Operational Risk Manager

3 weeks ago


Johannesburg, South Africa Nedbank Full time

**Job Purpose**
- To develop and monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to comply to regulatory requirements and ensure alignment to international best practice

**Responsibilities**:

- Deliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory requirements (BASEL, Banks Act) and take corrective action, where necessary.
- Provide input into the enhancement of the Operational Risk Management Framework (ORMF), methodologies, policies, processes.
- Improve the effectiveness and relevance of internal and external loss operational risk data.
- Review outcome of operational risk practices of stakeholders.
- Monitor and analyse major operational risk losses and control breakdowns.
- Identify regulatory changes and potential future operational risk impacts.
- Compile and/or provide input into internal operational risk reports and external disclosures.
- Engage with stakeholders to obtain an understanding of their operational risk practices to contract, manage and meet expectations.
- 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.
- Collaborate and maintain relationships internally.
- Build and maintain relationships with relevant regulators and other assurance providers.
- Stay abreast of developments in field of expertise, ensuring personal and professional growth.
- Understand and embrace the Nedbank vision and values, leading by example.
- Share operational risk related knowledge, resources and practices with team to enable upskilling.
- Preferred Qualifications- Bcom Degree/honours in Accounting, Risk Management
- Minimum Experience Level- 5 - 8 years experience in Risk, Governance and Auditing and/or 8 - 10 years experience in banking and/or insurance
- Global product suite (payments and trade) knowledge and experience will be an advantage

**Technical / Professional Knowledge**
- Change management
- Communication Strategies
- Governance, Risk and Controls
- Industry trends
- Principles of financial management
- Principles of project management
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Research methodology
- Cluster Specific Operational Knowledge
- Behavioural Competencies- Communication
- Technical/Professional Knowledge and Skills
- Building Partnerships
- Adaptability
- Stress Tolerance
- Decision Making
- **_Please contact the Nedbank Recruiting Team at +27 860 555 566_



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