Risk Officer - ERM ( Insurance

• Cluster:
  Personal and Private Banking | Nedbank Insurance | Risk
• Please Note:
  Preference will be given to applicants from Underrepresented Groups

To facilitate and support the effective management of the Enterprise Wide and Operational Risk Frameworks in order to manage current and emerging risks to assist Nedbank in achieving its objectives.

• Support the Head of ERM in embedding a robust risk management culture and framework within the business.
• Facilitate risk governance forums and committees.
• Prepare risk reports and dashboards for executive management, risk committees, and board structures.
• Ensure adherence to risk appetite and risk tolerance thresholds.
• Implement and influence improvement of risk management frameworks, policies, and procedures in alignment with Nedbank Insurance’s strategic objectives and regulatory requirements, and that of the broader Nedbank organisation.
• Collaborate with various business units to embed effective risk management practices and ensure consistent application of risk processes across the organisation.
• Implement the Risk Change Management, Communication and Training Plan.
• Conduct risk workshops and training sessions to promote a robust risk culture and deepen the understanding of risk management throughout the division.
• Facilitate risk assessment i.e. the identification, analysis, assessment, and evaluation of non-financial risks
• Support business units in the mitigation of key risk exposures.
• Conduct assurance, including monitoring and review.
• Facilitate risk and control self-assessments (RCSAs)
• Drive effective loss data management, risk incident investigations, root cause analysis, and ensure effective remediation and lessons learned are documented and implemented.
• Prepare high-quality risk reports and dashboards for senior management and relevant governance committees.
• Monitor the implementation of agreed risk mitigation actions and track progress to completion, including tracking of audit issues to resolution.
• Stay abreast of emerging risks, regulatory changes, and industry best practices to ensure proactive management of the risk landscape.
• Assist in the development and testing of business continuity and crisis management plans as required.
• Support internal and external audit processes and regulatory inspections as required.

• Advanced Diplomas/National 1st Degrees

• Bachelor’s degree in Risk Management, Finance, Business, or a related field (essential).
• Professional risk management certification is advantageous.

• At least 5 years’ experience in risk management within the financial services sector, with a strong focus on non-financial risk disciplines.
• Solid understanding of risk management frameworks (e.g., ISO 31000) and relevant regulatory requirements.
• King IV
• FSCA
• Prudential Authority Standard
• Proven experience in implementing risk policies, procedures, and controls within a complex organisational environment.
• Knowledge of insurance industry
• Earning Trust
• Communication
• Decision Making
• Work Standards
• Managing Work
• Technical/Professional Knowledge and Skills

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Nedbank Ltd Reg No 1951/000009/06.
Authorised financial services and registered credit provider (NCRCP
16).