Job Description

Job ID136606Closing Date: 31 October 2024Job FamilyRisk, Audit and ComplianceJob PurposeTo 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

• Ensure adherence to data policies, standards, and other relevant risk-related policies. Promote compliance with risk management guidelines and standards across the cluster infrastructure.
• Regularly interact with key stakeholders, including Group Risk functions, to ensure proper reporting to governance bodies such as EXCo, ERCO, Group Risk Committee, and OPCOM.
• Attend pertinent Manco meetings and Risk forums to actively engage with and guide stakeholders in risk management practices.
• Identify and propose improvements to business processes and systems, adding value to Nedbank by finding more efficient methods of operation.
• Support and facilitate risk management within strategic projects, ensuring alignment with Risk Management frameworks and guidelines.
• Ensure effective risk management by adhering to the specified guidelines for the cluster. Implement Risk Management methodologies and tools by assisting management in developing risk profiles at the strategic process level.
• Address identified risks, evaluate risk profiles for completeness and quality, and recommend adjustments for better alignment and effectiveness through consultation with the cluster on potential control measures and action plans.
• Assist with the implementation of all components of Risk Management, ensuring that all related operational risks in GT are properly identified and measured.
• Verify and measure the adequacy of internal Risk Management processes and procedures.
• Continuously review and improve workflows and process efficiency.
• Review, analyse, and follow up on risk reports as needed.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification & Certifications

• Data Risk or Data Analytics qualifications or certifications will be advantageous

Minimum Experience Level

• Five years' experience in an IT risk and or Data Risk Management role.

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

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Nedbank