Risk Officer - ERM (Nedbank Insurance)

<p><img id="Picture_x0020_1" src="https://rmkcdn.successfactors.com/dd82a348/461743ac-ca78-42fa-8634-a.png" style="height:255.0px;width:600.0px"></p> <div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:18.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Job Classification</b></H2> </div><div><ul> <li><strong>Job Requisition: 146267</strong></li> <li><strong>TA Specialist: Refilwe Falatsi</strong></li> <li><strong>Closing Date: 13 August 2026</strong></li> <li><strong>Location: 135 Rivonia Campus, Sandton</strong></li> <li><strong>Cluster: Personal and Private Banking | Nedbank Insurance | Risk</strong></li> <li><strong>Please Note: Preference will be given to applicants from Underrepresented Groups</strong></li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Job Purpose</b></H2> </div><div><p>To facilitate and support the effective management of the Enterprise Wide and Operational Risk Frameworks in order to manage current and emerging risks to assist Nedbank in achieving its objectives.</p></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>Job Responsibilities</b></H2> </div><div><ul> <li>Support the Head of ERM in embedding a robust risk management culture and framework within the business.</li> <li>Facilitate risk governance forums and committees.</li> <li>Prepare risk reports and dashboards for executive management, risk committees, and board structures.</li> <li>Ensure adherence to risk appetite and risk tolerance thresholds.</li> <li>Implement and influence improvement of risk management frameworks, policies, and procedures in alignment with Nedbank Insurance’s strategic objectives and regulatory requirements, and that of the broader Nedbank organisation.</li> <li>Collaborate with various business units to embed effective risk management practices and ensure consistent application of risk processes across the organisation.</li> <li>Implement the Risk Change Management, Communication and Training Plan.</li> <li>Conduct risk workshops and training sessions to promote a robust risk culture and deepen the understanding of risk management throughout the division.</li> <li>Facilitate risk assessment i.e. the identification, analysis, assessment, and evaluation of non-financial risks</li> <li>Support business units in the mitigation of key risk exposures.</li> <li>Conduct assurance, including monitoring and review.</li> <li> Facilitate risk and control self-assessments (RCSAs) </li> <li>Drive effective loss data management, risk incident investigations, root cause analysis, and ensure effective remediation and lessons learned are documented and implemented.</li> <li>Prepare high-quality risk reports and dashboards for senior management and relevant governance committees.</li> <li>Monitor the implementation of agreed risk mitigation actions and track progress to completion, including tracking of audit issues to resolution.</li> <li>Stay abreast of emerging risks, regulatory changes, and industry best practices to ensure proactive management of the risk landscape.</li> <li>Assist in the development and testing of business continuity and crisis management plans as required.</li> <li>Support internal and external audit processes and regulatory inspections as required.</li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px"><b>People Specification</b></H2> </div><div></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Essential Qualifications - NQF Level</H2> </div><ul style="margin-top:0.0;margin-bottom:0.0"><li>Advanced Diplomas/National 1st Degrees </li></ul></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Preferred Qualification</H2> </div><div><ul> <li>Bachelor’s degree in Risk Management, Finance, Business, or a related field (essential).   </li> <li>Professional risk management certification is advantageous.</li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Minimum Experience Level</H2> </div><div><ul> <li>At least 5 years’ experience in risk management within the financial services sector, with a strong focus on non-financial risk disciplines.</li> <li>Solid understanding of risk management frameworks (e.g., ISO 31000) and relevant regulatory requirements.</li> <li>King IV</li> <li>FSCA</li> <li>Prudential Authority Standard</li> <li>Proven experience in implementing risk policies, procedures, and controls within a complex organisational environment.</li> <li>Knowledge of insurance industry</li> </ul></div></div><div style="padding:10.0px 0.0px;border:1.0px solid transparent"><div style="font-size:16.0px;word-wrap:break-word"><H2 style="font-size:1.0em;margin:0.0px">Behavioural Competencies</H2> </div><ul style="margin-top:0.0;margin-bottom:0.0"><li>Earning Trust </li><li>Communication </li><li>Decision Making </li><li>Work Standards </li><li>Managing Work </li><li>Technical/Professional Knowledge and Skills </li></ul></div></div><p style="line-height:18.9px"><img alt="" height="228" src="https://rmkcdn.successfactors.com/dd82a348/61ad7a3f-eb85-4980-a04c-e.jpg" style="height:75.0px;width:600.0px" width="245"></p> <p style="line-height:18.9px">---------------------------------------------------------------------------------------</p> <p style="line-height:18.9px"><span style="color:#006341"><em><b>Please contact the Nedbank Recruiting Team at +27 860 555 566</b></em></span></p>