Risk Manager (139042)

Nedbank Private Wealth; Johannesburg; On-site; ZAR 800,000 - 1,200,000; Full time

Job summary

A leading financial institution is seeking an Operational Risk Manager to develop and implement risk management frameworks. The role involves strategic oversight to ensure compliance with regulatory requirements while fostering strong partnerships with stakeholders. Ideal candidates should possess an advanced diploma and significant experience in risk governance, banking, or insurance.

Qualifications

• 5-8 years experience in Risk Governance and Auditing.
• 8-10 years experience in banking and/or insurance.
• Advanced diplomas or Chartered Accountant preferred.

Responsibilities

• Deliver on the Group Operational Risk Management (GORM) strategies.
• Monitor and analyze major operational risk losses.
• Develop and maintain partnerships with stakeholders.

Skills

Data analysis

Risk Management

Communication

Cybersecurity

Adaptability

Education

Advanced Diplomas

Chartered Accountant

Tools

Relevant software and systems knowledge

Job description

Requisition Details & Talent Acquisition Contact

REQ ID : 139042 Michelle Thabethe

Cluster : Group Finance Risk

Location : Sandton

Closing date : 11 May 2025

Job Family

Risk Audit and Compliance

Career Stream

Operational Risk

Leadership Pipeline

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 buyin for developing new and / or enhanced processes that will improve the functioning of stakeholders businesses.

Essential Qualifications NQF Level

Advanced Diplomas / National 1st Degrees

Preferred Qualification

Chartered Accountant Advanced Diplomas / National 1st Degrees

Minimum Experience Level

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

Technical / Professional Knowledge

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

Behavioural Competencies

Building Partnerships

Communication

Decision Making

Stress Tolerance

Technical / Professional Knowledge and Skills

Adaptability

Please contact the Nedbank Recruiting Team at

Required Experience :

Manager

Key Skills

Arm,Risk Management,Financial Services,Cybersecurity,COSO,PCI,Root cause Analysis,COBIT,NIST Standards,SOX,Information Security,RMF

Employment Type : Full Time

Experience : years

Vacancy : 1