Credit Risk Analyst Job Vacancy in Barentu, Eritrea – Banking

Job Description

Position: Credit Risk 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 – 250,000 per month

Vacancies:1

Company Overview

Standard Chartered Bank is a leading international banking group with a strong presence across Africa, the Middle East and Asia. In Eritrea, the bank has been operating since 2005, providing a full suite of retail, corporate and investment banking services to individuals, small‑medium enterprises and large corporations. The bank’s commitment to sustainable growth, financial inclusion and innovative digital solutions makes it a top employer for professionals seeking dynamic career paths. As part of its regional strategy, Standard Chartered Bank continues to expand its risk management capabilities, ensuring robust credit assessment and portfolio quality across all markets. The Barentu branch serves as a strategic hub for the western region of Eritrea, supporting agricultural exporters, mining companies and emerging SMEs. Joining the team means contributing to a reputable institution that values integrity, diversity and continuous learning.

Job Overview

The Credit Risk Analyst will play a pivotal role in assessing the creditworthiness of corporate and individual borrowers in the western region of Eritrea. Reporting to the Head of Credit Risk, the analyst will evaluate financial statements, market trends and risk indicators to recommend credit limits and pricing. This position offers an excellent opportunity for professionals who are analytical, detail‑oriented and eager to influence lending decisions that drive economic development. The role also involves close collaboration with relationship managers, product specialists and senior management to ensure that credit policies are applied consistently and that the bank’s risk appetite is maintained. For more information about our career portal, visit https://eritreajobsearch.com/.

Key Responsibilities

• Conduct comprehensive credit analysis of loan applications, including financial statement review, cash flow modeling and industry risk assessment.
• Prepare detailed credit proposals and present findings to the Credit Committee for approval.
• Monitor existing loan portfolios, identify early warning signs, and recommend remedial actions.
• Collaborate with relationship managers to structure suitable financing solutions while adhering to risk policies.
• Maintain accurate and up‑to‑date credit files in the bank’s risk management system.
• Assist in the development and refinement of credit scoring models and risk rating methodologies.
• Stay informed about macro‑economic developments, regulatory changes and sector‑specific trends affecting borrowers in Eritrea.

Required Skills

• Strong analytical and quantitative abilities with proficiency in Excel and financial modeling.
• Excellent written and verbal communication skills in English; knowledge of Arabic or Tigrinya is a plus.
• Attention to detail and ability to work under tight deadlines.
• Solid understanding of banking regulations, Basel III standards and credit risk frameworks.
• Team player with strong interpersonal skills to interact with cross‑functional teams.
• Proficiency in risk management software and familiarity with SAP or similar ERP systems.

Education

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

Experience

Applicants should have a minimum of three to five years of experience in credit analysis, risk assessment or loan underwriting within a banking or financial services environment. Experience in emerging markets, particularly in Africa, will be viewed favorably.

Salary

The successful candidate will receive a competitive monthly salary ranging from SSP 150,000 to SSP 250,000, 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 eligible dependents.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave and public holidays in accordance with Eritrean labor law.
• Professional development allowance for certifications and training.
• Access to the bank’s digital banking platforms and employee wellness programs.

Training

• Comprehensive onboarding program covering bank policies, risk management tools and compliance standards.
• Ongoing technical training in credit analysis, financial modeling and regulatory updates.
• Leadership development tracks for high‑potential analysts aspiring to senior risk management roles.

Working Environment

Our Barentu office offers a modern, collaborative workspace equipped with the latest technology to support efficient analysis and reporting. The culture emphasizes transparency, ethical conduct and a strong commitment to customer service. Employees enjoy a supportive atmosphere where ideas are welcomed and professional growth is encouraged.

Application Process

Interested candidates should submit their updated resume and a cover letter outlining their relevant experience through the online portal. Applications will be screened by the Talent Acquisition team, followed by a preliminary interview, technical assessment and final interview with senior risk management leaders. Only shortlisted candidates will be contacted.

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, age, disability or sexual orientation. Our hiring practices reflect our dedication to fairness and meritocracy.