Divisional Risk Manager

NedBank; Johannesburg; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading South African financial institution is seeking a Risk Manager to coordinate risk management practices and oversee the team's performance to achieve strategic objectives. The role requires 8 to 10 years of risk management experience and a bachelor's degree in commerce. Responsibilities include driving risk strategy and ensuring compliance with regulations. This position is based in Johannesburg and offers opportunities for professional development.

Qualifications

• 8 to 10 years risk management experience.
• 5 years in a people management position.
• Knowledge of risk management policies and procedures.

Responsibilities

• Develop and drive risk strategy and budget processes.
• Ensure compliance with regulations regarding risk management.
• Build long-term relationships with stakeholders.

Skills

Risk Management

Stakeholder Management

Communication Strategies

Budgeting

Client Service Management

Education

Bachelor of Commerce: Honours – Accounting

Bachelor of Commerce: Honours – Internal Auditing/ CA(SA)

Job description

Requisition Details and Talent Acquisition Contact

REQ ID: 143030 - Michelle Thabethe

Cluster: Group Finance - Risk Management

Location: Nedbank Head Office - Sandton, Johannesburg

Closing date: 26 November 2025

Job Purpose

To facilitate and coordinate the implementation; ongoing execution and continued enhancement of effective and efficient risk management practices within Nedbank Balance Sheet Management Division (BSM) to make us world class at managing risk and so achieve our strategic objectives.

Job Responsibilities

• Develop and drive Risk strategy, budget and deliverables, and reporting processes in line with the needs and standards of the business and its strategy.
• 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.
• Ensure compliance with regulations and prevent losses by facilitating risk management in the business and by engaging with relevant stakeholders regarding risk related issues.
• This includes identifying potential risks, guiding strategy formulation, and implementing the Operational Risk Management Framework (ORMF) and the Enterprise Risk Management Framework (ERMF) for efficiency, effectiveness and regulatory compliance.
• Any emerging problems should be addressed by formulating and implementing a problem recognition and solving process in accordance with OMRF and EMRF.
• Ensure establishment of effective enterprise risk management committees by implementing processes that comply with the ERMF requirements and the Enterprise Risk Committee (ERCO) charter.
• Ensure alignment of area business processes to the Group Risk Framework by participating and providing information to Nedbank Risk Committees.
• Build long‑term relationships and support stakeholders in reaching business objectives by keeping abreast of and sharing industry information with stakeholders.
• Maximise profit by managing operational losses within thresholds.
• Ensure the business fully complies with risk standards by revising cluster risk process guidelines.
• 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.
• Share information and knowledge with stakeholders; peers and team to by driving awareness campaigns.
• Ensure transformation targets are met through staff recruitment, retention and training, and supplier selection.
• This includes contributing towards a culture of transformation, and embedding Nedbank's vision, values and strategy in support of the business reputation.
• Participate in, and ensure managers encourage staff to, support CSI activities that support the business strategy, eg Green Strategy.
• Ensure that issues raised in culture surveys are addressed.
• Deliver world‑class service and a client‑centric culture by making any necessary interventions.
• Identify and address any resource inefficiencies through multi‑skilling and resource gap management.

Essential Qualifications - NQF Level

• Bachelor of Commerce: Honours – Accounting, Bachelor of Commerce: Honours – Internal Auditing/ CA(SA)

Preferred Qualification

• CA(SA)

Minimum Experience Level

• 8 to 10 years risk management experience and 5 years in a people management position

Technical / Professional Knowledge

• Budgeting
• Business terms and definitions
• Capacity planning
• Client service management
• Communication Strategies
• Diversity management
• Financial Accounting Principles
• Governance, Risk and Controls
• Organisational behaviour theory
• Principles of project management
• Relevant regulatory knowledge
• Stakeholder management
• Strategic planning
• Risk Management Policies, Procedures and Best Practices (ERM and ORM Knowledge)
• Business Reporting Skills

Behavioral Competencies

• Building Partnerships
• Coaching
• Continuous Learning
• Customer Focus
• Facilitating Change
• Influencing

Please contact the Nedbank Recruiting Team at [phone]