Job Summary
- Type: full-time
- Location: Harare
- Category: Risk Management
- Closing Date: 2026-08-05
Key Responsibilities
- Assist teams in developing and maintaining a strong understanding of quantitative regulatory and internal risk management requirements related to various risks.
- With oversight/guidance from senior staff, research, analyze, code and document risk models for annual model reviews.
- Prepare performance metrics and perform, at a minimum, impact analysis, root cause analysis and statistical analysis for various business initiatives or regulatory pronouncements across the businesses.
- Provide advisory services at all levels on the various quantitative endeavors the Business Units (BU) might want to pursue, this includes stress testing and new or existing model builds.
- Oversee the development of models (that is, design, estimate, implement, test, document and maintain quantitative models), whilst ensuring that adequate documentation and controls are maintained for all models and methodologies to enhance decision making.
- Champion quantitative risk reviews and validations across OMZIL, this includes annual review and adequacy assessment of Key Risk Indicators, targeted financial model reviews / validations as contained in the OMZIL model inventory.
- Provide training to various stakeholders in order to improve the culture and skills base around quantitative risks. This includes up-skilling or re-skilling of colleagues in the risk and modelling fraternities.
- Champion data quality and integrity by highlighting data quality issues and suggesting appropriate solutions.
- Risk reporting.
- Provide comprehensive interpretations, explanations, and conclusions based on a set of analytic results, including identifying new opportunities to enhance existing decisions and risk management processes through the use of analytical and statistical models and tools.
- Ensuring that the control environment around quantitative risk areas aligns to policy and regulatory requirements.
- Assist the business with various financial risk deliverables, i.e. enhancement of existing techniques and the development of new risk measurement techniques.
- Facilitate the up-skilling and re-skilling of the business to embrace the future of quantitative risk methods.
Requirements
- First Degree in a quantitative field such as Mathematics, Statistics, Quantitative Finance, Econometrics, Physics, Engineering, Financial Engineering or Actuarial Sciences or equivalent. A postgraduate degree or professional qualification in a related field is an added advantage.
- A minimum of five (5) years of relevant experience related to financial modelling. Strong knowledge of risk models as well as capital adequacy standards (e.g. Basel I – IV, Solvency II or equivalent) and International Financial Reporting Standards (IFRS 9 & 17) are required as well as strong quantitative and analytical skills encompassing – model development /review, analytics or quantitative research) covering applied statistics, data manipulation, programming and analytical techniques such as linear and nonlinear regression, time series forecasting, panel data analysis, optimisation, data mining and survival analysis.
- Knowledge in programming and data analytics tools such as VBA, C++, python and R, among other languages is an added advantage.
- Skills -Communication, Management Reporting, Operational Efficiency, Quantitative Models, Quantitative Risk, Risk Reporting
- Competencies; -Business Insight -Courage -Decision Quality -Ensures Accountability -Financial Acumen -Instills Trust -Manages Complexity -Optimizes Work Processes
Salary
this position offer…
How to Apply
About the Company
OMZIL Group is a diversified business conglomerate with a significant operational footprint across Zimbabwe. The group holds substantial interests in the country's vital mining sector, focusing on the extraction and processing of minerals like chrome and gold. Beyond resource extraction, OMZIL Group also plays a crucial role in logistics, general trading, and commodity broking, supporting various industries within Zimbabwe. The company actively contributes to local economic development through job creation and strategic investments, serving both domestic and international markets from its Zimbabwean base.
Facilitating growth in Zimbabwe's mining, logistics, and trade sectors.
Frequently Asked Questions
What are the essential qualifications and certifications for a Group Quantitative and Financial Risk Officer in Zimbabwe?
Candidates typically need a degree in Actuarial Science, Financial Engineering, Statistics, or a related quantitative field. Professional certifications like FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly valued and often expected for such a specialized role.
What would be the typical day-to-day responsibilities for a Group Quantitative and Financial Risk Officer in a Zimbabwean context?
You would primarily focus on developing and implementing quantitative risk models, analyzing financial data, and preparing detailed risk reports for management. This includes monitoring market, credit, and operational risks across the group, ensuring compliance with local regulatory frameworks and economic conditions.
What is the typical work culture and what are the expectations for a role like this within a Zimbabwean financial group?
Expect a professional and often demanding environment, where adherence to deadlines and local regulatory compliance is paramount. Strong teamwork, initiative, and adaptability to Zimbabwe's evolving economic landscape are highly valued attributes in corporate settings.
What are the realistic career progression paths for a Group Quantitative and Financial Risk Officer in Zimbabwe?
Successful officers can advance to Head of Risk, Chief Risk Officer (CRO), or move into senior analytical or strategic planning roles within the financial sector. Specializing in specific risk areas or pursuing further executive education can also open up new opportunities within the group or other institutions.
What typical benefits can one expect for a senior risk management role in a Zimbabwean group?
Standard benefits usually include statutory leave, comprehensive medical aid coverage, and a pension scheme, though specifics vary by employer. Some organizations may offer additional perks like car allowance or performance-based bonuses, reflecting the seniority of the role.
What is the best way to apply for this role in Zimbabwe, and what do employers typically look for in candidates?
Applications are usually submitted online through company websites or professional job platforms, often requiring a detailed CV and cover letter. Employers seek candidates with strong analytical skills, a solid understanding of risk methodologies, and demonstrated experience in the Zimbabwean financial landscape, highlighting practical problem-solving abilities.