Risk Modelling Analyst Job Vacancy in Walvis Bay, Namibia – Banking & Finance

Job Description

Position:Risk Modelling Analyst

Company:Bank Windhoek

Location:Walvis Bay, Namibia

Experience:5+ years of experience in risk modelling, quantitative analysis, and financial risk management

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

Employment Type:Full-time

Industry:Banking & Finance

Department:Risk Management

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

Vacancies:1

Company Overview

Bank Windhoek is Namibia’s leading indigenous commercial bank, offering a comprehensive suite of banking services to individuals, SMEs, and large corporates. With a strong commitment to innovation, financial inclusion, and sustainable growth, the bank has built a reputation for reliability and excellence across the country. Operating in major cities including Windhoek, Swakopmund, and Walvis Bay, Bank Windhoek continuously invests in cutting‑edge technology and talent development to stay ahead in the dynamic financial sector. The bank’s culture emphasizes integrity, customer focus, and a collaborative work environment, making it an attractive employer for ambitious professionals seeking long‑term career growth.

Job Overview

The Risk Modelling Analyst will play a pivotal role in strengthening Bank Windhoek’s risk management framework. Reporting to the Head of Risk Analytics, the analyst will design, develop, and maintain quantitative risk models that support credit, market, and operational risk assessments. This position offers a unique opportunity to influence strategic decision‑making, enhance the bank’s risk appetite, and ensure compliance with local and international regulatory standards. The role involves close interaction with cross‑functional teams, including Credit, Treasury, and Compliance, to embed robust risk insights into everyday business processes. For more information about our corporate values and career pathways, visit our main website here. Additionally, explore regional opportunities on our partner portal here.

Key Responsibilities

• Develop and validate statistical and machine‑learning models for credit risk, market risk, and operational risk.
• Perform stress testing and scenario analysis to assess the impact of macro‑economic changes on the bank’s portfolio.
• Collaborate with data engineering teams to ensure high‑quality data pipelines for model inputs.
• Prepare detailed risk reports and presentations for senior management and regulatory bodies.
• Monitor model performance, conduct back‑testing, and implement model recalibrations as needed.
• Support the development of the bank’s risk appetite framework and capital allocation strategies.
• Stay updated on emerging risk modelling techniques and regulatory developments in Namibia and the broader Southern African region.

Required Skills

• Advanced proficiency in statistical software such as R, Python, SAS, or MATLAB.
• Strong knowledge of Basel III/IV regulatory requirements and local banking regulations.
• Experience with credit scoring, PD/LGD/EAD modelling, and VaR calculations.
• Excellent analytical and problem‑solving abilities with a data‑driven mindset.
• Effective communication skills to translate complex model outcomes into actionable business insights.
• Ability to work independently and as part of multidisciplinary teams.

Education

A minimum of a bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related quantitative discipline is required. Candidates holding a master’s degree or professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) will be given preference.

Experience

Applicants must have at least five years of hands‑on experience in risk modelling within a banking or financial services environment. Prior exposure to large‑scale data sets, model governance, and regulatory reporting is essential.

Salary

The successful candidate will receive a competitive annual salary ranging from SSP 250,000 to SSP 350,000, commensurate with experience and qualifications. Performance‑based bonuses and other financial incentives are also part of the compensation package.

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

• Onboarding program covering Bank Windhoek’s risk policies, systems, and culture.
• Continuous learning opportunities through internal workshops, external seminars, and e‑learning platforms.
• Mentorship from senior risk leaders to accelerate career progression.

Working Environment

Bank Windhoek offers a modern, collaborative office environment in Walvis Bay, equipped with state‑of‑the‑art technology and flexible work arrangements. The bank promotes a culture of inclusion, encouraging diverse perspectives and fostering a supportive atmosphere where employees can thrive.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on our website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for a virtual interview followed by an on‑site assessment.

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 regard to any protected characteristic.