Risk Management Analyst Job Vacancy in Arusha, Tanzania – Banking & Finance

Job Description

Position: Risk Management Analyst

Company: Standard Chartered Bank Tanzania

Location: Arusha, Tanzania

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

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

Employment Type: Full-time

Industry: Banking & Finance

Department: Risk Management

Salary: SSP 2,500,000 – 4,000,000 per month

Vacancies:1

Company Overview

Standard Chartered Bank Tanzania is a leading international bank with a strong heritage of over 150 years in delivering innovative financial solutions across Africa and Asia. Operating in Tanzania since the early 1900s, the bank has built a reputation for supporting economic growth, fostering entrepreneurship, and promoting sustainable development. With a network of branches in major cities such as Dar es Salaam, Mwanza, and Arusha, the bank serves a diverse client base ranging from multinational corporations to small and medium enterprises. Its commitment to responsible banking aligns with the United Nations Sustainable Development Goals, making it a preferred employer for professionals seeking meaningful impact. As part of its expansion strategy, Standard Chartered Bank Tanzania continuously invests in talent acquisition, technology, and risk management frameworks to stay ahead in a dynamic financial landscape. This environment offers abundant Tanzania Jobs for ambitious individuals looking to advance their careers in a globally recognized institution.

Job Overview

The Risk Management Analyst will play a pivotal role in identifying, assessing, and mitigating financial risks associated with the bank’s lending, investment, and operational activities. Reporting to the Head of Risk Management, the analyst will collaborate with cross‑functional teams to develop robust risk models, conduct stress testing, and ensure compliance with regulatory standards set by the Bank of Tanzania and international bodies. This position is central to safeguarding the bank’s assets and reputation, contributing directly to the bank’s strategic objectives. Candidates will have the opportunity to work on high‑impact projects, engage with senior leadership, and enhance their expertise in a fast‑moving banking environment. For more information about the organization, visit https://tanzaniajobsearch.com/. This role is a prime example of Career Opportunities in Tanzania for finance professionals.

Key Responsibilities

• Conduct comprehensive risk assessments for credit, market, and operational exposures.
• Develop and maintain quantitative risk models using statistical software and Excel.
• Perform regular stress testing and scenario analysis to evaluate potential impacts on the bank’s portfolio.
• Prepare detailed risk reports and presentations for senior management and regulatory bodies.
• Monitor compliance with internal risk policies and external regulatory requirements.
• Collaborate with the Credit, Treasury, and Compliance departments to implement risk mitigation strategies.
• Assist in the development of the bank’s risk appetite framework and risk limits.
• Stay updated on emerging risks, industry trends, and changes in the regulatory environment.

Required Skills

• Strong analytical and quantitative skills with proficiency in statistical analysis.
• Advanced knowledge of risk management concepts, credit risk, market risk, and operational risk.
• Experience with risk modeling tools such as SAS, R, Python, or similar.
• Excellent written and verbal communication skills for report preparation and stakeholder engagement.
• Attention to detail and ability to work under tight deadlines.
• Proficiency in Microsoft Office Suite, especially Excel and PowerPoint.
• Ability to think critically and propose innovative risk solutions.

Education

A Bachelor’s degree in Finance, Economics, Business Administration, Mathematics, Statistics, or a related discipline is required. A Master’s degree or professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst) are highly desirable and will be considered an advantage during the selection process.

Experience

Applicants must have 3‑5 years of relevant experience in risk analysis, credit risk assessment, or financial risk management within a banking or financial services environment. Experience with regulatory reporting and familiarity with the Bank of Tanzania’s risk guidelines will be advantageous.

Salary

The successful candidate will receive a competitive salary ranging from SSP 2,500,000 to SSP 4,000,000 per month, commensurate with experience and qualifications. The remuneration package also includes performance‑based bonuses and other benefits.

Benefits

• Health insurance coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Annual leave and paid public holidays in accordance with Tanzanian labor law.
• Professional development allowance for certifications and training.
• Employee assistance program and wellness initiatives.

Training

• On‑boarding program covering bank policies, risk frameworks, and compliance standards.
• Continuous learning opportunities through internal workshops, webinars, and external courses.
• Mentorship from senior risk managers to accelerate career growth.

Working Environment

Standard Chartered Bank Tanzania offers a collaborative and inclusive workplace that encourages innovation and continuous improvement. The Arusha office provides a modern, secure, and technology‑enabled environment where employees can thrive. Flexible working arrangements and a focus on work‑life balance are integral to the bank’s culture, ensuring that staff can deliver their best performance while maintaining personal well‑being.

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 the bank’s career website. Applications will be screened by the Talent Acquisition team, followed by a preliminary interview, technical assessment, and final interview with the Risk Management leadership. Only shortlisted candidates will be contacted for further steps.

Equal Opportunity Statement

Standard Chartered Bank Tanzania 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, ensuring that every applicant receives equal consideration for employment.