Job title : Operational Risk Manager
Job Location : Gauteng, Johannesburg
Deadline : January 05, 2025
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Job Responsibilities Implementation and maintenance of the ORMF and ERMF within the business the role is accountable for. Monitor adherence and compliance to the operational risk management framework. Develop and maintain partnerships with business stakeholders to facilitate the accomplishment of their 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. 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. Build sound professional relationships with clients through collaboration; client focus, innovative growth, excellent execution, value based leadership and taking ownership. Develop professional working relationships with internal stakeholders (Other Risk functions; Group; Audit etc.) through collaboration. Improve the risk culture through on-going active contribution (awareness campaigns and day to day interaction with stakeholders and clients). Identify and assess the risk and controls relevant to the portfolio in terms of operations; new products; projects; systems and the environment by using approved operational risk management tools. Ensure that risks are well managed and anticipated by monitoring and analysing risk and risk trends. Ensure that identified risks are treated by facilitating the development of mitigating actions and monitoring the implementation thereof. Investigate and analyse major operational risk losses and control breakdowns. Identify, analyse and respond to the impact of regulatory changes and potential future operational risks. Ensure that the operational risk reporting to the various structures is accurate; relevant and comparable by reporting timely and being proactive. Prevent recurrence of incidents by undertaking investigations, classifying and reporting operational risk incidents. Ensure effective risk governance by Assisting and providing support to the Chairman of the Enterprise Risk Committee (ERCO) in risk and compliance relate matters. Ensure appropriate evidence of risk management by adhering to internal governance standards. Support the achievement of the business strategy; objectives and values by reviewing Nedbank and Business Unit Plan and ensuring delivered systems; process; services and solutions are aligned. Manage relationships with team through teamwork; knowledge sharing; positive attitude and providing support to colleagues. Contribute to a culture conducive to the achievement of transformation goals by participating in Nedbank Culture building initiatives (e.g. staff surveys etc.). Participate and support corporate responsibility initiatives for the achievement of business strategy (e.g. Green Strategy). Share operational risk related knowledge, resources and practices with staff, team and stakeholders. Uplift the skills of the team by mentoring and training others. Stay abreast of developments in all relevant fields of expertise, ensuring personal and professional growth. Identify training courses and career progression opportunities to improve personal and professional capability. Ensure all personal development plan activities are completed within specified timeframe.
Essential Qualifications - NQF Level Advanced Diplomas/National 1st Degrees
Preferred Qualification Professional Qualification – Relevant Commerce and IT related Degree
Minimum Experience Level 5 - 8 years' experience in Operational Risk or closely related disciplines 8+ years' experience in Banking
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