Chief Risk Officer Job Vacancy in Mufulira, Zambia – Banking & Financial Services

Job Description

Position:Chief Risk Officer

Company:Barclays Bank Zambia

Location:Mufulira, Zambia

Experience:10+ years in risk management, preferably in banking

Education:Master’s degree in Finance, Risk Management, or related field

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Risk Management

Salary:SSP 1,200,000 – SSP 1,800,000 per annum

Vacancies:1

Company Overview

Barclays Bank Zambia is a leading international financial institution with a strong legacy of delivering innovative banking solutions across Africa. Established in Zambia over three decades ago, Barclays has built a reputation for financial stability, customer‑centric services, and a commitment to sustainable economic development. The bank’s operations span retail banking, corporate finance, wealth management, and digital banking platforms, serving individuals, SMEs, and large enterprises. With a focus on inclusive growth, Barclays actively supports community initiatives, financial literacy programs, and green financing projects throughout the country. As part of its strategic expansion, the bank is strengthening its risk management capabilities to safeguard assets, ensure regulatory compliance, and support long‑term profitability. This creates a compelling career pathway for professionals seeking to influence the future of banking in Zambia and the broader region. Zambia Jobs, Jobs in Zambia, and Career Opportunities in Zambia are at the heart of Barclays’ talent acquisition strategy.

Job Overview

The Chief Risk Officer (CRO) will lead the enterprise risk management function, reporting directly to the Managing Director and the Board’s Risk Committee. The CRO is responsible for developing, implementing, and overseeing a comprehensive risk framework that identifies, assesses, monitors, and mitigates risks across credit, market, operational, liquidity, and compliance domains. This senior role requires strategic vision, strong analytical capabilities, and the ability to influence senior stakeholders to embed risk‑aware decision making throughout the organization. The CRO will also champion the integration of advanced risk analytics, stress testing, and regulatory reporting tools to enhance the bank’s resilience. For more information about the banking sector in Zambia, visit https://zambiajobssearch.com.

Key Responsibilities

• Design and maintain an enterprise‑wide risk management framework aligned with Basel III, local regulatory requirements, and international best practices.
• Lead the identification, measurement, and monitoring of credit, market, operational, and liquidity risks, ensuring timely reporting to senior management and the Board.
• Develop and implement risk appetite statements, limits, and escalation procedures.
• Oversee the preparation of regulatory risk reports, stress‑testing exercises, and capital adequacy assessments.
• Collaborate with business units to embed risk controls into product development, lending processes, and digital banking initiatives.
• Provide strategic guidance on emerging risks such as cyber threats, climate‑related financial risks, and fintech disruptions.
• Mentor and develop a high‑performing risk management team, fostering a culture of continuous improvement and ethical conduct.
• Represent the bank in interactions with the Bank of Zambia, external auditors, and rating agencies.

Required Skills

• Deep expertise in enterprise risk management, preferably within a banking environment.
• Strong knowledge of Basel III, IFRS 9, and local banking regulations.
• Proficiency in risk analytics tools, statistical modeling, and data visualization software.
• Exceptional leadership, communication, and stakeholder management abilities.
• Strategic thinking with a track record of influencing board‑level decisions.
• Ability to navigate complex regulatory landscapes and drive compliance initiatives.

Education

A Master’s degree in Finance, Risk Management, Economics, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), or CFA are highly desirable and demonstrate a commitment to the highest standards of risk expertise.

Experience

The successful candidate will have a minimum of ten years of progressive experience in risk management, with at least five years in a senior leadership role within a commercial bank or a large financial institution. Demonstrated experience in leading cross‑functional risk projects, implementing risk technology platforms, and managing regulatory examinations is essential.

Salary

The remuneration package is competitive within the Zambian banking sector, ranging from SSP 1,200,000 to SSP 1,800,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, pension contributions, and other statutory benefits.

Benefits

• Comprehensive health insurance for employee and dependents.
• Retirement savings plan with employer matching.
• Annual performance bonus linked to risk management outcomes.
• Professional development allowance for certifications and conferences.
• Flexible working arrangements and paid parental leave.

Training

• On‑boarding program covering Barclays’ risk policies, systems, and corporate culture.
• Continuous learning opportunities through internal risk academies and external workshops.
• Access to global risk management forums and peer networks.

Working Environment

Barclays Bank Zambia offers a collaborative, inclusive, and technology‑driven workplace located in the heart of Mufulira’s business district. Employees benefit from modern office facilities, secure digital platforms, and a culture that values diversity, integrity, and innovation. The bank’s commitment to sustainability and community development creates a purpose‑filled environment where staff can make a tangible impact. For insights into regional job markets, explore https://kenyajobsearch.com/.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online portal on the Barclays careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a series of interviews, including a technical assessment and a leadership panel. For additional guidance on applying for finance roles across Africa, visit https://cameroonjobsearch.com/.

Equal Opportunity Statement

Barclays Bank Zambia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, age, disability, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.