Senior Risk Manager

Nedbank; Johannesburg; On-site; ZAR 1,100,000 - 1,600,000; Full time

Job summary

Nedbank Ltd in Johannesburg seeks a Senior Risk Manager: Subsidiary Governance and Strategic Initiatives to provide independent risk oversight across subsidiaries, partnerships and strategic investments. You will embed risk governance into group policy adoption, lead risk assessments and due diligence, and report to governance forums on material risks and remediation plans.

The role requires 5+ years in risk/compliance in banking, strong data analysis, governance and communication skills, and a

Qualifications

• Matric / Grade 12 / National Senior Certificate.
• Advanced Diplomas/National 1st Degrees.
• Minimum 5 years in a Risk and/or Compliance Management role within Banking and/or Financial Services.

Responsibilities

• Serve as the primary risk partner to assigned subsidiaries and strategic investments.
• Assess and monitor subsidiary compliance with Group governance frameworks, policies, standards and risk appetite requirements.
• Support Boards, Risk Committees, Exco and management forums through risk reporting, challenge and advisory services.
• Help maintain effective governance arrangements for subsidiaries, including clear committee responsibilities, reporting lines and processes for escalation protocols.
• Work with subsidiaries to align their governance practices with Group requirements, aligned with size, complexity and level of maturity.
• Maintain and execute subsidiary policy adoption and roadmaps.
• Assess applicability of Group policies, frameworks and standards to subsidiaries.
• Facilitate gap assessments and remediation planning where policy requirements are not fully implemented.
• Monitor policy exceptions, dispensations and action plans.
• Report policy maturity and conformance status to subsidiary and Group governance structures.
• Develop, maintain and periodically refresh subsidiary risk profiles.
• Facilitate risk identification, assessment and prioritisation exercises.
• Evaluate inherent and residual risks across strategic, operational, financial, regulatory, technology, conduct, sustainability and financial crime risk categories.
• Identify emerging risks, concentration risks and control weaknesses.
• Ensure risk profiles inform business planning, prioritisation and management decision-making.
• Conduct risk reviews relating to new products, strategic initiatives, material process changes and operating model changes.
• Support risk assessments associated with technology change, outsourcing arrangements, partnerships and service providers.
• Review effectiveness of governance, risk and control environments and recommend enhancements.

Skills

Banking knowledge

Data analysis

Governance, Risk and Controls

Regulatory knowledge

Communication

Project management basics

Strategic thinking

Education

Matric / Grade 12 / National Senior Certificate

Advanced Diplomas/National 1st Degrees

Job description

Job Title: Senior Risk Manager: Subsidiary Governance and Strategic Initiatives

Reports To: Head of ERM: Product Design and Innovation Banking

Location: Johannesburg, Gauteng

Closing Date: 04 November 2026

Job Family

Business and Commercial Banking

Risk, Audit and Compliance

Manage Self: Professional

Job Purpose

To provide independent risk oversight, governance and strategic risk advisory services across business subsidiaries, joint ventures, associates and strategic investments by ensuring the Group Risk Framework, policies, standards and minimum control requirements are appropriately adopted and embedded; maintaining risk profiles and risk plans; enabling policy roadmap execution; conducting risk assessments and due diligence for acquisitions, partnerships and strategic transactions; and providing assurance to management and governance forums that material risks are identified, assessed, monitored and effectively managed.

Job Responsibilities

Subsidiary Risk Governance

• Serve as the primary risk partner to assigned subsidiaries and strategic investments,
• Assess and monitor subsidiary compliance with Group governance frameworks, policies, standards and risk appetite requirements,
• Support Boards, Risk Committees, Exco and management forums through risk reporting, challenge and advisory services,
• Help maintain effective governance arrangements for subsidiaries, including clear committee responsibilities, reporting lines and processes for escalation protocols.
• Work with subsidiaries to align their governance practices with Group requirements, aligned with size, complexity and level of maturity.
• Maintain and execute subsidiary policy adoption and roadmaps.
• Assess applicability of Group policies, frameworks and standards to subsidiaries.
• Facilitate gap assessments and remediation planning where policy requirements are not fully implemented.
• Monitor policy exceptions, dispensations and action plans.
• Report policy maturity and conformance status to subsidiary and Group governance structures.
• Develop, maintain and periodically refresh subsidiary risk profiles.
• Facilitate risk identification, assessment and prioritisation exercises.
• Evaluate inherent and residual risks across strategic, operational, financial, regulatory, technology, conduct, sustainability and financial crime risk categories.
• Identify emerging risks, concentration risks and control weaknesses.
• Ensure risk profiles inform business planning, prioritisation and management decision-making.
• Conduct risk reviews relating to new products, strategic initiatives, material process changes and operating model changes.
• Support risk assessments associated with technology change, outsourcing arrangements, partnerships and service providers.
• Review effectiveness of governance, risk and control environments and recommend enhancements.

Risk Planning and Execution:

• Develop annual and multi-year risk plans aligned to business strategy, risk profiles, audit outcomes, regulatory expectations and emerging risks.
• Monitor execution of risk plan activities and track remediation of material findings.
• Report progress, key themes and emerging concerns to governance forums.
• Ensure risk activities are coordinated across assurance providers to prevent duplication and maximise coverage.
• Lead or coordinate risk due diligence assessments for acquisitions, disposals, partnerships, investments and strategic transactions.
• Assess target entities across governance, risk management, regulatory compliance, financial crime, data privacy, cyber security, operational resilience, legal, sustainability, reputational, third-party and outsourcing risks.
• Prepare risk due diligence reports and provide challenge to transaction structures.
• Support transaction approval processes through preparation of risk opinions and recommendations.
• Identify integration risks and assist with post-acquisition risk integration planning.

Essential Qualifications - NQF Level

• Matric / Grade 12 / National Senior Certificate
• Advanced Diplomas/National 1st Degrees

Minimum Experience Level

• Minimum 5 years in a Risk and/or Compliance Management role within Banking and/or Financial Services.

Technical / Professional Knowledge

• Banking knowledge
• Business Acumen
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Principles of project management
• Relevant regulatory knowledge
• Business writing skills
• Communication
• Decision Making
• Facilitating Change
• Technical/Professional Knowledge and Skills

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