Head: Governance at Nedbank

Job Purpose

To manage the Governance Function in Nedbank Insurance by delivering an effective risk and compliance management capability, ensuring appropriate assurance, providing sound legal services, resulting in adherence to legislative and regulatory requirements to prevent exposure to regulatory or reputational risk; in line with Nedbank business strategy. 

Job Responsibilities

• Ensure work outputs are timely delivered and in conformance to standard project management deliverables in line with best practices. Propose enhancements which will result in improved performance. 
• Build and maintain effective stakeholder and regulator relationships.  Ensure business, stakeholder and regulator needs are met and understood through regular meetings and engagements. 
• Assist in knowledge transfer, to business and colleagues. 
• Establishing credibility; through interface in a professional manner with business, stakeholders and regulators. 
• Ensure work is completed according to plan by continually report progress and participate as an active member of the team.  Ensure delivery of team tasks by assuming additional responsibilities as required. 
• Conduct activities under management direction where appropriate.
• Prioritise and/or integrate multiple project/tasks concurrently. Provide input to highlight inter-dependencies between projects. Demonstrate competence through leading the execution of assigned project tasks. 
• Ensure all audit findings are implemented effective and timeously. 
• Manage, collaborate and contribute to the production of the annual Own Risk Solvency Assessments (ORSA) for Nedbank Insurance. Also, provide input and assurance for the Group ICAAP submission. 
• Oversee the Risk Self Control Assessments (RSCA) methodology for the Nedbank Insurance business. 
• Responsible for the effective functioning for the Enterprise Risk Committee (ERCO).
• Oversee the effective implementation of all Group, Cluster and business frameworks (risk management, compliance, integrated assurance). 
• Provide assurance, adequate reporting and insights to the Nedbank Insurance Risk Audit Compliance Committee addressing all governance related topics. 
• Demonstrate Leadership capabilities that support the Nedbank Insurance strategy, vision and purpose. 
• Adequately review all compliance requirements including control activities, to provide assurance to business, ERCO, Cluster ERCO and RAC.
• Maintain an effective and relevant compliance plan taking into account the compliance strategic approach. 
• Oversee an effective contract management function that also provides legal services (e.g., legal opinions, litigations, etc.,) where required. 
• Manage the production of a combined assurance plan by considering all assurance providers. Responsible for the Combined Assurance Forum. Responsible for the Actuarial Control Committee (ACC) functioning effectively and appropriately managing insurance Risk. 
• Building and overseeing the recoveries function for Nedbank Insurance. 
• Keep abreast of legislation and other industry changes that impact on role by reading relevant newsletters, websites and attending sessions to remain relevant. 
• Identify training courses and career progression opportunities for self with input from management; to improve personal capability and to stay abreast of developments in field of expertise. 
• Ensure all learning activities are completed; experience gained, and certification obtained within specified time frames to support personal growth and enable effectiveness in performance of roles and responsibilities.
• Coach and mentor staff as necessary or opportune increase contribution through personal effectiveness and enhancing skills. 
• Participate in Nedbank Insurance culture building initiatives, thereby contribution to a culture conducive to the achievement of the vision and purpose of the organisation.  

People Specification

Essential Qualification - NQF Level

• Matric / National Senior Certificate / Grade 12
• Honour's Degree: Commerce, Actuarial, Business Management, Risk Management or Legal

Preferred Qualification

Masters or Doctorate degree; Qualified Actuary (FASSA) or Chartered Accountant - CA(SA)

Essential Certifications

• Relevant professional bodies (SAICA, CISA, IRMSA, EISA, SAIFM)

Preferred Certifications

Minimum Experience Level

8 to 10 years job related experience in Financial Services with Insurance experience will be an advantage, at least 3 years Senior Management experience.

Technical / Professional Knowledge

• Compliance reporting
• Relevant regulatory knowledge
• Industry specific knowledge
• Governance and Compliance in Banking
• Risk Management in Banking

Behavioural Competencies

• Strategic Influence
• Sharing Responsibility
• Establishing Strategic Direction
• Cultivating Networks and Partnerships
• Driving Execution
• Inspiring Excellence