Chief Risk Officer – Actuarial, Risk & Compliance

Johannesburg, South AfricaFull-timeExecutiveHybridPosted 26 Oct 2026

Job Overview

Rand Mutual Admin Services (RMA), the 130-plus-year-old administrator of occupational injury and disease claims under COIDA for the mining and metals industries, is appointing a Chief Risk Officer – formally the Chief: Actuarial, Risk & Compliance (CARC) – at its Johannesburg CBD head office (Careers24 2395284; reference RM-956; permanent; apply before 21 November 2026). The CARC is the Group’s principal executive responsible for protecting enterprise value through robust risk governance, statutory actuarial integrity, legal oversight and regulatory compliance across the organisation.

Reporting into the CEO and serving as a strategic advisor to the CEO, Exco and Board Risk Committee, the incumbent leads the integrated second line of defence – enterprise risk management, group compliance, legal governance and actuarial governance – during an accelerated phase of growth and transformation. The role also acts as Statutory Actuary, accountable for reserving integrity, solvency assessment and SAM/IFRS 17 actuarial requirements, and engages directly with the FSCA, Prudential Authority and other regulators. RMA offers flexible work arrangements combining remote and in-office work.

Key Responsibilities

Serve as strategic advisor to the CEO, Exco and Board Risk Committee on risk, actuarial, legal and compliance matters
Provide insight and challenge on strategic initiatives, new products, partnerships, acquisitions and market expansion
Lead the Group risk strategy and an enterprise-wide risk management framework aligned to SAM, Solvency II principles and Prudential Authority guidelines
Oversee strategic, financial, operational, conduct, technology and emerging risks against the Group’s risk appetite; lead stress testing, scenario planning and crisis management
Act as Statutory Actuary: reserving integrity, solvency assessment, product oversight, valuations and the actuarial control cycle
Provide independent actuarial assurance on pricing, product design, underwriting and claims experience
Lead the Group compliance strategy, monitoring programmes and regulatory engagement with the FSCA, PA, FAIS and POPIA authorities
Provide strategic leadership of Group Legal: contract frameworks, litigation oversight and regulatory interpretation
Build capability across actuarial, legal, compliance and risk teams and embed a strong, risk-aware culture

Required Qualifications

Postgraduate degree in Finance/Accounting, Business, Risk, Actuarial Science or equivalent
Professional designation such as Chartered Enterprise Risk Actuary (CERA) or CFA preferred
12–15 years’ experience in risk, actuarial, compliance or legal leadership roles in insurance or financial services
Demonstrated experience leading statutory actuarial functions and engaging with regulators
Proven experience in enterprise risk management, regulatory compliance, actuarial governance and legal oversight
Executive leadership track record in complex, multi-entity, highly regulated environments

Skills & Requirements

Enterprise Risk ManagementStatutory ActuarialSAMIFRS 17Solvency AssessmentRegulatory ComplianceLegal GovernanceRisk Appetite FrameworksStress TestingBoard ReportingPrudential AuthorityFSCAExecutive Leadership