Risk Analyst (2 Positions)

Job description

MICRO FINANCE ZAMBIA LIMITED (PART OF ATLAS MARA)
WE’RE HIRING — RISK ANALYST (2 POSITIONS)

Micro Finance Zambia Limited (MFZ), a subsidiary of Atlas Mara, is inviting applications from dynamic, qualified, and analytical professionals to fill the position of Risk Analyst (2 Positions) based in Lusaka.

Position: Risk Analyst (2)
Location: Lusaka, Zambia
Employment Type: Full Time

Job Purpose:

To support the independent identification, assessment, monitoring, analysis, investigation support and reporting of material risks across MFZ. The role provides timely and decision-useful risk information, supports implementation of the Enterprise Risk Management Framework, strengthens risk and control oversight, and follows agreed actions to evidenced closure or escalation.

Key Responsibilities:

• Support the independent identification, assessment, monitoring, analysis, and reporting of material credit, operational, liquidity, market, and compliance risks across all MFZ business units and branch networks.
• Provide timely, accurate, and decision-useful risk analytics, Key Risk Indicator (KRI) reports, and risk dashboards to management and risk committees.
• Support the rollout, implementation, and continuous enhancement of the Enterprise Risk Management (ERM) Framework and operational risk management tools (RCSAs, incident reporting, loss data collection).
• Provide comprehensive investigation support regarding operational loss incidents, internal control failures, suspected fraud, and system anomalies.
• Strengthen risk and control oversight across product portfolios, lending procedures, and digital financial channels.
• Monitor, track, and follow up on agreed risk remediation actions, audit findings, and regulatory recommendations to ensure evidenced closure or appropriate formal escalation.
• Perform stress testing, scenario analysis, and credit portfolio vulnerability reviews to anticipate emerging financial and non-financial risks.

Qualifications, Experience & Competencies:

• Full Grade 12 Certificate with credits or better in Mathematics and English.
• Bachelor’s Degree in Banking & Finance, Risk Management, Economics, Statistics, Actuarial Science, Accounting (ZICA / ACCA / CIMA), Business Administration, or a closely related quantitative field.
• Relevant professional certifications in risk management (e.g., GARP, PRMIA, or equivalent) will be an added advantage.
• Minimum of 2 to 3 years’ direct experience in risk management, internal controls, or credit risk analytics within a microfinance institution, commercial bank, or financial services organization.
• Sound understanding of microfinance lending practices, Bank of Zambia (BoZ) regulatory guidelines, and risk management best practices.
• Advanced proficiency in Microsoft Excel, data analytics tools, and core banking or loan management software.
• Excellent problem-solving, analytical reasoning, and technical report-writing skills.
• High level of professional integrity, objectivity, and discretion in handling sensitive financial records.

How to Apply:

Interested and qualified candidates should send their updated Curriculum Vitae (CV) via email to:

📩 Email: recruitment@mfz.co.zm

Important Application Guidelines:
• Please include the position applied for (“Risk Analyst”) in the email subject field.
• Only shortlisted candidates will be contacted.
• For more job details, visit our website at: www.mfz.co.zm

📅 CLOSING DATE: Friday 23rd October 2026