Head: Governance

Job Classification

Job Requisition: 141520
TA Specialist: Refilwe Falatsi
Closing Date: 30 September 2025
Location: 135 Rivonia Campus, Sandown
Cluster: Personal and Private Banking | Nedbank Insurance
Please Note: Preference will be given to applicants from Underrepresented Groups

Job Purpose

To manage the Governance Function in Nedbank Insurance by delivering an effective risk and compliance management capability, facilitating the embedding of the Enterprise Wide Risk Management Framework (ERMF) into business processes in the second line of defence and managing the risk communication & awareness function ensuring appropriate assurance, operationalise the requirements of ERMF, resulting in adherence to legislative and regulatory requirements to prevent exposure to regulatory or reputational risk; in line with Nedbanks business strategy.

Job Responsibilities

Effectively oversee the Risk Self Control Assessment (RSCA) methodology for the Nedbank Insurance business
Responsible for the effective functioning of the Enterprise Risk Committee (ERCO)
Oversee the effective implementation of all Group, Cluster and business frameworks (risk management, compliance, integrated assurance)
Provide assurance, adequate reporting and insights to the Nedbank Insurance Risk Audit Actuarial Compliance (RAAC) Committee addressing all governance related topics
Consider innovative opportunities to enhance the governance function and approach
Manage, collaborate and contribute to the production of the annual Own Risk Solvency Assessment (ORSA) for Nedbank Insurance. Also, provide input and assurance for the Group ICAAP submission
Ensure business, stakeholder & regulator needs are met and understood through regular meetings and engagements
Adequately review all compliance requirements including control activities, to provide assurance to business, ERCO, Cluster ERCO and RAAC
Maintain an effective and relevant compliance plan considering the compliance strategic approach
Manage the production of a combined assurance plan by considering all assurance providers
Responsible for the Combined Assurance Forum
Responsible for the Actuarial Control Committee (ACC) functioning effectively and appropriately managing Insurance Risk
Enable business to embed Enterprise Risk Management Framework (ERMF) requirements.
Improve the existing risk management processes and practices
Ensure all audit findings are implemented effective and timeously
Facilitate risk monitoring and risk improvement, monitoring, tracking and identifying key risk factors and ensuring regulatory compliance
Contribute to business performance optimisation by elevating risk management to world class standards
Facilitating implementation of risk management system across Functional Areas in conjunction with risk champions and Functional Areas heads
Demonstrate Leadership capabilities that support the Nedbank Insurance strategy, vision and purpose
Understand and embrace the Nedbank Insurance vision and demonstrate the values through interaction with team and stakeholders; to achieve goals and objectives
Identify training courses and career progression opportunities for self with input from management; to improve personal capability and to stay abreast of developments in field of expertise
Ensure all learning activities are completed; experience gained and certifications obtained within specified time frames to support personal growth and enable effectiveness in performance of roles and responsibilities
Ensure relevant, accurate and timeous reporting to identified stakeholders and committees
Build trusting working relationships
Participate in the development and implementation of action plans to address issues raised in culture surveys to improve results. Create a positive risk culture
Support Personal & Private Banking Risk & Compliance in achieving its objectives
Manage performance of staff by implementing performance agreements and ensuring a clear vision. Mentor and coach staff on identified performance gaps
Motivate staff to perform and contribute to the success of the business by encouraging participation in decision making processes.

People Specification

Essential Qualifications - NQF Level

Honours Degree: Commerce, Actuarial, Business Management, Risk Management

Preferred Qualification

Masters or doctorate degree, qualified actuary, chartered accountant

Preferred Certifications

Relevant professional bodies (SAICA, CISA, IRMSA, EISA, SAIFM)

Minimum Experience Level

8 to 10 years job related experience in the Insurance industry, at least 3 years Senior Management experience.

An actuarial background will also be a strong advantage.

Technical / Professional Knowledge