Chief Risk Officer Job Vacancy in Windhoek, Namibia – Insurance | Old Mutual

Risk Officer
Windhoek
August 13, 2026
Full Time
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Job Description

Position: Chief Risk Officer

Company: Old Mutual

Location: Windhoek, Namibia

Experience: 10+ years

Education: Master’s Degree

Employment Type: Full-time

Industry: Insurance

Department: Risk Management

Salary: 850,000 SSP – 1,200,000 SSP

Vacancies: 1

Company Overview

Old Mutual is a leading financial services group with a profound history of providing stability and growth across the African continent. As a cornerstone of the financial sector, the company offers a wide array of services including life assurance, property, and investment solutions. We are committed to driving economic prosperity through sustainable financial practices and innovative risk management frameworks. Our presence in Namibia is significant, contributing to the local economy through massive investments and job creation. We pride ourselves on our integrity and our ability to navigate complex global markets while maintaining a local focus on client needs.

For those seeking career opportunities in Namibia, Old Mutual represents the pinnacle of professional excellence and stability. We foster a culture of continuous learning and high performance, ensuring that our employees are equipped to handle the complexities of the modern financial landscape. Visit our portal for more details.

Job Overview

The Chief Risk Officer (CRO) is a critical executive role responsible for overseeing the entire risk management framework of the organization. This position involves identifying, assessing, and mitigating various risks, including credit, market, operational, and liquidity risks. The successful candidate will work closely with the Board of Directors and the Executive Committee to ensure that the company’s risk appetite is aligned with its strategic objectives. This is a high-stakes role that requires a deep understanding of the insurance and financial services industry within the African context.

As we continue to expand our footprint, we are looking for a visionary leader who can anticipate emerging threats and turn risk management into a competitive advantage. This role is essential for maintaining the trust of our stakeholders and ensuring the long-term sustainability of our operations in the region.

Key Responsibilities

  • Develop and implement a comprehensive enterprise risk management (ERM) framework.
  • Provide strategic guidance to the Board on risk-related matters and emerging threats.
  • Monitor and report on key risk indicators (KRIs) to the Executive Committee.
  • Oversee the integration of risk management into all business units and decision-making processes.
  • Ensure compliance with all local and international regulatory requirements for the insurance sector.
  • Lead and mentor a high-performing team of risk professionals.
  • Collaborate with the audit and compliance departments to ensure a holistic view of organizational health.

Required Skills

  • Advanced strategic thinking and decision-making capabilities.
  • Deep expertise in financial modeling and quantitative risk assessment.
  • Exceptional leadership and stakeholder management skills.
  • In-depth knowledge of international insurance regulations and standards.
  • Strong communication skills for presenting complex data to non-technical executives.
  • Ability to navigate complex regulatory environments in Africa.

Education

A Master’s Degree in Finance, Risk Management, Economics, or a related field is mandatory. Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly preferred.

Experience

Candidates must possess a minimum of 10 years of experience in senior risk management roles within the financial services or insurance industry. Proven experience in an executive-level position is essential for this role.

Salary

The annual salary for this position is highly competitive, ranging from 850,000 SSP to 1,200,000 SSP, depending on the candidate’s expertise and track record.

Benefits

  • Comprehensive health and wellness insurance package.
  • Performance-based annual bonuses.
  • Retirement fund contributions.
  • Professional development and executive coaching.
  • Flexible working arrangements for senior executives.

Explore more global roles at this international link.

Training

  • Executive leadership development programs.
  • Advanced regulatory compliance workshops.
  • Specialized risk modeling software training.
  • Global financial summit attendance.

Working Environment

The working environment is professional, fast-paced, and highly collaborative. You will be working in a corporate office setting in the heart of Windhoek, interacting with high-level executives and international stakeholders. We promote a culture of excellence, accountability, and continuous improvement.

Application Process

Interested candidates should submit their CV and a cover letter detailing their relevant experience through our official recruitment portal. We are looking for candidates who demonstrate a passion for financial stability and excellence in risk management. Check out more vacancies here.

Equal Opportunity Statement

Old Mutual is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, or disability status.