Risk Manager at Nedbank

Job Purpose
To facilitate the implementation of the Enterprise-Wide Risk Management Framework and Operational Risk Management Framework in Nedbank to comply to regulatory requirements and ensure alignment to international best practice

Job Responsibilities

• Ensure the operational risk management framework and enterprise-wide risk management framework, methodologies, policies and processes are effectively implemented across the business/cluster.
• Perform risk and control assessments with the business units/clusters to ensure risk, controls and KRI are identified and monitored. 
• Support business with the identification, monitoring and reporting of major operational risk losses and control breakdowns.
• Compile and/or provide input into internal risk reports to the various governance forums within the business.
• Identify emerging risks through evaluating internal and external risk environment on a continuous basis
• Monitoring and advising management on the effective management and mitigation of identified risks.
• Identify regulatory changes and potential future operational risk impacts.
• Assess and understand business systems, processes and controls 
• Perform assurance reviews to test control design adequacy and effectiveness) 
• Facilitate collaboration between stakeholders and build and maintain relationship with other assurance providers
• Contribute to a culture of transformation by participating in Nedbank culture building initiatives, business strategy, and CSI.
• Stay abreast of developments in field of expertise, ensuring personal and professional growth and deliver on stakeholder expectations.
• Understand and embrace the Nedbank vision and values, leading by example.
• Identify opportunities to influence the improvement or enhancement of business processes and methodologies adding value to Nedbank.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Relevant Bachelor of Commerce Degree
• Post Graduate risk related degree or equivalent

Type of Exposure

• Conducting root cause analysis
• Developing ways to manage risks
• Drafting reports
• Sharing information in different ways to increase internal stakeholders understanding
• Writing business proposals
• Communicating complex written information Interacting with regulatory and industry bodies
• Identifying trends
• Preparing and delivering presentation
• Analysing business operations
• Managing multiple projects

Minimum Experience Level

• 5 – 8 years’ experience in Risk, Governance and Auditing and/or 6 - 10 years’ experience in banking and/or insurance
• Technical / Professional Knowledge
• Banking procedures
• Business terms and definitions
• Communication Strategies
• Data analysis
• Principles of financial management
• Principles of project management
• Relevant software and systems knowledge
• Technologies
• Cluster Specific Operational Knowledge
• Operational risk

Behavioural Competencies

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

Closing Date- 13th, April 2022