Career Opportunities: Risk Officer: NAR (147383)
Risk, Audit and Compliance
Risk, Audit and Compliance
Job Classification
Career Stream
Enterprise Wide Risk Management
Leadership Pipeline
Manage Self: Professional
FAIS Affected
Job Purpose
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.
Job Responsibilities
Risk Management
- Implement and support the Enterprise-Wide Risk Management (EWRM) Strategy, Frameworks, policies, methodologies, and business plans.
- Monitor, assess, and report on EWRM risks, control effectiveness, loss events, and emerging risk trends.
- Identify regulatory changes and provide guidance on potential risk implications.
- Facilitate risk assessments, risk and control self-assessments (RCSAs), issue management, and risk reporting processes.
- Analyse operational risk incidents, control failures, and loss data, and recommend appropriate corrective actions.
- Provide risk advisory services and influence stakeholders to strengthen risk management practices.
- Support the alignment of risk management with the bank’s risk appetite, strategic objectives, and regulatory requirements.
Risk Reporting and Governance
- Maintain accurate risk records, loss event data, and key risk information within approved risk management systems.
- Prepare and submit risk reports, dashboards, committee packs, and governance documentation.
- Escalate significant risk issues and control weaknesses through established governance structures.
- Support Enterprise-Wide Risk Committee (ERCO) and other governance forums through reporting, analysis, and risk insights.
Stakeholder Engagement and Risk Advisory
- Build and maintain effective relationships with business units, regulators, assurance providers, and key stakeholders.
- Provide subject matter expertise, guidance, training, and support on operational and credit risk matters.
- Collaborate with stakeholders to implement risk mitigation initiatives, regulatory requirements, and best practices.
- Act as a trusted advisor on risk-related projects, initiatives, and business change programmes.
Projects and Change Management
- Participate in Bank’s projects, system implementations, change initiatives, user acceptance testing, and post-implementation reviews.
- Contribute to process improvement initiatives that enhance efficiency, control effectiveness, and regulatory compliance.
Risk Culture and Training
- Promote a strong risk and conduct culture across the Bank.
- Deliver and support EWRM risk awareness, training, and capability-building initiatives.
- Contribute to the Bank transformation and culture programmes.
People Specification
Preferred Qualification
Bachelor of Economics, Bachelor’s Degree in Risk Management, Bachelor’s Degree in Statistics, Bachelor’s Degree in Business Management, Bachelor of Commerce: Accounting , Bachelor of Commerce, other Related fields.
Essential Certifications
- Relevant professional bodies (SAICA, CISA, IRMSA, EISA, SAIFM)
Essential Qualifications – NQF Level
- Professional Qualifications/Honour’s Degree
- Advanced Diplomas/National 1st Degrees
Preferred Certifications
FRM, CAIA, CFA and Other Risk Management Certifications.
Minimum Experience Level
3 years Risk Management Experience and/or 3 years Banking/Finance/Regulatory experience
Technical / Professional Knowledge
- Cluster specific operations
- Communication Strategies
- Data analysis
- Governance, Risk and Controls
- Principles of Financial Management
- Principles of project management
- Relevant software and systems knowledge
- Research methodology
- Decision-making process
Behavioural Competencies
- Earning Trust
- Communication
- Decision Making
- Work Standards
- Managing Work
- Technical/Professional Knowledge and Skills
Closing Date: 23rd September 2026