Senior Risk Modeling Analyst Job Vacancy in Kericho, Kenya – Banking & Financial Services

Job Description

Position: Senior Risk Modeling Analyst

Company: Co-operative Bank of Kenya

Location: Kericho, Kenya

Experience: 5+ years in risk modeling, quantitative analysis, and financial services

Education: Bachelor’s degree in Finance, Economics, Mathematics or related field; Master’s preferred

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: SSP 150,000 – 250,000 per month

Vacancies:1

Company Overview

Co-operative Bank of Kenya is a leading financial institution with a strong heritage of serving individuals, SMEs, and large corporates across the nation. With a commitment to inclusive banking, the bank has expanded its footprint to over 200 branches, including a vibrant presence in the high‑growth region of Kericho. The bank’s strategic focus on digital transformation, sustainable finance, and robust risk governance makes it an attractive employer for professionals seeking to shape the future of banking in Kenya. As part of its ongoing growth, the bank is actively hiring top talent to strengthen its risk analytics capabilities, ensuring resilience and compliance in a rapidly evolving financial landscape. This role offers a unique opportunity to contribute to a forward‑looking institution that values innovation, integrity, and community impact.

For more information about the bank’s mission and values, visit the main website.

Job Overview

The Senior Risk Modeling Analyst will lead the design, development, and validation of advanced risk models that support credit, market, and operational risk management across the bank’s portfolio. Reporting to the Head of Risk Analytics, the incumbent will collaborate with cross‑functional teams, including credit officers, data engineers, and senior executives, to translate complex data into actionable insights. The role demands a blend of quantitative expertise, strong communication skills, and a deep understanding of Kenyan regulatory requirements. By leveraging cutting‑edge statistical techniques and machine learning tools, the analyst will help the bank maintain a strong risk culture while driving profitability and compliance.

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Key Responsibilities

• Develop, implement, and maintain quantitative risk models for credit, market, and operational risk.
• Perform model validation, back‑testing, and stress testing in line with Basel III and local regulator guidelines.
• Collaborate with data engineering teams to ensure high‑quality data pipelines for model inputs.
• Prepare comprehensive model documentation, governance reports, and presentation decks for senior management and regulators.
• Monitor model performance, identify drift, and recommend enhancements or recalibrations.
• Provide analytical support for risk‑adjusted pricing, capital allocation, and strategic decision‑making.
• Mentor junior analysts and contribute to the development of the risk analytics community within the bank.

Required Skills

• Proficiency in statistical programming languages such as R, Python, or SAS.
• Strong knowledge of credit risk modeling techniques (PD, LGD, EAD) and market risk VaR methodologies.
• Experience with SQL and data manipulation in large relational databases.
• Familiarity with machine learning libraries (e.g., scikit‑learn, TensorFlow) for predictive analytics.
• Excellent analytical thinking, problem‑solving abilities, and attention to detail.
• Effective communication skills to convey complex concepts to non‑technical stakeholders.
• Understanding of Kenyan banking regulations and Basel III standards.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related quantitative discipline is required. A Master’s degree or professional certifications such as FRM, CFA, or PRM are highly desirable and will be considered an advantage during the selection process.

Experience

The ideal candidate will have at least five years of hands‑on experience in risk modeling within a banking or financial services environment. Demonstrated experience in model development, validation, and regulatory reporting is essential. Prior exposure to the Kenyan market and familiarity with local credit products will be viewed favorably.

Salary

The compensation package ranges from SSP 150,000 to SSP 250,000 per month, commensurate with experience, qualifications, and performance. The package includes performance‑based bonuses, health insurance, pension contributions, and other employee benefits.

Benefits

• Comprehensive health and medical coverage.
• Retirement savings plan with employer matching.
• Annual performance bonus linked to individual and bank performance.
• Professional development allowance for certifications and conferences.
• Flexible working arrangements and remote work options where applicable.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering bank policies, risk framework, and technology platforms.
• Continuous learning opportunities through internal risk analytics workshops.
• Access to e‑learning platforms for advanced statistical and machine learning courses.
• Mentorship from senior risk leaders and exposure to cross‑functional projects.

Working Environment

The role is based in the modern Co-operative Bank office in Kericho, featuring open‑plan workspaces, collaborative meeting rooms, and state‑of‑the‑art IT infrastructure. The bank promotes a culture of inclusion, innovation, and continuous improvement, encouraging employees to share ideas and drive change. Employees enjoy a supportive environment that balances high performance with work‑life harmony.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the bank’s career page. Applications will be screened by the Talent Acquisition team, followed by a technical interview, a case‑study assessment, and a final interview with senior risk leadership. The recruitment timeline typically spans four to six weeks.

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Equal Opportunity Statement

Co-operative Bank of Kenya 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 discrimination.