Old Mutual

Job Description

The Financial Risk Manager is responsible for supporting the execution of OMMALA’s Group Capital Management, Strategic Asset Allocation reporting, and Asset-Liability Management (ALM) to ensure that resources are optimally sourced and allocated in delivering the strategy.Malawi job listings

The role is responsible for operationalising balance sheet optimisation initiatives across capital management, liquidity, funding, asset-liability management (ALM), and strategic asset allocation, while maintaining strong governance, risk discipline, and stakeholder alignment. The incumbent collaborates cross-functionally with Finance, Risk, the Old Mutual Investment team, and Business Units to translate capital, funding, and balance sheet strategy into actionable plans, financial models, and effective operational controls.

Capital Management & Allocation Execution

• Implement the OMMALA Capital Management framework and methodologies.
• Support capital budgeting, allocation processes, and dividend policy execution.
• Drive balance sheet efficiency through improved solvency and quality of capital metrics.
• Monitor accessible capital levels and ensure alignment with regulatory and economic capital requirements.
• Conduct capital impact assessments for new initiatives, acquisitions and strategic projects.

Liquidity & Funding Management

• Support operational execution of the Capital & Funding Plan.
• Monitor Group-wide liquidity risk and cash management frameworks.
• Monitor liquidity and market risk models across the Group.

Strategic Asset Allocation & Shareholder Portfolio Oversight

• Support management of Strategic Asset Allocation (SAA) for shareholder assets.
• Analyse asset-liability linkages to optimise investment strategy.
• Monitor credit portfolio exposures within capital and risk frameworks.
• Collaborate with Investment and Risk teams to ensure regulatory and economic capital optimisation.

Asset-Liability Management (ALM) & Balance Sheet Optimisation Support

• Conduct financial risk assessments and escalate findings to compliance and risk management teams.
• Execute ALM initiatives and monitor matching metrics.
• Analyse balance sheet risks including liquidity, interest rate, and market risks.
• Contribute to continuous balance sheet simplification and optimisation initiatives.
• Track and report on RoNAV drivers and capital utilisation.

Risk Modelling, Scenario Analysis & Governance

• Develop financial forecasting models and stress testing scenarios.
• Assess capital and liquidity implications of adverse scenarios.
• Ensure alignment with risk appetite and regulatory requirements.

Stakeholder Management & Functional Effectiveness

• Engage stakeholders across Finance, Risk, Investment and Business leadership teams
• Build collaborative working relationships with internal and external stakeholders.
• Drive cross-functional collaboration to optimise balance sheet outcomes
• Prepare reports for governance committees and senior leadership.
• Escalate emerging balance sheet risks proactively.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, Economics or Statistics.
• Those with Risk management or actuarial knowledge will have an added advantage
• Minimum 5 – 8 years of progressive experience in Capital Management, Treasury or Finance in the financial services industry, preferably within the insurance sector.
• Experience in capital modelling, funding structures and financial forecasting

Technical Skills

• Capital optimisation and solvency modelling
• Liquidity risk management
• Asset-liability modelling
• Advanced financial modelling and forecasting
• Credit risk analytics
• Policy and governance implementation
• Balance sheet optimisation techniques

Skills

• Accounting, Action Planning, Balance Sheet Analysis, Budget Management, Computer Literacy, Credit Risk Analysis, Data Compilation, Data Controls, Data Modeling, Evaluating Information, Financial Acumen, Financial Modeling, Liquidity Risk, Management Reporting, Numerical Aptitude, Oral Communications, Policy Governance, Report Review

Competencies

• Business Insight
• Communicates Effectively
• Decision Quality
• Ensures Accountability
• Financial Acumen
• Manages Complexity
• Plans and Aligns
• Tech Savvy News

Education

• Bachelor Of Accountancy: Finance, Economics (Required)

• Implement the OMMALA Capital Management framework and methodologies.
• Support capital budgeting, allocation processes, and dividend policy execution.
• Drive balance sheet efficiency through improved solvency and quality of capital metrics.
• Monitor accessible capital levels and ensure alignment with regulatory and economic capital requirements.
• Conduct capital impact assessments for new initiatives, acquisitions and strategic projects.
• Support operational execution of the Capital & Funding Plan.
• Monitor Group-wide liquidity risk and cash management frameworks.
• Monitor liquidity and market risk models across the Group.
• Support management of Strategic Asset Allocation (SAA) for shareholder assets.
• Analyse asset-liability linkages to optimise investment strategy.
• Monitor credit portfolio exposures within capital and risk frameworks.
• Collaborate with Investment and Risk teams to ensure regulatory and economic capital optimisation.
• Conduct financial risk assessments and escalate findings to compliance and risk management teams.
• Execute ALM initiatives and monitor matching metrics.
• Analyse balance sheet risks including liquidity, interest rate, and market risks.
• Contribute to continuous balance sheet simplification and optimisation initiatives.
• Track and report on RoNAV drivers and capital utilisation.
• Develop financial forecasting models and stress testing scenarios.
• Assess capital and liquidity implications of adverse scenarios.
• Ensure alignment with risk appetite and regulatory requirements.
• Engage stakeholders across Finance, Risk, Investment and Business leadership teams
• Build collaborative working relationships with internal and external stakeholders.
• Drive cross-functional collaboration to optimise balance sheet outcomes
• Prepare reports for governance committees and senior leadership.
• Escalate emerging balance sheet risks proactively.

• Accounting
• Action Planning
• Balance Sheet Analysis
• Budget Management
• Computer Literacy
• Credit Risk Analysis
• Data Compilation
• Data Controls
• Data Modeling
• Evaluating Information
• Financial Acumen
• Financial Modeling
• Liquidity Risk
• Management Reporting
• Numerical Aptitude
• Oral Communications
• Policy Governance
• Report Review

• Bachelor’s degree in Accounting, Finance, Economics or Statistics.
• Those with Risk management or actuarial knowledge will have an added advantage
• Experience in capital modelling, funding structures and financial forecasting