Risk Manager at Nedbank

Embed local and international best practice requirements as they relate to corporate governance, strategic risk and enterprise wide risk management to assist Group Compliance Management to successfully discharge its mandate by providing the required assurance that significant risks affecting the cluster are adequately identified, assessed, evaluated and managed.

Job Responsibilities

• Contributing to the strengthening of the overall organisation's risk culture.
• Deliver on the broader Group Compliance cluster mandate as required.
• Enable Group Compliance to embed Enterprise Risk Management Framework (ERMF) requirements into business processes in line with the lines of defence model.
• Facilitate effective risk identification, assessment, evaluation and reporting within Group Risk.
• Plan, co-ordinate and execute Group Compliance cluster risk management plans, activities and projects.
• Review and assist improvement of internal risk management practices and processes to ensure effectiveness.
• Identify risk management training requirements and facilitate fulfilment thereof by leveraging input from cross-functional teams/functions.
• Assist, where required, with the management, investigation and analysis of risk incidents, audit findings or events (including root cause analysis and development of future risk management strategies).
• Provide guidance on and participate in various assurance and oversight activities as required by the organisation's co-ordinated assurance approach and governance structures.
• Identify and recommend opportunities to enhance processes; systems and policies to ensure effectiveness.
• Participate as required and report to various management, project, risk, audit and compliance forums and steering committee's (e.g. Group Operational Risk Committee, Shared Services ERCo)
• Build and maintain relationships with relevant auditors (internal and external), regulators and other assurance providers.
• Conduct all other activities related to the management of risk and compliance within the cluster as required from time to time.
• Work in collaboration with other corporate oversite functions to identify and implement consistent and effective approaches to risk governance, compliance and control-based activities.
• Contribute to a culture conducive to the achievement of transformation goals by participating in such initiatives as the staff surveys, BEE initiatives and transformation targets.
• Support corporate social responsibility initiatives, towards the achievement of key business strategies.
• Manage and track the team's performance and ensure timeous quality deliverables.
• Train/coach/mentor team members and relevant internal stakeholders as required.
• Meet financial objectives by containing costs.

Minimum Experience Level

• Minimum of 8 years' risk management experience (preferably in banking environment)

Essential Qualifications - NQF Level

• Bachelor's degree in Commerce/Business Legal
• Risk management qualification will be advantageous

Essential Certifications

• Relevant to Governance, Audit, Compliance and Risk Management

Type of Exposure

• Understanding characteristics of an effective risk culture and ensuring the measurement, improvement and reporting thereof.
• Multi-tasking, fast-paced, often deadline-oriented and dynamic environment.
• Sound practical working knowledge of local and international best practices (Business and IT) related to:
• Application of best practices and frameworks in a practical way.
• The design and implement of enterprise wide frameworks, policies and methodologies.
• Facilitation of risk assessments (e.g. business process, project risk and internal controls)
• Development and maintenance of risk registers.
• Business continuity management (including disaster recovery)
• Internal and external audit.
• Research, critical analysis (data and information) and problem solving.
• Project management.
• Business report writing, communication and presentations (articulate complex business issues).
• Ability to work effectively in multi-disciplinary teams, engaging and influencing across organisational boundaries.
• Talent management (recruitment, performance management, employment equity compliance, coaching and mentoring).

Technical / Professional Knowledge

• Business acumen
• Banking industry knowledge, including relevant legal and regulatory compliance requirements.
• Corporate governance principles (e.g. King IV, Risk Management maturity models and their application)
• Computer literacy (e.g. Microsoft 365, Workflow, Business Process and Reporting applications)

Behavioural Competencies

• Align to Nedbank Group Values and Group Risk key STRIVES framework focus areas, in addition to:
• Managing self and others
• Adapting and responding to change
• Customer focus and service delivery
• Stakeholder relationship management
• Continuous improvement
• Personal and professional development