Job Description

Job Classification

• Job Requisition: 143389
• TA Specialist: Refilwe Falatsi
• Closing Date: 16 January 2026
• Location: 135 Rivonia Campus, Sandton
• Cluster: Personal and Private Banking | Nedbank Insurance | Risk
• Please Note: Preference will be given to applicants from Underrepresented Groups

Job Family
Risk, Audit and Compliance
Career Stream
Enterprise Wide Risk Management
Leadership Pipeline
Manage Self: Professional
FAIS Affected
Job Purpose
Nedbank Insurance is seeking a highly skilled and experienced Risk Manager to provide strategic and operational expertise, advice, assistance, consultancy services and general support for all risk-related matters to the Insurance Executive and Head of Governance.
The successful candidate will play a critical role in advising the Executive on the effective management of non-financial risks across the insurance division (i.e. including, but not limited to Operational Risk, Strategic Risk, Reputational Risk, Compliance & Regulatory Risk, Conduct Risk, Technology and Digital Risk, Cyber Risk, Data Risk, Sustainability (ESG) Risk, and excluding Liquidity & Funding Risk, Insurance Risk, Capital Risk, Credit Risk, and Market Risk.
Job Responsibilities

• Support the Insurance Executive and Head of Governance in embedding a robust risk management culture within the business.
• Manage the implementation and influence improvement of risk frameworks, policies, and processes aligned with Nedbank's risk frameworks and regulatory requirements, including insurance industry requirements.
• Develop Risk Management Implementation Plans that encompass all risk deliverables, to support the business strategy.
• Facilitate the development and annual review of risk appetite statements and metrics across the applicable risk universe.
• Lead risk assessments and scenario analyses, and Key Risk Indicator (KRI) development to ensure proactive risk identification and mitigation of both threat risk and opportunity risk.
• Conduct monitoring and control effectiveness reviews (assurance).
• Prepare and present risk reports, dashboards, and analysis to executive management, risk committees, and relevant stakeholders.
• Monitor regulatory changes and emerging risks and ensure timely communication and adaptation within the insurance business.
• Develop and manage the Risk Change Management, Communication and Training Plan.
• Engage with internal and external auditors, regulators, cluster risk specialists and other assurance providers, as required.
• People management: Manage team of Risk Officers responsible for the implementation of risk requirements in the business.
• Contribute to a culture conducive to the achievement of transformation goals.

People Specification
Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification
Bachelor's degree in Risk Management, Business Administration, Finance/ Commerce, or a related field.
Postgraduate qualification in Risk Management or relevant professional certification preferred.
Essential Certifications

• Compliance Institute of South Africa (CISA) Institute of Risk Management of South Africa (IRMSA) and/or similar

Minimum Experience Level

• Minimum of 7 years' relevant experience in risk management within the financial services sector, including the insurance industry, with at least 3 years at a senior level.
• In-depth knowledge of non-financial risk types, risk frameworks, guidelines and standards (e.g., ISO 31000), and regulatory requirements applicable to insurance businesses.
• Proven track record in leading risk management projects, influencing senior stakeholders, and driving risk culture initiatives.
• Experience with risk management systems and reporting tools.

Technical / Professional Knowledge

• Banking knowledge
• Industry trends
• Relevant regulatory knowledge
• Risk management process and frameworks
• Business writing skills
• Business Acumen
• Risk Management
• Principles of Programme Management

Behavioural Competencies

• Applied Learning
• Coaching
• Communication
• Customer Focus
• Decision Making
• Influencing
• Quality Orientation
• Technical/Professional Knowledge and Skills

Please contact the Nedbank Recruiting Team at +27 860 555 566
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Skills Required