Credit Risk Officer Job Vacancy in Oshakati, Namibia – Banking & Finance

Job Description

Position: Credit Risk Officer

Company: Bank Windhoek

Location: Oshakati, Namibia

Experience: 5+ years in credit risk analysis

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

Employment Type: Full-time

Industry: Banking & Finance

Department: Credit Risk Management

Salary: SSP 250,000 – SSP 350,000 per month

Vacancies:1

Company Overview

Bank Windhoek is Namibia’s leading indigenous commercial bank, renowned for its robust financial solutions and commitment to economic development across the nation. With a heritage spanning over six decades, the bank offers a comprehensive suite of retail, corporate, and investment banking services. As a pillar of the Namibian financial sector, Bank Windhoek continuously invests in technology, talent, and community initiatives, fostering a culture of innovation and integrity. The bank’s strategic focus on expanding financial inclusion aligns with national goals, making it an attractive employer for professionals seeking impactful careers. This role contributes directly to the bank’s mission of delivering secure, reliable, and customer‑centric banking experiences, reinforcing its reputation as a top employer for Namibia Jobs and a catalyst for Career Opportunities in Namibia.

Job Overview

The Credit Risk Officer will play a pivotal role in safeguarding the bank’s loan portfolio by assessing creditworthiness, monitoring risk exposures, and ensuring compliance with regulatory standards. Reporting to the Head of Credit Risk, the officer will collaborate with relationship managers, underwriting teams, and senior executives to develop risk mitigation strategies that support sustainable growth. This position offers a unique opportunity to influence credit policy, enhance risk analytics, and contribute to the bank’s overall profitability. For more information about Bank Windhoek and its commitment to excellence, visit the official website at https://namibiajobsearch.com/.

Key Responsibilities

• Conduct comprehensive credit assessments for corporate and SME loan applications, utilizing financial statements, market data, and risk models.
• Monitor existing credit exposures, identify early warning signals, and recommend corrective actions to mitigate potential losses.
• Prepare detailed credit risk reports for senior management, highlighting portfolio trends, concentration risks, and compliance gaps.
• Collaborate with underwriting and product teams to design credit structures that align with risk appetite and regulatory requirements.
• Ensure adherence to Basel III guidelines, local banking regulations, and internal credit policies.
• Participate in the development and refinement of credit scoring models and risk rating systems.
• Provide training and mentorship to junior analysts on credit analysis techniques and best practices.
• Assist in the preparation of stress‑testing scenarios and contribute to the bank’s overall risk management framework.

Required Skills

• Strong analytical and quantitative abilities with proficiency in financial modeling.
• Excellent knowledge of banking regulations, Basel standards, and credit risk frameworks.
• Advanced proficiency in MS Excel; experience with credit risk software (e.g., Moody’s Analytics, SAS) is a plus.
• Effective communication skills for presenting complex risk assessments to non‑technical stakeholders.
• High level of integrity, attention to detail, and ability to work under tight deadlines.
• Team‑oriented mindset with the capacity to collaborate across departments.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. 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 hands‑on experience in credit risk analysis within a banking environment. Experience in assessing corporate, SME, and retail loan portfolios, as well as familiarity with risk rating systems, will be highly valued.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a pension scheme, reflecting Bank Windhoek’s competitive approach to attracting top talent for Jobs in Namibia.

Benefits

• Comprehensive medical and dental coverage.
• Retirement savings plan with employer contributions.
• Annual performance bonus linked to individual and bank performance.
• Professional development allowance for certifications and training.
• Paid parental and annual leave.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering bank policies, risk management frameworks, and compliance standards.
• Continuous learning opportunities through internal workshops, external seminars, and e‑learning platforms.
• Mentorship from senior risk officers to accelerate career growth.
• Access to industry conferences and networking events.

Working Environment

Bank Windhoek offers a modern, collaborative workspace in Oshakati, equipped with state‑of‑the‑art technology and flexible work arrangements. The culture emphasizes transparency, accountability, and a strong commitment to employee well‑being, fostering an environment where innovative ideas thrive and career aspirations are supported.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the Bank Windhoek 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 final interview with senior management.

Equal Opportunity Statement

Bank Windhoek 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 discrimination.