Job Description

Requisition Details & Talent Acquisition Contact
Requisition nr: 141040
Talent Acquisition Specialist: Tshego Semenya
Location: 135 Rivonia Road, Sandown
Closing date: 25 July 2025
Cluster
Nedbank. Personal and Private Banking
Career Stream
Enterprise Wide Risk Management
Leadership Pipeline
Manage Managers
Position
Divisional Risk Manager
Why join our team!
Are you ready to shape the future of risk management at one of South Africa's leading financial institutions? At Nedbank, we're looking for a visionary leader to drive the implementation and continuous enhancement of world-class risk practices that support our strategic goals. In this high-impact role, you'll lead a dynamic team, influence executive decision-making, and ensure regulatory excellence through robust frameworks like ERMF and ORMF. You'll have the opportunity to build strong stakeholder relationships, foster a culture of innovation and transformation, and make a measurable difference in how we manage risk across the enterprise. If you're passionate about strategic leadership, operational excellence, and building high-performing teams, this is your chance to make a lasting impact.
Job Purpose
To facilitate and coordinate the implementation; ongoing execution and continued enhancement of effective and efficient risk management practices within Nedbank to make us world class at managing risk and so achieve our strategic objectives.
Job Responsibilities

• Build internal credibility by ensuring that direct reports are a high-performance team, visible, engaged, completing tasks successfully and have diverse skillset in line with operational needs.
• This includes implementing performance agreements, rewarding achievement, taking corrective action, and providing regular performance feedback.
• Direct reports and managers should be developed through learning, coaching, career conversations, and applying talent grid principles and retention programmes, eg rotation.
• Self, management and teams should be able to challenge the status quo through constructive debate about areas for improvement.
• Establish executive-level credibility by managing clients and accessing the business know-how.
• Ensure strong group and regulatory stakeholder relationships by networking and implementing best practice.
• Nurture departmental trust through communication and leadership.
• Develop and drive Risk strategy, budget and deliverables, and reporting processes in line with the needs and standards of the business and its strategy.
• This includes identifying potential risks, guiding strategy formulation, and implementing the Operational Risk Management Framework (ORMF) and the Enterprise Risk Management Framework (ERMF) for efficiency, effectiveness and regulatory compliance.
• Any emerging problems should be addressed by formulating and implementing a problem recognition and solving process in accordance with OMRF and EMRF.
• Ensure establishment of effective enterprise risk management committees by implementing processes that comply with the ERMF requirements and the Enterprise Risk Committee (ERCO) charter.
• Ensure continued Reserve Bank certification (Advance Measurement Approach Status).
• Maximise profit by managing operational losses within thresholds.
• Ensure transformation targets are met through staff recruitment, retention and training, and supplier selection.
• This includes contributing towards a culture of transformation, and embedding Nedbank's vision, values and strategy in support of the business reputation.
• Participate in, and ensure managers encourage staff to, support CSI activities that support the business strategy, eg Green Strategy.
• Ensure that issues raised in culture surveys are addressed.
• Deliver worldclass service and a client-centric culture by making any necessary interventions.
• Identify and address any resource inefficiencies through multi-skilling and resource gap management.

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor of Commerce: Honours - Accounting, Bachelor of Commerce: Honours - Internal Auditing or Similar

Minimum Experience Level

• 8 to 10 years risk management experience and 5 years in a people management position

Technical / Professional Knowledge

• Budgeting
• Business terms and definitions
• Capacity planning
• Client service management
• Communication Strategies
• Diversity management
• Financial Accounting Principles
• Governance, Risk and Controls
• Organisational behaviour theory
• Principles of project management
• Relevant regulatory knowledge
• Stakeholder management
• Strategic planning
• Risk Management Policies,Procedures and Best Practices(ERM and ORM Knowledge)
• Business Reporting Skills

Disclaimer
Preference will be given to candidates from the underrepresented groups
Please contact the Nedbank Recruiting Team at +27 860 555 566
Please contact the Nedbank Recruiting Team at +27 860 555 566
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