Job Details

Job Description

Indo Zambia Bank Limited, a commercial bank that has been operating in Zambia since 1984, with a branch network of 37 branches and 7 agencies across the country, the bank
has exciting career opportunities for individuals seeking to grow in the banking and financial services sector.

2. MANAGER – CREDIT RISK * 1
   JOB PURPOSE
   To support the organization in identifying, assessing, and managing credit risks to ensure
   the Bank operates within its approved risk appetite. The role involves implementing
   credit risk frameworks, monitoring exposures, and providing strategic insights to
   safeguard the Bank’s financial stability.
   SUPPORTING YOU. DEVELOPING ZAMBIA
   EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES
   KEY RESPONSIBILITIES
   Under the supervision of the Chief Risk Officer (CRO), the following are among the job
   key responsibilities:

GENERAL OPERATIONS
■ To assist the Chief Risk Officer in conducting the Bank’s business and affairs in
an effective, responsible, and ethical manner, consistent with the principles and
direction established by the Board through the strategic plan.
■ To assist the Chief Risk Officer in implementing policies and strategies approved
by the Board and communicating them to all relevant staff.
■ To assist the Chief Risk Officer in establishing adequate internal controls supported
by an effective internal control function.
■ To assist the Chief Risk Officer in providing the Board with timely and relevant reports
on risk management strategies, exposures, practices, and compliance with laws,
regulations, supervisory directives, industry codes of conduct, and internal policies.
■ To assist the Chief Risk Officer in overseeing the development and implementation
of the Bank’s Risk Management function, including setting up the risk management
structure and reporting lines.
■ To assist the Chief Risk Officer in supporting the development of the Bank’s risk
culture, risk appetite, and translating the risk appetite into a risk limits structure, risk
identification and assessment methodology, and risk classification (risk universe).
■ To assist the Chief Risk Officer in ongoing monitoring of risk-taking activities and
exposures to ensure alignment with the Board-approved risk appetite, risk limits,
and corresponding capital or liquidity needs.
■ To assist the Chief Risk Officer in establishing an early warning or trigger system
for breaches of the Bank’s risk appetite or limits.
■ To assist the Chief Risk Officer in establishing a framework for stress testing
and coordinating stress testing activities across the Bank, including developing
assumptions and scenarios.
■ To assist the Chief Risk Officer in influencing and, where necessary, challenging
material risk decisions.
■ To assist the Chief Risk Officer in continuously driving risk management processes
toward best practice.
■ To assist the Chief Risk Officer in ensuring the Bank’s risk management infrastructure,
particularly data architecture and IT systems, keeps pace with business complexity.
■ To assist the Chief Risk Officer in ensuring accurate internal and external data for
risk identification, assessment, strategic decision-making, and determining capital
and liquidity adequacy.
■ To assist the Chief Risk Officer in ensuring the risk identification process encompasses
all material risks, both on and off-balance sheet.
■ To assist the Chief Risk Officer in ensuring the risk assessment process includes
ongoing analysis of existing risks and identification of new or emerging risks,
developing mitigation actions.
■ To assist the Chief Risk Officer in coordinating the compilation of the Bank’s Internal
Capital Adequacy Assessment Process (ICAAP) document.
■ To assist the Chief Risk Officer in advising senior management and the Board on
the quantum and direction of the Bank’s material risks.
■ To assist the Chief Risk Officer in ensuring risk identification and measurement
includes both quantitative and qualitative elements, including a bank-wide view
of risks relative to the external operating environment.
■ To assist the Chief Risk Officer in providing input into fraud prevention strategy,
business continuity plans, and disaster management plans.
■ To assist the Chief Risk Officer in developing and implementing Risk Registers for
all business units.
■ To assist the Chief Risk Officer in facilitating orientation and training for the
Risk Management Committee and Board Risk Committee and transferring risk
management principles through training interventions.
■ To assist the Chief Risk Officer in communicating risk management policy, strategy,
and implementation plan to all stakeholders.
■ To assist the Chief Risk Officer in sensitizing management on the need for regular
risk assessments for all material risks.
■ To assist the Chief Risk Officer in conducting stress testing on all Bank business
functions and as required by the regulator.
■ To assist the Chief Risk Officer in undertaking credit risk evaluation on proposals
under the Credit Risk Evaluation Committee.
■ To assist the Chief Risk Officer in the process of Credit Rating as per Bank policies.
■ To assist the Chief Risk Officer in undertaking Credit Risk Modelling of the Bank.

SUPPORTING YOU. DEVELOPING ZAMBIA

EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES
■ To assist the Chief Risk Officer in creating, managing, updating, and monitoring
credit risk tolerance limits.
■ To assist the Chief Risk Officer in analyzing trends in macroeconomy and industries
that may impact the Bank’s credit risk.
■ To assist the Chief Risk Officer in formulating and monitoring Credit Risk Weighted
Assets measurement templates as per regulatory/BASEL guidelines.

RISK REPORTING
■ To assist the Chief Risk Officer in receiving periodic reports from business units,
reviewing trends, aggregating data, and compiling monthly reports on all material
risks for senior management.
■ Submit quarterly risk reports to the Board of Directors.

OTHER DUTIES
Undertake assignments as directed by the Chief Risk Officer.

REQUIRED SKILLS AND ATTRIBUTES
■ Strong analytical and data interpretation skills.
■ Decision-making and strategic planning abilities.
■ Deep understanding of credit risk and risk management frameworks.
■ Excellent interpersonal, communication, and negotiation skills.

QUALIFICATIONS AND EXPERIENCE
■ Degree in Finance, Economics, Risk Management, or related field.
■ A Master’s degree in any of the above fields will be an added advantage.
■ Professional certifications such as CFA, FRM, ACCA, CIMA or equivalent would be
preferred.
■ Minimum of 5 years’ experience in Credit Assessment/Appraisal/Analysis or Risk
Management, with at least 2 years in Credit/Credit Risk.

APPLICATION PROCESS
Applications should be submitted online via the following link: APPLY HERE , clearly
indicating the position being applied for. Please ensure that you upload clearly scanned
copies of your Curriculum Vitae, Certifications, and other supporting documents.
Physical applications will NOT be accepted. The closing date for applications is 30th
January 2026.