Senior Manager: Operational Risk

**Senior Manager: Operational Risk**
- REQ: 139841
- Role: Senoir Manager: Operational Risk
- Location: Nedbank 135 Rivonia Road, Sandown, Sandton
- Specialist Recruiter: Lebohang Monate

**Closing Date**
- 12 June 2025

**Career Stream**
- Operational Risk
- Leadership Pipeline
- Manage Self: Professional

**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 and take corrective action, where necessary.
- Provide input into the enhancement of the Operational Risk Management Framework (ORMF), methodologies, policies, processes and provide guidance to address operational risk challenges in Nedbank and its subsidiaries.
- 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 risks.
- Engage with stakeholders to understand their operational risk.
- 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.
- Facilitate collaboration between stakeholders.
- Collaborate and maintain relationships internally.
- Build and maintain relationships with relevant regulators and other assurance providers.
- Contribute to a culture of transformation by participating in Nedbank culture building.
- Identify opportunities to influence the improvement or enhancement of business processes and methodologies.
- Provide input into, and advice on the alignment between regulatory capital and Nedbank Clusters' risk profile and risk appetite.
- Provide input, related to Operational Risk deliverables, into the GORM budget in line with Finance requirements and business plans.
- Contract deliverables, services and pricing with Nedbank Clusters and agree transfer pricing allocation to Clusters.
- Use budget allocation effectively by implementing enhancements to operational risk management (ORM) practices and improve efficiencies.
- Review Nedbank and Business Unit Plan and ensure delivered systems, process, services and solutions are aligned to support the achievement of the business strategy, objectives and values.
- Identify training courses and career progression opportunities to improve personal and professional capability.
- Ensure all personal development plan activities are completed within specified timeframe.
- Share operational risk related knowledge, resources and practices with team and stakeholders.
- Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders' businesses.

**Essential Qualifications - NQF Level**
- Professional Qualifications/Honour’s Degree

**Preferred Qualification**
- BSc/BCom will be advantageous

**Minimum Experience Level**
- 5 - 8 years experience in Risk, Governance and Auditing and/or 8 - 10 years experience in banking and/or insurance

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