Enterprise Wide Risk Manager - Nedbank Insurance

nedbank; Johannesburg; On-site; ZAR 600 000 - 900 000; Full time

Job summary

A financial services provider in Johannesburg is looking for a skilled Risk Manager to lead the non-financial risk management initiatives. The role requires over 7 years of experience in risk management, particularly within the financial services and insurance sector, alongside a Bachelor's degree in Risk Management or a related field. The successful candidate will support the executive team in developing risk frameworks and influencing risk culture across the organization.

Qualifications

• Minimum of 7 years’ relevant experience in risk management within the financial services sector.
• Advanced qualification or certification in Risk Management preferred.

Responsibilities

• Support the Insurance Executive in risk management culture.
• Develop risk management implementation plans.
• Lead risk assessments and develop Key Risk Indicators.

Skills

Risk management

Business writing skills

Customer Focus

Decision Making

Coaching

Education

Bachelor’s degree in Risk Management or related field

Advanced Diplomas/National 1st Degrees

Job description

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Details

Location: Johannesburg, ZA

Reference: 143389

Job Classification

• Job Requisition: 143389
• Closing Date: 16 January 2026
• Cluster: Personal and Private Banking | Nedbank Insurance | Risk
• Please Note: Preference will be given to applicants from Underrepresented Groups

Job Family

Risk, Audit and Compliance

Job Purpose

Nedbank Insurance is seeking a highly skilled and experienced Risk Manager to provide strategic and operational expertise, advice, assistance, consultancy services and general support for all risk-related matters to the Insurance Executive and Head of Governance.

The successful candidate will play a critical role in advising the Executive on the effective management of non-financial risks across the insurance division (i.e. including, but not limited to Operational Risk, Strategic Risk, Reputational Risk, Compliance & Regulatory Risk, Conduct Risk, Technology and Digital Risk, Cyber Risk, Data Risk, Sustainability (ESG) Risk, and excluding Liquidity & Funding Risk, Insurance Risk, Capital Risk, Credit Risk, and Market Risk).

Job Responsibilities

• Support the Insurance Executive and Head of Governance in embedding a robust risk management culture within the business.
• Manage the implementation and influence improvement of risk frameworks, policies, and processes aligned with Nedbank’s risk frameworks and regulatory requirements, including insurance industry requirements.
• Develop Risk Management Implementation Plans that encompass all risk deliverables, to support the business strategy.
• Facilitate the development and annual review of risk appetite statements and metrics across the applicable risk universe.
• Lead risk assessments and scenario analyses, and Key Risk Indicator (KRI) development to ensure proactive risk identification and mitigation of both threat risk and opportunity risk.
• Conduct monitoring and control effectiveness reviews (assurance).
• Prepare and present risk reports, dashboards, and analysis to executive management, risk committees, and relevant stakeholders.
• Monitor regulatory changes and emerging risks and ensure timely communication and adaptation within the insurance business.
• Develop and manage the Risk Change Management, Communication and Training Plan.
• Engage with internal and external auditors, regulators, cluster risk specialists and other assurance providers, as required.
• People management: Manage team of Risk Officers responsible for the implementation of risk requirements in the business.
• Contribute to a culture conducive to the achievement of transformation goals.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

Bachelor’s degree in Risk Management, Business Administration, Finance/ Commerce, or a related field. Postgraduate qualification in Risk Management or relevant professional certification preferred.

Essential Certifications

• Compliance Institute of South Africa (CISA) Institute of Risk Management of South Africa (IRMSA) and/or similar

Minimum Experience Level

• Minimum of 7 years’ relevant experience in risk management within the financial services sector, including the insurance industry, with at least 3 years at a senior level.
• In-depth knowledge of non-financial risk types, risk frameworks, guidelines and standards (e.g., ISO 31000), and regulatory requirements applicable to insurance businesses.
• Proven track record in leading risk management projects, influencing senior stakeholders, and driving risk culture initiatives.
• Experience with risk management systems and reporting tools.

Technical / Professional Knowledge

• Banking knowledge
• Industry trends
• Relevant regulatory knowledge
• Risk management process and frameworks
• Business writing skills
• Business Acumen
• Principles of Programme Management
• Coaching
• Communication
• Customer Focus
• Decision Making
• Quality Orientation
• Technical/Professional Knowledge and Skills

Nedbank Ltd Reg No 1951/000009/06. Authorised financial services and registered credit provider (NCRCP16).

For assistance please contact the Nedbank Recruiting Team at [phone]