Risk Manager – ExpressCredit Zambia

Job Description

ExpressCredit is a global consumer finance company operating in Zambia and 3 surrounding countries, including Botswana, Namibia, and Lesotho. Our company helps individuals in a need of short-term and long-term financial solutions – all of which make a meaningful and lasting impact on the local communities.

Since 2018, ExpressCredit has more than tripled its global operations and grown significantly worldwide. If you want to work for a dynamic, forward-thinking and socially responsible financial services provider we are the right match for you!

To learn more about ExpressCredit, visit: www.expresscredit.co.zm

YesCash Zambia trading as Express Credit Zambia invites suitably qualified candidates based in Lusaka or willing to self-relocate to apply for the position of Risk Manager.

Job Purpose

To ensure the company operates within its defined risk appetite and adheres to both internal and external regulatory standards. This role involves overseeing the quality of the credit portfolio, analyzing performance metrics to guide strategic decisions, and performing regular ECL calculations in line with IFRS. Additionally, the position requires conducting thorough risk assessments, preparing detailed reports for senior management, and fostering a risk-aware culture through training and collaboration with compliance and legal teams

Key Responsibilities

• Responsible for assessing, managing and mitigating key risks (credit, operational, etc.) within YesCash.
• Oversee the quality and performance of the credit portfolio
• Analyze portfolio performance metrics, including loan performance, profitability, and credit risk indicators, to align product strategy, credit risk framework, and proactively support business decision-making
• Perform regular monthly ECL calculations in line with IFRS and company provisioning policy, methodology and guidelines
• Conduct regular risk assessments to analyze the severity and impact of identified risks; ensure follow-up actions as per prescribed guidelines and procedures
• Continuously monitor risk levels and assess the effectiveness of risk management framework and controls
• Prepare and present regular risk reports to senior management, highlighting key risk areas and recommending actions
• Ensure that provided risk management information is accurate, timely, and reliable
• Conduct risk management training sessions for employees to build a risk-aware culture within the organization
• Promote awareness of risk management principles and practices throughout the company
• Collaborate with compliance and legal teams

Requirements

• A relevant Bachelor’s degree from reputable university and/or a professional qualification i.e. Business Administration, Finance, Economics or related field,
• Full grade twelve certificate with a minimum of a credit in English and Mathematics.
• At least 5 years relevant work experience in Risk Management role preferably in a financial institution
• Risk management experience, credit portfolio management experience with in-depth understanding of credit risk frameworks, risk assessment, risk appetite and (credit) risk mitigations
• Understanding of IFRS and ECL calculations methodology; experience with ECL calculations
• Strong analytical and problem-solving skills
• Strong communication skills
• Strong collaboration skills
• Proficient Microsoft Office suite
• Advanced Excel Skills
• Proficient user of common data extraction and analysis tools – SQL,
• Valid Driver’s Licence