Risk Management Analyst Job Vacancy in Tiaret, Algeria – Banking & Financial Services
Job Description
Position:Risk Management Analyst
Company:Baraka Bank
Location:Tiaret, Algeria
Experience:3-5 years in risk analysis, preferably in banking sector
Education:Bachelor’s degree in Finance, Economics, or related field; Master’s preferred
Employment Type:Full-time
Industry:Banking & Financial Services
Department:Risk Management
Salary:120,000 – 180,000 SSP per month
Vacancies:1
Company Overview
Baraka Bank is a leading financial institution in Algeria, recognized for its commitment to innovative banking solutions, robust risk governance, and community development. With a network of branches across the country and a strong digital platform, Baraka Bank provides retail, corporate, and investment banking services to a diverse client base. The bank’s strategic focus on sustainable growth and regulatory compliance makes it an attractive employer for professionals seeking dynamic career opportunities in Algeria. As part of its expansion strategy, Baraka Bank continues to invest in talent acquisition, especially in critical functions such as risk management, to safeguard assets and support long‑term stability.
For more information about Baraka Bank’s mission and values, visit the main website.
Job Overview
The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial and operational risks within Baraka Bank’s portfolio. Reporting to the Head of Risk Management, the analyst will collaborate with cross‑functional teams, including Credit, Treasury, Compliance, and IT, to develop risk models, conduct scenario analysis, and ensure adherence to both local and international regulatory standards. This position offers a unique opportunity to influence the bank’s risk culture, contribute to strategic decision‑making, and enhance the overall resilience of the institution.
This role is essential for supporting Baraka Bank’s ambition to become a benchmark for risk excellence in the Algerian banking sector, aligning with the broader goal of creating sustainable employment and career growth opportunities in Algeria.
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Key Responsibilities
- Develop and maintain quantitative risk models for credit, market, and operational risk.
- Perform regular risk assessments, stress testing, and scenario analysis to evaluate potential impacts on the bank’s balance sheet.
- Monitor key risk indicators (KRIs) and generate timely risk reports for senior management and regulatory bodies.
- Collaborate with the Credit Department to review loan proposals and assess creditworthiness using advanced analytics.
- Assist in the implementation of risk mitigation strategies, including risk limits, hedging, and policy updates.
- Support internal and external audit processes by providing required documentation and explanations.
- Stay updated on Algerian banking regulations, Basel III requirements, and international best practices.
- Contribute to the development of a risk‑aware culture through training sessions and knowledge sharing.
Required Skills
- Strong analytical and quantitative skills with proficiency in statistical software (e.g., SAS, R, Python).
- In‑depth understanding of banking risk frameworks, including credit, market, and operational risk.
- Excellent communication skills to present complex risk concepts to non‑technical stakeholders.
- Ability to work independently and as part of a multidisciplinary team.
- Attention to detail and a proactive approach to problem solving.
- Familiarity with regulatory reporting standards in Algeria and international guidelines.
Education
A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Candidates holding a Master’s degree or professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) will be given preference.
Experience
Applicants should have 3 to 5 years of hands‑on experience in risk analysis, risk modeling, or a related function within a banking or financial services environment. Experience with risk management software and exposure to regulatory compliance in Algeria is highly valued.
Salary
The compensation package ranges from 120,000 to 180,000 SSP per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and retirement benefits.
Benefits
- Competitive salary with annual performance bonuses.
- Comprehensive health and dental coverage.
- Retirement savings plan with employer contributions.
- Paid annual leave and public holidays.
- Professional development allowance.
- Access to Baraka Bank’s digital banking platforms for personal use.
Training
- On‑boarding program covering bank policies, risk frameworks, and compliance standards.
- Continuous learning opportunities through workshops, webinars, and certifications.
- Mentorship from senior risk managers and access to a knowledge‑sharing portal.
Working Environment
Baraka Bank offers a modern office environment in Tiaret equipped with state‑of‑the‑art technology, collaborative workspaces, and a supportive team culture. Employees benefit from flexible working hours, a focus on work‑life balance, and a commitment to diversity and inclusion.
Application Process
Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on Baraka Bank’s career page. 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
Baraka Bank is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees, regardless of gender, ethnicity, religion, or background. All qualified applicants will receive consideration for employment without discrimination.
