Risk Management Analyst Job Vacancy in Arusha, Tanzania – Banking

Job Description

Position:Risk Management Analyst

Company:Ecobank Tanzania

Location:Arusha, Tanzania

Experience:3-5 years

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

Employment Type:Full-time

Industry:Banking

Department:Risk Management

Salary:1,500,000 – 2,500,000 SSP per month

Vacancies:1

Company Overview

Ecobank Tanzania is a leading pan-African banking institution with a strong presence across the continent. Established in 1985, the bank provides a comprehensive range of financial services, including retail banking, corporate banking, and treasury solutions. With a commitment to financial inclusion and sustainable growth, Ecobank Tanzania supports both individual customers and large enterprises in achieving their financial goals. The bank’s Arusha branch serves as a strategic hub for the northern region, offering innovative products and a customer‑centric approach that aligns with the bank’s vision of becoming the preferred bank in Tanzania. As part of its expansion strategy, Ecobank Tanzania continuously invests in talent, technology, and risk management frameworks to ensure resilience and compliance in a dynamic market.

Ecobank Tanzania is recognized for its robust corporate governance, adherence to international banking standards, and dedication to community development. The institution actively participates in local economic initiatives, supporting small and medium enterprises (SMEs) and promoting financial literacy across Tanzania. By fostering a culture of integrity, collaboration, and continuous improvement, Ecobank Tanzania creates an environment where professionals can thrive and contribute to the nation’s economic progress.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial risks associated with the bank’s operations in Tanzania. Reporting to the Head of Risk Management, the analyst will conduct quantitative and qualitative analyses, develop risk models, and provide actionable insights to senior management. This position offers a unique opportunity to work within a dynamic banking environment, contributing to the development of risk policies that safeguard the bank’s assets while supporting its growth objectives. The role involves close collaboration with credit, treasury, compliance, and business units to ensure a holistic risk management approach.

Ecobank Tanzania encourages applicants to explore further career opportunities on its main portal https://tanzaniajobsearch.com. For regional insights, candidates may also visit https://sudanjobsearch.com/ and https://ethiopiajobssearch.com/job-vacancy-in-ethiopia/ for comparative market perspectives.

Key Responsibilities

• Conduct comprehensive risk assessments for credit, market, operational, and liquidity risks.
• Develop and maintain risk measurement models, including Value at Risk (VaR) and stress testing frameworks.
• Prepare risk reports and dashboards for senior management and regulatory bodies.
• Monitor risk indicators and recommend mitigation strategies to business units.
• Collaborate with the compliance team to ensure adherence to local and international regulatory requirements.
• Assist in the development and implementation of the bank’s risk appetite framework.
• Participate in internal audit reviews and support external audit processes.
• Provide training and guidance to staff on risk awareness and best practices.

Required Skills

• Strong analytical and quantitative skills with proficiency in statistical software (e.g., SAS, R, Python).
• In-depth knowledge of banking risk concepts, Basel III standards, and local regulatory guidelines.
• Excellent communication skills, both written and verbal, to convey complex risk findings clearly.
• Ability to work independently and as part of cross‑functional teams.
• Attention to detail and strong problem‑solving capabilities.
• Proficiency in Microsoft Office Suite, especially Excel for data analysis.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, 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

Applicants should have 3 to 5 years of relevant experience in risk analysis, credit risk, market risk, or a similar role within a banking or financial services environment. Experience with risk modeling, regulatory reporting, and exposure to emerging market dynamics will be valued.

Salary

The successful candidate will receive a competitive monthly salary ranging from 1,500,000 to 2,500,000 SSP, commensurate with experience and qualifications. Performance‑based bonuses and other financial incentives are part of the remuneration package.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave and statutory holidays.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Ecobank’s risk framework and corporate culture.
• Continuous learning workshops on advanced risk modeling techniques.
• Access to e‑learning platforms for finance and risk management courses.
• Mentorship from senior risk officers and exposure to regional risk committees.

Working Environment

Ecobank Tanzania offers a modern office environment in Arusha equipped with state‑of‑the‑art technology and collaborative workspaces. The bank promotes a culture of inclusivity, encouraging diverse perspectives and fostering teamwork across all levels. Flexible working arrangements and a supportive leadership team ensure a balanced work‑life integration.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the Ecobank Tanzania career portal. Applications will be screened by the Talent Acquisition team, and shortlisted candidates will be invited for a series of interviews, including technical assessments and behavioral evaluations.

Equal Opportunity Statement

Ecobank 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. All qualified applicants will receive consideration for employment without discrimination.