Risk Management Analyst Job Vacancy in Yola, Nigeria – Banking & Financial Services

Job Description

Position:Risk Management Analyst

Company:Zenith Bank Plc

Location:Yola, Nigeria

Experience:5-7 years

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

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Risk Management

Salary:₦3,000,000 – ₦5,000,000 per annum

Vacancies:1

Company Overview

Zenith Bank Plc is a leading indigenous financial institution renowned for its innovative banking solutions and robust corporate governance. With a presence across Nigeria and a growing footprint in West Africa, Zenith Bank delivers comprehensive retail, corporate, and investment banking services. The bank’s commitment to digital transformation, customer centricity, and sustainable growth has positioned it as a top employer for professionals seeking dynamic career opportunities. As part of its strategic expansion, Zenith Bank continues to invest in talent that drives risk‑aware decision making, ensuring stability and confidence for its stakeholders. This role contributes directly to the bank’s mission of delivering superior financial services while upholding the highest standards of risk management, making it an ideal platform for ambitious analysts looking to shape the future of banking in Nigeria.

Job Overview

The Risk Management Analyst will join Zenith Bank’s central Risk Management Department, reporting to the Head of Credit Risk. The analyst will be responsible for assessing, monitoring, and reporting credit and market risks associated with the bank’s loan portfolio, investment activities, and emerging financial products. This position plays a pivotal role in developing risk models, conducting stress testing, and providing actionable insights to senior management. The successful candidate will collaborate with cross‑functional teams, including Credit, Treasury, and Compliance, to ensure that risk policies are effectively implemented and aligned with regulatory requirements. For more information about Zenith Bank’s career opportunities, visit https://nigeriajobsearch.com/. This job vacancy in Nigeria offers a unique chance to contribute to a leading financial institution while advancing your professional growth.

Key Responsibilities

• Analyze credit risk exposures across retail, SME, and corporate loan portfolios using quantitative techniques.
• Develop and maintain risk rating models, ensuring they reflect current market conditions and regulatory standards.
• Conduct regular stress testing and scenario analysis to evaluate potential impacts on the bank’s capital adequacy.
• Prepare detailed risk assessment reports and present findings to senior management and the Board’s Risk Committee.
• Monitor compliance with internal risk policies and external regulatory guidelines, recommending enhancements as needed.
• Collaborate with the Treasury team to assess market risk factors, including interest rate and foreign exchange fluctuations.
• Support the implementation of the bank’s Enterprise Risk Management (ERM) framework and contribute to risk awareness training programs.
• Utilize advanced analytics tools (e.g., SAS, R, Python) to improve risk measurement accuracy and efficiency.

Required Skills

• Strong analytical and quantitative skills with proficiency in statistical modeling.
• Excellent knowledge of banking regulations, Basel III, and Nigerian financial supervisory guidelines.
• Advanced Excel skills; experience with risk management software such as Moody’s Analytics or SAS.
• Effective communication skills for presenting complex risk concepts to non‑technical stakeholders.
• Attention to detail, critical thinking, and the ability to work under tight deadlines.
• Team‑oriented mindset with the ability to collaborate across departments.

Education

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

Experience

Candidates should possess 5 to 7 years of relevant experience in risk analysis, credit assessment, or financial modeling within a banking or financial services environment. Prior exposure to regulatory reporting, stress testing, and the development of risk rating systems is essential.

Salary

The compensation package ranges from ₦3,000,000 to ₦5,000,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a pension scheme.

Benefits

• Comprehensive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Annual performance bonus linked to individual and bank performance.
• Paid annual leave, sick leave, and public holidays.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Zenith Bank’s risk framework and systems.
• Continuous professional development through workshops, webinars, and sponsorship for certifications (FRM, CFA).
• Mentorship from senior risk officers and access to a knowledge‑sharing portal.

Working Environment

Zenith Bank offers a collaborative, technology‑driven workplace that encourages innovation and continuous learning. The Risk Management Department operates in a supportive environment where analytical rigor is valued, and employees are empowered to make data‑driven decisions. Flexible working arrangements and a modern office in Yola provide a conducive setting for professional growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the online application portal on the Zenith Bank Careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial interview followed by technical assessments.

Equal Opportunity Statement

Zenith Bank Plc 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 disability. All qualified applicants will receive consideration for employment without discrimination.