OML Group Regulatory Manager at Old Mutual

Reporting to the Head of Regulatory Reporting, the role will be primarily accountable for the delivery of Old Mutual Limited Regulatory reporting to the Regulator and for internal and external reporting purposes.

Reporting responsibilities:

To manage the Regulatory Reporting team, this includes:

• Owning the process of delivering the bi-annual OM Limited returns to the Prudential Authority;
• Owning and delivering the ad-hoc reporting requirements to the IAIS;
• Manage the delivery of the OM Limited actual, forecast and business plan capital metrics for internal and external reporting purposes to ensure these are produced with supporting analysis on a timely basis, including the production of relevant elements of the capital dashboard for BSM;
• Provide input as required into the ORSA process;
• Manage the future external audit process to ensure timely and effective delivery of the audit of the Group regulatory returns;
• Support the Head of Regulatory Reporting in the production of Regulatory reporting updates for the Group Audit Committee;

Other responsibilities:

• Completion of applications to be submitted to the PA relating to solvency issues;
• Review guidance issued by Regulators and provide feedback on these.
• Keep abreast of current regulatory developments and ensure the reporting processes comply with new requirements.

All areas:

• Assist with the interpretation and communication of complex issues and concepts to stakeholders;
• Continuously improve the efficiency and capabilities of the Group regulatory team and participate in the broader Finance initiatives and Ad hoc projects across the Group;
• Ensure that effective and efficient systems, processes and controls are maintained for Group regulatory reporting to appropriate materiality;
• Other ad hoc projects and activities as required.

Management effectiveness:

• Manage and develop a minimum of 1 direct report;
• Drives operational excellence through active process review and improvement, not afraid to challenge status quo;
• Manage interdependencies and relationships with key stakeholders across the Group Finance function, Group Treasury and Balance Sheet Management, Group Actuarial and Segment Finance teams.
• Provide guidance to the team and business units on the practical application of Group regulatory reporting to ensure complete and accurate reporting;

Qualifications, Skills And Experience

• Qualified CA (SA) with minimum 3 years post qualification experience
• A background in Regulatory Reporting within the Financial Services industry is required
• Thorough understanding of Insurance Act Requirements;
• Experience in reporting of a listed multi-national will be beneficial
• Understanding of legal and management consolidation structures with a strong appreciation of need for process disciplines and controls
• Flexibility and willingness to work outside strictly defined role and hours when required
• Ability to deal with complex issues
• Attention to detail and strong analytical skills
• Strong organizational and project management skills
• Ability to interact with senior management
• Willing and able to learn fast and assimilate a significant amount of information
• Able to work constructively under pressure and adapt to change
• People management
• Motivated self-starter with the ability to cut through complex issues, proactive approach to the resolution of problems and obstacles
• Clear credit & criminal records