About Company
CBZ Bank is one of Zimbabwe’s largest and most reputable financial institutions. We are committed to fostering economic growth and providing innovative banking solutions to individuals, businesses, and corporates across the nation. With a strong focus on customer satisfaction and community development, CBZ Bank prides itself on its robust risk management framework, cutting-edge technology, and a dedicated team of professionals who drive our success. Joining CBZ means becoming part of a dynamic environment where integrity, excellence, and continuous learning are highly valued. We empower our employees to grow, innovate, and make a tangible impact on the financial landscape of Zimbabwe.
Job Description
As a Risk Analyst at CBZ Bank, you will be a pivotal member of our dynamic Risk Management team, dedicated to upholding the financial integrity and stability of one of Zimbabwe’s leading financial institutions. Your primary mission will be to proactively identify, assess, monitor, and mitigate a broad spectrum of risks—including credit, operational, market, and liquidity risks—that could potentially impact the bank’s strategic objectives and day-to-day operations.
This role is not merely about identifying problems; it’s about pioneering solutions. You will be instrumental in developing, implementing, and continuously refining robust risk management frameworks, policies, and procedures that align with both internal standards and evolving regulatory requirements. A significant part of your contribution will involve conducting in-depth quantitative and qualitative analyses of complex financial data, market trends, and economic indicators. You will transform this data into actionable insights, providing senior management with clear, concise, and timely reports that inform critical decision-making processes.
Your responsibilities will extend to preparing comprehensive risk assessments, conducting stress testing, and scenario analysis to evaluate the bank’s resilience under various adverse conditions. Ensuring strict compliance with local banking laws, international standards such (e.g., Basel Accords), and internal risk limits will be paramount. You will also play a key role in the development and validation of risk models, utilizing advanced statistical techniques and software tools.
Collaboration is at the heart of our approach to risk management. You will work cross-functionally with various departments, including Credit, Operations, Finance, IT, and Compliance, to foster a bank-wide culture of risk awareness and ensure an integrated, holistic approach to risk mitigation. Furthermore, you will contribute to capacity building by providing training and guidance on risk management best practices to colleagues. The successful candidate will be a forward-thinker, adept at problem-solving, with a meticulous eye for detail and an unwavering commitment to accuracy, directly contributing to CBZ Bank’s sustainable growth and reputation as a trusted financial partner.
Key Responsibilities
- Conduct comprehensive risk assessments across various banking functions (credit, operational, market, liquidity).
- Develop, implement, and maintain risk management policies and procedures.
- Analyze financial data and market trends to identify potential risks and opportunities.
- Prepare detailed risk reports and presentations for senior management and regulatory bodies.
- Monitor key risk indicators (KRIs) and perform stress testing scenarios.
- Ensure compliance with local and international banking regulations and internal risk limits.
- Assist in the development and validation of risk models.
- Collaborate with internal departments to integrate risk management into daily operations.
- Provide training and guidance on risk awareness to staff.
- Investigate and report on risk incidents, recommending corrective actions.
Required Skills
- Strong analytical and quantitative skills.
- Proficiency in data analysis tools (e.g., Excel, SQL, Python/R for data analysis).
- Excellent written and verbal communication skills.
- Ability to interpret complex financial data and regulatory guidelines.
- Attention to detail and accuracy.
- Problem-solving aptitude.
- Understanding of financial products and banking operations.
Preferred Qualifications
- Professional certification in Risk Management (e.g., FRM, PRM).
- Experience with risk management software platforms.
- Knowledge of local and international banking regulations (e.g., Basel II/III).
- Master's degree in Finance, Economics, Statistics, or a related field.
Perks & Benefits
- Competitive salary and performance-based bonuses.
- Comprehensive health and wellness benefits.
- Generous paid time off and public holidays.
- Opportunities for professional development and continuous learning.
- Employee assistance programs.
- A vibrant and supportive work environment.
- Pension and retirement plans.
How to Apply
Interested and qualified candidates are invited to apply by clicking the link below. Please ensure your application includes a detailed CV and a cover letter outlining your relevant experience and qualifications.