Senior Risk Manager: Subsidiary Governance and Strategic Initiatives

Johannesburg, South AfricaFull-timeSeniorOn-sitePosted 27 Oct 2026

Job Overview

Nedbank is appointing a Senior Risk Manager: Subsidiary Governance and Strategic Initiatives in Johannesburg (requisition 148318; Business and Commercial Banking – Risk, Audit and Compliance; Enterprise Wide Risk Management career stream; reporting to the Head of ERM: Product Design and Innovation Banking; posted 26 October 2026; closing 4 November 2026). The role provides independent risk oversight, governance and strategic risk advisory across business subsidiaries, joint ventures, associates and strategic investments, ensuring the Group Risk Framework, policies, standards and minimum control requirements are appropriately adopted and embedded.

As primary risk partner to assigned subsidiaries and strategic investments, the incumbent supports Boards, Risk Committees and Exco forums with risk reporting and challenge, runs policy adoption roadmaps and gap assessments, maintains subsidiary risk profiles across strategic, operational, financial, regulatory, technology, conduct, sustainability and financial-crime risk, and leads risk due diligence on acquisitions, disposals, partnerships and strategic transactions – including post-acquisition risk integration planning.

Key Responsibilities

Serve as primary risk partner to assigned subsidiaries, joint ventures, associates and strategic investments
Assess and monitor subsidiary compliance with Group governance frameworks, policies, standards and risk appetite
Support Boards, Risk Committees, Exco and management forums with risk reporting, challenge and advisory
Maintain subsidiary policy-adoption roadmaps; facilitate gap assessments, remediation plans and dispensation tracking
Develop and refresh subsidiary risk profiles; identify emerging, concentration and control-weakness risks
Conduct risk reviews of new products, strategic initiatives, outsourcing, partnerships and operating-model changes
Develop annual and multi-year risk plans and track remediation of material findings
Lead risk due diligence for acquisitions, disposals, partnerships and investments; prepare risk opinions for transaction approval
Identify integration risks and support post-acquisition risk integration planning

Required Qualifications

Matric plus Advanced Diploma or first degree; postgraduate degree in Risk Management, LLB or CA(SA) preferred
Minimum 5 years in a risk and/or compliance management role in banking or financial services
Strong knowledge of governance, risk and controls and relevant banking regulation
Experience supporting boards/risk committees and conducting risk due diligence on strategic transactions advantageous
Data analysis, business writing, project-management and influencing skills

Skills & Requirements

Enterprise Risk ManagementSubsidiary GovernanceRisk AppetiteGovernance Risk & ControlsRisk Due DiligenceM&A Risk IntegrationPolicy Gap AssessmentBoard & Committee ReportingOperational RiskRegulatory ComplianceThird-Party RiskStakeholder Influencing