Risk Modeling Specialist Job Vacancy in Kisoro, Uganda – Banking & Finance

Job Description

Position:Risk Modeling Specialist

Company:Barclays Bank Uganda

Location:Kisoro, Uganda

Experience:5+ years of experience in risk modeling, quantitative analysis, and financial risk management.

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

Employment Type:Full-time

Industry:Banking & Finance

Department:Risk Management

Salary:UGX 3,500,000 – UGX 5,000,000 per month

Vacancies:1

Company Overview

Barclays Bank Uganda is a leading financial institution with a strong heritage of delivering innovative banking solutions across East Africa. As part of the global Barclays Group, the bank combines international best practices with deep local market knowledge, supporting individuals, SMEs, and large corporates in achieving their financial goals. With a commitment to digital transformation, sustainable finance, and inclusive growth, Barclays Uganda has become a preferred employer for professionals seeking dynamic career opportunities in Uganda. The bank’s risk culture is embedded in every decision, ensuring stability, compliance, and resilience in a rapidly evolving financial landscape. This environment creates a fertile ground for ambitious talent to contribute to the nation’s economic development while advancing personal expertise.

Job Overview

The Risk Modeling Specialist will join the Risk Management Department at Barclays Bank Uganda’s Kisoro branch, playing a pivotal role in designing, developing, and maintaining quantitative risk models that support credit, market, and operational risk assessments. The specialist will collaborate with cross‑functional teams, including Credit, Treasury, and Compliance, to ensure that risk insights are integrated into strategic decision‑making. This position offers a unique opportunity to work on cutting‑edge analytics, leverage advanced statistical techniques, and influence the bank’s risk appetite framework. For more information about Barclays Uganda’s career pathways, visit the official site at https://ugandajobssearch.com/. The role is essential for maintaining the bank’s reputation for sound risk governance and contributes directly to the broader goal of fostering sustainable economic growth in Uganda.

Key Responsibilities

• Develop, validate, and maintain quantitative models for credit, market, and operational risk.
• Perform stress testing and scenario analysis to assess the impact of macro‑economic changes on the bank’s portfolio.
• Collaborate with data engineering teams to ensure high‑quality data pipelines for model inputs.
• Prepare detailed model documentation, validation reports, and regulatory submissions.
• Monitor model performance, conduct back‑testing, and implement model enhancements as needed.
• Provide risk insights and recommendations to senior management and business units.
• Stay abreast of emerging risk modeling techniques, regulatory changes, and industry best practices.

Required Skills

• Proficiency in statistical programming languages such as R, Python, or SAS.
• Strong understanding of credit risk, market risk, and operational risk frameworks (e.g., Basel III, IFRS 9).
• Experience with data visualization tools (Tableau, Power BI) for presenting risk findings.
• Excellent analytical and problem‑solving abilities with attention to detail.
• Effective communication skills to translate complex model outcomes to non‑technical stakeholders.
• Ability to work independently and as part of a multidisciplinary team.

Education

A Master’s degree in Finance, Economics, Statistics, Applied Mathematics, or a related quantitative discipline is required. Professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) are highly desirable and demonstrate a commitment to the risk profession.

Experience

Applicants must have a minimum of five years of hands‑on experience in risk modeling within a banking or financial services environment. Prior exposure to regulatory model validation, stress testing, and the implementation of risk governance frameworks will be considered a strong advantage.

Salary

The compensation package ranges from UGX 3,500,000 to UGX 5,000,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, pension contributions, and other statutory benefits in line with Ugandan labor regulations.

Benefits

• Competitive health insurance covering employee and dependents.
• Retirement savings plan with employer matching contributions.
• Annual performance bonus linked to individual and bank performance.
• Paid annual leave, sick leave, and public holidays.
• Employee assistance program and wellness initiatives.

Training

• Access to Barclays Global Learning Academy for continuous professional development.
• Support for obtaining FRM, PRM, or CFA certifications.
• Regular workshops on advanced analytics, machine learning, and regulatory updates.
• Mentorship programs pairing junior staff with senior risk leaders.

Working Environment

The role is based in the modern Barclays branch office in Kisoro, offering a collaborative workspace equipped with state‑of‑the‑art technology. Employees benefit from a culture that values diversity, inclusion, and innovation. Flexible working arrangements are available to promote work‑life balance, and the bank encourages a proactive approach to health and well‑being.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the Barclays Careers portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a virtual interview followed by an on‑site assessment at the Kisoro office.

Equal Opportunity Statement

Barclays Bank Uganda is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, disability, religion, or sexual orientation. All qualified applicants will receive consideration for employment without discrimination.