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

Job Description

Position: Credit Risk Analyst

Company: African Development Bank

Location: Massawa, Eritrea

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

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

Employment Type: Full-time

Industry: Banking & Finance

Department: Credit Risk Management

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

Vacancies:1

Company Overview

The African Development Bank (AfDB) is a leading multilateral development finance institution dedicated to fostering sustainable economic growth and social progress across the African continent. With a strong presence in over 50 African countries, AfDB supports projects that drive inclusive development, infrastructure expansion, and private sector growth. In Eritrea, the Bank collaborates with government agencies, local businesses, and international partners to promote financial stability, improve access to capital, and strengthen the banking sector. As part of its commitment to excellence, AfDB offers a dynamic work environment that encourages innovation, professional development, and a culture of integrity. Joining AfDB means contributing to transformative projects that create lasting impact, while advancing your career within a globally recognized institution. This role is an excellent opportunity for professionals seeking to apply their analytical expertise to support credit risk strategies that underpin sustainable financing in Eritrea.

Job Overview

The Credit Risk Analyst will play a pivotal role in assessing the creditworthiness of borrowers, monitoring portfolio performance, and ensuring compliance with the Bank’s risk policies. Reporting to the Head of Credit Risk Management, you will work closely with loan officers, sector specialists, and senior management to evaluate loan proposals, conduct financial analysis, and recommend risk mitigation measures. This position offers a unique chance to influence financing decisions that drive economic development in Eritrea, while gaining exposure to a diverse range of sectors including infrastructure, agriculture, and renewable energy. For more information about our mission and career opportunities, visit our website. The role is integral to the Bank’s objective of maintaining a robust credit portfolio and supporting the country’s growth agenda.

Key Responsibilities

• Analyze financial statements, cash flow projections, and market data to assess borrower credit risk.
• Prepare detailed credit risk reports and present findings to senior management.
• Monitor existing loan portfolios for early warning signs and recommend corrective actions.
• Ensure adherence to AfDB credit policies, regulatory requirements, and internal risk frameworks.
• Collaborate with sector specialists to incorporate industry-specific risk factors into credit assessments.
• Develop and maintain credit risk models and scoring tools.
• Participate in loan committee meetings and provide expert risk insights.
• Support the preparation of risk dashboards and periodic risk reviews.

Required Skills

• Strong analytical and quantitative abilities with proficiency in financial modeling.
• Excellent written and verbal communication skills.
• Attention to detail and ability to work under tight deadlines.
• Proficiency in MS Excel and familiarity with credit risk software.
• Understanding of banking regulations and credit risk standards.
• Ability to work collaboratively in a multicultural team.
• Problem‑solving mindset with a proactive approach to risk mitigation.

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Advanced certifications such as CFA, FRM, or equivalent are highly desirable and demonstrate a commitment to professional excellence in credit risk analysis.

Experience

Applicants should have 3 to 5 years of proven experience in credit analysis, risk assessment, or loan underwriting within a banking or financial services environment. Experience evaluating projects in emerging markets, particularly in Africa, will be considered an advantage.

Salary

The position offers a competitive salary range of 150,000 to 250,000 SSP per month, commensurate with experience and qualifications. Performance‑based bonuses and other incentives may be awarded based on individual and team achievements.

Benefits

• Comprehensive health insurance coverage.
• Retirement savings plan with employer contributions.
• Paid annual leave and public holidays.
• Professional development allowance.
• Transportation allowance for commuting in Massawa.
• Access to AfDB employee wellness programs.

Training

• On‑boarding program covering AfDB policies, systems, and culture.
• Continuous training in credit risk methodologies and financial analysis.
• Opportunities to attend regional workshops and conferences.
• Mentorship from senior risk management professionals.
• Access to online learning platforms for skill enhancement.

Working Environment

The role is based in our Massawa office, offering a modern workspace equipped with the latest technology and collaborative areas. Employees benefit from a supportive atmosphere that values diversity, encourages knowledge sharing, and promotes work‑life balance. The Bank’s commitment to sustainability is reflected in its office practices and community engagement initiatives.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online application portal on our website. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for a virtual interview followed by an on‑site assessment.

Equal Opportunity Statement

African Development 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.