Risk Management Analyst Job Vacancy in Hargeisa, Somalia – Banking & Financial Services

Job Description

Position: Risk Management Analyst

Company: Standard Chartered Bank

Location: Hargeisa, Somalia

Experience: 3-5 years in banking risk analysis

Education: Bachelor’s degree in Finance, Economics, or related field

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: SSP 5,000,000 – 8,000,000 per annum

Vacancies:1

Company Overview

Standard Chartered Bank is a global banking group with a strong footprint in Africa, including Somalia. The Hargeisa branch delivers retail, corporate, and digital banking services, supporting local businesses and individuals. Known for its ethical standards and community focus, the bank blends international best practices with an understanding of Somalia’s market dynamics, offering a stable and progressive workplace for finance professionals.

Job Overview

The Risk Management Analyst will support the Risk Management department by identifying, measuring, and mitigating financial risks across the bank’s portfolio. Responsibilities include developing risk models, preparing regulatory reports, and collaborating with business units to embed risk controls. This role offers a chance to influence risk culture in a growing market while working with modern analytics tools. For more details, visit Somalia Job Search.

Key Responsibilities

• Perform credit, market, and operational risk assessments for loan and product portfolios.
• Develop and maintain risk models, stress‑testing scenarios, and dashboards.
• Monitor compliance with Basel III, local regulations, and internal policies.
• Prepare risk reports for senior management and regulators.
• Work with business units to design mitigation strategies and control frameworks.
• Analyze emerging risk trends and recommend proactive actions.
• Support implementation of risk management software and data analytics tools.

Required Skills

• Strong analytical abilities with proficiency in Excel, VBA, or Python.
• Deep knowledge of banking risk frameworks (credit, market, operational).
• Excellent communication for presenting complex risk concepts.
• Attention to detail and ability to meet tight deadlines.
• Familiarity with Somali regulatory environment and international standards.
• Team‑oriented mindset with influencing skills across functions.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Professional certifications such as FRM or CFA are highly desirable.

Experience

Applicants should have 3–5 years of hands‑on risk analysis experience within a commercial bank or financial institution, including exposure to risk modeling and regulatory reporting.

Salary

The position offers a competitive annual salary ranging from SSP 5,000,000 to SSP 8,000,000, plus performance‑based incentives.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• Employee assistance and wellness programs.
• Opportunities for international secondments and career growth.

Training

• Structured onboarding covering bank policies, risk frameworks, and compliance.
• Continuous professional development through workshops, webinars, and certifications.
• Mentorship from senior risk managers and access to global knowledge resources.
• Access to e‑learning platforms for technical and soft‑skill enhancement.

Working Environment

Standard Chartered’s Hargeisa office provides a modern, collaborative workspace equipped with advanced technology. The culture emphasizes teamwork, innovation, and ethical conduct, fostering a balanced work‑life integration.

Application Process

Submit an online application via the Standard Chartered careers portal, attaching an updated resume and a cover letter highlighting relevant experience. Shortlisted candidates will be invited to a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

Standard Chartered Bank is an equal opportunity employer. We celebrate diversity and are committed to an inclusive workplace where all employees, regardless of gender, ethnicity, disability, or background, can thrive. Our recruitment practices ensure fair and unbiased selection for all applicants.