Head: ERM Soution Innovation at Nedbank

Job Purpose

• To ensure that the Group Risk Framework is embedded; operationalised and implemented. Advise business on strategic direction to meet business objectives; mitigate risks and meet regulatory requirements.

Job Responsibilities

• Establish and embed enterprise-wide and operational risk frameworks and policies.
• Collaborate with other risk functions across the Cluster and Group.
• Manage and assist with coordination of divisional and cluster enterprise risk committees.
• Manage risks associated with payments ecosystem.
• Collaborate with payments functions in Group Risk, Corporate and Investment Banking and Group Technology.
• Manage innovation and product development risk.
• Provide strategic risk advise to the Divisional Executives and Managing Executive of function.
• Report, present accurate and insightful operational risk information at various management and oversight committees.
• Develop risk plans that enable the implementation of the business strategy.
• Ensure compliance with policies and regulations.
• Ensure alignment of area business processes to the Group Risk Framework.
• Keep business updated on a regular basis and analyse information generated from the risk exercises.
• Ensure business processes and systems are functioning by identifying and documenting risks.
• Lead and create an environment of teamwork, encouraging staff to participate in decision-making processes.
• Mitigate risks by providing the business with relevant information, guidance, and advice.
• Actively assist the business to manage all risk types and participate in business and risk forums.
• Keep abreast of regulatory and banking trends including digitisation of banking services.

Minimum Experience Level

• At least 8 years’ experience in Banking/ Financial services.
• At least 3 years’ experience in operational risk/ enterprise risk management and/or credit risk management and/or external/internal audit at a senior manager level.
• Exposure to Nedbank Operational Risk Management Framework (ORMF) and Enterprise-wide Risk Management Framework (ERMF).
• Exposure to Nedbank Commercial Banking, Retail Relationship Banking and Consumer Banking products, processes, and systems.

Preferred Qualification

• Honours degree in finance/commerce/risk management/ Equivalent.
• Master’s degree in finance/commerce/risk management/ Equivalent will be considered an added advantage.

Type of exposure

• Commercial Banking, Retail Relationship Banking and Consumer Banking products, processes, and systems.
• Managing a team of managers
• Coaching and mentoring others
• Identifying/select talent
• Developing a divisional strategy plan
• Developing a stakeholder management grid for the business
• Developing resource plans to execute functional strategies
• Developing a client service delivery plan
• Managing business risks

Technical / Professional Knowledge

• Ability to engage professionally and build relationships with stakeholders.
• Extensive knowledge of banking products, segments and sound understanding of how financial institutions operate and key risks in the environment.
• Presentation skills
• Business acumen.
• Data analysis.
• Business writing skills.
• Industry trends.
• Banking and Risk Management knowledge.