Chief Risk Officer Job Vacancy in Zomba, Malawi – Banking & Financial Services

Risk Officer
Zomba
September 3, 2026
Full Time
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Job Description

Position:Chief Risk Officer

Company:Nedbank Malawi

Location:Zomba, Malawi

Experience:10+ years senior risk management in banking

Education:Master’s degree in Finance, Risk Management, Economics or related field

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Risk Management

Salary:SSP 30,000,000 – SSP 45,000,000 per annum

Vacancies:1

Company Overview

Nedbank Malawi is a leading financial institution delivering innovative banking solutions across the nation. With a strong commitment to sustainable growth, the bank supports both corporate and retail clients, fostering economic development throughout Malawi. As part of the Nedbank Group, the subsidiary leverages regional expertise while maintaining a local focus, ensuring that customers receive world‑class service tailored to the Malawian market. This environment creates a dynamic platform for professionals seeking impactful careers in the financial sector. The bank’s reputation for integrity, customer centricity, and community involvement makes it an attractive employer for ambitious talent.

Job Overview

The Chief Risk Officer (CRO) will lead Nedbank Malawi’s enterprise risk management framework, ensuring that risk identification, assessment, monitoring, and mitigation align with the bank’s strategic objectives. Reporting directly to the Board of Directors, the CRO will shape risk culture, develop policies, and collaborate with senior leaders to embed risk‑aware decision making across all business units. This role is pivotal in safeguarding the bank’s assets, reputation, and regulatory compliance while supporting growth initiatives. For more information about our career portal, visit https://malawijobsearch.com.

Key Responsibilities

  • Design, implement, and continuously improve the enterprise risk management (ERM) framework in line with Basel III and local regulatory requirements.
  • Lead the risk appetite setting process, ensuring alignment with the bank’s strategic plan and capital allocation.
  • Oversee credit, market, operational, liquidity, and reputational risk functions, providing timely risk reports to the Board and senior management.
  • Develop and enforce risk policies, procedures, and controls, fostering a strong risk culture throughout the organization.
  • Conduct stress testing, scenario analysis, and forward‑looking risk assessments to anticipate emerging threats.
  • Collaborate with compliance, audit, and legal teams to ensure integrated governance and regulatory adherence.
  • Mentor and develop a high‑performing risk management team, promoting professional growth and knowledge sharing.
  • Represent Nedbank Malawi in regulatory meetings, industry forums, and stakeholder engagements related to risk matters.

Required Skills

  • Deep expertise in banking risk management, including credit, market, operational, and liquidity risk.
  • Strong analytical and quantitative skills with proficiency in risk modeling tools and statistical software.
  • Excellent communication and influencing abilities to convey complex risk concepts to non‑technical audiences.
  • Strategic thinking with a proactive approach to identifying and mitigating emerging risks.
  • Leadership experience managing cross‑functional teams in a regulated environment.
  • Knowledge of local regulatory frameworks (Bank of Malawi) and international standards such as Basel III.

Education

A Master’s degree in Finance, Risk Management, Economics, Business Administration, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) are highly desirable.

Experience

The successful candidate will have at least ten years of progressive experience in risk management within a commercial bank, with a minimum of five years in a senior leadership role overseeing enterprise‑wide risk functions.

Salary

The compensation package ranges from SSP 30,000,000 to SSP 45,000,000 annually, commensurate with experience and qualifications. The package includes performance‑based bonuses and long‑term incentive components.

Benefits

  • Comprehensive health insurance covering employee and dependents.
  • Retirement savings plan with employer contributions.
  • Generous paid leave, including annual, sick, and parental leave.
  • Professional development allowance for certifications and conferences.
  • Employee assistance program and wellness initiatives.

Training

  • Onboarding program covering Nedbank’s risk framework, systems, and culture.
  • Continuous learning opportunities through internal workshops, external seminars, and e‑learning platforms.
  • Leadership development tracks tailored for senior executives.

Working Environment

Nedbank Malawi offers a collaborative, inclusive, and technology‑enabled workplace located in the heart of Zomba’s business district. The office features modern workspaces, meeting rooms equipped with video‑conferencing tools, and a supportive environment that encourages innovation and work‑life balance.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the online application portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. For additional career resources, explore https://liberiajobsearch.com/job-vacancy-in-liberia/.

Equal Opportunity Statement

Nedbank Malawi 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. For more regional opportunities, visit https://botswanajobsearch.com/job-vacancy-in-botswana/.