Head: Enterprise Wide & Operational Risk

Location: Nedbank, 135 Rivonia Road, Sandown, Sandton, Johannesburg.

Closing Date: 14 March 2025

Job Family: Risk, Audit and Compliance

Career Stream: Operational & Enterprisewide Risk

Leadership Pipeline: Manage Function (MF)

Job Purpose: To lead in developing and monitoring the implementation of the Operational Risk Management Framework as well as the Enterprisewide Risk Management Framework in the Nedbank Africa Regions and its subsidiaries, to comply with regulatory requirements and ensure alignment to international best practice. To facilitate the embedding of the ORMF and ERMF into business processes in the second line of defence.

Job Responsibilities:

• Provide strategic leadership, guidance, and direction in Group Operational Risk Management (GORM) and Enterprisewide Risk Management to the Group.
• Enable long-term competitiveness through the management, measurement, and mitigation of Enterprisewide and operational risks.
• Achieve Group Operational & Enterprisewide Risk strategy within budget and timelines.
• Make Operational Risk Management (ORM) & Enterprisewide Risk Management (ERM) decisions in the best interest of the enterprise and ensure compliance with regulations.
• Oversee the GORM strategy and business planning process in consultation with relevant stakeholders and align to the Group's strategic planning cycles.
• Create documentation to operationalise the GORM strategy.
• Translate the Group strategy into annual plans and set short-term ORM & ERM objectives.
• Lead the implementation of the ORM & ERM frameworks across all Clusters.
• Manage the development, maintenance, and delivery of the GORM framework across the Group.
• Implement innovative GORM solutions and continuous improvements.
• Ensure the Group implements sound ORM & ERM practices.
• Incorporate King III (and IV) principles in the ORM principles deployed.
• Champion innovation and best practice enhancements in ORM & ERM.
• Meet all risk management requirements posed by the legislative, regulatory, and business environment.
• Deliver improved business results by providing strategic advice on the Advanced Measurement Approach (AMA), the New Standardised Approach (NSA), modelling, operational risk systems, and operational risk management.
• Assess the relevance of top international risks/emerging risks to the enterprise.
• Maintain relationships with stakeholders in various Regions.
• Attend industry forums to build networks, share knowledge, keep abreast of trends, raise the profile of GORM practices, and obtain knowledge to achieve enterprise objectives.
• Encourage and support cross-functional cooperation to create a climate of teamwork and enable workforce upskilling.
• Provide continuous training and development on Operational Risk Management and Enterprisewide Risk management needs.

Minimum Experience Level: 10 years financial services experience in a senior position within Risk.

Preferred Qualification: BCom in Risk Management, Finance, Financial Management, Accounting, Auditing, or Information Systems

Essential Certifications:

• Professional Risk Manager (PRM), Financial Risk Manager (FRM), and/or Project Management Professional (PMP)

Preferred Certifications:

• CA(SA), CFA
• SMP or equivalent MBA or equivalent

Technical / Professional Knowledge:

• Operations planning
• Analysing and interpreting quantitative and qualitative data
• Data analysis
• Governance, Risk and Controls
• Basel 3 knowledge
• Financial services charter

Behavioural Competencies:

• Establishing Strategic Direction
• Building Organizational Talent
• Strategic Influence
• 360° Decision Making
• Bold Empowerment
• Leading Change

Please contact the Nedbank Recruiting Team at +27 860 555 566