Enterprise Wide Risk Management
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.
• 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.
Bachelor’s degree in Risk Management, Business Administration, Finance/ Commerce, or a related field.
Postgraduate qualification in Risk Management or relevant professional certification preferred.
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Please contact the Nedbank Recruiting Team at +27 860 555 566
At Nedbank, we see ourselves as money experts who do good. And by doing good, we strive to be the difference that impacts our world for the better.
