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

Job Description

Position:Risk Management Analyst

Company:Zenith Bank

Location:Zaria, Nigeria

Experience:3-5 years of experience in risk analysis, credit risk, or financial risk management

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

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 is a leading indigenous financial institution in Nigeria, recognized for its innovative banking solutions, robust risk culture, and commitment to sustainable growth. With a presence across all geopolitical zones, Zenith Bank serves millions of customers ranging from retail individuals to large corporations. The bank’s strategic focus on digital transformation, financial inclusion, and prudent risk management has positioned it as a trusted partner in the Nigerian economy.

Founded in 1990, Zenith Bank has consistently ranked among the top banks in Nigeria by assets, profitability, and customer satisfaction. Its corporate governance framework emphasizes transparency, accountability, and ethical conduct, ensuring that stakeholders receive reliable financial services. The bank’s risk management department plays a pivotal role in safeguarding assets, maintaining regulatory compliance, and supporting strategic decision‑making.

As part of its expansion strategy, Zenith Bank is investing heavily in talent acquisition, particularly in risk analytics, to enhance its ability to anticipate market fluctuations, credit exposures, and operational threats. This commitment creates a dynamic environment for professionals seeking to advance their careers in a forward‑looking financial institution.

Job Overview

The Risk Management Analyst will join Zenith Bank’s Central Risk Management Unit in Zaria, contributing to the development, implementation, and monitoring of risk frameworks that protect the bank’s assets and reputation. This role involves conducting quantitative and qualitative risk assessments, preparing risk reports for senior management, and collaborating with business units to embed risk‑aware practices throughout the organization. The analyst will also support the bank’s compliance with the Central Bank of Nigeria (CBN) regulations and international best practices.

Working closely with senior risk officers, the analyst will leverage advanced analytical tools, statistical models, and data visualization techniques to identify emerging risk trends. The position offers exposure to a broad spectrum of risk categories, including credit, market, operational, and liquidity risk, providing a comprehensive understanding of the banking risk landscape. This is an excellent opportunity for ambitious professionals who wish to contribute to a high‑impact function within a top‑tier Nigerian bank.

For more information about Zenith Bank’s career opportunities, visit Nigeria Job Search and explore the full range of roles available across the country.

Key Responsibilities

• Conduct credit risk assessments for loan portfolios, analyzing borrower financial statements, credit scores, and market conditions.
• Develop and maintain risk models, including probability of default (PD), loss given default (LGD), and exposure at default (EAD) calculations.
• Prepare monthly and quarterly risk dashboards for senior management, highlighting key risk indicators and mitigation actions.
• Collaborate with business units to embed risk controls into product development, pricing, and underwriting processes.
• Monitor compliance with CBN risk‑based capital adequacy requirements and internal risk policies.
• Assist in stress‑testing exercises and scenario analysis to evaluate the bank’s resilience under adverse economic conditions.
• Provide ad‑hoc risk analysis and recommendations to support strategic initiatives and regulatory reporting.

Required Skills

• Strong analytical and quantitative skills with proficiency in Excel, VBA, and statistical software such as R or Python.
• In‑depth knowledge of banking risk concepts, credit analysis, and regulatory frameworks.
• Excellent written and verbal communication skills for preparing clear risk reports and presenting findings.
• Ability to work independently and as part of a cross‑functional team in a fast‑paced environment.
• Attention to detail and strong problem‑solving capabilities.
• Familiarity with Basel III guidelines and CBN risk regulations is advantageous.

Education

Candidates must hold a Bachelor’s degree in Finance, Economics, Business Administration, Mathematics, Statistics, or a related discipline. A Master’s degree or professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) will be considered a strong advantage.

Experience

The ideal applicant will have 3‑5 years of relevant experience in risk analysis, credit risk assessment, or financial risk management within a banking or financial services environment. Experience with risk modeling, data analytics, and regulatory reporting is essential.

Salary

Zenith Bank offers a competitive salary range of ₦3,000,000 to ₦5,000,000 per annum, commensurate with experience and qualifications. The compensation package includes performance‑based bonuses, health insurance, pension contributions, and other employee benefits.

Benefits

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

Training

• On‑the‑job training in advanced risk modeling techniques and regulatory compliance.
• Access to internal and external professional development courses, including certifications.
• Mentorship program with senior risk officers.
• Regular workshops on emerging risk trends and digital risk tools.

Working Environment

Located in Zenith Bank’s modern Zaria branch, the analyst will work in a collaborative, technology‑enabled environment that encourages continuous learning and innovation. The office provides state‑of‑the‑art workstations, secure data access, and a supportive culture that values diversity and inclusion.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online portal on the Zenith Bank careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an initial virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

Zenith Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive workplace where all employees, regardless of gender, ethnicity, religion, or disability, can thrive and contribute to the bank’s success.