Enterprise Wide Risk Manager Nedbank Insurance
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Job Location:
Johannesburg - South Africa
Monthly Salary:
Not Disclosed
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
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
Career Stream
Leadership Pipeline
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
Please contact the Nedbank Recruiting Team at
Required Experience:
Manager
Key Skills
- Arm
- Risk Management
- Financial Services
- Cybersecurity
- COSO
- PCI
- Root cause Analysis
- COBIT
- NIST Standards
- SOX
- Information Security
- RMF
About Company
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