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

Job Description

Position:Risk Management Analyst

Company:Standard Chartered Bank

Location:Beledweyne, Somalia

Experience:3-5 years in risk analysis, financial services, or related field

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

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Risk Management

Salary:SSP 2,500,000 – 3,500,000 per annum

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, the bank provides a wide range of financial products and services, including retail banking, corporate and institutional banking, and wealth management. In Somalia, Standard Chartered Bank supports economic growth by offering innovative financing solutions, promoting financial inclusion, and fostering sustainable development. The bank’s commitment to responsible banking, robust governance, and community engagement makes it an attractive employer for professionals seeking a dynamic and purpose‑driven career. As part of its expansion strategy, Standard Chartered Bank is strengthening its risk management capabilities in emerging markets, including Somalia, to ensure resilient operations and compliance with global standards.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial and operational risks associated with the bank’s activities in Somalia. Reporting to the Head of Risk Management, the analyst will collaborate with business units, compliance, and audit teams to develop risk frameworks, conduct quantitative analysis, and support decision‑making processes. This position offers a unique opportunity to contribute to the bank’s risk culture while gaining exposure to a fast‑growing market. Candidates will be part of a diverse team that values analytical rigor, ethical standards, and continuous improvement. For more information about Standard Chartered Bank’s presence in Somalia, visit Somalia Job Search.

Key Responsibilities

• Conduct comprehensive risk assessments for credit, market, operational, and liquidity exposures across all banking products.
• Develop and maintain risk models, stress‑testing scenarios, and risk dashboards to support senior management reporting.
• Monitor regulatory developments in Somalia and ensure the bank’s policies align with Central Bank of Somalia guidelines.
• Collaborate with business lines to embed risk controls into product design, pricing, and execution processes.
• Prepare detailed risk analysis reports, presentations, and recommendations for the Risk Committee.
• Assist in the implementation of the bank’s Enterprise Risk Management (ERM) framework and ensure data integrity.
• Participate in internal and external audit activities, providing necessary documentation and explanations.
• Support the development of risk mitigation strategies, including hedging, collateral management, and policy enhancements.

Required Skills

• Strong analytical and quantitative skills with proficiency in statistical tools and risk modeling software.
• Excellent knowledge of banking regulations, Basel III standards, and local compliance requirements.
• Effective communication skills to convey complex risk concepts to non‑technical stakeholders.
• Proficiency in Microsoft Excel, PowerPoint, and data visualization tools; experience with SAS, R, or Python is a plus.
• Attention to detail, critical thinking, and the ability to work under tight deadlines.
• Team‑oriented mindset with the ability to collaborate across functions and cultures.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Candidates holding a Master’s degree in Risk Management, Financial Engineering, or an MBA will be given preference. Professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) are advantageous.

Experience

Applicants should have 3 to 5 years of relevant experience in risk analysis, credit risk, market risk, or operational risk within a banking or financial services environment. Experience in emerging markets, particularly in East Africa, is highly valued.

Salary

The successful candidate will receive a competitive salary ranging from SSP 2,500,000 to SSP 3,500,000 per annum, commensurate with experience and qualifications. The compensation package includes performance‑based bonuses, health insurance, and retirement benefits.

Benefits

• Comprehensive health and medical coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Annual performance bonus linked to individual and bank performance.
• Professional development allowance for certifications and training.
• Paid annual leave, sick leave, and public holidays in accordance with Somali labor law.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering bank policies, risk frameworks, and compliance standards.
• Access to Standard Chartered’s global learning platform for continuous skill enhancement.
• Mentorship from senior risk professionals and opportunities to attend regional risk conferences.
• Regular workshops on emerging risk trends, regulatory updates, and advanced analytics.

Working Environment

Standard Chartered Bank offers a collaborative and inclusive workplace that encourages innovation and professional growth. The office in Beledweyne is equipped with modern facilities, secure IT infrastructure, and a supportive team culture. Employees benefit from flexible working arrangements, a focus on work‑life balance, and a commitment to diversity and inclusion.

Application Process

Interested candidates should submit their application through the Standard Chartered careers portal. The process includes an online application form, submission of a detailed resume, and a cover letter highlighting relevant experience. Shortlisted applicants will be invited to complete an online assessment followed by virtual or in‑person interviews with the Risk Management team and senior leadership.

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