Nengola to head Balance Sheet Management at Nedbank
Nedbank Namibia recently appointed Taleni Nengola as Head of Balance Sheet Management. Nengola holds a Bachelor of Commerce Degree in Accounting and a Post Graduate Diploma in Accounting (DipAcc), from Rhodes University.
She has seven years of experience in the financial industry across the fields of auditing and financial reporting. Nengola joined Nedbank Namibia in 2018 as the Regulatory Manager. In 2020, she earned a promotion to Finance Manager and held that position until her latest advancement as Head of Balance Sheet Management.
Through her rise in leadership roles, Nengola has identified characteristics she values in herself and others that are key to achieving success in the finance industry.
“There is no substitute for hard work and being prepared, she shares. “I have also experienced that it is difficult to teach someone how to have a positive attitude, but if they do have that, there is nothing they cannot learn.”
As the new Head of Balance Sheet Management, Nengola leads a team of four and is responsible for ensuring strategic balance sheet management, in addition to monitoring liquidity risk, capital management, interest rate risk in the banking book, and foreign exchange risk.
Her team fulfils the regulatory reporting function within the Nedbank Namibia Finance Department, which involves compiling regulatory submissions as well as ensuring compliance with regulatory and legislative requirements.
Nengola wants to optimize the talents of her new team in service of achieving their aligned business goals and believes every team member brings a unique strength to the table. “As a leader, I try to identify these strengths and learn as much as I can about my team. It is important to me that they also feel valued by the department and Nedbank Namibia as a whole,” she said.
In her new role, she aims to maintain authenticity as a leader, noting that, “it is the sweet spot where your core values align with what you do. I am driven to continue building a career where that is the case because it will push me to show up fully every day.”
Nengola said her motivations to join the finance industry originated in its innovative nature and the vast opportunities for growth offered by the industry. The changing landscape of the Namibian finance industry also excites her, especially the gender-representative appointments made at the top level.
“I am very inspired by the fact that four of the top five commercial banks in Namibia are led by female managing directors at the moment, and we also have a woman as Deputy Governor at the Bank of Namibia for the first time in our country’s history.”
She cautions, however, that we cannot become complacent, noting that although it shows how Namibia continues to gain significant ground in addressing gender inequality in the workplace, there is still a long way to go in achieving this worldwide.
According to The World’s Women 2020, published by the United Nations Department of Economic and Social Affairs, women held only 28% of managerial positions globally in 2019—nearly the same proportion as in 1995. Furthermore, she adds, “Only 18% of enterprises surveyed had a female Chief Executive Officer in 2020.”
Navigating leadership during the COVID-19 pandemic has caused Nengola to self-reflect on the meaning of work. She advises that despite several damaging socio-economic effects, the pandemic presented an opportunity for all to interrogate their careers and themselves.
“Do less of what brings you little or no joy, and more of what lights you up. You have to take good care of your body and mind.”
Her promotion is a step towards her becoming an industry leader in financial services and building a lasting legacy. “I still have a way to go in terms of discovering my purpose, but as world-renowned Bishop TD Jakes teaches that if something is not that thing, it may be the thing that leads to that thing,” Nengola concluded.
Taleni Nengola was recently appointed the Head of Balance Sheet Management at Nedbank Namibia.