Risk Management Analyst Job Vacancy in Mongu, Zambia – Banking & Financial Services

Job Description

Position: Risk Management Analyst

Company: Barclays Bank Zambia

Location: Mongu, Zambia

Experience: 3-5 years

Education: Bachelor’s degree in Finance, Economics, or related field

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: SSP 150,000 – SSP 250,000 per month

Vacancies:1

Company Overview

Barclays Bank Zambia is a leading financial institution delivering innovative banking solutions across the nation. With a strong commitment to financial inclusion, the bank supports individuals, SMEs, and large corporations, fostering economic growth and stability. As part of a global brand, Barclays brings world‑class risk management practices to Zambia, ensuring robust governance and sustainable operations. The bank’s presence in Mongu reflects its dedication to serving the Western Province, creating local employment and contributing to community development. This role offers a unique chance to join a dynamic team that values integrity, analytical excellence, and proactive risk mitigation, making it an attractive career step for professionals seeking impactful work in the banking sector.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and monitoring financial risks that could affect Barclays Bank Zambia’s portfolio and operations. Working closely with senior risk officers, the analyst will develop risk models, conduct stress testing, and prepare comprehensive reports for senior management and regulators. This position supports the bank’s strategic objectives by ensuring that risk exposures are understood and managed effectively, aligning with both local regulatory requirements and international best practices. For more information about our commitment to career growth, visit our career portal. This role is a key component of our broader effort to attract top talent and reinforce our reputation as a premier employer in Zambia.

Key Responsibilities

• Analyze credit, market, and operational risk data to identify emerging trends and potential threats.
• Develop and maintain quantitative risk models, including Value at Risk (VaR) and credit scoring tools.
• Conduct regular stress testing and scenario analysis to evaluate the impact of adverse economic conditions.
• Prepare detailed risk assessment reports for senior management, the Board of Directors, and regulatory bodies.
• Collaborate with business units to embed risk considerations into product development and lending decisions.
• Monitor compliance with Basel III and local banking regulations, ensuring timely remediation of identified gaps.
• Assist in the development of risk policies, procedures, and governance frameworks.
• Support the implementation of risk management software and data analytics platforms.

Required Skills

• Strong analytical and quantitative abilities with proficiency in statistical software (e.g., SAS, R, Python).
• In‑depth knowledge of banking risk concepts, including credit risk, market risk, and operational risk.
• Excellent written and verbal communication skills for preparing clear risk reports.
• Ability to work independently and as part of a cross‑functional team.
• Attention to detail and a proactive approach to problem solving.
• Familiarity with regulatory frameworks such as Basel III, PRA, and local Zambian banking regulations.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable and will be considered an advantage during the selection process.

Experience

Candidates should possess 3‑5 years of relevant experience in risk analysis, credit risk assessment, or financial risk management within a banking or financial services environment. Experience with risk modeling, stress testing, and regulatory reporting is essential.

Salary

The position offers a competitive salary range of SSP 150,000 to SSP 250,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the total compensation package.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Paid annual leave and statutory holidays.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Barclays risk framework and compliance standards.
• Continuous learning opportunities through internal workshops, webinars, and external courses.
• Mentorship from senior risk officers to accelerate career growth.

Working Environment

Barclays Bank Zambia provides a collaborative and inclusive workplace where diverse perspectives are valued. The Mongu office features modern facilities, secure data environments, and a culture that encourages innovation and ethical decision‑making. Employees benefit from flexible working arrangements and a supportive leadership team focused on employee well‑being.

Application Process

Interested candidates should submit their application through the online portal on our website. The process includes an initial resume screening, a technical assessment, and two interview stages—one with the Risk Management team and another with senior leadership. Successful applicants will be notified within four weeks of submission.

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. Our hiring practices reflect our dedication to fairness and meritocracy, ensuring that every candidate receives equal consideration.