Senior Risk Modelling Analyst Job Vacancy in Curepipe, Mauritius – Banking & Financial Services

Job Description

Position: Senior Risk Modelling Analyst

Company: Barclays Bank Mauritius

Location: Curepipe, Mauritius

Experience: 8+ years in risk modelling and quantitative analysis

Education: Master’s degree in Finance, Economics, Statistics, Mathematics or related field

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

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

Vacancies:1

Company Overview

Barclays Bank Mauritius is a leading international financial institution with a strong heritage of over 300 years in banking excellence. Operating across more than 40 countries, Barclays brings world‑class expertise, innovative digital solutions, and a commitment to sustainable growth to the Mauritian market. The bank’s Mauritius hub in Curepipe serves corporate, retail, and institutional clients, offering a full suite of banking services, from wealth management to trade finance. As part of its strategic expansion, Barclays continues to invest in talent, technology, and community initiatives, making it a top destination for professionals seeking dynamic career opportunities in Mauritius Jobs.

Job Overview

The Senior Risk Modelling Analyst will join the Risk Management department to design, develop, and validate advanced quantitative models that support credit, market, and operational risk assessments. Working closely with senior risk officers, data scientists, and business stakeholders, the analyst will ensure models meet regulatory standards and align with Barclays’ risk appetite. This role offers exposure to cutting‑edge analytics, cross‑functional collaboration, and the chance to influence risk strategy across the bank’s Mauritius operations. For more information about Barclays’ career path, visit https://mauritiusjobsearch.com/.

Key Responsibilities

• Develop and maintain robust credit, market, and operational risk models using statistical and machine learning techniques.
• Perform model validation, back‑testing, and stress testing to ensure accuracy and regulatory compliance.
• Collaborate with data engineering teams to acquire, clean, and transform large data sets from internal and external sources.
• Prepare detailed documentation, model governance reports, and presentations for senior management and regulators.
• Monitor model performance, identify drift, and implement enhancements to improve predictive power.
• Provide quantitative insights to support risk‑adjusted pricing, capital allocation, and strategic decision‑making.
• Mentor junior analysts and contribute to the development of best‑practice modelling frameworks.

Required Skills

• Advanced proficiency in Python, R, or SAS for statistical modelling and data analysis.
• Strong knowledge of risk modelling frameworks such as Basel III, IFRS 9, and CCAR.
• Experience with SQL, data warehousing, and big‑data platforms (e.g., Hadoop, Spark).
• Excellent analytical thinking, problem‑solving abilities, and attention to detail.
• Effective communication skills to translate complex quantitative concepts to non‑technical audiences.
• Ability to work independently and as part of a multidisciplinary team in a fast‑paced environment.

Education

A Master’s degree in Finance, Economics, Statistics, Mathematics, or a closely related discipline is required. Professional certifications such as FRM, CFA, or PRM are highly desirable and demonstrate a commitment to risk excellence.

Experience

Applicants must have at least eight years of hands‑on experience in risk modelling within a banking or financial services context. Prior exposure to regulatory model validation, credit risk analytics, or market risk measurement will be considered a strong advantage.

Salary

The compensation package ranges from SSP 1,200,000 to SSP 1,800,000 annually, commensurate with experience, expertise, and performance. The package includes a performance‑based bonus, pension contributions, and other statutory benefits.

Benefits

• Competitive annual salary with performance bonus.
• Comprehensive health and wellness insurance.
• Retirement savings plan with employer matching.
• Generous paid leave and flexible working arrangements.
• Employee assistance program and wellness initiatives.
• Access to global banking resources and professional networks.

Training

• Continuous professional development through Barclays Academy and external certifications.
• Regular workshops on advanced analytics, regulatory updates, and emerging risk trends.
• Mentorship programs pairing senior risk leaders with emerging talent.
• Opportunities to attend international conferences and industry forums.

Working Environment

Barclays offers a collaborative, inclusive, and technology‑driven workplace in Curepipe. The office features modern workstations, secure data labs, and meeting spaces designed for teamwork and innovation. Employees benefit from a culture that values diversity, ethical conduct, and a balanced work‑life integration.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the Barclays Careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted 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, ethnicity, age, disability, sexual orientation, or any other protected characteristic. All qualified applicants will receive consideration for employment without discrimination.