Risk Management Officer Job Vacancy in Xudun, Somalia – Banking & Financial Services

Job Description

Position: Risk Management Officer

Company: Somali Commercial Bank

Location: Xudun, Somalia

Experience: 5+ years in banking risk management

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

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

Salary: SSP 1,200,000 – 1,800,000 per month

Vacancies:1

Company Overview

Somali Commercial Bank (SCB) is a leading financial institution in Somalia, dedicated to fostering economic growth and financial inclusion across the nation. With a robust network of branches and a commitment to innovative banking solutions, SCB serves individuals, SMEs, and large corporations, providing a comprehensive suite of services including retail banking, corporate finance, trade services, and digital banking platforms. The bank’s mission is to empower customers through reliable, secure, and accessible financial products while contributing to the stability and development of Somalia’s financial sector. As part of its strategic expansion, SCB is strengthening its risk management framework to meet international standards and support sustainable growth. This role offers a unique opportunity to join a forward‑thinking organization that values expertise, integrity, and community impact. Somalia Jobs, Jobs in Somalia, and Career Opportunities in Somalia are at the heart of SCB’s talent acquisition strategy, ensuring that the best local and international professionals are attracted to drive the bank’s vision forward.

Job Overview

The Risk Management Officer will play a pivotal role in identifying, assessing, and mitigating financial, operational, and compliance risks within Somali Commercial Bank. Reporting to the Head of Risk Management, the officer will develop risk policies, conduct risk assessments, and collaborate with business units to embed a risk‑aware culture throughout the organization. This position is essential for safeguarding the bank’s assets, reputation, and regulatory standing, while supporting strategic initiatives and new product launches. The successful candidate will work closely with senior management, auditors, and external regulators to ensure that risk management practices align with both local regulations and global best practices. For more information, visit Somalia Job Search. Explore additional resources at Angola Job Search.

Key Responsibilities

• Develop and maintain the bank’s enterprise risk management framework, policies, and procedures.
• Conduct comprehensive risk assessments for new products, services, and strategic projects.
• Monitor credit, market, liquidity, operational, and compliance risks on a daily basis.
• Prepare risk reports and dashboards for senior management and the Board of Directors.
• Coordinate internal and external audit activities related to risk management.
• Provide risk training and awareness programs for staff across all departments.
• Ensure compliance with Central Bank of Somalia regulations and international banking standards such as Basel III.
• Collaborate with IT and cybersecurity teams to assess technology‑related risks.

Required Skills

• Strong analytical and quantitative abilities with proficiency in risk modeling tools.
• In‑depth knowledge of banking regulations, Basel accords, and Somali financial legislation.
• Excellent communication skills to convey complex risk concepts to non‑technical stakeholders.
• Proficiency in risk management software and MS Office Suite, especially Excel.
• Ability to work independently and lead cross‑functional risk initiatives.
• High ethical standards and a commitment to confidentiality.

Education

The candidate must hold a Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline. A Master’s degree or professional certifications such as FRM (Financial Risk Manager) or PRM (Professional Risk Manager) are highly desirable and will be considered an advantage during the selection process.

Experience

Minimum of five (5) years of progressive experience in risk management within a banking environment is required. Experience with credit risk, market risk, and operational risk, as well as exposure to regulatory compliance, will be evaluated favorably. Candidates with a proven track record of implementing risk frameworks in emerging markets are especially encouraged to apply.

Salary

The compensation package ranges from SSP 1,200,000 to SSP 1,800,000 per month, commensurate with experience, qualifications, and performance. The salary is competitive within the Somali banking sector and reflects the strategic importance of the role.

Benefits

• Health insurance coverage for the employee and eligible dependents.
• Retirement savings plan with employer contributions.
• Performance‑based bonuses and annual salary reviews.
• Paid annual leave, sick leave, and public holidays in accordance with Somali labor law.
• Professional development allowance for certifications and training.

Training

• On‑boarding program covering SCB’s risk policies, systems, and corporate culture.
• Continuous learning opportunities through workshops, webinars, and industry conferences.
• Access to internal risk management knowledge base and mentorship from senior risk leaders.

Working Environment

SCB offers a collaborative and inclusive workplace located in the heart of Xudun, featuring modern office facilities, secure IT infrastructure, and a supportive team environment. Employees benefit from flexible working arrangements, a culture that encourages innovation, and a commitment to work‑life balance.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal on the SCB careers page. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. Only candidates meeting the minimum qualifications will be considered.

Equal Opportunity Statement

Somali Commercial 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. All qualified applicants will receive consideration for employment without discrimination.