Risk Management Officer Job Vacancy in Barentu, Eritrea – Banking

Job Description

Position: Risk Management Officer

Company: Eritrean Commercial Bank

Location: Barentu, Eritrea

Experience: Minimum 5 years in banking risk management

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

Eritrean Commercial Bank (ECB) is a leading financial institution in Eritrea, offering a comprehensive suite of banking services to individuals, SMEs, and large corporations. With a legacy spanning over three decades, ECB has built a reputation for stability, innovation, and community engagement. The bank operates a network of branches across the nation, including the strategic Barentu branch, which serves the Gash-Barka region’s growing commercial sector. As part of its commitment to excellence, ECB continuously invests in talent acquisition, technology upgrades, and risk mitigation frameworks to safeguard assets and support sustainable economic growth. This dedication makes ECB a top employer for professionals seeking long‑term career development in the banking sector.

ECB’s mission is to provide reliable, customer‑centric financial solutions while maintaining the highest standards of corporate governance. The bank’s vision emphasizes digital transformation, financial inclusion, and robust risk management practices. By joining ECB, you become part of a forward‑thinking organization that values integrity, teamwork, and continuous learning. The Risk Management Officer role is pivotal in ensuring that ECB’s operations align with regulatory requirements and internal risk appetite, thereby protecting the bank’s reputation and financial health.

Job Overview

The Risk Management Officer will lead the identification, assessment, and monitoring of credit, market, operational, and liquidity risks across ECB’s portfolio in Barentu and the surrounding region. Reporting directly to the Head of Risk Management, the officer will develop risk policies, conduct stress testing, and collaborate with business units to embed risk‑aware decision making. This position offers a unique opportunity to influence the bank’s risk culture, implement best‑in‑class frameworks, and contribute to strategic initiatives that drive sustainable growth. The role also involves close interaction with regulatory bodies, ensuring compliance with the National Bank of Eritrea’s guidelines and international banking standards.

As part of the broader Risk Management Department, the officer will work alongside seasoned analysts, auditors, and compliance specialists. The position demands strong analytical capabilities, a proactive mindset, and the ability to translate complex risk data into actionable insights for senior management. By joining ECB, you will be at the forefront of shaping risk strategies that support the bank’s ambition to become a regional leader in financial services, while also advancing your own professional expertise in a dynamic environment.

Key Responsibilities

• Develop and maintain comprehensive risk assessment models for credit, market, operational, and liquidity risks.
• Conduct regular risk reviews, stress testing, and scenario analysis to evaluate potential impacts on the bank’s portfolio.
• Prepare detailed risk reports and present findings to senior management and the Board of Directors.
• Collaborate with business units to embed risk controls into product development, loan underwriting, and investment decisions.
• Monitor compliance with the National Bank of Eritrea regulations and international best practices such as Basel III.
• Lead the investigation and remediation of risk incidents, ensuring timely corrective actions.
• Maintain the risk register and update risk appetite statements in line with strategic objectives.
• Provide training and guidance to staff on risk awareness and mitigation techniques.
• Support the development of the annual risk management budget and resource allocation.
• Participate in internal and external audits, providing necessary documentation and explanations.

Required Skills

• Strong analytical and quantitative skills with proficiency in risk modeling tools.
• In‑depth knowledge of banking regulations, Basel III, and local compliance requirements.
• Excellent communication and presentation abilities to convey complex risk concepts to non‑technical stakeholders.
• Proficiency in MS Excel, VBA, and risk management software (e.g., SAS, Moody’s Analytics).
• Ability to work independently and lead cross‑functional risk initiatives.
• High ethical standards and a commitment to confidentiality.
• Problem‑solving mindset with attention to detail and accuracy.

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 PRM (Professional Risk Manager) are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants must have a minimum of five (5) years of hands‑on experience in risk management within a banking environment. Experience in credit risk assessment, market risk analysis, or operational risk monitoring is essential. Prior exposure to regulatory reporting and interaction with supervisory authorities 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 other incentives are part of the compensation package.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Annual paid leave and public holidays in accordance with Eritrean labor law.
• Professional development allowance for certifications and training.
• Transportation allowance for daily commute.

Training

• Onboarding program covering ECB’s risk framework, policies, and systems.
• Continuous learning opportunities through workshops, webinars, and industry conferences.
• Mentorship from senior risk officers and access to a knowledge‑sharing portal.

Working Environment

Eritrean Commercial Bank offers a collaborative, inclusive, and technology‑driven workplace. The Barentu office features modern workstations, secure data facilities, and a supportive team culture that encourages innovation and professional growth. Employees benefit from flexible working arrangements, a focus on work‑life balance, and a commitment to employee well‑being.

Application Process

Interested candidates are invited to submit their application through the official ECB career portal. Please upload your updated CV, a cover letter outlining your suitability for the role, and copies of relevant certifications. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for an interview. For detailed information about the application steps, visit https://eritreajobsearch.com/.

Equal Opportunity Statement

Eritrean Commercial 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.