Enterprise Wide Risk Manager - Nedbank Insurance

Job Classification

• Job Requisition: 143389
• TA Specialist: Refilwe Falatsi
• Closing Date: 16 January 2026
• Location: 135 Rivonia Campus, Sandton
• Cluster: Personal and Private Banking | Nedbank Insurance | Risk
• Please Note: Preference will be given to applicants from Underrepresented Groups

Job Family

Career Stream

Leadership Pipeline

FAIS Affected

Job Purpose

Nedbank Insurance is seeking a highly skilled and experienced Risk Manager to provide strategic and operational expertise, advice, assistance, consultancy services and general support for all risk-related matters to the Insurance Executive and Head of Governance. 

The successful candidate will play a critical role in advising the Executive on the effective management of non-financial risks across the insurance division (i.e. including, but not limited to Operational Risk, Strategic Risk, Reputational Risk, Compliance & Regulatory Risk, Conduct Risk, Technology and Digital Risk, Cyber Risk, Data Risk, Sustainability (ESG) Risk, and excluding Liquidity & Funding Risk, Insurance Risk, Capital Risk, Credit Risk, and Market Risk.

Job Responsibilities

•    Support the Insurance Executive and Head of Governance in embedding a robust risk management culture within the business.
•    Manage the implementation and influence improvement of risk frameworks, policies, and processes aligned with Nedbank’s risk frameworks and regulatory requirements, including insurance industry requirements.
•    Develop Risk Management Implementation Plans that encompass all risk deliverables, to support the business strategy.
•    Facilitate the development and annual review of risk appetite statements and metrics across the applicable risk universe.
•    Lead risk assessments and scenario analyses, and Key Risk Indicator (KRI) development to ensure proactive risk identification and mitigation of both threat risk and opportunity risk.
•    Conduct monitoring and control effectiveness reviews (assurance).
•    Prepare and present risk reports, dashboards, and analysis to executive management, risk committees, and relevant stakeholders.
•    Monitor regulatory changes and emerging risks and ensure timely communication and adaptation within the insurance business.
•    Develop and manage the Risk Change Management, Communication and Training Plan. 
•    Engage with internal and external auditors, regulators, cluster risk specialists and other assurance providers, as required.
•    People management: Manage team of Risk Officers responsible for the implementation of risk requirements in the business.
•    Contribute to a culture conducive to the achievement of transformation goals.

People Specification

Essential Qualifications - NQF Level

Preferred Qualification

Bachelor’s degree in Risk Management, Business Administration, Finance/ Commerce, or a related field. 
Postgraduate qualification in Risk Management or relevant professional certification preferred.

Essential Certifications

Minimum Experience Level

• Minimum of 7 years’ relevant experience in risk management within the financial services sector, including the insurance industry, with at least 3 years at a senior level.
• In-depth knowledge of non-financial risk types, risk frameworks, guidelines and standards (e.g., ISO 31000), and regulatory requirements applicable to insurance businesses.   
• Proven track record in leading risk management projects, influencing senior stakeholders, and driving risk culture initiatives.
• Experience with risk management systems and reporting tools.

Technical / Professional Knowledge

Behavioural Competencies