Credit Risk Analyst Job Vacancy in Mongu, Zambia – Banking & Financial Services
Job Description
Position:Credit Risk Analyst
Company:Ecobank Zambia
Location:Mongu, Zambia
Experience:5+ years in credit risk analysis, preferably within banking sector
Education:Bachelor’s degree in Finance, Economics, Accounting or related field
Employment Type:Full-time
Industry:Banking & Financial Services
Department:Risk Management
Salary:SSP 150,000 – 250,000 per month
Vacancies:1
Company Overview
Ecobank Zambia is a leading pan-African banking institution with a strong presence across the continent. Established in Zambia in 2008, Ecobank offers a comprehensive suite of retail, corporate, and investment banking services tailored to the needs of individuals, SMEs, and large enterprises. With a commitment to financial inclusion, innovation, and sustainable growth, Ecobank Zambia has become a trusted partner for businesses and consumers alike. The bank’s robust risk management framework, cutting‑edge digital platforms, and customer‑centric culture make it an attractive employer for professionals seeking dynamic career opportunities in Zambia. As part of the wider Ecobank Group, the Mongu branch plays a pivotal role in expanding financial services to the Western Province, supporting local economic development and creating jobs. This is an excellent opportunity for a seasoned Credit Risk Analyst to contribute to the bank’s mission of delivering secure, reliable, and innovative banking solutions while advancing their own career in a supportive environment.
Job Overview
The Credit Risk Analyst will be responsible for assessing the creditworthiness of corporate and individual loan applicants, monitoring existing credit portfolios, and providing actionable insights to senior management. This role is central to maintaining the bank’s asset quality and ensuring compliance with regulatory standards. The analyst will work closely with relationship managers, underwriting teams, and the broader risk department to develop risk‑adjusted pricing models, conduct stress testing, and support the implementation of risk mitigation strategies. By leveraging advanced analytics and a deep understanding of the Zambian financial landscape, the successful candidate will help Ecobank Zambia sustain its growth trajectory while safeguarding its financial stability. This position offers exposure to a wide range of credit products, including trade finance, SME loans, and large corporate facilities, making it a highly rewarding role for professionals passionate about risk management and banking excellence.
Key Responsibilities
- Conduct thorough credit assessments for loan proposals, including financial statement analysis, cash flow modeling, and industry risk evaluation.
- Prepare detailed credit memorandums and present findings to the Credit Committee for approval.
- Monitor and review the performance of existing credit exposures, identifying early warning signs and recommending corrective actions.
- Develop and maintain credit risk rating models, ensuring they reflect current market conditions and regulatory requirements.
- Collaborate with relationship managers to structure loan terms that balance client needs with the bank’s risk appetite.
- Perform periodic stress testing and scenario analysis to gauge portfolio resilience under adverse economic conditions.
- Assist in the preparation of regulatory reports and internal risk dashboards.
- Stay updated on macro‑economic trends, sectoral developments, and changes in Zambian banking regulations that may impact credit risk.
Required Skills
- Strong analytical and quantitative abilities with proficiency in Excel, VBA, and statistical software (e.g., SAS, R, or Python).
- In‑depth knowledge of credit risk assessment methodologies and Basel III/IV guidelines.
- Excellent written and verbal communication skills for preparing reports and presenting to senior stakeholders.
- Ability to work independently and as part of a cross‑functional team in a fast‑paced environment.
- High attention to detail and strong problem‑solving mindset.
- Familiarity with Zambian banking products and regulatory environment.
Education
A Bachelor’s degree in Finance, Economics, Accounting, Business Administration, or a related discipline is required. Professional certifications such as CFA, FRM, or CPA are highly desirable and will be considered an advantage during the selection process.
Experience
Minimum of five (5) years of experience in credit risk analysis, underwriting, or a related function within a reputable bank or financial institution. Experience in the Zambian market or with African emerging economies is preferred.
Salary
The successful candidate will receive a competitive monthly salary ranging from SSP 150,000 to SSP 250,000, commensurate with experience and qualifications. Performance‑based bonuses and other incentives are also part of the total remuneration package.
Benefits
- Comprehensive health insurance covering medical, dental, and vision.
- Retirement savings plan with employer contributions.
- Paid annual leave, sick leave, and public holidays.
- Professional development allowance for certifications and training.
- Employee assistance program and wellness initiatives.
Training
- On‑boarding program covering Ecobank’s risk framework, systems, and compliance policies.
- Continuous learning opportunities through internal workshops, webinars, and external courses.
- Mentorship from senior risk officers and access to a global network of risk professionals.
Working Environment
Ecobank Zambia offers a collaborative, inclusive, and technology‑driven workplace. The Mongu branch features modern office facilities, flexible working arrangements, and a culture that encourages innovation and continuous improvement. Employees are empowered to take ownership of their projects and contribute ideas that shape the bank’s future.
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Application Process
Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the Ecobank careers portal. Applications will be screened by the Talent Acquisition team, followed by a preliminary interview, technical assessment, and final interview with the Head of Risk Management. Shortlisted candidates will be notified via email within two weeks of submission.
Equal Opportunity Statement
Ecobank 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.
