Risk Management Analyst Job Vacancy in Massawa, Eritrea – Banking & Finance

Job Description

Position:Risk Management Analyst

Company:Standard Chartered Bank

Location:Massawa, Eritrea

Experience:3-5 years in banking risk management

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

Employment Type:Full-time

Industry:Banking & Finance

Department:Risk Management

Salary:150,000 SSP – 250,000 SSP 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 Eritrea, the bank is committed to fostering financial inclusion, supporting local enterprises, and driving sustainable economic growth. As part of its strategic expansion, Standard Chartered offers a dynamic environment where innovation meets rigorous risk standards, making it an attractive destination for professionals seeking long‑term career growth. The bank’s presence in Massawa positions it at the heart of the Red Sea trade corridor, providing unique opportunities to engage with regional trade finance, shipping, and investment projects. This role contributes directly to the bank’s mission of delivering secure, responsible, and profitable banking services across Eritrea.

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 Eritrea. Reporting to the Head of Risk Management, the analyst will collaborate with credit, compliance, and treasury teams to ensure that risk frameworks align with both local regulations and global standards. This position is central to safeguarding the bank’s assets, reputation, and regulatory compliance, while also supporting the bank’s growth objectives in the region. For more information, visit our career portal. This posting is part of a broader initiative to attract top talent for Eritrea Jobs and to strengthen the bank’s risk culture.

Key Responsibilities

• Conduct comprehensive risk assessments for new and existing credit facilities, trade finance transactions, and investment products.
• Develop and maintain risk models, dashboards, and reporting tools to monitor risk indicators on a daily, weekly, and monthly basis.
• Collaborate with the Credit Department to evaluate borrower creditworthiness and ensure adherence to risk appetite limits.
• Prepare detailed risk analysis reports for senior management and regulatory bodies, highlighting potential exposures and mitigation strategies.
• Assist in the implementation of the bank’s Enterprise Risk Management (ERM) framework, ensuring consistency across all business lines.
• Monitor compliance with local banking regulations, Basel III requirements, and internal policies, recommending corrective actions when needed.
• Participate in stress testing exercises and scenario analysis to gauge the impact of macro‑economic changes on the bank’s portfolio.
• Support the development of risk‑aware culture through training sessions and workshops for staff across departments.

Required Skills

• Strong analytical and quantitative abilities with proficiency in statistical software and Excel.
• In‑depth knowledge of banking risk categories, including credit, market, operational, and liquidity risk.
• Excellent communication skills, capable of presenting complex risk concepts to non‑technical audiences.
• Attention to detail and a proactive approach to identifying emerging risk trends.
• Ability to work independently and as part of cross‑functional teams in a fast‑paced environment.
• Familiarity with local regulatory environment and international risk standards such as Basel III.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable and will be considered an advantage during the selection process.

Experience

The ideal candidate will have 3‑5 years of hands‑on experience in risk management within a banking or financial services institution. Experience in emerging markets, particularly in East Africa, is advantageous. Candidates should demonstrate a track record of developing risk assessment tools, preparing regulatory reports, and influencing risk‑aware decision making.

Salary

The compensation package ranges from 150,000 SSP to 250,000 SSP per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a pension scheme aligned with local labor regulations.

Benefits

• Competitive salary with annual performance bonuses.
• Comprehensive health and medical coverage for employee and dependents.
• Retirement savings plan and pension contributions.
• Paid annual leave, sick leave, and public holidays in accordance with Eritrean labor law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• Onboarding program covering bank policies, risk frameworks, and compliance standards.
• Access to internal and external risk management courses, including Basel III workshops.
• Mentorship from senior risk officers and opportunities to attend regional risk conferences.

Working Environment

Standard Chartered Bank offers a collaborative, inclusive, and technology‑driven workplace in Massawa. Employees benefit from modern office facilities, flexible working arrangements, and a culture that values diversity and continuous learning. The bank encourages a healthy work‑life balance while maintaining high standards of professionalism and integrity.

Application Process

Interested candidates should submit their application through the online portal on the bank’s website. The selection process includes an initial resume screening, a technical assessment, and two interview rounds—one with the Risk Management team and another with senior leadership. Successful applicants will be notified via the portal and invited to join the onboarding program.

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. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status. This commitment extends to all aspects of employment, including recruitment, hiring, training, promotion, and compensation. Join us and become part of a team that values your unique perspective and drives meaningful impact across Eritrea.