Risk Analytics Manager Job Vacancy in Benin City, Nigeria – Banking and Financial Services
Job Description
Position: Risk Analytics Manager
Company: First Bank of Nigeria
Location: Benin City, Nigeria
Experience: 5-7 years in risk management or analytics
Education: Bachelor’s degree in Finance, Economics, Statistics, or related field
Employment Type: Full-time
Industry: Banking and Financial Services
Department: Risk Management
Salary: SSP 3,500,000 – SSP 5,500,000 per annum
Vacancies:1
Company Overview
First Bank of Nigeria, established in 1894, is one of the oldest and most respected financial institutions in the country. With a robust network of over 700 branches and a strong digital footprint, the bank serves millions of customers across retail, corporate, and SME segments. Its commitment to innovation, financial inclusion, and sustainable growth has positioned it as a leader in the Nigerian banking sector. As part of its strategic vision, First Bank continuously invests in talent, technology, and risk management frameworks to safeguard assets and deliver superior value to shareholders. The bank’s culture promotes integrity, collaboration, and continuous learning, making it an ideal environment for professionals seeking long‑term career growth. This role contributes directly to the bank’s mission of maintaining financial stability while supporting Nigeria Jobs and broader economic development.
Job Overview
The Risk Analytics Manager will lead the development and implementation of advanced risk analytics models that support credit, market, and operational risk decisions across the bank’s portfolio. This position reports to the Head of Risk Management and works closely with data scientists, business analysts, and senior executives to translate complex data into actionable insights. The role is pivotal in enhancing the bank’s risk appetite framework, ensuring compliance with regulatory standards, and driving data‑driven decision making. As part of the hiring process, candidates will be encouraged to explore the bank’s career portal and learn more about the dynamic work environment.
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Key Responsibilities
- Design, develop, and validate predictive risk models using statistical and machine‑learning techniques.
- Collaborate with credit officers and product managers to integrate risk scores into loan underwriting and portfolio monitoring.
- Monitor model performance, conduct back‑testing, and implement model governance procedures.
- Prepare comprehensive risk analytics reports for senior management and regulatory bodies.
- Lead cross‑functional workshops to promote risk awareness and data‑driven culture.
- Stay abreast of emerging risk trends, regulatory changes, and technological advancements in analytics.
- Support the development of the bank’s enterprise risk dashboard and real‑time monitoring tools.
Required Skills
- Proficiency in statistical software such as R, Python, SAS, or MATLAB.
- Strong understanding of credit, market, and operational risk concepts.
- Experience with SQL, data warehousing, and big‑data platforms (e.g., Hadoop, Spark).
- Excellent communication skills to convey complex findings to non‑technical stakeholders.
- Ability to work independently and lead multidisciplinary teams.
- Knowledge of Basel III/IV regulatory frameworks is an advantage.
Education
The successful candidate must hold at least a bachelor’s degree in Finance, Economics, Statistics, Mathematics, Computer Science, or a related discipline. Advanced certifications such as FRM, PRM, or a master’s degree in a quantitative field are highly desirable and will be considered an asset during the selection process.
Experience
Applicants should have a minimum of five to seven years of professional experience in risk analytics, quantitative modeling, or a similar role within the banking or financial services industry. Demonstrated experience in leading model development projects and delivering insights that influence strategic decisions is essential.
Salary
The compensation package ranges from SSP 3,500,000 to SSP 5,500,000 per annum, commensurate with experience, qualifications, and performance. The package includes performance‑based bonuses, health insurance, pension contributions, and other employee benefits.
Benefits
- Competitive salary with annual performance bonuses.
- Comprehensive health and medical coverage.
- Pension scheme and retirement planning assistance.
- Paid annual leave and public holidays.
- Professional development allowance and certification support.
- Employee assistance program and wellness initiatives.
Training
- On‑boarding program covering bank policies, risk framework, and compliance.
- Continuous learning opportunities through internal academies and external courses.
- Mentorship from senior risk leaders and access to industry conferences.
Working Environment
First Bank offers a collaborative, inclusive, and technology‑enabled workplace located in the heart of Benin City’s financial district. Employees benefit from modern office facilities, flexible working arrangements, and a culture that values diversity and innovation. The bank’s commitment to sustainable practices and community engagement creates a sense of purpose for all staff.
Application Process
Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the bank’s online career portal. Shortlisted applicants will be invited to complete an online assessment followed by a series of interviews with the Risk Management team and senior leadership. The recruitment timeline typically spans four to six weeks from application receipt.
Equal Opportunity Statement
First Bank of Nigeria 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. Our hiring practices are designed to ensure fairness and transparency, supporting the broader goal of Employment in Nigeria and fostering Career Opportunities in Nigeria for all qualified professionals.
