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Analyst : Business risk and Risk Appetite

Employer
Nedbank
Location
Johannesburg Johannesburg Gauteng, South Africa
Salary
Competitive
Closing date
May 31, 2024

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Requisition Details & Talent Acquisition Contact

REQ 133905- Tshego Semenya

Location: Johannesburg

Closing date: 30 May 2024

Cluster

Group Risk

Career Stream

Regulatory Compliance

Leadership Pipeline

Manage Self: Technical

Position

Analyst : Business risk and Risk Appetite

Job Purpose

To provide expertise; advice; assistance; consultancy services and general support required by Nedbank for all risk appetite and business risk (including country/geopolitical risk) matters.

Job Responsibilities

  • Keep an updated inventory of all risk appetite statements' measurement and targets as well as target breaches
  • Participate in all aspects of the annual risk appetite update process, including development of the qualitative components, quantitative targets and limits and associated risk appetite statements
  • Review risk appetite limit and target breaches and breach limitation plans to ensure compliance with requirements outlined in the risk appetite policy and work closely with business and risk owners to address any issues
  • Support to execute and mature the risk appetite program including annual target and limit setting, monitoring and breach escalations
  • Produce required risk appetite and strategic risk reporting
  • Contribute to the ICAAP and Pillar 3 reports
  • Manage stakeholder expectations by providing management information; risk analytics; insights and strategic motivation resulting in the optimal management of these risk disciplines.
  • Research and provide training to staff on business risk (including country/geopolitical risks) and risk appetite.
  • Provide insights and recommendations on key industry trends (financial and non-financial) and link to Group strategic objectives.
  • Provide insights and recommendations on business risk (including country/geopolitical risk) matters relevant to the Group.
  • Optimise the risk management performance of Nedbank Cluster by assisting business to identify; recommend (through reporting; insights and risk analytics) and execute risk management strategies within the Group's defined risk appetite.
  • Report on the risk management process by generating and presenting risk reports to senior management and executives.


Minimum Experience Level

  • 2-5 years relevant experience in Risk Management, Business Risk Management, Risk Appetite, Enterprise-wide Risk Management (preferably in banking).
  • Experience Researching and providing advice to business on risk.


Essential Qualifications - NQF Level

  • Advanced Diplomas/National 1st Degrees


Preferred Qualification

  • Bachelor of Commerce: Business Management or BCom


Essential Certifications

  • Institute of Risk Management of South Africa (IRMSA) and/or similar
  • FRM (Financial Risk Management)


Technical / Professional Knowledge

  • Business Acumen
  • Data analysis
  • Nedbank policies and procedures
  • Nedbank vision and strategy
  • Relevant regulatory knowledge
  • Relevant software and systems knowledge
  • System development
  • Business writing skills
  • Database Knowledge
  • Technical System Interfaces


Disclaimer

Preference will be given to candidates from the underrepresented groups

Please contact the Nedbank Recruiting Team at +27 860 555 566

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Please contact the Nedbank Recruiting Team at +27 860 555 566

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