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

Job Description

Position: Credit Risk Analyst

Company: Standard Chartered Bank

Location: Hargeisa, Somalia

Experience: 3-5 years in credit risk analysis, financial modeling, and portfolio management.

Education: Bachelor’s degree in Finance, Economics, Business Administration or related field; Master’s preferred.

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Credit Risk Management

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

Vacancies:1

Company Overview

Standard Chartered Bank is a leading international banking group with a heritage of more than 160 years, operating in over 60 markets worldwide. In Somalia, the bank has established a strong presence through its commitment to financial inclusion, sustainable development, and innovative banking solutions. The Hargeisa branch serves corporate clients, SMEs, and individual customers, offering a full suite of products ranging from trade finance to digital banking services. As part of its strategic expansion, Standard Chartered is dedicated to building a resilient credit portfolio that supports economic growth across the Horn of Africa. This commitment creates a dynamic environment for professionals seeking to make a meaningful impact on Somalia Jobs and the broader financial ecosystem.

Job Overview

The Credit Risk Analyst will play a pivotal role in assessing the creditworthiness of corporate and SME borrowers, conducting thorough financial analysis, and supporting the development of risk mitigation strategies. Reporting to the Head of Credit Risk Management, the analyst will collaborate with relationship managers, underwriting teams, and senior risk officers to ensure that lending decisions align with the bank’s risk appetite and regulatory requirements. This position offers a unique opportunity to contribute to the bank’s growth while advancing your career in a fast‑moving, high‑impact setting. For more information about our career opportunities, visit Somalia Job Search.

Key Responsibilities

• Perform detailed credit analysis of corporate and SME loan applications, including financial statement review, cash flow modeling, and industry risk assessment.
• Prepare comprehensive credit memorandums that summarize findings, risk ratings, and recommended actions for senior approval.
• Monitor existing loan portfolios, identify early warning signs, and recommend remedial actions to mitigate potential defaults.
• Collaborate with relationship managers to structure loan terms that balance client needs with the bank’s risk parameters.
• Stay updated on local economic trends, regulatory changes, and sector‑specific developments that could affect credit risk.
• Assist in the development and refinement of credit scoring models and risk rating frameworks.
• Contribute to the preparation of periodic risk reports for senior management and regulatory bodies.

Required Skills

• Strong analytical abilities with proficiency in financial statement analysis and cash flow forecasting.
• Excellent written and verbal communication skills for preparing clear credit reports and presenting findings.
• Proficiency in Microsoft Excel, including advanced functions, pivot tables, and financial modeling.
• Knowledge of banking regulations, Basel III standards, and local Somali financial legislation.
• Attention to detail and ability to work under tight deadlines while maintaining high quality standards.
• Team‑oriented mindset with the ability to collaborate across functions and influence decision‑making.

Education

A bachelor’s degree in Finance, Economics, Business Administration, Accounting, or a related discipline is required. Candidates holding a Master’s degree or professional certifications such as CFA, FRM, or CPA are highly regarded and may be considered for accelerated career progression.

Experience

Applicants should have a minimum of three to five years of hands‑on experience in credit analysis, risk assessment, or loan underwriting within a reputable financial institution. Experience in emerging markets, particularly in East Africa, is advantageous and demonstrates an understanding of the unique challenges and opportunities present in Somalia Jobs.

Salary

The compensation package is competitive within the local market, ranging from SSP 2,500,000 to SSP 4,000,000 per month, commensurate with experience, qualifications, and performance. In addition to the base salary, the role includes performance‑based bonuses and other incentives aligned with the bank’s profitability targets.

Benefits

• Comprehensive health insurance covering medical, dental, and vision care.
• Retirement savings plan with employer contributions.
• Annual leave entitlement exceeding statutory minimums.
• Professional development allowance for certifications and training.
• Employee assistance program offering counseling and wellness resources.

Training

• On‑boarding program covering Standard Chartered’s risk policies, systems, and compliance framework.
• Continuous learning opportunities through internal e‑learning platforms and external workshops.
• Mentorship from senior risk officers to accelerate skill development.
• Access to industry conferences and seminars focused on credit risk and financial markets.

Working Environment

The Hargeisa office provides a modern, collaborative workspace equipped with state‑of‑the‑art technology and secure data systems. Employees benefit from a culture that values diversity, integrity, and innovation, fostering an atmosphere where ideas are shared openly and professional growth is encouraged. The bank’s commitment to corporate social responsibility also means staff can participate in community outreach programs that support financial literacy and economic empowerment across Somalia.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the Standard Chartered Careers website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for a virtual interview followed by an on‑site assessment at the Hargeisa branch.

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, disability, or sexual orientation. All qualified applicants will receive consideration for employment without regard to any protected characteristic.