Credit Risk Analyst Job Vacancy in Asmara, Eritrea – Banking & Finance

Job Description

Position: Credit Risk Analyst

Company: Commercial Bank of Eritrea

Location: Asmara, Eritrea

Experience: 3-5 years in credit analysis or risk assessment

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

Employment Type: Full-time

Industry: Banking & Finance

Department: Credit Risk Management

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

Vacancies:1

Company Overview

The Commercial Bank of Eritrea, established in 1991, is the leading financial institution in the nation, providing a comprehensive range of banking services to individuals, businesses, and government entities. With a robust network of branches across Asmara, Keren, Massawa, and other key cities, the bank plays a pivotal role in driving economic growth, supporting entrepreneurship, and facilitating trade. As a cornerstone of Eritrea’s financial sector, the bank is committed to innovation, regulatory compliance, and customer‑centric solutions. Its dedication to fostering a stable credit environment makes it a top employer for finance professionals seeking meaningful impact. This position contributes directly to the bank’s mission of sustainable development and aligns with the broader goal of creating quality Eritrea Jobs and Career Opportunities in Eritrea.

Job Overview

The Credit Risk Analyst will join the Credit Risk Management department to evaluate loan applications, monitor portfolio performance, and develop risk mitigation strategies that protect the bank’s assets while supporting responsible lending. The role involves close collaboration with relationship managers, underwriting teams, and senior risk officers to ensure that credit decisions are data‑driven and aligned with regulatory standards. Candidates will have access to advanced analytical tools and will be expected to produce insightful reports for senior management. For more information about the bank’s vision and current openings, please visit https://eritreajobsearch.com/. This opportunity is a prime example of Hiring in Eritrea for finance talent.

Key Responsibilities

• Analyze financial statements, cash flow projections, and credit histories to assess borrower creditworthiness.
• Prepare detailed risk assessment reports and present findings to senior risk committees.
• Monitor existing loan portfolios for early warning signs of delinquency and recommend corrective actions.
• Develop and maintain credit scoring models and risk rating frameworks.
• Collaborate with product teams to design credit products that balance profitability and risk.
• Stay updated on local and international banking regulations affecting credit risk.

Required Skills

• Strong quantitative and analytical abilities with proficiency in Excel, SQL, or similar data tools.
• Excellent written and verbal communication skills for report preparation and stakeholder interaction.
• In‑depth knowledge of credit risk principles, Basel III standards, and local banking regulations.
• Ability to work independently and as part of a cross‑functional team.
• Attention to detail and strong problem‑solving mindset.

Education

A bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. A master’s degree or professional certifications such as CFA, FRM, or CPA are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants should possess a minimum of three to five years of hands‑on experience in credit analysis, risk assessment, or loan underwriting within a banking or financial services environment. Experience with credit risk software, portfolio monitoring systems, and regulatory reporting is preferred.

Salary

The successful candidate will receive a competitive monthly salary ranging from 150,000 to 250,000 SSP, 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

• Comprehensive onboarding program covering bank policies, risk frameworks, and compliance.
• Ongoing workshops on advanced credit analytics and regulatory updates.
• Access to online learning platforms for continuous skill enhancement.

Working Environment

The role is based in the modern headquarters of the Commercial Bank of Eritrea in Asmara, offering a collaborative office setting equipped with state‑of‑the‑art technology. The bank promotes a culture of integrity, teamwork, and continuous improvement, providing a supportive environment for professional growth.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online portal on the bank’s website. Applications will be reviewed on a rolling basis, and shortlisted applicants will be contacted for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

The Commercial Bank of Eritrea is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive workplace where all employees, regardless of gender, ethnicity, religion, or background, can thrive. Our hiring practices reflect our dedication to fairness and the promotion of Employment in Eritrea for all qualified professionals.