Vacancies at Old Mutual Kenya

KEY TASKS AND RESPONSIBILITIES

• Technical Actuarial Support: Conduct and/or review internal actuarial liability valuations for relevant insurance subsidiaries and analysis of profitability/surplus,
• Review of external actuaries’ report and collaboration with the appointed actuaries to produce the Financial Condition Report.
• Experience Investigations: Perform profitability analysis, experience analysis, and other relevant actuarial investigations to inform business decisions.
• Product Profitability Review: Perform profitability analysis, experience analysis, and other relevant actuarial investigations for Old Mutual to inform business decisions.
• Solvency and Capital management: Carry out solvency computation for the BUs on a risk-based capital basis including solvency stress tests.
• Financial Modeling: assist with financial modeling of business scenarios/projects to inform business decision making.
• Strategy and Business Planning Support: assist with business planning financial projections and solvency projections for the Business Units. Perform stress and scenario analysis on the plan numbers.
• Reinsurance Support: Carry out a reinsurance analysis for the Life Kenya subsidiaries to explore ways to optimize on reinsurance arrangements.
• Reporting and Documentation: Presentation of results and reports to businesses and subsidiary boards committees. Preparation of Board Papers and regulatory solvency and valuation reports.
• Risk Management support: assist the Life Business Units and Risk Department in identifying, quantifying risk (insurance, market, credit risks etc.) where appropriate. Formulate appropriate risk mitigation measures for the BUs and develop a risk register for an enterprise in CURA (Risk System).
• Investment Strategy support: Develop/formulate appropriate investment strategies and/or review and monitoring of investment strategies for Old Mutual Life businesses.
• Other reasonable duties that may be assigned by management.

SKILLS AND COMPETENCIES

• Analytical Skills
• Data Handling knowledge
• Business Awareness
• Problem Solving Skills
• Communication and Presentation skills
• Ability to prioritize and work on a wide range of deliverables at once
• Working under minimal supervision
• Good interpersonal skills
• Proficiency in Microsoft office packages

KNOWLEDGE & EXPERIENCE

• IFRS17 Knowledge
• Familiar with the current Insurance regulations, Capital markets and Central Bank regulations
• Strong actuarial technical skills
• Strong analytical skills
• Strong data programming skills

QUALIFICATIONS

• Bachelor of Actuarial Science or other related finance or mathematics degree
• Minimum 5 years actuarial experience
• Actuarial Knowledge: Show progress with actuarial examinations, Minimum 7 papers from a recognized actuarial body

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KEY RESPONSIBILITIES

• Enhance and implement tools to identify, assess, mitigate and monitor key risks across the bank. These include, but are not limited to operational risk, credit risk, market risk, ESG risk and liquidity risk.
• Coordinate the development and implementation of the ESG Framework and work plan of the bank and ensure it is regularly updated.
• Ensure ESG risk reporting requirements are observed including the adoption in Risk Monitoring toolkits i.e. RCSA, risk registers.
• Contribute to the enhancement of risk awareness among staff and promotion of risk culture in the organization. Conduct training on risk / control matters
• Co-ordinate the updates and documentation of branch / departmental Risk registers and risk assessments.
• Monitoring, testing and reporting of internal control systems.
• Maintaining ‘fit for purpose’ MI comprising Key Risk Indicators (KRI’s), key risks, key controls, and management actions
• Bank wide compliance to the approved Risk Management Policy and framework, regulatory requirements, and the Old Mutual policies.
• Follow up on management action plans arising from all assurance findings to ensure timely and high‑quality closure by responsible owners and drive the achievement of established control‑environment performance metrics.
• Conduct risk assessments of the Bank’s products and offerings and conduct post implementation monitoring and review.
• Prepare risk reports necessary to enable the risk manager and the Head of Risk and Compliance to advise stakeholders accordingly.
• Perform testing of key controls and targeted risk reviews to identify gaps and advise the business.
• Monitor and ensure maintenance of risk events and follow up for closure on risk system (CURA)
• Implementing and enforcing the board approved AML, KYC & CFT policy in as far as is applicable within the area of responsibility.
• Project risk management: Monitor project risks for all key projects being undertaken by the bank.

SKILLS, KNOWLEDGE & COMPETENCIES

Knowledge and skills

• Knowledgeable in risk and compliance matters and have working knowledge of banking operations

Personal Attributes

• Must be able to work independently with good inter personal and project management skills. 
• A matured self-starter, self-motivated, meticulous and committed individual.
• Analytical
• Attention to detail
• High level of accuracy with the ability to work with fixed deadlines
• Visits to branches and other business units.

QUALIFICATIONS & EXPERIENCE

• Bachelor’s degree in business related field
• Certification in risk management; ACAMS
• 4 years’ experience in a bank or financial institution, with at least 2 in risk, compliance or audit functions

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KEY RESPONSIBILITIES

• Design, develop, and execute data analytics routines to support audit planning, execution, and continuous monitoring.
• Identify, extract, and integrate data from multiple sources (core systems, ERPs, data warehouses, third-party platforms).
• Write, test, and maintain SQL queries, data mining scripts, and analytics.
• Perform continuous auditing and monitoring analytics
• Conduct internal audits as assigned by the Supervisor.
• Assist in development of audit working papers.
• Planning for assigned audit engagements.
• Preparation of audit reports on the engagements assigned by the supervisor
• Carrying out data analysis as assigned by the supervisor.
• Carrying out adhoc investigations under supervision of supervisor.
• Follow up of issues after audit assignment.
• Conduct audit review on assigned units.
• Any other duties as may be directed by the supervisor.

SKILLS, KNOWLEDGE & COMPETENCIES

• Report writing skills
• Broad knowledge of banking operations and systems
• Good working knowledge of MS Office packages, Excel (Power Query, Pivot Tables, advanced formulas).
• Working knowledge of data analysis and visualization tools, e.g., Power BI, Tableau, Qlik, etc. (Required)
• Ability to write data mining and analytics scripts using SQL (Required)
• A good understanding of databases structures, data flows and data models. (Desirable)
• Honesty and high level of integrity
• Attentive to detail
• Ability to travel extensively around different parts of the country

QUALIFICATIONS & EXPERIENCE

• Basic Degree in Business, Statistics, related field, Computer Science or IT related degree course
• Data science concepts (Predictive analytics, Machine learning fundamentals (Desirable)
• Plus, CPA2 or ACCA
• CISA/CIA(Desirable)
• At least two (2) years relevant experience (Credit/Operations) 
• Banking/Insurance experience (Desirable)

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KEY TASKS AND RESPONSIBILITIES

Product Development and Ideation (Payments, Digital Lending, Collections, Customer Onboarding)-50%

• Ensure that products (payments, Digital lending, Collections) are scoped, approved and developed within the set timeline and budget.
• Act as the digital lead for regular product reviews to ensure they remain competitive within the agile banking market.
• Lead cross-functional teams through product design, prototyping, testing, and release including having a go to market strategy.
• Translate customer insights and market trends into actionable product features
• Oversee agile development cycles and ensure timely delivery of milestones
• Collaborate with UX/UI designers, engineers, and stakeholders to refine product vision and RFO for the bank is achieved.
• Work closely with Branches, MSME, SME and Community RMs, IB RMs, Business Banking and Retail Banking relationship team on fully embedding Transaction Banking and digital products solutions
• Champion product and sales activities to drive business growth.
• Utilize the existing resources efficiently to ensure the bank has competitive and up to standard product

Business Planning and Strategy- 25%

• Develop and prepare standard product proposals and presentations for banking services for pitching both internally and externally.
• Liaise with the bank developers and partners to continuously promote and design competitive products for the bank.
• Become the point of reference for clients and bank on the digital product initiatives.
• Implement e-banking and Transaction Banking product solutions to clients, of varying size and complexity.
• Assess and recommend pricing guidelines for Online Banking and Transaction Banking products to ensure the bank remains competitive and at the same time increase overall revenue collection.

Service Management -15%

• Implement electronic banking and Transaction banking product solutions to clients, of varying size and complexity.
• Ensure the team is well motivated and guided.
• Either through own initiative, or teams, be a pro-active member of the department, working to reduce project implementation cycle time.
• Co-ordinate resolution of digital and transaction Banking related problems within the agreed TAT.
• Become the point of reference for clients and bank on the Transaction Banking initiatives.
• Provide MIS and metrics on progress of products managed and provide input to management on customer implementation progress, and issues, for discussion with Sales Managers, and Relationship Managers.

Cost Containment – 10%

• Ensure Return on Equity is achieved for all the digital and transaction products by driving to achieve agreed share of wallet (SOW).
• Ensure prudent use of bank resources such as taxis and during customer events such as lunches.

KEY RESPONSIBILITIES

Target Achievement

• Ensuring the product targets set by the bank on digital strategy are met fully and timely. This will be measured quarterly to check progress.

Innovation

• Engage on regular innovation forums with vendors, Information Technology and Management teams and contribute towards ensuring the banks product remain innovative and competitive.

Compliance

• Comply with all the existing banks policies and procedures
• Submit to Risk and audit team when called upon to
• Constant review on the banks digital and transaction banking strategies to ensure they are at per with the best in the market

Conduct regular staff product trainings

• Ensure staff are trained regularly on the bank’s digital solutions
• Create CVPs for the sales team in the bank to use during customer presentations

SKILLS, KNOWLEDGE & COMPETENCIES

• Proficient in Ms Office Suite – Ms Word, Power Point, Ms Visio, Ms Excel, Ms Access etc.
• Strong Understanding of Digital and Cash management products including Mobile Banking, Internet banking, Host to Host Integration, Digital Leding and Card Business
• Excellent problem-solving and troubleshooting skills.
• Strong communication and collaboration abilities.

QUALIFICATIONS & EXPERIENCE

• University Degree in a Business/Sales/IT Related Field - Minimum 2nd Class Honors
• A master’s degree qualifications will be an added advantage.
• A professional qualification in IT or project management field is an added advantage.
• Minimum of 5 years of experience in Digital/Transaction banking/Cash management product Development/management role.
• Relevant certifications (Sales and Project Management) are a plus.