Risk Manager at Nedbank

Job Purpose
To facilitate and support the effective management of the Enterprise Wide and Operational Risk Frameworks in order to manage current and emerging risks to assist Nedbank in achieving its objectives.

Job Responsibilities

• Strengthening the organisation’s risk culture and deliver on the broader cluster mandate as required
• Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc)
• Participate and support corporate social responsibility initiatives for the achievement of business strategies
• Facilitate effective risk identification, assessment, evaluation and reporting within Group Risk
• Plan, co-ordinate and execute cluster risk management plans, activities and projects (including IT risks) in line with targets and due dates
• Review and report on the effectiveness of internal risk management practices, processes and controls
• Identify risk management training requirements and facilitate fulfilment thereof
• 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
• Recommend corrective measures based on gap analysis, using root cause analysis techniques and effective feedback and coaching skills.
• Identify and recommend opportunities to enhance processes; systems and policies and support implementation of new processes; policies and systems.
• Identify and recommend opportunities to enhance processes; systems and policies to ensure effectiveness
• Attend and report to various management, project, risk, audit, IT forums and steering committees
• Build and maintain relationships with relevant auditors, regulators, other assurance providers across clusters
• Conduct all other activities related to the management of risk as required from time to time (including facilitation of scenario validation processes)
• Work collaboratively with other corporate oversight functions to identify and implement consistent and effective approaches to risk governance 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
• Improve personal capability and stay abreast of developments in field of expertise by identifying training courses and career progression for self through input and feedback from managers
• Train/coach/mentor relevant internal stakeholders as required
• Meet financial objectives as required (including containing costs)

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Accounting , Bachelor of Commerce: Internal Auditing

Essential Certifications

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

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
• Information Technology and digital ways of working (cluster operations, relevant software and systems)
• 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 in line with root cause analysis
• The design and implementation of enterprise wide frameworks, policies and methodologies
• Facilitation of risk assessments (e.g. business process, project risk, IT risk, Internal Financial Controls)
• Development and maintenance of risk registers
• Business continuity management (including disaster recovery)
• External and Internal audit management
• Research, critical connecting the dots analysis (data and information) and problem solving
• Project Management, research methodologies and decision-making processeIntermediateProficiencyLevel 3s

Minimum Experience Level

• Minimum 5 years’ risk management experience (preferably in a banking environment and including IT risk)

Technical / Professional Knowledge

• Cluster specific operations
• Communication Strategies
• Data analysis
• Governance, Risk and Controls
• Principles of financial management
• Principles of project management
• Relevant software and systems knowledge
• Research methodology
• Decision-making process

Behavioural Competencies

• Earning Trust
• Communication
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills