Business Information Security Officer (BISO)/Cluster Privacy

Job Description

Job PurposeTo develop and monitor the implementation of the Operational Risk Management Framework in Nedbank and its subsidiaries to comply to regulatory requirements and ensure alignment to international best practice.Job ResponsibilitiesDeliver on the Group Operational Risk Management (GORM) strategies and annual business plans aligned to regulatory requirements (BASEL, Banks Act) and take corrective action, where necessary.Provide input into the enhancement of the Operational Risk Management Framework (ORMF), methodologies, policies, processes.Improve the effectiveness and relevance of internal and external loss operational risk data.Review outcome of operational risk practices of stakeholders.Monitor and analyse major operational risk losses and control breakdowns.Identify regulatory changes and potential future operational risk impacts.Compile and/or provide input into internal operational risk reports and external disclosures.Engage with stakeholders to obtain an understanding of their operational risk practices to contract, manage and meet expectations.Develop and maintain partnerships with stakeholders to facilitate accomplishments of operational risk objectives.Become a trusted advisor to, and influence decision making of stakeholders by providing an advisory service, guidance and support on operational risk management practices.

Responsibilities + Skills


Advanced Diplomas/National 1st DegreesSharing information in different ways to increase internal stakeholders understandingWriting business proposalsCommunicating complex written information Interacting with regulatory and industry bodiesIdentifying trends


Job Summary

  • Published on: Monday, 13th September 2021
  • Designation: Business Information
  • industry: Finance
  • Vacancy: 1
  • Employment Status: Full-time
  • Job Location: Johannesburg
  • Salary: 0
  • Gender:
  • Application Deadline: Monday, 13th September 2021

About the Company

  • Company Name: Nedbank Recruiting.
  • Address:
  • Website:
  • Company Profile:
  • Staying abreast of the various IFRS 9 modelling methodologies across retail and wholesale productsContributing to development aspects of the loss forecasting and stress testing framework and keeping the framework up to date as the methodology evolvesConducting ad hoc analysis on IFRS 9 PD, EAD, LGD and Survival models, as well as overall impairment calculations, for retail as well wholesale-type portfoliosConducting independent credit risk stress testing related research and using it as input into proposals and strategiesEngaging with various stakeholders across the organisation (including risk and finance) to discuss methodological aspects, business assumptions and results from the loss forecasting work stream

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