Risk Modeling Analyst Job Vacancy in Umuahia, Nigeria – Banking & Financial Services

Job Description

Position: Risk Modeling Analyst

Company: Zenith Bank Plc

Location: Umuahia, Nigeria

Experience: 5-7 years of professional experience in risk analytics, financial modeling, or related fields

Education: Bachelor’s degree in Finance, Economics, Mathematics, Statistics or a related discipline; Master’s degree is a plus

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

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

Vacancies:1

Company Overview

Zenith Bank Plc is one of Nigeria’s leading financial institutions, renowned for its innovative banking solutions, robust corporate governance, and commitment to sustainable growth. With a presence in over 30 countries across Africa and a strong digital footprint, Zenith Bank offers a dynamic environment where talent thrives. The bank’s focus on technology-driven services, customer centricity, and risk‑aware culture makes it a top destination for professionals seeking impactful careers. As part of its expansion strategy, Zenith Bank continues to invest in advanced risk analytics capabilities, creating exciting Nigeria Jobs for skilled analysts. This role contributes directly to the bank’s mission of delivering secure, reliable, and profitable banking experiences across the continent.

Job Overview

The Risk Modeling Analyst will join the Risk Management department in Umuahia, supporting the development, validation, and implementation of quantitative risk models that underpin the bank’s credit, market, and operational risk frameworks. Reporting to the Head of Risk Analytics, the incumbent will collaborate with cross‑functional teams to ensure models are robust, compliant with regulatory standards, and aligned with business objectives. This position offers a unique opportunity to influence strategic decision‑making while working in a fast‑paced, technology‑enabled environment. For more information about career opportunities, visit Nigeria Job Search. The role is a key component of our Hiring in Nigeria initiative, reinforcing our commitment to local talent development.

Key Responsibilities

• Design, develop, and maintain statistical and machine‑learning models for credit risk, market risk, and operational risk assessment.
• Perform model validation, back‑testing, and stress‑testing in line with Basel III and local regulatory requirements.
• Collaborate with data engineering and IT teams to ensure data quality, integrity, and accessibility for modeling purposes.
• Prepare comprehensive model documentation, validation reports, and presentation decks for senior management and regulators.
• Monitor model performance, identify drift, and recommend enhancements to improve predictive accuracy.
• Support the Risk Committee by providing quantitative insights and scenario analysis for strategic decisions.
• Stay abreast of emerging risk modeling techniques, industry best practices, and regulatory changes to continuously improve the bank’s risk framework.

Required Skills

• Proficiency in statistical programming languages such as Python, R, or SAS.
• Strong understanding of credit risk, market risk, and operational risk concepts.
• Experience with data manipulation, SQL, and large‑scale data sets.
• Excellent analytical, problem‑solving, and quantitative skills.
• Effective communication skills to convey complex model outcomes to non‑technical stakeholders.
• Attention to detail and ability to work under tight deadlines.

Education

A bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related field is required. A master’s degree or professional certifications such as FRM or CFA are considered advantageous and demonstrate a commitment to professional development.

Experience

Applicants should have 5‑7 years of relevant experience in risk analytics, financial modeling, or quantitative research within the banking or financial services sector. Experience with regulatory model validation and exposure to Basel III frameworks will be highly valued.

Salary

The compensation package ranges from NGN 3,000,000 to NGN 5,000,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and retirement benefits.

Benefits

• Competitive health and life insurance coverage.
• Retirement savings plan with employer contributions.
• Performance‑linked annual bonuses.
• Paid annual leave and statutory holidays.
• Employee assistance programs and wellness initiatives.

Training

• Continuous professional development through internal and external training programs.
• Access to industry conferences, workshops, and certification courses.
• Mentorship from senior risk leaders and exposure to cross‑functional projects.

Working Environment

Located in the vibrant city of Umuahia, the role offers a collaborative office setting equipped with modern technology and flexible work arrangements. The team culture emphasizes innovation, integrity, and a shared commitment to excellence, fostering an environment where ideas are encouraged and career growth is supported.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online portal on our website. 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 workplace where all employees are valued, respected, and given the opportunity to thrive regardless of gender, ethnicity, religion, or background.