Head: Data Risk at Nedbank

Job Purpose

• To actively manage the Data risks and opportunities across the bank and Group by providing sound leadership, effective effort, advice, support, monitoring and oversight within the risk governance framework and processes to embed appropriate alignment to global best practices including, inter alia, the Basel Committee on Banking Supervision Principles for effective Risk Data Aggregation and Risk Reporting (BCBC239 / RDARR) and DAMA [Data Management Body of Knowledge (DAMA-DMBOK2)].
• The Head must manage the integration of data risk into the risk types (i.e credit risk, operational risk, market risk, liquidity risk, funding risk, capital risk, cyber risk, privacy risk, conduct risk, climate risk, digital risk, strategic risk, AML risk etc.) and must lead Nedbank Data Risks and Data Governance with various individuals and clusters across Nedbank.
• Dedicated to advancing the concepts and practices of information and data management for the Nedbank group and across risk types.
• Promote the understanding, development and practice of managing data and information as key enterprise assets to support Nedbank.

Job Responsibilities

• Develop, integrate, monitor and report on the Data Risk Management Framework.
• Coordinating the revision of relevant Data Risk Management Framework, risk appetite statement, policies and processes etc.
• Develop, update and roll-out Group Policies and Guidelines aligned to the Group’s purpose-led strategy.
• Excellent research and analysis skills, and ability to integrate substantial quantities of complex and constantly evolving information of data risk on individual assets, portfolios, markets etc.
• Keep abreast of regulatory and industry trends to develop strategies to ensure Data risks are appropriately address these trends.
• Have detailed knowledge and application of, amongst other, the Basel Committee on Banking Supervision BCBS239/RDARR and DAMA.
• Identify data risks, opportunities and trends and advise the senior management on how to manage these proactively.
• Build and maintain strategic relationships and partnering with external providers, suppliers and regulators to ensure the seamless delivery of objectives.
• Understand the link between Data-related Risks and financial performance.
• Responsible for the coordination of the Data Management Organisation (DMO) team. Coordinate the DMO with representation across the enterprise various members from Business Clusters Support Clusters and Group Technology.
• Build and deliver Data Risks identification and management training and education programs to staff to promote data risk management knowledge. Manage all aspects of data risks awareness across the enterprise wide (including all subsidiaries) to ensure enhanced risk communication and collaboration.
• Ability to engage professionally and confidently with a wide variety of stakeholders in the private, public and non-profit sectors, and to build partnerships and manage collaborative initiatives.
• Form and lead a team responsible for providing risk advice in data risk.
• Play a lead role in engaging regulated entities manage data risks.
• Extensive experience in risk management practices, with a focus on data risk, along with a sound understanding of how financial institutions operate and the key risks they face.
• Developing a communication process to report to the various forums on data related risks.
• Establishing processes to monitor data risk management across the bank and group.
• Documenting and communicating governance associated with data risk management.

Stakeholders

Nedbank business and support clusters • Regulators (SARB PA, FSCA) •Data risk experts in the industry •Rating agencies (eg Moody's, Fitch, S&P) • Nedbank Board • Board Sub committees • Nedbank senior management and business unit managing executives • Various Risk Committees across Nedbank Group • Group Internal Audit • Group External Audit • Various individuals across Nedbank •Banking Association South Africa (BASA) and DAMA.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Hons in Business Commerce / Engineering / IT / Data Management
• Additional: Master’s degree in data management or CA(SA) or DAMA certified data management professional (CDMP) or ISACA certified in the governance of enterprise IT (CGEIT) or equivalent certification (e.g. Cobit)

Essential Certifications

• DAMA certified data management professional (CDMP) or ISACA certified in the governance of enterprise IT (CGEIT) or equivalent certification,Cobit

Preferred Certifications

Preferred: DAMA certified data management professional (CDMP) or ISACA certified in the governance of enterprise IT (CGEIT) or equivalent certification,Cobit

Type of Exposure

• Sharing information in different ways to increase internal stakeholders understanding
• Challenging the status quo with a view to improve people's understanding of issues
• Conducting needs analysis
• Comparing two or more sets of information Working with a group to identify alternative solutions to a problem
• Building and maintaining effectiv3e relationships with internal and external clients
• Identifying trends
• Conducting gap analysis
• Answering customer questions" "Communicating complex information orally
• Conducting root cause analysis
• Integrating different sources of information"

Minimum Experience Level

• 10 years financial services experience in a senior position
• Significant risk management experience in banking across the various Risk types and the ability to integrate the various risk types with specific reference to data-related risks
• 5 years experience in implementing / managing and monitoring the Basel Committee on Banking Supervision: Principles for effective risk data aggregation and risk reporting (BCBS239/ RDARR)
• Leadership, networking and influencing skills – with a track record of working internally across different business functions and with subject matter experts and subject matter leaders at a corporate and regional level
• Banking experience, inclusive of client facing experience across various functions
• Ability to operate at a Cluster Divisional Manco and Senior level
• Implementation of IT systems and Digitalization (eg process automation, use of analytics)
• Execution abilities and capabilities
• Agile methodology and experience

Technical / Professional Knowledge

• Customer/client awareness and maintaining service
• DAMA International's DMBoK (Data Management Book of Knowledge)
• Basel Committee on Banking Supervision: Principles for effective risk data aggregation and risk reporting (BCBS239/ RDARR)
• Providing value add reporting to drive business decisions
• Communication Strategies: Excellent communication, business writing and presentation skills. Informed about the latest acceptable trends in language use and report writing
• Dedicated to continual development and learning in order to develop self and others
• Align performance for success in an agile working environment
• Interpersonal awareness and relationship building (excellence orientation and high standards)
• Embrace and facilitate change across the enterprise
• Effective planning, organisational and time management skills to coordinate work and resources and manage processes
• People skills & managing staff, including large teams (across functions)
• Values-based (especially Integrity, Respect, Accountability, Client-driven, People-centred) and strong Ethics;
• Inspiring Excellence (Constant enhancement and improvement)
• Driving Execution
• Digital: Tech savvy
• Coaching and mentoring others
• Business administration and management
• Diversity management
• Governance, Risk and Controls
• Operations planning
• Principles of project management
• Management information and reporting principles, tools and mechanisms
• Aligning Performance for Success
• Earning Trust
• Guiding Team Success.

Behavioural Competencies

• Adaptability
• Building Partnerships
• Communication
• Decision Making
• Stress Tolerance
• Technical/Professional Knowledge and Skills