Job Description

To develop and maintain best practice models and assessment strategies in line with regulations (where applicable) in order to facilitate world class risk management and/or attainment of strategic objectives.

Job Responsibilities

• Own and manage the quantification of the bank's operational risk capital within GRA

• Ensure full compliance to the regulatory AMA certification requirements
• Develop, implement all reporting related to AMA modelling with a focus on automation
• Provide timeous and high-quality reporting to all our stakeholders including governance committees, senior management and regulators
• Engage various stakeholders (including senior management) on all matters pertaining to the AMA model
• Implement RDARR / EDP requirements for the AMA model and BA 400 return
• Implement R&D to ensure that Nedbank's AMA modelling processes, tools and methodologies remain relevant and appropriate for consumption
• Ensure quality of all the AMA model components through engagement with 2nd and 3rd line of defence and processing of review outcomes thereof

• Own and manage the New Standardised Approach (Basel III Reforms) for Operational Risk Capital

• Design, develop, implement and sign-off the New Standardised Approach (NSA) for Nedbank Group - with consultation with the operational risk community
• Ensure the project management and governance of the bank's migration to the NSA, within budget and timelines
• Ensure RDARR / EDP compliance of the bank's NSA processes and reporting
• Develop NSA documentation and reporting and maximise automation of the NSA processes
• Engage with industry through the Banking Association of South Africa, Operational Risk Exchange, etc. on the implementation of the regulatory Basel III reforms roadmap

• Model development, Advanced Analytics and R&D

• Conduct high quality research in operational risk (may include Cyber Risk and Procurement) analytics using statistics and other mathematical theory and tools.
• Apply mature and sound judgment in the selection of methods that provide a balanced approach to address both the theoretical and practical issues when faced with very difficult choices
• Research, present and resolve issues emanating from the implementation of operational risk models
• Design, develop and deploy reporting dashboards for operational risk analytics
• Develop and implement operational risk model stress testing and backtesting frameworks for the bank
• Develop and implement advanced operational risk analytics and factor models to bolster understanding, management and mitigation of the bank's operational risk exposures
• Leveraging advanced analytics techniques to identify and model operational risks.
• Collaborating with key stakeholders to implement data-driven risk mitigation strategies.
• Automating operational risk analytics reports and processes using data visualization and dashboards.
• Analysing historical data to derive insights and trends.

Job Responsibilities Continue

• Analytics governance

• Ensure prudent governance of all operational risk models and analytics products
• Ensure that all operational risk models and analytics products are compliant to internal policies and regulatory requirements.
• Ensure that analytics data sets are governed and managed according to the bank's policy
• Ensure transparency of the operational risk analytics modelling and reporting processes
• Ensure provision to senior management and governance committees relevant, concise, accurate, reproducible and timeous reporting
• Work with model validation and /or audit teams on model or process validation and help address the issues and findings raised therein

• Excellent leadership

• Provide leadership in capital-related aspects of Nedbank's operational risk program
• Lead and manage projects related to operational risk analytics
• Provide mentorship to graduates, colleagues and various stakeholders
• Represent the bank in designated industry groups (BASA, ORX, SABRIC, etc.)
• Participate and contribute to the formulation and execution of the FCORA strategy
• Develop and maintain productive relationships with internal and external clients, stakeholders and peers
• Engage and explain xe2x80x9cdifficultxe2x80x9d operational risk analytics concepts to clients and stakeholders across the Group

Essential Qualifications - NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Bachelor's degree in Mathematical Statistics, Pure/Applied Mathematics, Actuarial Sciences or related field (Master's degree is a plus).

Minimum Experience Level

• 3-5 years relevant experience in an analytical environment
• Familiarity with regulatory requirements related to operational risk.

Technical / Professional Knowledge

• Industry trends
• Microsoft Office
• Principles of project management
• Relevant regulatory knowledge
• Relevant software and systems knowledge
• Risk management process and frameworks
• Business writing skills
• Business Acumen
• Quantitative Skills
• Proficiency in data analytics tools and programming languages (e.g., Python, MATLAB, SAS, VBA, etc).
• Excellent communication skills to convey complex data insights.
• Advanced proficiency with Microsoft Products (Excel, PowerPoint, Power BI, Teams, Visio, SharePoint).
• Cloud Data Engineering & Analytics (Azure) would be advantageous

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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