Risk Management Analyst Job Vacancy in Harare, Zimbabwe – Financial Services

Job Description

Position:Risk Management Analyst

Company:Old Mutual Zimbabwe

Location:Harare, Zimbabwe

Experience:3-5 years

Education:Bachelor’s degree in Finance, Economics, Business Administration or related field

Employment Type:Full-time

Industry:Financial Services

Department:Risk Management

Salary:SSP 250,000 – 350,000 per month

Vacancies:1

Company Overview

Old Mutual Zimbabwe is a leading provider of insurance, investment, and retirement solutions across Southern Africa. With a heritage spanning over a century, the company is committed to delivering innovative financial products that protect individuals, families, and businesses. Operating under the global Old Mutual brand, the Zimbabwe subsidiary adheres to the highest standards of corporate governance, sustainability, and community engagement. As a major employer in Harare, Old Mutual Zimbabwe offers a dynamic work environment that encourages professional growth, ethical conduct, and a strong focus on customer centricity. The organization continuously invests in technology and talent to stay ahead in a competitive market, making it an attractive destination for ambitious professionals seeking career advancement in Zimbabwe Jobs.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial and operational risks that could impact Old Mutual Zimbabwe’s profitability and reputation. Reporting to the Head of Risk Management, the analyst will collaborate with cross‑functional teams, including underwriting, finance, compliance, and IT, to develop robust risk frameworks and ensure alignment with regulatory requirements. This position offers a unique opportunity to influence strategic decision‑making, enhance risk awareness across the organization, and contribute to the overall stability of the financial services sector in Zimbabwe. Candidates will be part of a forward‑thinking team that values analytical rigor, proactive problem‑solving, and continuous improvement. The role is essential for supporting the company’s mission to provide secure and reliable financial solutions while fostering a culture of risk‑aware decision making.

For more information about the role and to explore other career opportunities, visit our partner portal at https://zimbabwejobsearch.com.

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Key Responsibilities

• Conduct quantitative and qualitative risk assessments for new and existing insurance products.
• Develop and maintain risk models, dashboards, and reporting tools to monitor key risk indicators.
• Collaborate with underwriting and finance teams to embed risk considerations into pricing and product design.
• Prepare risk analysis reports for senior management and regulatory bodies, ensuring compliance with the Reserve Bank of Zimbabwe guidelines.
• Identify emerging risks, including market, credit, operational, and cyber threats, and propose mitigation strategies.
• Support the implementation of risk mitigation initiatives and track their effectiveness over time.
• Participate in internal audit and external regulatory examinations, providing required documentation and explanations.

Required Skills

• Strong analytical and statistical skills with proficiency in Excel, VBA, and risk modeling software.
• Excellent written and verbal communication abilities to convey complex risk concepts to non‑technical stakeholders.
• Knowledge of Zimbabwean financial regulations, insurance standards, and Basel III principles.
• Attention to detail and ability to work under tight deadlines while maintaining high quality.
• Team player with a collaborative mindset and the capacity to influence cross‑functional partners.
• Proficiency in data visualization tools such as Power BI or Tableau is an advantage.

Education

The successful candidate must hold a Bachelor’s degree in Finance, Economics, Business Administration, Actuarial Science, or a related discipline. Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable and will be considered an asset during the selection process.

Experience

A minimum of three to five years of hands‑on experience in risk analysis, risk modeling, or related roles within the financial services or insurance industry is required. Experience with regulatory reporting, internal audit support, and cross‑departmental risk projects will be viewed favorably.

Salary

The compensation package ranges from SSP 250,000 to SSP 350,000 per month, commensurate with experience, qualifications, and demonstrated expertise. The package includes performance‑based bonuses, health insurance, pension contributions, and other statutory benefits.

Benefits

• Comprehensive medical and dental coverage for employee and dependents.
• Retirement savings plan with employer matching contributions.
• Annual performance bonus linked to individual and company targets.
• Paid parental leave, annual leave, and sick leave in accordance with Zimbabwe labour law.
• Employee assistance program and wellness initiatives.

Training

• Access to internal risk management workshops and external certification courses (e.g., FRM, CFA).
• Mentorship program with senior risk leaders.
• Continuous learning platform for upskilling in data analytics and regulatory compliance.

Working Environment

Old Mutual Zimbabwe offers a modern office environment in the heart of Harare’s business district, equipped with state‑of‑the‑art technology and collaborative workspaces. The company promotes a culture of inclusivity, integrity, and innovation, encouraging employees to share ideas and take ownership of their projects. Flexible working arrangements, including remote work options, are available to support work‑life balance.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on the Old Mutual Zimbabwe careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

Old Mutual Zimbabwe 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 without regard to any protected characteristic.