Nedbank
Enterprise Wide Risk Manager - Nedbank Insurance
🇿🇦Johannesburg, Gauteng, South Africa2 months ago
MidFull TimeEN
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
