Risk Analytics Lead Job Vacancy in Zanzibar City, Tanzania – Banking & Financial Services

Job Description

Position: Risk Analytics Lead

Company: Equity Bank Tanzania

Location: Zanzibar City, Tanzania

Experience: 5-7 years

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

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: SSP 2,500,000 – SSP 4,000,000 per annum

Vacancies:1

Company Overview

Equity Bank Tanzania is a leading financial institution dedicated to fostering economic growth and financial inclusion across the nation. With a robust presence in major Tanzanian cities, the bank offers a comprehensive suite of retail, corporate, and investment banking services. As part of the larger Equity Group Holdings, the bank benefits from regional expertise, innovative digital platforms, and a commitment to sustainable banking practices. The organization prides itself on a culture of integrity, customer focus, and continuous improvement, making it an attractive employer for professionals seeking dynamic career opportunities in Tanzania. Equity Bank Tanzania actively supports community development projects, financial literacy programs, and green financing initiatives, aligning its business objectives with the broader goals of national development.

Job Overview

The Risk Analytics Lead will spearhead the development and implementation of advanced risk analytics frameworks that support strategic decision‑making across the bank’s portfolio. Reporting to the Head of Risk Management, the role involves collaborating with cross‑functional teams, including Credit, Treasury, Compliance, and Business Development, to identify, quantify, and mitigate financial and operational risks. This position plays a pivotal role in enhancing the bank’s risk culture, ensuring regulatory compliance, and driving data‑driven insights that improve profitability and resilience. The successful candidate will be instrumental in shaping the bank’s risk analytics roadmap, leveraging cutting‑edge statistical models, machine learning techniques, and big‑data tools to deliver actionable intelligence.

Key Responsibilities

• Design, develop, and maintain quantitative risk models for credit, market, and operational risk.
• Lead the integration of risk analytics into the bank’s decision‑making processes and reporting structures.
• Collaborate with IT and data engineering teams to ensure data quality, accessibility, and governance.
• Conduct scenario analysis, stress testing, and sensitivity analysis to assess potential risk exposures.
• Prepare comprehensive risk dashboards and visualizations for senior management and board committees.
• Monitor regulatory changes and ensure models comply with the Bank of Tanzania’s guidelines.
• Mentor junior analysts and promote best practices in risk modeling and analytics.
• Present findings and recommendations to stakeholders in clear, business‑focused language.

Required Skills

• Proficiency in statistical programming languages such as R, Python, or SAS.
• Strong knowledge of risk management frameworks (e.g., Basel III, IFRS 9).
• Experience with data visualization tools like Tableau, Power BI, or Qlik.
• Excellent analytical, problem‑solving, and critical‑thinking abilities.
• Effective communication skills for translating complex analyses into actionable insights.
• Ability to work independently and lead cross‑functional projects.
• Familiarity with SQL and big‑data platforms (e.g., Hadoop, Spark) is a plus.

Education

A Bachelor’s degree in Finance, Economics, Statistics, Mathematics, or a related discipline is required. A Master’s degree or professional certifications such as FRM, PRM, or CFA will be highly regarded.

Experience

Applicants must have 5‑7 years of relevant experience in risk analytics, financial modeling, or quantitative research within the banking or financial services sector. Prior exposure to regulatory reporting and model validation is essential.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 annually, commensurate with experience and qualifications. The package includes performance‑based bonuses and other incentives.

Benefits

• Comprehensive health insurance covering employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• Professional development allowance and support for certifications.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering bank policies, risk culture, and systems.
• Continuous learning opportunities through internal workshops, webinars, and external courses.
• Access to a digital learning platform for upskilling in data science and advanced analytics.

Working Environment

Equity Bank Tanzania offers a collaborative, inclusive, and technology‑enabled workplace. Employees benefit from modern office facilities in Zanzibar City, flexible working arrangements, and a supportive leadership team that encourages innovation and professional growth.

Application Process

Interested candidates are invited to submit their updated CV and a cover letter outlining their suitability for the role via our online portal. Apply online at https://tanzaniajobsearch.com/. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

Equal Opportunity Statement

Equity Bank Tanzania 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.