Risk Manager at Nedbank

Job Purpose

• The Risk Manager supports London Chief Risk Officer (“London CRO”) in carrying out the SMF 4 prescribed responsibility for Nedbank Limited, London Branch’s risk management processes (second line of defence) in relation to the following:

Market (Trading Book) Risk;
Liquidity, Interest Rate and Funding (Banking Book) Risk;
Operational Risk;
Credit Administration.
The role resides within the Corporate & Investment Bank (CIB) cluster of Nedbank Limited and acts as a second line of defence for Risk.  There is a functional reporting channel into the CIB Risk function.

This role will also include risk management functions relating to a non-regulated Nedbank Group financing company, N.B.S.A. Limited (“NBSA”).

References to London Branch is intended to include NBSA activity for the purpose of this job description.

Job Responsibilities

• Identify and assess risks: To identify and assess risk actual and potential risks relevant to the London Branch
• Risk appetite: To assist with the setting of the Branch’s risk appetite
• Risk exposure: To measure and monitor London Branch’s exposure to risks within the approved risk appetite
• Control assessment: To assess the effectiveness of London Branch’s risk governance, oversight, mitigation and control arrangements; To challenge material risk decisions
• Risk management processes and policies: To assist with writing risk management policies, processes and other guidance or materials, and align with Group Policies where possible.
• Risk landscape: Monitor and evaluate the local UK risk landscape for the purpose of identifying trends, current market and any other relevant development which permits Nedbank to determine the impact and react in a timely fashion.
• Advisory: To advise on risk issues in strategic decision making.
• Outsourcing: Monitoring and oversight of any risk related services provided by Nedbank in South Africa to London Branch.
• Management information (“MI”): Develop, obtain and maintain risk MI for management.
• Reporting: Prepare and/or assist with reports and notifications relating to risk matters for the South African Head Office, the South African Banking Regulator (The South African Reserve Bank Prudential Authority), the UK’s PRA and/or the UK’s FCA.
• Operational: Manage the operational aspects of the following Committees - London ERCO, London ALCO and London Credit Committee.
• Training: Develop, maintain and deliver effective training program which is versatile and meaningful to the target audience in addition to the embedding of policies including monitoring of completion and effectiveness.

Qualification Level
Educated to degree level

Key Technical skills, qualifications

At least 5 years recent banking experience in a risk environment

• Ability to measure, interpret and recommend Liquidity Risk
• Ability to measure, interpret and recommend Interest Rate Risk
• Understanding of Operational Risk
• Understanding of Credit Risk
• Good general understanding of wholesale banking products and services (lending and markets) offered in the London/African market
• Strong knowledge of Microsoft products including Excel

Relevant degree level qualification

Key Behavioural skills and attributes
Integrity

• Strategic
• Pro-active approach
• Strong analytical skills
• Attention to detail
• Team player - fosters good relationships while maintaining high regulatory standards
• Solutions driven
• Adaptable
• Keen to continuously expand knowledge

Role Requirements

• The role requires the right to work and live in the UK.