Operational Risk Manager

2 weeks ago

Johannesburg, South Africa Nedbank Full time

**Requisition Details & Talent Acquisition Contact**
- 121897 - Tshego Semenya- Closing Date: 9th February 2023- Job Family- Risk, Audit and Compliance- Career Stream- Operational Risk
- Leadership Pipeline- Manage Self: Professional

**Job Purpose**
- To monitor, provide support and report on 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**:

- 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.
- Ensure the implementation of the ORMF across Clusters.
- Embedding and enhancing the Advanced Measurement Approach (AMA) requirements.
- Aiding in the embedment and enhancement of the New Standardized Approach (NSA) requirements.
- Provide insights into change management practices to be applied for the roll out of NSA.- Aligning operational risk management and oversight capabilities with group risk appetite framework.
- Champion innovation and best practice enhancements in operational risk management and oversight.
- 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.
- Review outcome of operational risk practices of stakeholders by analyzing, reviewing and assessing internal controls via targeted assurance reviews/activities.
- Develop and execute a Risk Assurance plan to ensure adequate oversight and coverage of key risks within the Group.
- Monitor and analyze 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.
- 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.
- Create, promote and embed a culture of operational risk management by providing operational risk training interventions, client engagements and awareness.
- MANAGE REGULATORY REQUIREMENTS: Maintain regulatory requirements and sound corporate governance principles.
- 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.
- 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 Business, Finance, Accounting, Economics, or related field
- Minimum Experience Level- 3+ years’ experience in risk management or related role
- Technical skills and business acumen - Risk Management and governance process
- Strong understanding of banking regulations and compliance requirements (banking, asset management and insurance products) will be beneficial
- Internal and external reporting
- Excellent analytical and problem-solving skills
- Highly detail oriented with excellent organizational skills
- Risk management, audit and/or other professional risk management designation
- Experience working in a global bank or financial institution
- Advanced Excel skills
- Type of Exposure- Conducting root cause analysis
- Analyzing situations or data that requires an in-depth evaluation of multiple factors
- Developing ways to minimize risks
- Drafting executive and board committee risk reports
- Managing conflict situations
- Influencing stakeholders to obtain buy-in for concepts and ideas
- Sharing information in different ways to increase stakeholders understanding
- Brainstorming ways of improving a product or situation
- Challenging the status quo with a view to improving the environment or peoples understanding
- Communicating standards to others
- Comparing two or more sets of information
- Conducting a needs analysis
- Writing business proposals
- Working with a group to identify alternative solutions to a problem
- Interacting with diverse people
- Interacting with regulatory, supervisory and industry bodies
- Building and maintaining effective relationships with internal and external stakeholders
- Analysing and interpreting quantitative and qualitative data
- Interacting with various levels of management
- Managing multiple projects
- Answering customer questions
- Communicating c

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