and ensure that the business is appropriately capitalised.
• Contribute to organisation wide risk governance structures, policies and frameworks to ensure continuous integration, collaboration and alignment of risk and compliance practices across the group.
• Oversee the appropriate stress testing and scenario analysis and forward-looking projections are performed and the results are taken into account in strategy, business planning and monitoring.
• Develop risk and compliance governance structures within the business to facilitate the appropriate, accurate and timely flow of information.
• Develop strong partnerships across the business that facilitates the managing and mitigation of risks across the various areas of the business, resulting in an integrated risk management effort.
• Provide executive management within the business with advice on the risk and compliance implications of business activities, and provide consultative support to assess, prioritise and mitigate potential risks.

Client

• Build and maintain relationships with clients and stakeholders.
• Contribute to sustaining a competitive edge through external networking and benchmarking and representation on related forums.
• Define fair and innovative client service practices which build rewarding relationships and allows team to provide exceptional client service.
• Engage with key internal and external stakeholders to identify changing client needs and make recommendations to align service offering with client needs.
• Contribute to a client service excellence culture which builds enduring relationships and allows team to provide exceptional client service.
• Develop client service level agreements and standards in order to ensure clients receive clear and accurate information and are kept informed at all times.
• Drive efforts to improve client service and fair treatment of clients within area of responsibility.
• Incorporate client feedback into the enhancement of daily business processes and management operating systems.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.

People

• Continuously train, develop and up-skill the Legal, Risk and Compliance team.
• Drive a culture that guides and directs best practice, fostering an environment of continuous learning-both informal and formal, improvement and cohesiveness.
• Create a positive work climate and culture to energise and empower employees, ensuring their work has meaning, thereby minimising disruption and maximising productivity in managing enterprise threats.
• Demonstrate exemplary leadership behaviour, through personal involvement, commitment and dedication in support of organisational behaviours.
• Enable a learning and growth culture whereby information regarding successes, issues, trends and ideas are actively shared between team members.
• Strategically identify employee growth and development needs and schedule targeted interventions to ensure the team possesses the requisite expertise for ongoing development, training, and personal growth.
• Effectively manage performance within the team in order to ensure business objectives are achieved.
• Encourage innovation, change agility and collaboration within the team.
• Live the Momentum Insure behaviours.

Finance

• Control the budget for area, including the authorisation of expenditures and implementation of financial regulations.
• Manage high risk and problematic financial issues in area of accountability and contribute to the development of policy.
• Identify solutions to enhance cost effectiveness and increase operational efficiency.
• Implement and manage financial risk methodologies, techniques and systems and use to monitor and report on financial activities.
• Investigate reported wilful acts of non-compliance to organisation policy and practice and report on findings.

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Responsibilities

• Candidate will be responsible to support the oversight of key risk areas, namely Operational Risk, Outsourcing Risk, Business Continuity Management, IT Risk, Internal Control, Risk Data Aggregation
• Risk monitoring and control support
• Implementing risk strategies
• Monitor and provide awareness on tool management
• Collaboration with key stakeholders
• Monitor and enhance internal controls
• Support the organizations business continuity development and implementation
• Enhance the risk data aggregation and risk reporting framework
• Third party risk management
• Update risk management policies and procedure
• Build on the risk culture by coordinating engagements between risk and first line departments and promote a culture of transparency.
• Prepare Regulatory presentation

Requirements

• Bachelors degree.
• Minimum of 3 years experience in Operational Risk Management.
• Banking experience preferred