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.
RISK MANAGEMENT DEPARTMENT

1. MANAGER – MARKET RISK * 1

JOB PURPOSE
The Manager – Market Risk is responsible for safeguarding the institution’s financial
stability by proactively identifying, analyzing, and mitigating market-related risks. This
role ensures that potential risks are assessed in advance and appropriate precautionary
measures are implemented to minimize their impact on investments and the overall
financial condition of the institution. The position plays a critical role in developing and
maintaining robust risk management frameworks aligned with regulatory requirements
and best practices.

KEY RESPONSIBILITIES
Under the supervision of the Chief Risk Officer (CRO), the following are among the job
key responsibilities:

GENERAL OPERATIONS
■ Assist the CRO in conducting the Bank’s business in an effective, responsible, and
ethical manner aligned with Board-approved strategies.
■ Implement policies and strategies approved by the Board and communicate them
to relevant staff.
■ Establish adequate internal controls supported by an effective internal control function.
■ Provide timely and relevant reports to the Board on risk management strategies,
exposures, compliance, and practices.
■ Oversee the development and implementation of the Bank’s Risk Management
function, including risk structure and reporting lines.
■ Support the development of the Bank’s risk culture, risk appetite, and risk limits
structure.
■ Monitor risk-taking activities and exposures to ensure alignment with approved risk
appetite and capital/liquidity needs.
■ Establish early warning systems for breaches of risk appetite or limits.
■ Develop and coordinate stress testing frameworks and scenarios.
■ Influence and challenge material risk decisions where necessary.
■ Drive risk management processes toward best practice.
■ Ensure risk management infrastructure (data architecture and IT systems) evolves
with business complexity.
■ Maintain accurate internal and external data for risk identification, assessment, and
strategic decision-making.
■ Ensure comprehensive risk identification and assessment processes, including
emerging risks.
■ Coordinate compilation of the Bank’s Internal Capital Adequacy Assessment Process
(ICAAP).
■ Advise senior management and the Board on material risks.
■ Provide input into fraud prevention, business continuity, and disaster recovery plans.
■ Develop and implement risk registers for all business units.
■ Facilitate orientation and training for Risk Committees and staff on risk management
principles.
■ Communicate risk management policies, strategies, and implementation plans to
stakeholders.
■ Sensitize management on the need for regular risk assessments for all material risks.

RISK REPORTING
■ Receive periodic reports from business units, review trends, aggregate data, and
compile monthly reports on all material risks for senior management.
■ Submit quarterly risk reports to the Board of Directors.
EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES
SUPPORTING YOU. DEVELOPING ZAMBIA
EMPLOYMENT AND CAREER DEVELOPMENT OPPORTUNITIES

MIDDLE OFFICE
■ Match positions in the system with the dealer’s blotter.
■ Check that all transactions on the dealer’s blotter are within board-approved rates.
■ Ensure all customer dealing mandates are duly signed and kept on record.
■ Process and sign ISDA documentation for swaps and derivatives where applicable.
■ Verify appropriate yield levels for mark-to-market of trading portfolios.
■ Confirm accounting deals recorded by the back office.
■ Verify the Bank’s profit and loss from trading activities.
■ Confirm deals executed by the back office.
■ Ensure dealings with counterparties operate within approved limits.
■ Ensure all dealers operate within approved limits.
■ Check rates used when revaluating positions.
■ Ensure assumed risk is properly estimated and expected return is compared to
actual return.
■ Review all trades to prevent fictitious transactions.
■ Measure the Bank’s exposure to foreign exchange, liquidity, and interest rate risk
using appropriate tools.
■ Analyze and monitor risk limits for liquidity, FX, and interest rate risk to ensure
compliance with risk appetite.
■ Report and initiate remedial action for breaches of tolerance limits.
■ Prepare risk reports for submission to the Bank of Zambia.
■ Ensure Treasury activities comply with the Bank’s Asset Liability policy and
regulatory requirements.
■ Monitor developments in local and global money markets and advise management
on trends.
■ Review counterparties to ensure compliance with acceptance criteria and mitigate
credit/reputation risk.
■ Conduct stress testing on market and liquidity risk positions.

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 market 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 FRM, CFA, or equivalent would be preferred.
■ Minimum of 5 years’ experience in Treasury and Risk Management, with at least 2
years in Treasury, Market Risk or Back Office.
■ Knowledge of regulatory requirements and risk management best practices.
■ Must be having a ACI Dealing/Operations Certificate/Diploma.

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.