Senior Risk Manager

Requisition Details & Talent Acquisition Contact

Requisition nr: 139716
Talent Acquisition Specialist: Tshego Semenya
Location: 135 Rivonia Road, Sandown
Closing date: 11 June 2025

Cluster

Nedbank Retail Business Banking

Career Stream

Leadership Pipeline

Position

Senior Risk Manager

Why join our team!

This Senior Risk Manager role offers a unique opportunity to work at the heart of enterprise-wide risk management, with direct involvement in reporting to board, group, and cluster-level committees. The position is embedded in a team that values collaboration, adaptability, and continuous learning, especially in a time of organizational transformation. The role provides exposure to high-level strategic discussions and the chance to engage with executive leadership, making it ideal for someone interested in broadening their understanding of risk across the business. With a focus on enterprise risk, policy frameworks, and governance, this role is positioned to offer meaningful professional development and visibility within the organization. It’s a space where curiosity, initiative, and a strong grasp of risk fundamentals are welcomed and supported.

Job Purpose

To manage integrated and enterprise-wide risk across the business by ensuring ensure that the Group Risk Frameworks, Policies and processes are embedded; operationalised and implemented within the business and provide advice and guidance to mitigate business risks, providing risk-based reporting and ensure that regulatory requirements are met.

Job Responsibilities

• Contribute to a culture conducive to the achievement of transformation goals (targets) and support business strategies that improve corporate image by participating in Nedbank Culture building initiatives (e.g. Surveys etc.).
• Achieve business strategy by participating and encouraging others to participate in and support corporate social responsibility initiatives.
• Foster transformation of the workplace and support Nedbank achievement of the BEE initiatives and transformation targets; by contributing to an environment where diversity is valued.
• Improve work processes; productivity and reduce costs by offering innovative ideas and input to Group Risk and/or stakeholders and through soliciting input from managers and colleagues.
• 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.
• Ensure alignment of area business processes to the Group Risk Framework by participating and providing information to Nedbank Risk Committees.
• Keep business updated on a regular basis and analyse information generated from the risk exercises by ensuring that risk monitoring exercises across the business take place and are in line with all known risks.
• Ensure business processes and systems are functioning by identifying and documenting risks.
• Track the performance and compliance of the team by allocating tasks to the team according to different risk areas.
• 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.
• Meet financial objectives by containing costs.
• Ensure improvements on identified risks by engaging with business; understanding risks and by creating action plans.
• Operationalise the Nedbank Group Risk Framework by ensuring that business unit level ERCO governance structure and charters are implemented; ensuring adequate risk reports generated; risk meetings held and risk processes aligned with group.
• Build and maintain relationships with clients and service providers through attending meetings and utilising networking opportunities.

Job Responsibilities continued

• Share information and knowledge with stakeholders; peers and team to by driving awareness campaigns.
• Build relationships; by reporting risk issues and by providing risk related information and risk profile reports to strategic committees; as per the Group Risk Framework.
• Report on the overall effectiveness of the governance, risk and internal control framework of the Group.
• Build long-term relationships and support stakeholders in reaching business objectives by keeping abreast of and sharing industry information with stakeholders.
• Support the achievement of the business strategy; objectives and values by understanding Nedbank risk strategy and Business Unit Plan.
• Identify training courses and career progression for self through input and feedback from management.
• Ensure all personal development plan activities are completed within specified timeframe.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders' businesses by highlighting benefits in support of the implementation of recommendations.

Minimum Experience Level

• 3- 5 years experience in Risk Management
• Banking experience, inclusive of Regulatory experience
• Execution abilities and capabilities

Essential Qualifications - NQF Level

Preferred Qualification

• Bachelor of Commerce 

Preferred Certifications

• Member of Institute of Risk Management of South Africa and/or similar preferred certifications

Technical / Professional Knowledge

Disclaimer

Preference will be given to candidates from the underrepresented groups

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