Credit Risk Manager Job Vacancy in Usakos, Namibia – Banking & Finance

Job Description

Position: Credit Risk Manager

Company: Bank Windhoek

Location: Usakos, Namibia

Experience: 5+ years in credit risk analysis, preferably in banking

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

Employment Type: Full-time

Industry: Banking & Finance

Department: Risk Management

Salary: SSP 250,000 – SSP 400,000 per annum

Vacancies:1

Company Overview

Bank Windhoek is Namibia’s leading indigenous commercial bank, offering a full suite of retail, corporate, and investment banking services across the country. Established in 1982, the bank has built a reputation for financial stability, innovative digital solutions, and a strong commitment to community development. With a network of branches and ATMs in major towns and a growing presence in regional centers such as Usakos, Bank Windhoek plays a pivotal role in supporting local businesses and individuals. The bank’s focus on responsible lending, risk mitigation, and sustainable growth makes it an attractive employer for professionals seeking long‑term career advancement in the Banking & Finance sector. As part of its strategic expansion, Bank Windhoek continues to invest in talent, technology, and robust risk frameworks, creating a dynamic environment for ambitious individuals.

Job Overview

The Credit Risk Manager will lead the assessment, monitoring, and mitigation of credit risk across the bank’s loan portfolio in the central and northern regions of Namibia. Reporting to the Head of Risk Management, the role involves developing risk policies, conducting credit reviews, and collaborating with business units to ensure sound lending practices. This position offers a unique opportunity to influence the bank’s risk culture, contribute to strategic decision‑making, and support the growth of the Usakos branch network. Candidates will work closely with senior management, underwriting teams, and external auditors to uphold the highest standards of credit risk governance. For more information about Bank Windhoek’s vision and values, visit https://namibiajobsearch.com/. This role is a key component of the bank’s commitment to delivering superior Namibia Jobs and fostering Career Opportunities in Namibia.

Key Responsibilities

• Develop, implement, and maintain credit risk policies, procedures, and frameworks aligned with regulatory requirements and industry best practices.
• Conduct comprehensive credit assessments for new loan proposals, including financial analysis, cash‑flow modeling, and sector risk evaluation.
• Monitor existing loan portfolios, identify early warning signs, and recommend corrective actions to mitigate potential defaults.
• Prepare risk reports and dashboards for senior management, highlighting portfolio performance, concentration risks, and emerging trends.
• Collaborate with business development teams to structure credit facilities that balance risk and profitability.
• Lead credit committees, presenting findings and recommendations to ensure informed decision‑making.
• Stay abreast of macro‑economic developments, regulatory changes, and market dynamics affecting credit risk in Namibia.
• Provide mentorship and training to junior analysts and underwriters on credit risk methodologies.

Required Skills

• Strong analytical and quantitative skills with proficiency in financial modeling and risk assessment tools.
• In‑depth knowledge of Namibian banking regulations, Basel III standards, and credit risk management frameworks.
• Excellent communication and presentation abilities to convey complex risk concepts to non‑technical stakeholders.
• Proficiency in risk management software and advanced Excel; experience with SAS, R, or Python is a plus.
• Leadership qualities with a collaborative mindset and the ability to influence cross‑functional teams.
• High ethical standards, attention to detail, and a proactive approach to problem‑solving.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. A Master’s degree in Finance, Risk Management, or an MBA is highly desirable. Professional certifications such as CFA, FRM, or CPA are advantageous and demonstrate a commitment to continuous professional development.

Experience

Applicants must have a minimum of five years of experience in credit risk analysis, underwriting, or risk management within a banking environment. Experience in the Namibian market or Southern African region is preferred, as is a proven track record of managing large loan portfolios and leading credit committees.

Salary

The compensation package ranges from SSP 250,000 to SSP 400,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, pension contributions, and other employee benefits designed to attract top talent for Jobs in Namibia.

Benefits

• Competitive salary with annual performance bonuses.
• Comprehensive medical and dental coverage for employee and dependents.
• Pension scheme with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• Employee assistance program and wellness initiatives.
• Opportunities for career progression and internal mobility across the bank’s network.

Training

• Structured onboarding program covering bank policies, risk systems, and compliance.
• Continuous professional development through workshops, seminars, and sponsorship for relevant certifications.
• Access to e‑learning platforms and mentorship from senior risk leaders.

Working Environment

Bank Windhoek offers a collaborative, inclusive, and technology‑driven workplace. The Usakos office provides a modern, secure environment equipped with the latest banking software and tools. Employees benefit from a culture that values diversity, innovation, and work‑life balance, making it an ideal setting for professionals seeking Employment in Namibia and a supportive community.

Application Process

Interested candidates should submit their application through the online portal on the Bank Windhoek careers page. The application must include an updated CV, a cover letter outlining relevant experience, and copies of academic certificates. Shortlisted applicants will be invited to a two‑stage interview process consisting of a technical assessment and a competency‑based interview with senior risk management staff. Successful candidates will receive an offer letter outlining terms of employment.

Equal Opportunity Statement

Bank Windhoek is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. Our hiring practices reflect our dedication to fairness and the promotion of equal opportunity in Namibia.