Head: Enterprise Wide & Operational Risk

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

• Risk Strategy 
• 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 the sub-functions are compliant with regulations.
• Oversee the GORM strategy and business planning process in consultation with all relevant stakeholders and align to the Group's strategic planning cycles. 
• Ensure the business plan is within the context of the bank's strategic framework.
• 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.
• Enable competitive advantage for the Group by implementing innovative GORM solutions and continuous improvements. 
• Operational Risk Management 
• 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 as posed by the legislative, regulatory, and business environment.
• Deliver improved business results by providing strategic advice to the Group on the Advanced Measurement Approach (AMA), the New Standardised Approach (NSA), modelling, operational risk systems and operational risk management.
• Assess the relevance of the top international risks/emerging risks to the enterprise. 

Job Responsibilities Continue

• 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 consistent and 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

Preferred Certifications

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

Technical / Professional Knowledge

Behavioural Competencies