Senior Risk Manager at Nedbank

Job Purpose

• To manage integrated and Enterprise-Wide risk across the business by ensuring that the Group Risk Frameworks, Policies and processes are embedded; operationalised and implemented within the business and provide advice and guidance to mitigate business risks, providing risk-based reporting and ensure that regulatory requirements are met.

Job Responsibilities

Risk Management – Advisory:

• Lead and enhance the BCB Cluster Fraud Landscape analysis, including end‑to‑end fraud process review and mapping, and fraud hotspot identification.
• Oversee the implementation of the Nedbank’s fraud risk management and compliance and applicable policies and frameworks within the BCB Cluster, including scenario reviews.
• Ensure compliance with regulations and prevent losses by facilitating risk management in the business and by engaging with relevant stakeholders regarding risk related issues.
• Contributes and consolidates the cluster Integrated Financial Crime Risk Assessment, and tax evasion risk assessments.
• Contributes to the development of new products and services, through identification and assessment of risk, in the form of fraud risk assessments.
• Contribute to key risk appetite decisions as the Cluster Fraud Risk representative.
• Provides risk oversight and input into product, process, and system reviews, ensuring risk alignment across BCB. Ensure business processes and systems are functioning by identifying and documenting risks.
• Develop risk plans that enable the implementation of the business strategy by breaking it down into targets and obtaining approval of plan from relevant strategic committees such as EXCO; ERCO; BUCC; OPCOM etc.
• Mitigate risks by providing the business with relevant information; guidance and advice based on regulatory standards; compliance and audit findings.
• Evaluate and analyse area audit findings and management improvement comments; by assessing whether actions will result in improvement and by making recommendations.
• Ensure improvements on identified risks by engaging with business; understanding risks and by creating action plans.

Risk Management – Assurance: 

• Keep business updated on a regular basis and analyse information generated from the risk exercises by ensuring that risk monitoring exercises across the business take place and are in line with all known risks.
• Facilitate and manage the cluster’s Fraud Risk profile through risk-based control adequacy reviews.

Stakeholder Management:

• Develops roles & responsibilities frameworks across 1LOD, 2LOD, and GFCFS for fraud‑related processes. Works with GFCFS to define service‑level expectations, escalation principles, and communication rhythms for fraud cases.
• Build relationships; by reporting risk issues and by providing risk related information and risk profile reports to strategic committees; as per the Group Risk Framework.
• Share information and knowledge with stakeholders; peers and team to by driving awareness campaigns.
• Build and maintain relationships with clients and service providers through attending meetings and utilising networking opportunities.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.

Job Responsibilities Continue

Innovation and Automation

• Improve work processes; productivity and reduce costs by offering innovative ideas and input to Group Risk and/or stakeholders and through soliciting input from managers and colleagues.
• Deliver innovative solutions and continuous improvements through thought leadership and leveraging global cutting-edge techniques to ensure competitive advantage in fraud risk management.

Governance and Oversight

• Ensure alignment of area business processes to the Group Risk Framework by participating and providing information to Nedbank Risk Committees.
• Operationalise the Nedbank Group Risk Framework; ensuring adequate risk reports generated; risk meetings held and risk processes aligned with group.
• Ensure the business fully complies with risk standards by revising cluster risk process guidelines.
• Report on the overall effectiveness of the governance, risk and internal control framework of the Group.

General:

• Meet financial objectives by containing costs.
• Support the achievement of the business strategy; objectives and values by understanding Nedbank risk strategy and Cluster Plan.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Contribute to a culture conducive to the achievement of transformation goals (targets) and support business strategies that improve corporate image by participating in Nedbank Culture building initiatives (e.g. Surveys etc.).
• Achieve business strategy by participating and encouraging others to participate in and support corporate social responsibility initiatives.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees
• Professional Qualifications/Honour’s Degree

Preferred Qualification

• Bachelor of Commerce, B. Comm Forensic Accounting, CA (SA)

Preferred Certifications

• Certified Fraud Examiner (ACFE) / Member of Institute of Risk Management of South Africa and/or similar preferred certifications,

Minimum Experience Level

• 3+ years’ experience specifically in financial crime or fraud risk management, including identifying fraud‑related risks in business processes, assessing control weaknesses, reviewing financial information for anomalies, and contributing to fraud‑focused risk assessments.
• Banking experience that includes working with regulatory requirements and understanding governance expectations.
• Ability to execute independently, manage deliverables, handle competing priorities, and convert analysis into actionable outcomes.
• Experience engaging with multiple business areas and supporting risk‑related decision‑making.
• Exposure to fraud or financial crime risk indicators, including reviewing financial information for irregularities.

Technical / Professional Knowledge

• Banking knowledge
• Business Acumen
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Principles of project management
• Relevant regulatory knowledge
• Business writing skills

Closing date: 11 February 2026