Job Classification
* Job Requisition: 143389
* TA Specialist: Refilwe Falatsi
* Closing Date: 16 January 2026
* Location: 135 Rivonia Campus, Sandton
* Cluster: Personal and Private Banking | Nedbank Insurance | Risk
* Please Note: Preference will be given to applicants from Underrepresented Groups Job Family Risk, Audit and Compliance Career Stream Enterprise Wide Risk Management Leadership Pipeline Manage Self: Professional FAIS Affected Job Purpose Nedbank Insurance is seeking a highly skilled and experienced Risk Manager to provide strategic and operational expertise, advice, assistance, consultancy services and general support for all risk-related matters to the Insurance Executive and Head of Governance.  The successful candidate will play a critical role in advising the Executive on the effective management of non-financial risks across the insurance division (i.e. including, but not limited to Operational Risk, Strategic Risk, Reputational Risk, Compliance & Regulatory Risk, Conduct Risk, Technology and Digital Risk, Cyber Risk, Data Risk, Sustainability (ESG) Risk, and excluding Liquidity & Funding Risk, Insurance Risk, Capital Risk, Credit Risk, and Market Risk. Job Responsibilities •    Support the Insurance Executive and Head of Governance in embedding a robust risk management culture within the business. •    Manage the implementation and influence improvement of risk frameworks, policies, and processes aligned with Nedbank’s risk frameworks and regulatory requirements, including insurance industry requirements. •    Develop Risk Management Implementation Plans that encompass all risk deliverables, to support the business strategy. •    Facilitate the development and annual review of risk appetite statements and metrics across the applicable risk universe. •    Lead risk assessments and scenario analyses, and Key Risk Indicator (KRI) development to ensure proactive risk identification and mitigation of both threat risk and opportunity risk. •    Conduct monitoring and control effectiveness reviews (assurance). •    Prepare and present risk reports, dashboards, and analysis to executive management, risk committees, and relevant stakeholders. •    Monitor regulatory changes and emerging risks and ensure timely communication and adaptation within the insurance business. •    Develop and manage the Risk Change Management, Communication and Training Plan.  •    Engage with internal and external auditors, regulators, cluster risk specialists and other assurance providers, as required. •    People management: Manage team of Risk Officers responsible for the implementation of risk requirements in the business. •    Contribute to a culture conducive to the achievement of transformation goals. People Specification Essential Qualifications - NQF Level
* Advanced Diplomas/National 1st Degrees Preferred Qualification Bachelor’s degree in Risk Management, Business Administration, Finance/ Commerce, or a related field.  Postgraduate qualification in Risk Management or relevant professional certification preferred. Essential Certifications
* Compliance Institute of South Africa (CISA) Institute of Risk Management of South Africa (IRMSA) and/or similar Minimum Experience Level
* Minimum of 7 years’ relevant experience in risk management within the financial services sector, including the insurance industry, with at least 3 years at a senior level.
* In-depth knowledge of non-financial risk types, risk frameworks, guidelines and standards (e.g., ISO 31000), and regulatory requirements applicable to insurance businesses.   
* Proven track record in leading risk management projects, influencing senior stakeholders, and driving risk culture initiatives.
* Experience with risk management systems and reporting tools. Technical / Professional Knowledge
* Banking knowledge
* Industry trends
* Relevant regulatory knowledge
* Risk management process and frameworks
* Business writing skills
* Business Acumen
* Risk Management
* Principles of Programme Management Behavioural Competencies
* Applied Learning
* Coaching
* Communication
* Customer Focus
* Decision Making
* Influencing
* Quality Orientation
* Technical/Professional Knowledge and Skills