Chief Innovation Officer at Old Mutual

Job Description

This role is responsible for managing the innovation process inside the organization that identifies strategies, business opportunities and new technologies and then develops new capabilities and architectures with partners, new business models and new industry structures to serve those opportunities

• Set the overall strategic direction, objectives and vision for Innovation at the Edge including key ecosystem and partnership priorities. Ensures continuous alignment with Old Mutual Group Strategy and Policies

• Oversees all funding decisions and supervises Innovation at the Edge investor relations

• Oversees resource requirements, risks and regulatory reporting, as well as issues and dependencies of Innovation at the Edge where relevant

• Attends relevant forums to review overall performance of Innovation at the Edge against success metrics. Responsible for chairing final investment case decisions for scaling MVPs

• Manage Innovation at the Edge, overseeing the roadmap for delivering new propositions

• Present outputs from Innovation at the Edge to Old Mutual ExCo including key lessons learned, success stories and failures to drive organisational buy-in

• Review the overall budget and investment decisions

Key Outputs:

• Defined Innovation at the Edge strategy, aligned to Old Mutual group strategy

• Delivery against performance measures defined and agreed with the Group CEO

• Successful roadmap delivery and oversight

• Key outputs, successes and failures shared with Old Mutual ExCo

• Ensures budget approval

MINIMUM QUALIFICATIONS/EXPERIENCE (REQUIRED FOR THE JOB)

• An MBA or Masters degree in strategy, leadership, business, or management.

• 8-12 years' experience in IT, technology, business, marketing, or finance-related fields.

• 8-10 years' experience in a senior leadership role.

• Adaptive thinking and a strong, critical mindset.

• Strong business acumen and presentation skills.

• Highly proficient at project planning, budgeting, and oversight.

• Forward-thinking and adaptable to dynamic situations.

• A solid understanding of innovation and how it should be applied in business.

• Excellent interpersonal, leadership, and communication skills.

COMPETENCIES REQUIRED

Strategic

Identifies, understands and acts on broader opportunities in order to drive longer-term value-adding change. Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive out value adding change. Is able to understand, identify and act on broader opportunities in order to drive longer-term, value-adding change. Applies judgement effectively. Identifies and acts on market and/or competitor trends/opportunities to set, develop and drive out strategic value adding change.

Leading with Influence

Influences and rallies people behind common goals and inspires others to exceed expectations. Actively supports the growth and performance of people around them. Communicates clear strategies and objectives for own function.

Collaboration (Relating)

Proactively establishes and maintains relationships. Values driven in relating to others. Engenders trust, respect and the building of meaningful relationships across a variety of contexts. Able to handle a wide range of relational challenges including conflict and confrontation to collaborate across boundaries.

Customer First

Puts the customer at the heart of business decisions and drives to improve value for customers. Builds inspiring customer relationships. Being a customer champion and being responsive to customer needs so as to improve our speed to market.

Execution

Displays consistent energy, drive and perseverance in order to deliver results. Demonstrates a willingness to take calculated risks to achieve stretch performance goals.

Innovation (Perspective)

Demonstrates ability to relate to challenges from a range of diverse but relevant perspectives. Generates creative/out-of-the-box solutions. Challenges the status quo and/or demonstrates ability to relate to challenges from a range of diverse but relevant perspectives. Generates new perspectives that allow a more creative approach to be followed. Willing to take calculated risks when introducing novel ideas.

Personal Mastery (Learning)

Learns and actively works to build self-awareness; develop through experience and feedback from others. Copes effectively with stress and has the resilience to take on stretching and challenging assignments which carry a risk of failure. Adjusts effectively to work within new work structures; processes; requirements, or cultures.

• Entrepreneurial mindset, ability to identify, discover and launch new customer propositions, products or services

• Well connected in the ventures industry, and/or the geographic reach

• Experience in capital rounds, and legal constructs

• Experience succeeding and failing to scale startups / ideas

• Experience brokering partnerships within the ecosystem

• Experience in building / running similar capabilities within a corporate

• Depth and breadth of network relationships in the startup ecosystems and industries alike

Skills

Education

MBA (Required)

Closing Date

9 September 2021