Risk Manager

Our client, a registered Non‑Bank Financial Institution, is seeking to appoint a Risk Manager to report directly to the Chief Risk Officer. The successful candidate will provide independent oversight of the institution’s risk profile by designing, implementing, and enforcing a robust Enterprise Risk Management (ERM) framework. The role is responsible for ensuring that all material risks are appropriately identified, measured, monitored, and controlled within the approved risk appetite, while supporting sustainable business growth, regulatory compliance, and long‑term organisational resilience.

Responsibilities

Risk Governance & Framework Development

Develop, implement, and continuously enhance:

• Enterprise Risk Management Framework (ERMF)
• Risk Appetite Statement (RAS)
• Risk policies, procedures, and standards

• Define risk taxonomy, methodologies, and reporting standards.

Enterprise Risk Oversight

Provide independent oversight across all risk categories:

• Credit Risk – portfolio quality, concentration, underwriting standards as well as providing risk opinions on credit approval requests above assigned thresholds.
• Liquidity Risk – funding structure, cash concentration
• Market Risk – FX exposures, Interest Rate Risk
• Operational Risk – process failures, fraud, IT risks
• Challenge and provide risk input on: Business decisions, Growth strategies and New initiatives

Risk Analytics, KRIs & Dashboard Oversight

Oversee development and implementation of:

• Integrated risk dashboards
• Key Risk Indicators (KRIs)
• Early Warning Indicators (EWIs)
• Competitor and Market Analysis

Ensure dashboards provide:

• Forward-looking insights
• Trend analysis
• Deterioration alerts

Credit Risk Oversight

Monitor portfolio performance, including:

• PAR, NPL ratios, Deterioration rates
• Write-offs and recoveries
• Credit limits
• Assess sector and borrower concentration risks.

Ensure adequacy of:

• Credit controls
• Provisioning methodologies

Liquidity & Financial Risk Management

Oversee liquidity risk monitoring, including:

• Funding gaps
• Deposit concentration
• Cash positions

Ensure compliance with:

• Regulatory liquidity requirements
• Internal limits
• Lead liquidity stress testing and scenario analysis.

Operational Risk & Incident Governance

Establish and enforce:

• Incident management framework
• Severity classification and escalation protocols

Ensure:

• Critical incidents are escalated to EXCO
• Root causes are identified and addressed
• Oversee fraud risk management and control improvements
• Provide a framework for Business Impact Assessments and Business Continuity Planning + testing.

Stress Testing and scenario analysis

Design and lead stress testing frameworks, including:

• Credit shocks
• Liquidity stress scenarios
• Macroeconomic scenarios
• Capital adequacy assessment
• Risk quantification

Risk Reporting

Prepare high-quality:

• Board Risk Reports
• Management Reports
• EXCO risk dashboards

Provide:

• Forward-looking risk insights
• Strategic recommendations
• Drive automation and digitization of risk reporting.

Leadership & Risk Culture

• Supervise and develop Risk Officers.
• Promote strong risk culture and accountability across the institution.
• Ensure clear ownership of risks within the First Line.
• Participate in strategic planning and business decision-making.
• Provide risk input into: New product approvals, Partnerships and expansions.
• Support development of ESG and emerging risk frameworks.
• Contribute to continuous improvement of the ERM framework and Risk methodologies.

Requirements

• Bachelor’s degree in Risk Management, Finance, Economics, Business Administration, or a related field.
• Master’s degree or professional certifications in Financial and Risk preferred.
• 3 to 5+ years of progressive work experience in risk management, compliance, or internal auditing, preferably within a financial or regulated sector.
• Must have awareness of regulatory requirements for risk management banking, finance and micro-finance organisations in Zambia.
• Practical background in risk assessment, framework development, and internal controls.
• Proven experience with regulatory standards, data analysis, and financial reporting.
• Strong analytical, problem-solving, and critical thinking capabilities.
• Excellent verbal and written communication skills to report to senior leadership.
• Proficiency in productivity and analysis tools like Advanced Excel, among data extraction/risk management software.
• Capability to train employees and build a risk-aware organisational culture.

How to apply

Interested candidates should submit their application by 14th August 2026. Only shortlisted candidates will be contacted.

TopFloor Limited is an equal opportunity employer and does not charge candidates for job placement.