Multiple Positions

The Bank of Zambia, an equal opportunity employer, invites applications from suitably qualified and experienced Zambians for the following vacant positions:

1.Manager - Shared Services and Compensation

Job Purpose

Plan, develop and implement new and revised compensation programs, policies and procedures to be responsive to the Bank of Zambia's goals and competitive practices. This position is also responsible for managing the Bank’s Human Resource Information Systems (HRIS).

Main Accountabilities

• Develop and implement Compensation and Remuneration strategies for the Bank.

• Conduct annual market research on remuneration and conditions of services for all categories of staff in order to recommend appropriate adjustments.

• Develop appropriate salary structures and administer salary and other staff benefits including loans in line with approved Bank policies.

• Analyse Human Resources data/information and produce customised and specialized reports for strategic decision making

• Compile monthly /quarterly and annual management and board reports to facilitate decision making and inform management on the activities of the Department

• Monitor and analyse departmental budget reports on a monthly basis

• Conduct awareness sessions on the Bank’s Human Resource Policies and Conditions of Services.

Qualifications and Experience

• Knowledge and interpretation of existing labour and related laws required.

• Labour laws and Legislation

• Business process Knowledge

• Statistics and its application in business

• Creativity

• Attention to detail

• Negotiation

• Communication and presentation

• Analytical Thinking

• Proficiency in Oracle, Excel and other Computer Packages

• Information technology and how it can enable business processes

Key Knowledge and Attributes

• Grade 12 School Certificate with a minimum of five (5) ‘O’ levels (credit or better)

• MSc/MA/MBA in Human Resources Management/ Social Sciences or equivalent

• Valid practicing license

• Five (5) years’ relevant experience.

Key attributes

• Knowledge and interpretation of existing labour and related laws required.

• Labour laws and Legislation

• Business process Knowledge

• Statistics and its application in business

• Creativity

• Attention to detail

• Negotiation

• Communication and presentation

• Analytical Thinking

• Proficiency in Oracle, Excel and other Computer Packages

• Information technology and how it can enable business processes

2.Asistant Manager - Finance

Job Purpose

Monitoring the overall performance of the Deposit Insurance Fund and, to prepare and maintain accurate and timely financial and other records relating to the activities of the Deposit Insurance Scheme including premium collection, investments portfolio and target fund.

Main Accountabilities

• Monitor premium collections and produce regular reports on the performance of the Deposit Insurance Scheme to inform management decisions.

• Review and recommend adjustments to the levels of premiums, target fund and coverage limits;

• Prudently manage the Deposit Insurance Fund and investments to optimize the size of the Fund in order to align with the objectives of the Deposit Insurance Scheme.

• Participate in the review of the regulatory framework and propose changes in line with market developments and international best practice on deposit insurance;

• Review and analyse prudential and deposits data submitted by member institutions to ensure that accurate information pertaining to depositors is maintained and performance indicators generated;

• Review and analyse information of the member institutions and manage risks to the Fund through sound advice on investment strategies and liquidity management;

• Prepare weekly, monthly and quarterly off-site analysis reports on investment portfolio, liquidity, and market conditions benchmarked against strategic and operational plans; and

• Undertake research on deposit insurance systems and practices to improve the overall management and administration of the Fund.

Qualifications and Experience

• Knowledge of the BFSA and other laws, regulations and guidelines related to the

financial sector.

• Strong analytical and quantitative skills.

• Computer Literate with strong Excel skills

• Interpersonal and Communication skills

• Analytical and problem-solving skills

• Presentation skills

Key Knowledge and Attributes

• Bachelor of Arts (BA)/Bachelor of Science (BSc) (in Accounting, Business Administration, finance or equivalent, CA, ACCA, CIMA will be an added advantage

• Grade 12 School Certificate with a minimum of five (5) ‘O’ levels (credit or better)

• Three (3) years’ relevant experience

Key attributes

• Knowledge of the BFSA and other laws, regulations and guidelines related to the

financial sector.

• Strong analytical and quantitative skills.

• Computer Literate with strong Excel skills

• Interpersonal and Communication skills

• Analytical and problem-solving skills

• Presentation skills

3.Assistant Manager - Analytics and Research

Job Purpose

To support the development, management, and analysis of financial inclusion data and research activities, providing evidence-based insights that inform policy formulation, product innovation, and strategic decision-making at the Bank.

Main Accountabilities

• Support the development and refinement of data frameworks, metrics, and indicators to enable evidence-based decision-making and effective tracking of financial inclusion progress.

• Assist in aligning indicators with national strategies and Bank objectives to ensure consistency and strategic relevance of measurement frameworks.

• Support the collection, validation, updating, and integration of financial inclusion data into the Data Warehouse to ensure availability of accurate, reliable, and accessible data.

• Assist in coordinating FinScope and other surveys, including liaising with stakeholders and service providers to ensure timely delivery of high-quality survey outputs.

• Support the design and execution of diagnostic surveys and research studies to generate insights for policy development and market interventions.

• Conduct data analysis and contribute to analytical reports to provide actionable insights on financial inclusion trends, challenges, and opportunities.

• Provide data and analytical support to internal and external stakeholders to enhance informed decision-making and stakeholder engagement.

• Assist in developing Concept Notes, TORs, and data collection tools to ensure structured and high-quality implementation of research and monitoring activities.

• Support the development and updating of log-frames, results chains, indicators, and M&E reports to strengthen results-based management and ensure compliance with Bank and national frameworks.

• Collaborate with internal and external stakeholders and contribute to knowledge dissemination to support impact assessments, case studies, and promote learning and best practices.

Qualifications and Experience

• Analytical, conceptual, communication and research skills.

Key Knowledge and Attributes

• Bachelor’s degree in economics, banking and finance, business administration, accountancy, or related discipline or certification in ZICA or equivalent.

• Grade 12 School Certificate with a minimum of five (5) ‘O’ levels (credit or better)

• Three (3) years’ relevant experience

Key attributes

• Analytical, conceptual, communication and research skills.

4.Analyst - Problem Bank Management and Resolution

Job Purpose

To monitor, assess the risk profile and financial soundness of institutions designated as problem banks as defined in the Supervision and Resolution of Problem Institutions Policy, and ensure compliance with the Banking and Financial Services Act (BFSA), any other applicable legislation, own policies and best practice so as to promote financial system stability.

Main Accountabilities

- Analyse prudential returns of assigned problem institutions on a weekly, monthly, quarterly and annual basis with particular attention to evolution of capital adequacy, earnings, asset quality, liquidity and sensitivity to market risk.

- Prepare daily, monthly, quarterly and annual reports, as the case may be, in order to communicate identified weaknesses and recommend prompt corrective action in line with the Problem Bank Management and Resolution Framework.

- Monitor the effectiveness of prompt corrective actions and other supervisory directives and timely advise the supervisor of significant concern.

- Analyse financial and non-financial information of assigned banks in order to develop and maintain up-to-date Institutional profiles;

- Conduct on-site examinations in order to validate prudential information received with a view to determining (i) adequacy of risk management and governance practices; (ii) effectiveness of internal control systems; and (iii)compliance with laws and regulations.

- Recommend appropriate sanctions if the bank is found to be engaged in unsafe and unsound practices as prescribed in the BFSA

- Organise and attend ad-hoc, and scheduled prudential meetings for assigned banks, take minutes and ensure that follow up mattes are duly noted for action

- Review and assess submitted recovery/turnaround plans for viability and report to supervisor on the merits and shortcomings identified

- Prepare briefing notes and presentations for Senior Management on assigned institutions including ad hoc requests on problem institutions; and

- Participate in the development/enhancement of supervisory policies and procedures for the management of distressed institutions.

Qualifications and Experience

• Knowledge of the BFSA and other financial sector laws and regulations

• Knowledge of bank resolution best practices

• Computer skills

• Interpersonal skills

• Oral and written communication skills

• Analytical and problem-solving skills

• Presentation skills

Key Knowledge and Attributes

- Bachelor of Arts (BA)/Bachelor of Science (BSc) (in business administration, LLB or equivalent, CA, ACCA, CIMA or equivalent will be an added advantage.

- Grade 12 School Certificate with a minimum of five (5) ‘O’ levels (credit or better)

- Three (3) years’ relevant experience

Key attributes

- Knowledge of the BFSA and other financial sector laws and regulations

- Knowledge of bank resolution best practices

- Computer skills

- Interpersonal skills

- Oral and written communication skills

- Analytical and problem-solving skills

- Presentation skills

CONDITIONS OF SERVICE

Bank of Zambia Conditions of Service will apply.

Only candidates meeting the above role specifications are invited to apply online, applicants detailed curriculum vitae (CV), scanned certified copies of certificates and National Registration Card (MUST) be attached to the online application. The closing date is 19 August 2026. Please note that only applications submitted online shall be considered.

Female candidates are encouraged to apply. Only shortlisted candidates will be contacted.