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

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

Employment Type: Full-time

Industry: Banking & Financial Services

Department: 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 across Asia, Africa and the Middle East. In Somalia, the bank supports economic growth by providing innovative financial solutions to corporations, SMEs, and individuals. The Hargeisa branch plays a pivotal role in fostering financial inclusion, supporting trade finance, and delivering world‑class banking services that align with the country’s development goals. As part of its commitment to talent development, Standard Chartered offers a dynamic environment where professionals can build rewarding careers while contributing to the stability and expansion of Somalia’s financial sector. This position adds to the bank’s ongoing effort to attract top talent for its risk management team, reinforcing its reputation as an employer of choice for ambitious finance professionals.

Job Overview

The Credit Risk Analyst will join the Risk Management Department in Hargeisa, focusing on assessing creditworthiness of corporate and retail loan portfolios. The role involves conducting thorough financial analysis, preparing risk reports, and collaborating with relationship managers to ensure prudent lending practices. The analyst will also support the development of credit policies and contribute to the bank’s strategic risk framework. This is an excellent opportunity for candidates seeking to deepen their expertise in credit risk within a globally recognized banking institution. For more information about Standard Chartered’s presence in Somalia, visit https://somaliajobsearch.com/ and explore additional career opportunities.

Key Responsibilities

• Analyze financial statements, cash flow projections, and market data to evaluate credit risk for loan applications.
• Prepare detailed credit risk assessment reports and present findings to senior management.
• Monitor existing loan portfolios, identify early warning signs, and recommend risk mitigation actions.
• Collaborate with relationship managers to structure loan terms that align with the bank’s risk appetite.
• Assist in the development and refinement of credit risk policies, scoring models, and underwriting guidelines.
• Maintain accurate documentation in the bank’s risk management system and ensure compliance with regulatory standards.
• Participate in periodic stress testing and scenario analysis to gauge portfolio resilience.

Required Skills

• Strong analytical abilities with proficiency in financial modeling and ratio analysis.
• Excellent written and verbal communication skills for report preparation and stakeholder interaction.
• Attention to detail and ability to work under tight deadlines.
• Proficiency in MS Excel and familiarity with credit risk software tools.
• Understanding of Somali banking regulations and international best practices in credit risk.
• Team‑player mindset with a collaborative approach to problem solving.

Education

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

Experience

Applicants should possess 3 to 5 years of hands‑on experience in credit analysis, loan underwriting, or risk assessment within a banking or financial services environment. Experience in emerging markets, particularly in East Africa, will be considered a strong asset.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 4,000,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses and other financial incentives.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Annual leave and paid 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 bank policies, risk management frameworks, and compliance standards.
• Continuous learning opportunities through internal workshops, webinars, and external courses.
• Mentorship from senior risk officers to accelerate career growth.

Working Environment

The Hargeisa office offers a modern, secure workspace equipped with the latest technology to support efficient analysis and collaboration. Employees benefit from a multicultural team, flexible working arrangements, and a culture that values integrity, innovation, and customer focus.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role via the online application portal on the Standard Chartered careers website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.

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, race, religion, disability, or any other protected characteristic. Our hiring practices reflect our dedication to fairness and meritocracy.