Risk and balance sheet management
Nedbank Group has a strong
risk culture and follows
worldclass enterprisewide risk
management, which aligns
strategy, policies, people,
processes, technology and
business intelligence in order
to evaluate, manage and
optimise the opportunities,
threats and uncertainties the
group may face in its ongoing
efforts to maximise sustainable
BACKGROUND TO RISK AND BALANCE SHEET MANAGEMENT IN NEDBANK*
Enterprisewide Risk Management (ERM) integrates risk, finance and balance sheet management across the group’s risk universe, including business units and operating divisions, geographical locations and legal entities.
Against this backdrop, all risks – including those associated with sustainability – are managed according to a ‘three lines of defence’ governance model. It is Nedbank Group’s view that a strong risk governance process is the foundation for successful risk management and balance sheet management, which is why this model represents the core of the business’s Enterprisewide Risk Management Framework (ERMF). The ERMF places emphasis on accountability, responsibility, independence, reporting, communications and transparency, and comprises 17 key risk categories that are managed, monitored, measured and reported on by the first, second and third line-of-defence functions across the group.
to read the full Risk and balance sheet management review in the 2012 Nedbank Group Annual Report.