Senior Risk Manager

Requisition Details & Talent Acquisition Contact

Requisition nr: 143792
Talent Acquisition Specialist: Tshego Semenya
Location: 135 Rivonia Road, Sandown
Closing date: 11 February 2026

Cluster

Business and Commercial Banking

Career Stream

Leadership Pipeline

Position

Senior Risk Manager – integrated Financial Crime

Why join the team!

Join a rapidly evolving environment where you’ll help shape a new business cluster from the ground up. You’ll be part of a future‑focused team exploring advanced tools, market research, and emerging technologies—including AI‑driven fraud detection—to build industry‑leading financial crime capability. This role offers the rare opportunity to influence strategic fraud‑risk direction, work closely with specialised teams, and contribute meaningfully to strengthening the bank’s defences. It’s a space where your expertise genuinely matters and where your insights will directly shape how the cluster safeguards its clients and operations.

You’ll thrive in a culture that values curiosity, collaboration, and professional growth. The team you’re joining is known for its supportive, healthy working environment, where knowledge‑sharing and partnership are embedded into the way people work. As the key fraud‑risk specialist for the cluster, you’ll be exposed to diverse business models, complex payment ecosystems, and high‑impact decision‑making. You’ll also gain significant visibility across functions, build strong professional relationships, and experience the satisfaction of driving tangible outcomes in a role that is both challenging and deeply rewarding.

Job Purpose

To manage integrated and Enterprise-Wide risk across the business by ensuring 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

Risk Management – Advisory:

• Lead and enhance the BCB Cluster Fraud Landscape analysis, including end‑to‑end fraud process review and mapping, and fraud hotspot identification.
• Oversee the implementation of the Nedbank’s fraud risk management and compliance and applicable policies and frameworks within the BCB Cluster, including scenario reviews.
• Ensure compliance with regulations and prevent losses by facilitating risk management in the business and by engaging with relevant stakeholders regarding risk related issues.
• Contributes and consolidates the cluster Integrated Financial Crime Risk Assessment, and tax evasion risk assessments.
• Contributes to the development of new products and services, through identification and assessment of risk, in the form of fraud risk assessments.
• Contribute to key risk appetite decisions as the Cluster Fraud Risk representative.
• Provides risk oversight and input into product, process, and system reviews, ensuring risk alignment across BCB. Ensure business processes and systems are functioning by identifying and documenting risks.
• 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.
• 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.
• Ensure improvements on identified risks by engaging with business; understanding risks and by creating action plans.

Risk Management – Assurance: 

• 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.
• Facilitate and manage the cluster’s Fraud Risk profile through risk-based control adequacy reviews.

Stakeholder Management:

• Develops roles & responsibilities frameworks across 1LOD, 2LOD, and GFCFS for fraud‑related processes. Works with GFCFS to define service‑level expectations, escalation principles, and communication rhythms for fraud cases.
• 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.
• Share information and knowledge with stakeholders; peers and team to by driving awareness campaigns.
• Build and maintain relationships with clients and service providers through attending meetings and utilising networking opportunities.
• Share knowledge and industry trends with team and stakeholders during formal and informal interaction.

Job Responsibilities Continue

Innovation and Automation

• 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.
• Deliver innovative solutions and continuous improvements through thought leadership and leveraging global cutting-edge techniques to ensure competitive advantage in fraud risk management.

Governance and Oversight

• Ensure alignment of area business processes to the Group Risk Framework by participating and providing information to Nedbank Risk Committees.
• Operationalise the Nedbank Group Risk Framework; ensuring adequate risk reports generated; risk meetings held and risk processes aligned with group.
• Ensure the business fully complies with risk standards by revising cluster risk process guidelines.
• Report on the overall effectiveness of the governance, risk and internal control framework of the Group.

General:

• Meet financial objectives by containing costs.
• Support the achievement of the business strategy; objectives and values by understanding Nedbank risk strategy and Cluster 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.
• 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.

Essential Qualifications - NQF Level

Preferred Qualification

• Bachelor of Commerce, B. Comm Forensic Accounting, CA (SA)

Preferred Certifications

• Certified Fraud Examiner (ACFE) / Member of Institute of Risk Management of South Africa and/or similar preferred certifications,

Minimum Experience Level

• 3+ years’ experience specifically in financial crime or fraud risk management, including identifying fraud‑related risks in business processes, assessing control weaknesses, reviewing financial information for anomalies, and contributing to fraud‑focused risk assessments.
• Banking experience that includes working with regulatory requirements and understanding governance expectations.
• Ability to execute independently, manage deliverables, handle competing priorities, and convert analysis into actionable outcomes.
• Experience engaging with multiple business areas and supporting risk‑related decision‑making.
• Exposure to fraud or financial crime risk indicators, including reviewing financial information for irregularities.

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