Risk Management Analyst Job Vacancy in Windhoek, Namibia – Banking & Finance

Job Description

Position:Risk Management Analyst

Company:Bank of Namibia

Location:Windhoek, Namibia

Experience:3-5 years

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

Employment Type:Full-time

Industry:Banking & Finance

Department:Risk Management

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

Vacancies:1

Company Overview

The Bank of Namibia is the central bank of the Republic of Namibia, responsible for maintaining monetary stability, fostering a sound financial system, and promoting sustainable economic growth. With a legacy of over three decades, the bank operates at the heart of Namibia’s financial sector, collaborating with commercial banks, regulatory bodies, and international partners. As a leading institution, it offers a dynamic environment where professionals contribute to national development while advancing their careers. The bank’s commitment to innovation, transparency, and excellence makes it an attractive employer for ambitious talent seeking meaningful impact in Namibia Jobs and broader African finance.

Our mission is to safeguard the value of the Namibian dollar, ensure a resilient banking sector, and support inclusive growth. By joining the Bank of Namibia, you become part of a team that values integrity, analytical rigor, and continuous learning, aligning with the best practices of global central banking.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial risks that could affect the stability of Namibia’s monetary system. Reporting to the Head of Risk Management, you will work closely with cross‑functional teams, including Treasury, Compliance, and Economic Research, to develop robust risk frameworks and provide actionable insights. This position offers a unique opportunity to influence policy, support regulatory compliance, and enhance the bank’s risk culture, making it a cornerstone of Career Opportunities in Namibia.

As part of the role, you will engage with internal stakeholders and external partners, ensuring that risk assessments align with both national regulations and international standards. Your analytical expertise will directly contribute to the bank’s strategic decision‑making processes, reinforcing its reputation as a stable and forward‑looking institution.

For more information about our organization and the broader landscape of Jobs in Namibia, visit our partner portal at https://namibiajobsearch.com/.

Key Responsibilities

• Conduct comprehensive risk assessments covering credit, market, operational, and liquidity risks.
• Develop and maintain risk measurement models, stress‑testing scenarios, and risk dashboards.
• Prepare detailed risk reports for senior management and the Board of Directors.
• Collaborate with the Treasury department to monitor exposure limits and ensure compliance with regulatory caps.
• Support the implementation of the bank’s risk appetite framework and update it as market conditions evolve.
• Analyze macro‑economic data and its potential impact on the banking sector.
• Provide recommendations for risk mitigation strategies and policy enhancements.
• Assist in internal and external audit processes related to risk management.

Required Skills

• Strong quantitative and analytical abilities with proficiency in statistical software (e.g., R, SAS, Python).
• Excellent written and verbal communication skills for clear risk reporting.
• Deep understanding of Basel III, IFRS 9, and other relevant regulatory frameworks.
• Ability to work independently and as part of multidisciplinary teams.
• Attention to detail and a proactive approach to problem solving.
• Advanced Excel skills, including pivot tables and macro development.

Education

A Bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. A Master’s degree or professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable and will be considered an advantage.

Experience

Applicants should have 3‑5 years of relevant experience in risk analysis, financial modeling, or a similar role within a banking or financial services environment. Experience with central bank operations or regulatory bodies is a plus.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses and statutory benefits.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Generous paid leave, including annual, sick, and parental leave.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering central banking operations and risk management frameworks.
• Access to internal and external workshops on advanced risk analytics.
• Mentorship from senior risk officers and senior management.
• Opportunities to attend international conferences and seminars.

Working Environment

The Bank of Namibia offers a collaborative, inclusive, and technology‑enabled workplace located in the heart of Windhoek’s financial district. Our modern offices provide flexible working arrangements, state‑of‑the‑art analytical tools, and a culture that encourages continuous improvement and knowledge sharing.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through our online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an interview.

Equal Opportunity Statement

The Bank of Namibia is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, race, religion, or background. All qualified applicants will receive consideration for employment without discrimination.