Your time is now to be your exceptional best at Old Mutual!

To deliver an integrated & independent first line audit function for the outsourced Retail portfolio in order to ensure that risk management, governance & critical control processes are operating effectively. Drive the delivery of assurance services that are designed to add value to business objectives by bringing a systematic, disciplined approach to evaluate & improve the effectiveness of risk management, control, and governance processes.

Audit

• Monitoring of outsourced activities within Retail Direct to enable the business strategy.
  
• Monitor and maintain adherence to agreements and related mandates.
  
• Execute the annual Audit Plan to ensure a balance of optimal risk coverage and efficient service delivery through partnership with key stakeholders, including Risk and Compliance, Internal & External Auditors and Regulators.
  
• Drive the implementation of the audit strategy that focuses on areas that requires attention while having a forward-looking view of any changes that impact processes and controls, both internally and externally. Identify audit requirements to support, evaluate and monitor the strategy.
  
• Provide input into the Audit Framework to ensure alignment to the company strategy and all risks are managed appropriately within the risk portfolio.
  
• Perform regular risk assessments as per the approved Annual Audit Plan to maintain the relevance thereof, assessing both internal and external risk factors within the portfolio.
  
• Review risk and control remedial activities and gaps that were identified in order to effectively mitigate risks to the business.
  
• Drive innovation and improvements in the audit and monitoring function to remain relevant.
  
• Perform audits across the business to understand capabilities within the business, adherence to agreement terms, exposures, pricing techniques and changes, claims trends and issues to ensure continued acceptable performance of the portfolio.
  
• Oversight on performance of the portfolios and significant losses and trends.
  
• Monitoring and oversight of reinsurance processes to ensure that adequate reinsurance is in place to mitigate risks.
  

Experience, knowledge & skills required

• Relevant tertiary qualification.
  
• Relevant insurance related qualifcations\accreditations.
  
• 2-3 years' experience in an auditing role with experience in the insurance industry preferable.
  

Skills

Education

Closing Date

31 March 2023

Old Mutual Limited is pro-vaccination and encourages its workforce to be fully vaccinated against Covid-19.

All prospective employees are required to disclose their vaccination status as part of the recruitment process.

Please refer to the Old Mutual's Covid-19 vaccination policy for further detail. Kindly note that Old Mutual reserves the right to reinstate the requirement to vaccinate at any point if it is of the view that it is imperative to do so.