Divisional Risk Manager

Requisition Details and Talent Acquisition ContactREQ ID: 143030 - Michelle ThabetheCluster: Group Finance - Risk ManagementLocation: Nedbank Head Office - Sandton, JohannesburgClosing date: 26 November 2025Job FamilyRisk, Audit and ComplianceCareer StreamEnterprise-Wide Risk ManagementLeadership PipelineManage Self: ProfessionalJob PurposeTo facilitate and coordinate the implementation; ongoing execution and continued enhancement of effective and efficient risk management practices within Nedbank Balance Sheet Management Division (BSM) to make us world class at managing risk and so achieve our strategic objectives.Job ResponsibilitiesDevelop and drive Risk strategy, budget and deliverables, and reporting processes in line with the needs and standards of the business and its strategy.Develop risk plans that enable the implementation of the business strategy by breaking it down into targets and obtaining approval of plan from relevant strategic committees such as EXCO; ERCO; BUCC; OPCOM etc.Ensure compliance with regulations and prevent losses by facilitating risk management in the business and by engaging with relevant stakeholders regarding risk related issues.This includes identifying potential risks, guiding strategy formulation, and implementing the Operational Risk Management Framework (ORMF) and the Enterprise Risk Management Framework (ERMF) for efficiency, effectiveness and regulatory compliance.Any emerging problems should be addressed by formulating and implementing a problem recognition and solving process in accordance with OMRF and EMRF.Ensure establishment of effective enterprise risk management committees by implementing processes that comply with the ERMF requirements and the Enterprise Risk Committee (ERCO) charter.Ensure alignment of area business processes to the Group Risk Framework by participating and providing information to Nedbank Risk Committees.Build long-term relationships and support stakeholders in reaching business objectives by keeping abreast of and sharing industry information with stakeholders.Maximise profit by managing operational losses within thresholds.Ensure the business fully complies with risk standards by revising cluster risk process guidelines.Mitigate risks by providing the business with relevant information; guidance and advice based on regulatory standards; compliance and audit findings.Evaluate and analyse area audit findings and management improvement comments; by assessing whether actions will result in improvement and by making recommendations.Share information and knowledge with stakeholders; peers and team to by driving awareness campaigns.Ensure transformation targets are met through staff recruitment, retention and training, and supplier selection.This includes contributing towards a culture of transformation, and embedding Nedbank's vision, values and strategy in support of the business reputation.Participate in, and ensure managers encourage staff to, support CSI activities that support the business strategy, eg Green Strategy.Ensure that issues raised in culture surveys are addressed.Deliver worldclass service and a client-centric culture by making any necessary interventions.Identify and address any resource inefficiencies through multi-skilling and resource gap management.Essential Qualifications - NQF LevelBachelor of Commerce: Honours - Accounting , Bachelor of Commerce: Honours - Internal Auditing/ CA(SA)Preferred QualificationCA(SA)Minimum Experience Level8 to 10 years risk management experience and 5 years in a people management positionTechnical / Professional KnowledgeBudgetingBusiness terms and definitionsCapacity planningClient service managementCommunication StrategiesDiversity managementFinancial Accounting PrinciplesGovernance, Risk and ControlsOrganisational behaviour theoryPrinciples of project managementRelevant regulatory knowledgeStakeholder managementStrategic planningRisk Management Policies, Procedures and Best Practices (ERM and ORM Knowledge)Business Reporting SkillsBehavioral CompetenciesBuilding PartnershipsCoachingContinuous LearningCustomer FocusFacilitating ChangeInfluencing