Risk Management Analyst Job Vacancy in Barentu, Eritrea – Banking

Job Description

Position: Risk Management Analyst

Company: Standard Chartered Bank

Location: Barentu, Eritrea

Experience: 3-5 years

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

Employment Type: Full-time

Industry: Banking

Department: Risk Management

Salary: SSP 150,000 – SSP 250,000 per month

Vacancies:1

Company Overview

Standard Chartered Bank is a leading international banking group with a presence in over 60 markets worldwide. In Eritrea, the bank has been operating for more than a decade, offering a comprehensive suite of retail, corporate, and investment banking services. The Barentu branch serves as a strategic hub for the southern region, supporting local businesses, agricultural enterprises, and emerging entrepreneurs. As part of its commitment to sustainable growth, Standard Chartered Bank invests heavily in community development, financial inclusion, and digital innovation. The bank’s reputation for integrity, customer focus, and robust risk management makes it an attractive employer for professionals seeking a dynamic career in the banking sector. By joining the Risk Management team, you will contribute to the bank’s mission of delivering secure and reliable financial services across Eritrea and beyond.

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, you will collaborate closely with credit, compliance, and treasury departments to ensure that risk policies are effectively implemented. This position offers a unique opportunity to work within a global banking framework while focusing on the local market dynamics of Barentu and the surrounding regions. The role involves continuous monitoring of risk indicators, preparing analytical reports, and supporting the development of risk mitigation strategies that align with both regulatory requirements and the bank’s strategic objectives. By leveraging advanced analytical tools and a deep understanding of the Eritrean financial landscape, you will help safeguard the bank’s assets and reputation, contributing directly to its long‑term success.

Key Responsibilities

• Conduct comprehensive risk assessments for credit, market, and operational exposures.
• Monitor daily risk metrics and generate timely risk reports for senior management.
• Collaborate with the Credit Department to evaluate borrower risk profiles and recommend risk‑adjusted pricing.
• Assist in the development and maintenance of the bank’s risk management framework and policies.
• Analyze regulatory changes in Eritrea and ensure compliance with the National Bank of Eritrea guidelines.
• Support the implementation of stress‑testing scenarios and scenario analysis.
• Prepare risk dashboards and present findings to cross‑functional teams.
• Identify emerging risk trends and propose proactive mitigation measures.
• Maintain accurate risk documentation and ensure data integrity in risk management systems.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and statistical software.
• Excellent understanding of banking products, credit analysis, and financial statements.
• Knowledge of Eritrean banking regulations and international risk standards (e.g., Basel III).
• Effective communication skills for presenting complex risk concepts to non‑technical stakeholders.
• Attention to detail and ability to work under tight deadlines.
• Team‑oriented mindset with the capacity to collaborate across departments.

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 are considered an advantage.

Experience

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

Salary

The position offers a competitive salary ranging from SSP 150,000 to SSP 250,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and annual salary reviews are part of the compensation package.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Professional development allowance.
• Employee assistance program.

Training

• On‑boarding program covering bank policies, risk frameworks, and compliance standards.
• Access to internal and external risk management courses and certifications.
• Mentorship from senior risk professionals within the global Standard Chartered network.

Working Environment

The Barentu office provides a modern, collaborative workspace equipped with the latest banking technology. Employees enjoy a supportive culture that encourages innovation, continuous learning, and work‑life balance. The bank promotes a diverse and inclusive environment where every voice is heard, aligning with its global commitment to equal opportunity.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online portal at https://eritreajobsearch.com/. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an interview.

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, or background. All qualified applicants will receive consideration for employment without discrimination.