Manager: Risk Strategy at Nedbank

Job Purpose

• To active participate in the management of risk strategy, risk appetite, strategic, business and new regulatory risks across the bank and Group by providing sound leadership, effective effort, advice, support, monitoring and oversight within the risk governance framework and processes to embed commercial driven risk management requirements into business processes and ensuring escalation of management information and risk-based reporting to facilitate the monitoring and management of such risk in order to achieve Nedbank’s strategic objectives.

Job Responsibilities

• Co-ordinate, enterprise wide, the Bank's risk strategy and the alignment between risk strategy, risk appetite and business plans/objectives (as submitted by different Clusters) to ensure effective risk management and regulatory considerations are embedded in the business strategy and planning process.
• Manage the Performance (Risk vs Return).
• Report on the overall status and effectiveness of the risk appetite of the group, risk and internal control framework of the Group.
• Report on the work performed and outcomes to governance structures and contribute to internal (ICAAP) and external (Pillar III and Integrated Report) reporting.
• Coordinate and drive a strong strategic approach to risk management.
• Independently inform strategy and business decisions (directly/indirectly) by managing the consideration, analysis, interpretation and making of recommendations based on findings from various projects and benchmarking.
• Provide insights regarding trends and the impact of the external environment (including regulation) with the objective of informing business strategy and policy.
• Consolidation and reporting on group's concentrations (i.e. 3rd party vendors and service provider), including trend analysis, current and emerging risk profiles, additional metrics as developed.
• provide leadership and co-ordination between the Group Risk functions and clusters through the effective integration into the Business Clusters.
• Build trusting relationships with all stakeholders (Board, Exco, Cluster Risk Officers, regulators, analysts, industry bodies,etc) by a value-driven leader and strategic business partner.
• Co-ordinate and drive a strong strategic approach to risk management by ensuring the alignment between the risk objectives and the business strategies of the Group.
• Review group wide cost of risk & compliance. Assess the cost of performing risk and compliance functions (people / staff and infrastructure cost) and report on the outcome including making specific recommendations for improvement (e.g. digitization opportunities).
• Liaise with the external and internal auditors and other assurance providers to minimise any duplication of effort and thereby optimise the cost of coverage to the Group.
• Maintain an open and constructive relationship as a Trusted Advisor with senior internal and external stakeholders including SARB, External Audit and Business Executives.
• Have in place a robust process to follow-up management's agreed actions to address issues raised by GSR.
• Provide insights from the outcomes of work performed to appropriate governing bodies, including the internal risk management committees and relevant board committees (e.g. Group Audit Committees, Group Credit Committee, Group IT Committee, Directors Affairs Committee and Group Risk and Capital Management Committee).
• Keep an updated relevant risk management policy, frameworks and drive the update / refresh and integration of these.

Minimum Experience Level

• 3 - 5 years in analytical and Strategic environment
• Risk Management experience
• Ability to collaborate effectively with
• Experience managing cross-functional, multi-stakeholder processes

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• CA/CFA/FRM

Type of Exposure

• Monitoring adherence and compliance
• Interacting with various levels of management
• Influencing stakeholders to obtain buy-in
• Presenting to senior leaders
• Interacting with diverse people
• Communicating complex information
• Checking performance data to measure employee performance
• Conducting performance appraisal interviews
• Coaching and Mentoring
• Managing a team of people
• Interacting with regulatory and industry bodies
• Identifying and interpreting regulatory risk and operational trends

Technical / Professional Knowledge

• Business Acumen
• Coaching principles
• Employee engagement methodologies
• Governance, Risk and Controls
• Industry trends
• Microsoft Office
• Nedbank policies and procedures
• Nedbank systems
• Nedbank vision and strategy
• Operational risk management
• Relevant regulatory knowledge
• Business writing skills
• Project Management

Behavioural Competencies

• Managing Work
• Building Partnerships
• Technical/Professional Knowledge and Skills
• Coaching
• Stress Tolerance
• Work Standards
• Continuous Learning