Head of Operational Risk Management, Third Party

2 weeks ago

Johannesburg, Gauteng, South Africa Nedbank Full time

Requisition Details & Talent Acquisition Contact

  • REQ Tshego Semenya
  • Closing date: 9 February 202
  • Job Family
  • Risk, Audit and Compliance


 Career Stream
  • Operational Risk


 Leadership Pipeline
  • Manage Managers (MM)

Job Purpose

  • To lead operational risk monitoring and assurance activities in accordance with regulatory requirements and best practice for the Group Operational Risk Monitoring (GORM) function. In addition, owning the Third-Party Risk Management (TPRM) approach and process in line with business strategy and leading practices.

Responsibilities:

Operational Risk Management (ORM)

  • Develop and implement strategies to manage and mitigate operational risks, while ensuring adequate risk coverage across the enterprise.
  • Continuously improve ORM framework, methodologies, policies, processes and provide guidance to address operational risk challenges in the Group and its subsidiaries.
  • Oversee implementation of Operational Risk Management Framework (ORMF), ensuring
- adherence to Group policies and procedures, regulatory requirements, and sound corporate governance principles
- alignment with industry best practices

  • Provide advisory assistance and support to operating areas to develop other risk profiles.

Third Party Risk Management (TPRM) Focus

  • Establish and maintain a TPRM framework including the risk appetite framework:
  • identify risks posed by third parties.
- define the end-to-end roles, responsibilities, and accountabilities along the value chain.

  • Technology, Group Legal, Procurement etc) to ensure compliance risk management procedures.
  • Collaborate across the Group to articulate the interconnectedness of thirdparty risks with other risk types and design effective controls to ensure successful thirdparty risk processes/activities.

Operational Risk Monitoring

  • Develop and execute an operational risk monitoring strategy aligned with the Group's risk appetite and business objectives in the context of changing business and regulatory landscapes.
  • Escalate potential breaches in risk appetite in line with the Risk Appetite Framework, Operational Risk Management Framework (ORMF) and Enterprise Risk Management Framework (ERMF).

Operational Risk Assurance

  • Develop the Group Operational Risk (GOR) Assurance plan to ensure adequate oversight and coverage of key operational risks within the Group.
  • Champion innovation and best practice in ORM and oversight.

People and Talent

  • Lead, manage and coach direct reports.
  • Promote and embed an inclusive and high performing culture to attract and retain talent in line with the division's transformation strategy.

Stakeholder Management

  • Partner with internal and external stakeholders to execute business requirements and ensure valueadded results for the Group.
  • Develop communications strategies to continuously engage relevant stakeholders using appropriate activities and channels.


 Essential Qualifications
  • NQF Level
  • Professional Qualifications/Honour's Degree


 Preferred Qualification
  • BCom in Risk Management, Finance, Financial Management, Accounting, Auditing, or Information Systems


 Preferred Certifications
  • FRM, IRMSA, CFA, CA(SA)
  • Minimum Experience Level years management experience
  • 710 years Operational Risk Management, Third Party Risk Management and Risk Assurance experience.
  • Technical / Professional KnowledgeShort Description
  • Operations planning
  • Analysing and interpreting quantitative and qualitative data
  • Data analysis
  • Governance, Risk and Controls
  • Financial and risk reporting
  • Financial and risk regulations including BASEL standards
  • Digital Culture
  • Financial services industry


 Behavioural Competencies
  • Aligning and Executing Strategy
  • Influencing
  • Decision Making
  • Integrated Planning
  • Facilitating Change
  • Digital Savvy
  • Process Innovation
  • Build expansive and collaborative partnerships
- **_Please contact the Nedbank Recruiting Team at _

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