Senior Risk Manager at Nedbank

Job Purpose

• To ensure that the Group Risk Framework is embedded; operationalised and implemented within the business and provide advice and guidance to mitigate business risks and ensure that regulatory requirements are met.

Job Responsibilities
Policy & Framework Management

• Embedment of Nedbank Group, and specifically, ESG Policies and frameworks within the cluster, through active participation in and Risk representation in steering committees.
• Maintaining and interpreting risk and compliance policies, including climate risk frameworks.
• Operationalise the Nedbank Group, and specifically the ESG Frameworks by ensuring that cluster level governance structures and charters are implemented; ensuring adequate risk reports generated; risk meetings held and ESG processes & strategy are aligned with group.

Risk Oversight

• Monitoring adherence to Nedbank Group, specifically ESG risk frameworks, regulatory requirements, and governance standards.
• Climate risk oversight and gap analysis for regulatory compliance and policy conformance.
• Ensure the business fully complies with ESG risk standards by revising cluster and risk process guidelines.
• Mitigate ESG risk by providing business with relevant information; guidance and advice based on regulatory standards; compliance and audit findings. Ensure improvements on identified risks by engaging with business; understanding risks and by creating action plans.

Advisory & Challenge

• Advisory on risk frameworks related to sustainability and SARB requirements.
• Acting as a critical challenger to business decisions, embedding risk considerations in processes and ensuring alignment of strategy to Nedbank’s environmental and sustainability targets.
• Evaluate and analyse relevant audit findings and management improvement comments; by assessing whether actions will result in improvement and by making recommendations.
• Obtain buy-in for developing new and/or enhanced processes (e.g. operational processes) that will improve the functioning of stakeholders’ businesses by highlighting benefits in support of the implementation of recommendations.

Monitoring & Reporting

• Monitoring and reporting progress on climate risk initiatives.

Reporting & Escalation

• Preparing risk reports for senior management and escalating significant issues promptly.

Regulatory Enablement

• Coordinating responses and gap analyses for regulatory bodies (e.g., SARB climate risk requirements).

Awareness & Capability Building

• Driving risk awareness initiatives and supporting training across business units.

Management Oversight

• Accountable for tracking the performance and conformance of the team to SEMS process SLAs by streamlining processes and creating efficiencies.
• Improve work processes; productivity and reduce costs by offering innovative ideas and input to Group and/or business stakeholders and through soliciting input from managers and colleagues.

Foster Healthy Risk Culture and forge business and stakeholder relationships

• Build relationships; by reporting risk issues and by providing risk related information to strategic committees; as per the Group Risk Framework.

Foster Healthy Risk Culture and forge business and stakeholder relationships

• Build long-term relationships and support stakeholders in reaching business objectives by keeping abreast of and sharing industry information with stakeholders.

Manage Personal Growth and Knowledge

• Keep abreast of industry changes and legislative changes that impacts on role by reading the relevant newsletters, websites and attending sessions.

Embody the Nedbank values

• Contribute to a culture conducive to the achievement of transformation goals (targets) and support business strategies that improve corporate image by participating in Nedbank Culture building initiatives (e.g. Surveys etc.).
• Achieve business strategy by participating and encouraging others to participate in and support corporate social responsibility initiatives.
• Foster transformation of the workplace and support Nedbank achievement of the BEE initiatives and transformation targets; by contributing to an environment where diversity is valued.
• Foster transformation of the workplace and support Nedbank achievement of the BEE initiatives and transformation targets; by contributing to an environment where diversity is valued.

Essential Qualifications – NQF Level

• Advanced Diplomas/National 1st Degrees

Preferred Qualification

• Environmental/Sustainability related, LLB, Commerce (B.Comm), BSc or similar

Preferred Certifications

• Sustainability and Climate Risk (SCR®) Certificate (or similar)

Minimum Experience Level

• 3+ years experience in ESG Risk Management
• Hands-on experience in ESG risk management within banking or financial services.
• Proven ability to embed ESG frameworks and conduct climate risk gap analyses.
• Strong understanding of regulatory requirements, including SARB climate risk guidelines.
• Skilled in preparing and presenting ESG risk reports to senior stakeholders, including Group Risk and Board Committees.
• Demonstrated capability in aligning ESG strategy with governance structures and business objectives.
• Comfortable working independently in a fast-paced, collaborative environment.
• Experience in driving ESG awareness and capability building across teams.

Technical / Professional Knowledge

• Banking knowledge
• Business Acumen
• Data analysis
• Governance, Risk and Controls
• Industry trends
• Principles of project management
• Relevant regulatory knowledge
• Business writing skills