Risk Officer Nedbank Group

• 
  Instill a risk management culture in the business 
• Deliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory requirements and take corrective action, where necessary
• Provide input into the enhancement of the Operational Risk Management Framework (ORMF), methodologies, policies, processes and provide guidance to address operational risk challenges in Nedbank and its subsidiaries
• Improve the effectiveness and relevance of internal and external loss operational risk data
• Review outcome of operational risk practices of stakeholders
• Independently monitor the risk environment of the business unit in terms of the Annual Risk Monitoring Programme
• Monitor and analyse major operational risk losses and control breakdowns as well as key risk indicator threshold breaches
• Prepare all Risk reports, log monthly loss event data and monitor performance of key risk indicators 
• Identify potential future operational risks
• Engage with stakeholders to understand their operational risk
• Develop and maintain partnerships with stakeholders to facilitate accomplishments of operational risk objectives
• Become a trusted advisor to, and influence decision making of stakeholders by providing an advisory service, guidance and support on operational risk management practices
• Facilitate collaboration between stakeholders
• Collaborate and maintain relationships internally
• Build and maintain relationships with relevant assurance providers
• Contribute to a culture of transformation by participating in Nedbank culture building
•  Identify opportunities to influence the improvement or enhancement of business processes and methodologies
• Perform a functional analysis on each of the departments within the business, co-designing solutions whereby the various processes are listed, driving the documentation of all business processes by workshopping, identifying processes with high risk and factor in mitigating controls
• Provide input into, and advice on the alignment between the Business Unit risk profile and risk appetite
• Identify training courses and career progression opportunities to improve personal and professional capability
• Ensure all personal development plan activities are completed within specified timeframe
• Share operational risk related knowledge, resources and practices with team and stakeholders
• Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses
• Establish effective communication links with Line Management to facilitate the monitoring of the risk framework
• Support the activities of Group risk, external and internal audit on inspections and investigations and audits
• Provide input into business projects.

Essential Qualifications - NQF Level

Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Accounting , Bachelor of Commerce: Financial Management

Minimum Experience Level

• 3 - 5 years’ experience in risk management, governance and auditing and/or 5 - 8 years’ experience in Asset Management and/or Banking

Technical / Professional Knowledge

• Cluster specific operations
• Data analysis
• Governance, Risk and Controls
• Operational risk management
• Relevant Nedbank product knowledge
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Decision-making process
• Business writing skills
• Nedbank culture

Behavioural Competencies

• Communication
• Influencing
• Building partnerships
• Continuous Improvement
• Planning and Organizing
• Technical/Professional Knowledge and Skills