We have an opportunity for a Risk Specialist to join our Isle of Man Team on a 12 month limited term basis.

Who We Are

Nedbank Private Wealth is a multi-award-winning private bank and wealth manager headquartered in the Isle of Man, with branches in London, Jersey and a representative office in the UAE. The company provides a full international wealth management offering through its wealth planning, investment management, and banking services, to both business and private clients worldwide.

All our people are expected to consistently demonstrate our 6Cs, **Collaboration, Curiosity, Courage, Client Impact, Can Do Attitude and Completeness.**​

Job Purpose

The role holder will be responsible for supporting the Head of Risk in the strategic and day-to-day management of the of the NPWL Enterprise Wide Risk Management Framework by driving the delivery of the range of risk related tasks within agreed timeframes.  Support the Risk function and ensure client service excellence is delivered to internal and external stakeholders.​

Responsibilities & Duties

​Enterprise-Wide Risk Management

• Help drive organisational development in risk culture and awareness and the embed this into the business
• Assist in implementation and maintenance of the Nedbank Group EMRF.
• Contribute to the identification and analysis of emerging macro-economic risks that could impact the business
• Assist senior management with risk identification, management, monitoring, reporting of enterprise-wide risk
• Liaise with stakeholders from across the business to ensure that both strategic and operational risks and controls are registered and documented within the appropriate business area
• Assist in maintaining the strategic risk register whilst documenting any key risks with appropriate evidence and controls

​Operational Risk Management

• Ensure the identification, communication, measurement, and management of company-wide operational risk, through the maintenance of an effective Risk Control and Self-Assessment process
• Provide challenge to the 1st Line of Defence (‘LoD’) through the RCSA process to assist in identifying control weaknesses and ensure timely reporting and corrective actions undertaken
• Responsible for leading the maintenance and development NPWL’s risk-based approach to third-party risk management, from full regulatory outsource arrangements to non-material vendors
• Provide leadership and oversight of the risk incident reporting process, including root cause analysis, and where required provide lead on the management of major risk event responses
• Provide the lead on the appropriate reporting of operational risk incidents, including near misses to the relevant internal governance committees

Assurance

• Along with the rest of the risk function ensure delivery of the annual risk-based assurance programme to test the control environment and provide assurance to the Board and senior management that the key control framework is being reviewed in an effective manner
• ​Track all identified findings and their related management actions through to closure

Governance Reporting

• Responsibility to deliver on of the range of internal governance committees with clear, proportionate visibility of identified risks and any risk mitigation or improvement plans in place to ensure effective governance reporting and decision making

Business Support

• Act as an expert sounding board for the business on risk related matters, whilst providing appropriate challenge to first line risk management functions where necessary
• Act as point of referral for all risk matters including collaboration efforts where required and establish and maintain working relationships with relevant stakeholders
• ​Assist in ad-hoc operational project work as assigned, to support and promote current and future risk and business objectives and development with an active view to process improvement
• Providing any ad-hoc support or assistance to other roles across the Enterprise Risk Management team as deemed necessary

• At least 5 years’ experience in a financial services environment
• At least 3 years’ experience of working in a risk or compliance environment
• Knowledge of banking operations, both technical and operational
• Good knowledge and understanding of regulatory requirements in relation to risk management

• A professional risk or compliance qualification would be desirable