Risk Management Analyst Job Vacancy in Zanzibar, Tanzania – Banking & Finance

Job Description

Position:Risk Management Analyst

Company:NMB Bank Plc

Location:Zanzibar, Tanzania

Experience:3-5 years

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

Employment Type:Full-time

Industry:Banking & Finance

Department:Risk Management

Salary:2,000,000 – 3,500,000 SSP per month

Vacancies:1

Company Overview

NMB Bank Plc is one of Tanzania’s leading commercial banks, offering a comprehensive range of financial services to individuals, SMEs, and large corporations. With a strong presence across the nation, NMB is committed to fostering economic growth, financial inclusion, and innovative banking solutions. The bank’s robust risk culture and cutting‑edge technology platforms make it a premier employer for finance professionals seeking dynamic career pathways. As part of its expansion strategy, NMB is strengthening its risk management capabilities in Zanzibar, creating exciting Tanzania Jobs for skilled analysts.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial and operational risks across NMB’s Zanzibar operations. Reporting to the Head of Risk Management, the analyst will collaborate with credit, compliance, and business units to ensure sound risk practices. This position offers a unique opportunity to contribute to the bank’s strategic objectives while gaining exposure to a diverse portfolio of banking products. For more information about NMB’s vision and values, visit https://tanzaniajobsearch.com/. This role is a prime example of Career Opportunities in Tanzania for finance talent.

Key Responsibilities

• Conduct comprehensive risk assessments for loan portfolios, trade finance, and treasury activities.
• Monitor key risk indicators and prepare regular risk reports for senior management.
• Analyze market, credit, operational, and liquidity risks, providing actionable recommendations.
• Collaborate with compliance and audit teams to ensure adherence to regulatory standards.
• Support the development and implementation of risk mitigation strategies and policies.
• Maintain risk data repositories and ensure data integrity for accurate reporting.
• Participate in stress testing and scenario analysis to evaluate potential impacts on the bank’s balance sheet.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and risk modeling tools.
• Excellent communication skills to convey complex risk concepts to non‑technical stakeholders.
• Attention to detail and a proactive approach to problem‑solving.
• Knowledge of Tanzanian banking regulations and Basel III standards.
• Ability to work independently and as part of a cross‑functional team.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. Professional certifications such as FRM or CFA are advantageous but not mandatory.

Experience

Applicants should have 3 to 5 years of experience in risk analysis, credit risk, or related roles within the banking sector. Prior exposure to risk management frameworks and regulatory compliance in Tanzania is highly valued.

Salary

The successful candidate will receive a competitive monthly salary ranging from 2,000,000 to 3,500,000 SSP, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the compensation package.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan (NSSF contributions).
• Paid annual leave and public holidays.
• Transportation allowance for commuting within Zanzibar.
• Employee assistance program and wellness initiatives.

Training

• On‑the‑job training in advanced risk management techniques.
• Access to internal and external professional development courses.
• Support for obtaining FRM, CFA, or other relevant certifications.
• Regular workshops on regulatory updates and industry best practices.

Working Environment

NMB Bank offers a collaborative and inclusive workplace that encourages continuous learning and innovation. The Zanzibar branch provides a modern office setting with state‑of‑the‑art technology, fostering a productive environment for risk professionals. Employees benefit from a culture that values integrity, teamwork, and customer‑centricity.

Application Process

Interested candidates should submit their application through the NMB career portal, attaching a current CV and a cover letter outlining their suitability for the role. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. This is a prime Hiring in Tanzania opportunity for qualified risk analysts.

Equal Opportunity Statement

NMB Bank Plc is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, age, disability, race, religion, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.