Chief Risk Officer Job Vacancy in Maseru, Lesotho – Banking & Finance

Job Description

Position:Chief Risk Officer

Company:First National Bank (FNB) Lesotho

Location:Maseru, Lesotho

Experience:10+ years in risk management, preferably in banking sector

Education:Master’s degree in Finance, Risk Management, or related field

Employment Type:Full-time

Industry:Banking & Finance

Department:Risk Management

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

Vacancies:1

Company Overview

First National Bank (FNB) Lesotho is a leading financial institution delivering innovative banking solutions across Southern Africa. With a strong commitment to financial inclusion, digital transformation, and sustainable growth, FNB Lesotho supports individuals, SMEs, and large corporations in achieving their financial goals. The bank’s robust risk culture, cutting‑edge technology platforms, and customer‑centric approach have positioned it as a trusted partner in the region’s economic development. As part of the broader FNB Group, the Lesotho subsidiary benefits from global best practices, extensive training programs, and a collaborative network that drives excellence in every facet of banking.

FNB Lesotho actively contributes to the local community through corporate social responsibility initiatives, financial literacy programs, and partnerships with government agencies. The bank’s vision is to become the most innovative and inclusive bank in Lesotho, fostering economic empowerment and supporting the nation’s growth agenda. This commitment creates a dynamic environment where talented professionals can thrive, innovate, and make a meaningful impact on the country’s financial landscape.

Job Overview

The Chief Risk Officer (CRO) will lead FNB Lesotho’s enterprise risk management framework, ensuring that risk identification, assessment, mitigation, and monitoring align with the bank’s strategic objectives and regulatory requirements. Reporting directly to the Managing Director, the CRO will shape risk policies, oversee risk analytics, and embed a risk‑aware culture throughout the organization. This senior leadership role offers a unique opportunity to influence the bank’s risk appetite, safeguard its assets, and support sustainable growth in a rapidly evolving financial environment.

As part of the role, the CRO will collaborate closely with the Board of Directors, senior business units, and external regulators. The position is pivotal in driving risk‑based decision making, enhancing governance standards, and ensuring compliance with Basel III, local banking regulations, and international best practices. The CRO will also champion the integration of advanced risk technologies, such as AI‑driven credit scoring and real‑time risk dashboards, to strengthen the bank’s resilience.

For candidates seeking a high‑impact leadership role in a forward‑thinking bank, this position provides a platform to shape risk strategy, mentor a talented risk team, and contribute to the broader economic development of Lesotho.

Explore more about our digital initiatives at https://lesothojobsearch.com.

Key Responsibilities

• Develop, implement, and continuously improve the enterprise risk management (ERM) framework in line with regulatory standards and the bank’s strategic goals.
• Lead the identification, assessment, and monitoring of credit, market, operational, liquidity, and reputational risks across all business lines.
• Present risk reports and recommendations to the Board Risk Committee and senior management, ensuring transparent communication of risk exposures.
• Oversee the development of risk appetite statements, limits, and tolerance levels, and ensure adherence throughout the organization.
• Collaborate with business units to embed risk‑aware decision making into product development, pricing, and strategic planning.
• Manage the risk analytics team, providing mentorship, performance feedback, and professional development opportunities.
• Ensure compliance with Basel III, local banking regulations, and international best practices, coordinating with internal audit and external regulators.
• Drive the adoption of advanced risk technologies, including predictive analytics, AI‑based credit scoring, and real‑time risk monitoring tools.
• Lead stress testing, scenario analysis, and contingency planning to assess the bank’s resilience under adverse conditions.
• Promote a strong risk culture through training, awareness campaigns, and continuous improvement initiatives.

Required Skills

• Deep expertise in enterprise risk management, preferably within the banking sector.
• Strong knowledge of Basel III, local regulatory frameworks, and international risk standards.
• Proven leadership experience managing multidisciplinary risk teams.
• Advanced analytical skills with proficiency in risk modeling, statistical analysis, and data visualization tools.
• Excellent communication and influencing skills, capable of presenting complex risk concepts to senior executives and board members.
• Strategic mindset with the ability to align risk initiatives with business objectives.
• Experience with digital risk technologies, including AI, machine learning, and real‑time risk dashboards.
• High ethical standards and a commitment to fostering a risk‑aware culture.

Education

Master’s degree in Finance, Risk Management, Economics, Business Administration, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager), PRM (Professional Risk Manager), or CFA are highly desirable.

Experience

Minimum of 10 years of progressive experience in risk management within a banking or financial services environment, with at least 5 years in a senior leadership role overseeing enterprise‑wide risk functions.

Salary

The successful candidate will receive a competitive monthly salary ranging from SSP 800,000 to SSP 1,200,000, commensurate with experience and qualifications. The compensation package includes performance‑based bonuses, health insurance, pension contributions, and other benefits.

Benefits

• Performance‑linked annual bonus
• Comprehensive health and medical coverage
• Pension scheme with employer contributions
• Professional development and certification support
• Flexible working arrangements and paid leave

Training

• Access to FNB Group’s global risk management training programs
• Continuous learning opportunities through workshops, webinars, and conferences
• Mentorship from senior risk leaders across the FNB network

Working Environment

FNB Lesotho offers a collaborative, inclusive, and innovative workplace where diversity of thought is celebrated. Employees benefit from modern office facilities in Maseru, state‑of‑the‑art technology platforms, and a culture that encourages continuous improvement and professional growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on our website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

For additional career resources, visit https://www.liberiajobsearch.com/.

Equal Opportunity Statement

FNB Lesotho 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 regard to any protected characteristic.