Operational Risk Manager
3 weeks ago
**Location**
- 135 Rivonia Road, Sandton (Nedbank Group Head Office)
- Job Family- Risk, Audit and Compliance
- Career Stream- Operational Risk
- Leadership Pipeline- Manage Self: Professional
**Job Purpose**
- To evolve, maintain, monitor and report on Nedbank’s Operational Risk Management Framework to meet the Basel III New Standardized Approach regulatory requirements and that is in alignment to international best practice, fit for purpose and conforms to the group’s standards. Core roles and responsibilities include research and development, framework benchmarking, managing framework awareness and training, championing digitization of operational risk management, participating in framework assurance activities, engaging with industry stakeholders, to positively shape the appropriate risk culture to support sound operational risk management.
**Responsibilities**:
- RISK FRAMEWORK, POLICY, PROCESS, PROCEDURE, GUIDANCE MAINTENANCE
- Identify regulatory changes and potential future operational risk impacts through scanning of the business, regulatory and international environments to enable stakeholders to prepare for future potential operational risks.
- Review outcome of operational risk practices of stakeholders by analysing, reviewing and assessing internal controls presented as mitigants.
- Facilitate and provide input into the enhancement of the ORMF methodologies, policies, processes and provide guidance through research in order to address operational risk challenges in Nedbank and its subsidiaries.
- Champion innovation and best practice enhancements in operational risk management.
- Develop and maintain framework, policy, guidance documents in line with group standards and that is fit for business consumption
- Embed and enhance Advanced Measurement Approach (AMA) requirements. Aligning operational risk management with group risk appetite framework
- Provide input into the enhancement of the ORMF methodologies, policies, processes and provide guidance through research in order to address operational risk challenges in Nedbank and its subsidiaries.
- OPERATIONAL RISK FRAMEWORK IMPLEMENTATON AND ADAPTION
- Ensure the implementation of the ORMF across all Clusters.
- Provide input, advice and guidance to Clusters on the ORMF Implementation - to drive risk based compliance and value add service to enable business achieve their objectives
- Maintain a strong oversight of the Operational Risk Management Framework (ORMF) in terms of adherence to Group Policies and Procedures, Regulatory requirements and sound corporate governance principles.
- Improve the effectiveness and relevance of internal and external loss operational risk data through the analysis, interpretation and increased usage of operational risk data elements and benchmark against international best practice for improved operational risk practices.
- Monitor and analyse major operational risk losses and control breakdowns through the facilitation of root cause analysis conducted by stakeholders and recommend appropriate corrective action and/or interventions.
- ENHANCE OR MANAGEMENT RISK CULTURE
- Establish Training and Communication framework to heighten OR awareness and training across the bank
- Facilitate the design and development of sustainable OR awareness and training interventions to enhance the risk community knowledge and skills levels
- Create, promote and embed a culture of operational risk management by providing (facilitating, co-facilitating) operational risk training interventions and awareness.
- MANAGE REGULATORY REQUIREMENTS
- Maintain and Keep abreast of Regulatory Requirements through research, attending BASA industry meetings
- Provide input into, and advice on the alignment between regulatory capital and Nedbank clusters' risk profile and risk appetite by recommending corrective action or mitigating strategies to minimize exposure.
- MANAGE INTERNAL PROCESSES:
- Coordinate the work and activities of Group Operational Risk team members. Ensure that planning for deliverables and timelines are communicated to team members, activities and deliverables are actively managed. Continually enhance processes around coordinating, compiling, and GOR requirements and reports.
- BUILD RELATIONSHIPS: Establish, maintain and manage strategic partnerships and long-term relationships with internal and external stakeholders.
- PROMOTE DEVELOPMENT AND LEARNING:
- Take ownership of your role and personal development to cultivate a deeper understanding of information to better meet requirements of internal and external stakeholders.
- Essential Qualifications - NQF Level- Professional Qualifications/Honour’s Degree
- Preferred Qualification- BCom in Risk Management, Finance, Financial Management, Accounting, Auditing or Information Systems
- Minimum Experience Level- 3 or more years of banking experience
- Technical skills and business acumen - Risk Management and governance process
- Internal and external reporting
- Project M
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