Risk Management Analyst Job Vacancy in Bambous, Mauritius – Banking & Financial Services

Job Description

Position: Risk Management Analyst

Company: Barclays Bank Mauritius

Location: Bambous, Mauritius

Experience: 5+ years in banking risk analysis

Education: Bachelor’s degree in Finance/Economics; Master’s preferred

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: 800,000 – 1,200,000 SSP per annum

Vacancies:1

Company Overview

Barclays Bank Mauritius, a subsidiary of the global financial institution Barclays PLC, has been a cornerstone of the Mauritian banking landscape for over three decades. With a commitment to innovation, sustainability, and customer-centric solutions, the bank offers a comprehensive suite of services ranging from retail banking and wealth management to corporate finance and trade services. As part of its strategic growth plan, Barclays is expanding its risk management capabilities to safeguard assets, ensure regulatory compliance, and support the evolving needs of its diverse client base across Mauritius and the wider Indian Ocean region. The bank’s culture promotes integrity, collaboration, and continuous learning, making it an ideal environment for professionals seeking to advance their careers in a dynamic, internationally‑connected setting. This role contributes directly to the bank’s mission of delivering secure, reliable financial services while fostering economic development in Mauritius.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial and operational risks across Barclays Bank Mauritius. Reporting to the Head of Risk Management, the analyst will work closely with business units, compliance teams, and senior leadership to develop robust risk frameworks, conduct quantitative analyses, and produce actionable insights that drive strategic decision‑making. This position offers a unique opportunity to influence the bank’s risk appetite, enhance its risk culture, and support the delivery of innovative banking products in a highly regulated environment. The successful candidate will be instrumental in ensuring that Barclays remains a trusted partner for its customers and a resilient institution in the face of market volatility.

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Key Responsibilities

• Conduct comprehensive risk assessments for new and existing banking products, including credit, market, liquidity, and operational risk.
• Develop and maintain risk models, stress‑testing frameworks, and scenario analyses aligned with Basel III and local regulatory standards.
• Prepare detailed risk reports and dashboards for senior management, highlighting key risk indicators and mitigation strategies.
• Collaborate with the Credit Department to evaluate loan portfolios, monitor credit quality, and recommend risk‑adjusted pricing.
• Support the implementation of the bank’s Enterprise Risk Management (ERM) policies and ensure adherence to the Risk Appetite Statement.
• Monitor regulatory changes in Mauritius and internationally, translating requirements into actionable policies.
• Assist in internal and external audit processes, providing documentation and evidence of risk controls.
• Participate in cross‑functional risk committees, contributing expertise to business strategy discussions.

Required Skills

• Strong analytical and quantitative skills with proficiency in statistical software (e.g., SAS, R, Python) and advanced Excel.
• In‑depth knowledge of banking regulations, Basel III, and local financial supervisory guidelines.
• Excellent communication skills, capable of presenting complex risk concepts to non‑technical stakeholders.
• Attention to detail and ability to work under tight deadlines while maintaining high quality standards.
• Team‑oriented mindset with proven ability to collaborate across departments.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Mathematics, or a related discipline is required. Candidates holding a Master’s degree or professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) will be given preference.

Experience

Applicants must have at least five years of hands‑on experience in risk analysis, risk modelling, or related functions within a reputable banking or financial services institution. Prior exposure to credit risk assessment, market risk analytics, or operational risk management is essential.

Salary

The compensation package ranges from 800,000 to 1,200,000 SSP per annum, commensurate with experience and qualifications. In addition to the base salary, the role includes performance‑based bonuses, health insurance, and a comprehensive retirement plan.

Benefits

• Competitive salary and performance bonuses.
• Comprehensive medical and dental coverage.
• Retirement savings scheme with employer contributions.
• Generous paid leave, including annual, sick, and parental leave.
• Employee assistance program and wellness initiatives.

Training

• Access to Barclays Global Learning Platform for continuous professional development.
• Support for obtaining industry certifications such as FRM, CFA, or CPA.
• Regular workshops on regulatory updates, risk modelling techniques, and emerging financial technologies.

Working Environment

Barclays Bank Mauritius offers a modern, collaborative workspace located in the heart of Bambous, equipped with state‑of‑the‑art technology and flexible working arrangements. The bank fosters a culture of inclusion, encouraging diverse perspectives and promoting work‑life balance through remote‑work options and flexible hours where appropriate.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on our website. 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

Barclays Bank Mauritius 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, sexual orientation, or any other protected characteristic.