Head : Operational Risk

1 week ago


Johannesburg, South Africa Nedbank Private Wealth Full time

Job Purpose To lead in developing and monitoring the implementation of the following frameworks : Operational Risk Management Framework Cyber Resilience Framework Information Technology Framework Organisational Resilience Framework Third Party Risk Management Framework Reputational Risk Framework Conduct Risk Management Framework Anti-Tax Evasion Framework in the Group and Corporate Investment Banking to comply with regulatory requirements and ensure alignment to international best practice. Responsibilities Operational Risk Strategy Enable long-term competitiveness through the management measurement and mitigation of enterprise-wide risks. Achieve CIB Operational Risk strategy within budget and timelines. Make Enterprise-wide risk management (ERM) decisions in the best interest of CIB and ensure the Divisions are compliant with regulations. Oversee the CIB Operational Risk strategy and business planning process in consultation with all relevant stakeholders and align to the CIB Risk strategic planning cycles. Ensure the business plan is within the context of CIBs strategic framework. Translate the ORM strategy into annual plans and set short-term ORM objectives. Lead the implementation of all frameworks mentioned above across CIB. Enable competitive advantage for the CIB Operational Risk by implementing innovative ORM solutions and continuous improvements. Operational Risk Management Ensure that CIB implements sound ORM practices. Incorporate King III (and IV) principles in the ORM principles deployed. Champion innovation and best practice enhancements in ORM. Meet all risk management requirements as posed by the legislative regulatory and business environment. Set various risk appetites for CIB. Manage the operational risk capital level profile and risk appetite ranges. Deliver improved business results by providing strategic advice to the Group on the Advanced Measurement Approach (AMA) and the New Standardised Approach (NSA) modelling operational risk systems and operational risk management. Assess the relevance of the top international risks / emerging risks to CIB. Deploy Payments Risk Third Party Risk and ORM directives and following appropriate change management principles. Deliver effective internal and external reporting while meeting Pillar 3 disclosure requirements. Stakeholder Engagement Maintain relationships with stakeholders in various Clusters including Group Risk. Establish strategic partnerships and long-term relationships with internal and external stakeholders and international bodies such as the South African Reserve



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