Credit Risk Analyst Job Vacancy in Bosaso, Somalia – Banking & Financial Services

Job Description

Position: Credit Risk Analyst

Company: Standard Chartered Bank

Location: Bosaso, Somalia

Experience: 3-5 years in credit risk assessment, preferably within banking or financial services.

Education: Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline.

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Credit Risk Management

Salary: SSP 2,500,000 – SSP 4,000,000 per annum

Vacancies:1

Company Overview

Standard Chartered Bank is a leading international banking group with a strong presence across Africa, Asia, and the Middle East. Operating in Somalia for over a decade, the bank is committed to fostering economic growth, financial inclusion, and sustainable development. With a reputation for integrity, innovation, and customer‑centric solutions, Standard Chartered offers a dynamic environment where professionals can advance their careers while contributing to the nation’s financial stability. As part of its expansion strategy, the bank continues to invest in talent that can navigate complex credit landscapes and support the growth of businesses across Somalia.

Job Overview

The Credit Risk Analyst will play a pivotal role in evaluating credit proposals, monitoring portfolio performance, and ensuring compliance with regulatory standards. Reporting to the Credit Risk Manager, the analyst will collaborate with relationship managers, underwriting teams, and senior leadership to provide insightful risk assessments that drive sound lending decisions. This position offers a unique opportunity to work within a globally recognized institution while shaping the future of credit risk management in Somalia.

For more information about Standard Chartered’s commitment to career development, visit our career portal.

Key Responsibilities

• Conduct thorough credit analysis of corporate, SME, and individual loan applications using financial statements, cash flow models, and market data.
• Prepare detailed credit risk reports, including risk ratings, mitigation strategies, and recommendation summaries for senior approval.
• Monitor existing loan portfolios for early warning signals, covenant breaches, and deteriorating credit quality.
• Collaborate with relationship managers to structure loan terms that align with risk appetite and regulatory guidelines.
• Assist in the development and refinement of credit risk policies, scoring models, and stress‑testing frameworks.
• Stay updated on macro‑economic trends, industry developments, and regulatory changes affecting the Somali banking sector.
• Participate in credit committee meetings, presenting findings and defending risk assessments.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel, financial modeling, and credit scoring tools.
• Excellent written and verbal communication skills for preparing reports and presenting to stakeholders.
• Attention to detail and ability to work under tight deadlines while maintaining high accuracy.
• Solid understanding of Somali banking regulations, Basel III standards, and international best practices.
• Team‑player mindset with the capacity to collaborate across functions and cultures.

Education

A bachelor’s degree in Finance, Economics, Business Administration, or a related field is required. Professional certifications such as CFA, FRM, or equivalent are advantageous but not mandatory.

Experience

Applicants should have 3‑5 years of experience in credit analysis, risk assessment, or loan underwriting within a banking or financial services environment. Experience with SME lending or exposure to emerging markets is highly valued.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 annually, commensurate with experience and qualifications. Performance‑based bonuses and incentives are also part of the remuneration structure.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Annual leave, sick leave, and public holidays in line with Somali labor law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering Standard Chartered’s risk framework, compliance standards, and internal systems.
• Continuous learning opportunities through internal workshops, e‑learning platforms, and mentorship.
• Access to global banking seminars and conferences to stay abreast of industry trends.

Working Environment

Based in Bosaso’s modern office complex, the role offers a collaborative workspace equipped with state‑of‑the‑art technology, secure data systems, and a supportive team culture. Employees enjoy a balanced work‑life environment, flexible working arrangements, and a commitment to diversity and inclusion.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online portal. Shortlisted applicants will be invited for an initial virtual interview, followed by an on‑site assessment and final interview with senior management.

Equal Opportunity Statement

Standard Chartered 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.