Operational Risk Specialist

2 weeks ago

Johannesburg, South Africa Nedbank Full time

**Job Requisition and Talent Acquisition Contact**
- REQ:

- **129576**
- Location: Sandton, Johannesburg- Closing Date: 21 November 2023- Talent Acquisition:

- **Saranya Govender**
- Job Family- Risk, Audit and Compliance
- Career Stream- Operational Risk
- Leadership Pipeline- Manage Self: Professional

**Job Purpose**
- To implement and maintain the Groups operational risk management framework through partnering with business to manage operational risk and ensure compliance to regulatory requirements; as per Nedbank business strategy.

**Responsibilities**:

- Build sound professional relationships with clients through collaboration; client focus; innovative growth; excellent execution; value based leadership and taking ownership.
- Build trust with clients through professional conduct and providing advice and guidance.
- Develop professional working relationships with internal stakeholders (Other Risk functions; Group; Audit etc.) through collaboration; liaising with various stakeholders to improve the framework.
- Manage relationships with team through teamwork; knowledge sharing; positive attitude and providing support to colleagues.
- Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.).
- Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy).
- Seek opportunities to improve business processes and systems by identifying and recommending effective ways to operate and adding value to Nedbank.
- Contribute to making the department a great place to work through teambuilding activities; communication; improving how we do things to become more efficient / profitable.
- Improve the risk culture through on-going active contribution (awareness campaigns and day to day interaction with stakeholders and clients).
- Ensure time is well managed to manage costs through prioritisation; accuracy; planning and timeous delivery.
- Deliver efficiency initiatives by adhering to time and budget requirements.
- Identify and assess the risk and controls relevant to the portfolio in terms of operations; new products; projects; systems and the environment by using approved operational risk management tools.
- Ensure that risks are well managed and anticipated by monitoring and analysing risk and risk trends.
- Ensure that identified risks are treated by facilitating the development of mitigating actions and monitoring the implementation thereof.
- Monitor adherence and compliance to the operational risk management framework.
- Estimate capital allocation and stress test risk by facilitating scenario analysis.
- Ensure that the operational risk reporting to the various structures is accurate; relevant and comparable by reporting timeously and being proactive.
- Prevent recurrence of incidents by undertaking investigations; classifying and reporting operational risk incidents.
- Ensure effective risk governance by Assisting and providing support to the Chairman of the Enterprise Risk Committee (ERCO) in risk and compliance relate matters.
- Ensure appropriate evidence of risk management by adhering to internal governance standards.
- Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned.
- Identify training courses and career progression for self through input and feedback from management.
- Uplift the skills of the team by mentoring and training othersEnsure all personal development plan activities are completed within specified timeframe.
- Share knowledge and industry trends with team during formal and informal interaction.
- Essential Qualifications - NQF Level- Advanced Diplomas/National 1st Degrees

**Preferred Qualification**
- Accounting
- Internal Auditing
- LLB
- Relevant Risk Management Qualification

**Minimum Experience Level**
- 3-5 years experience in banking risk**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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