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Risk Manager

nedbank

Johannesburg

On-site

ZAR 600 000 - 800 000

Full time

Yesterday

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Job summary

A leading South African financial institution is seeking an experienced professional to develop and monitor the implementation of the Operational Risk Management Framework. Candidates should possess 5 to 10 years of experience in risk management and hold advanced diplomas or first degrees. The role includes responsibilities like enhancing the operational risk framework and engaging stakeholders. If you are looking to influence risk management practices within a dynamic institution, this opportunity may be for you.

Qualifications

5 - 8 years experience in Risk, Governance and Auditing and/or 8 - 10 years experience in banking and/or insurance.

Responsibilities

Develop and monitor the implementation of the Operational Risk Management Framework.
Deliver on the Group Operational Risk Management (GORM) strategies.
Provide input into the enhancement of the Operational Risk Management Framework.
Engage with stakeholders to obtain an understanding of their operational risk practices.

Skills

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

Building Partnerships

Communication

Decision Making

Stress Tolerance

Technical/Professional Knowledge and Skills

Education

Advanced Diplomas/National 1st Degrees

Chartered Accountant

MBA

Requisition Details and Talent Acquisition Details

Cluster: Group Finance - Risk Management

Closing date: 15 January 2026

Job Family

Risk, Audit and Compliance

Operational Risk

Manage Self: Professional

Job Purpose

To develop and monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to comply to regulatory requirements and ensure alignment to international best practice.

Job Responsibilities

Deliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory requirements (BASEL, Banks Act) and take corrective action, where necessary.
Provide input into the enhancement of the Operational Risk Management Framework (ORMF), methodologies, policies, processes.
Improve the effectiveness and relevance of internal and external loss operational risk data.
Review outcome of operational risk practices of stakeholders.
Monitor and analyse major operational risk losses and control breakdowns.
Identify regulatory changes and potential future operational risk impacts.
Compile and/or provide input into internal operational risk reports and external disclosures.
Engage with stakeholders to obtain an understanding of their operational risk practices to contract, manage and meet expectations.
Develop and maintain partnerships with stakeholders to facilitate accomplishments of operational risk objectives.
Become a trusted advisor to, and influence decision making of stakeholders by providing an advisory service, guidance and support on operational risk management practices.
Facilitate collaboration between stakeholders.
Collaborate and maintain relationships internally.
Build and maintain relationships with relevant regulators and 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.
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.
Provide input into, and advice on the alignment between regulatory capital and Nedbank Clusters' risk profile and risk appetite by recommending corrective action or mitigating strategies to enable Clusters to reduce regulatory capital.
Provide input, related to Operational Risk deliverables, into the GORM budget in line with finance requirements and business plans.
Contract deliverables, services and pricing with Nedbank Clusters and agree transfer pricing allocation to Clusters.
Use budget allocation effectively. Review Nedbank and Business Unit Plan and ensure delivered systems, process, services and solutions are aligned to support the achievement of the business strategy, objectives and values.
Share operational risk related knowledge, resources and practices with team to enable upskilling.
Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.