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 Nedbanks 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 Bachelors 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
Nedbank Insurance is seeking a seasoned Risk Manager to provide strategic and operational expertise on non-financial risk matters. This senior role reports to the Head of Governance and supports the Insurance Executive in embedding a strong risk culture across the business. Key Responsibilities Implement and enhance risk frameworks, policies, and processes aligned with Nedbank and insurance industry standards. Advise on non-financial risks: Operational, Strategic, Reputational, Compliance, Conduct, Technology, Cyber, Data, ESG. Develop risk appetite statements, KRIs, and scenario analyses. Prepare and present risk reports to executives and committees. Monitor regulatory changes and emerging risks. Lead and manage a team of Risk Officers. What Were Looking For Qualifications: * Bachelors degree in Risk Management, Business Administration, Finance/Commerce (Postgrad or certification preferred). Experience: * 7+ years in risk management within financial services (insurance experience essential). * 3+ years in a senior risk role. * Strong knowledge of ISO 31000 and regulatory requirements. Competencies: * Strategic thinker, analytical, and solution-oriented. * Excellent communication and stakeholder engagement skills. * High integrity and attention to detail.

Skills Required