Senior Manager: Operational Risk
Senior Manager: Operational Risk
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1 Vacancy
Job Description
Senior Manager: Operational Risk
REQ: 139841
Role: Senoir Manager: Operational Risk
Location: Nedbank 135 Rivonia Road Sandown Sandton
Specialist Recruiter: Lebohang Monate
Closing Date
12 June 2025
Career Stream
Leadership Pipeline
Job Purpose
To develop and monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to comply to regulatory requirements and ensure alignment to international best practice.
Job Responsibilities
- Deliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory requirements and take corrective action where necessary.
- Provide input into the enhancement of the Operational Risk Management Framework (ORMF) methodologies policies processes and provide guidance to address operational risk challenges in Nedbank and its subsidiaries.
- Improve the effectiveness and relevance of internal and external loss operational risk data.
- Review outcome of operational risk practices of stakeholders.
- Monitor and analyse major operational risk losses and control breakdowns.
- Identify regulatory changes and potential future operational risks.
- Engage with stakeholders to understand their operational risk.
- Develop and maintain partnerships with stakeholders to facilitate accomplishments of operational risk objectives.
- Become a trusted advisor to and influence decision making of stakeholders by providing an advisory service guidance and support on operational risk management practices.
- Facilitate collaboration between stakeholders.
- Collaborate and maintain relationships internally.
- Build and maintain relationships with relevant regulators and other assurance providers.
- Contribute to a culture of transformation by participating in Nedbank culture building.
- Identify opportunities to influence the improvement or enhancement of business processes and methodologies.
- Provide input into and advice on the alignment between regulatory capital and Nedbank Clusters risk profile and risk appetite.
- Provide input related to Operational Risk deliverables into the GORM budget in line with Finance requirements and business plans.
- Contract deliverables services and pricing with Nedbank Clusters and agree transfer pricing allocation to Clusters.
- Use budget allocation effectively by implementing enhancements to operational risk management (ORM) practices and improve efficiencies.
- Review Nedbank and Business Unit Plan and ensure delivered systems process services and solutions are aligned to support the achievement of the business strategy objectives and values.
- Identify training courses and career progression opportunities to improve personal and professional capability.
- Ensure all personal development plan activities are completed within specified timeframe.
- Share operational risk related knowledge resources and practices with team and stakeholders.
- Obtain buy-in for developing new and/or enhanced processes that will improve the functioning of stakeholders businesses.
Essential Qualifications - NQF Level
- Professional Qualifications/Honours Degree
Preferred Qualification
BSc/BCom will be advantageous
Minimum Experience Level
Technical / Professional Knowledge
- Cluster specific operations
- Communication Strategies
- Governance Risk and Controls
- Operational risk management
- Principles of financial management
- Principles of project management
- Relevant regulatory knowledge
- Relevant software and systems knowledge
- Technologies
Behavioural Competencies
- Adaptability
- Building Partnerships
- Communication
- Decision Making
- Stress Tolerance
- Technical/Professional Knowledge and Skills
Please contact the Nedbank Recruiting Team at
Required Experience:
Senior Manager
Employment Type
Full Time
