Credit Risk Analyst Job Vacancy in Mwanza, Tanzania – Banking
Job Description
Position: Credit Risk Analyst
Company: Standard Chartered Bank Tanzania
Location: Mwanza, Tanzania
Experience: 3-5 years in credit risk analysis
Education: Bachelor’s degree in Finance, Economics, or related field
Employment Type: Full-time
Industry: Banking
Department: Risk Management
Salary: SSP 2,500,000 – 3,500,000 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. Operating in major Tanzanian cities, the bank is committed to fostering economic growth, supporting entrepreneurship, and promoting sustainable development. As part of a global network, Standard Chartered offers a dynamic environment where talent thrives, making it a top destination for professionals seeking career advancement. This role contributes to the bank’s mission of responsible banking and aligns with the growing demand for skilled credit risk professionals in Tanzania Jobs.
Job Overview
The Credit Risk Analyst will play a pivotal role in assessing creditworthiness, monitoring portfolio performance, and ensuring compliance with regulatory standards. Working closely with the Risk Management Department, the analyst will provide data‑driven insights to support lending decisions and mitigate potential losses. This position offers a unique opportunity to influence strategic credit policies while advancing your career in a reputable financial institution.
Key Responsibilities
- Conduct comprehensive credit assessments for corporate and SME loan applications.
- Analyze financial statements, cash flow projections, and market trends to determine credit risk.
- Prepare detailed risk rating reports and present findings to senior management.
- Monitor existing loan portfolios, identify early warning signals, and recommend corrective actions.
- Ensure adherence to Basel III and local regulatory requirements.
- Collaborate with relationship managers to structure appropriate credit facilities.
- Maintain and enhance credit risk models using statistical tools.
- Participate in periodic stress‑testing exercises and risk reporting.
Required Skills
- Strong analytical and quantitative abilities with proficiency in Excel and statistical software.
- In‑depth knowledge of credit risk frameworks and banking regulations.
- Excellent written and verbal communication skills for report preparation.
- Ability to work independently and as part of a cross‑functional team.
- Attention to detail and high level of accuracy in data analysis.
- Proficiency in English; Swahili fluency is an advantage.
Education
A minimum of a Bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. Professional certifications such as CFA, FRM, or equivalent are highly desirable and demonstrate a commitment to excellence in credit risk management.
Experience
Applicants should have 3 to 5 years of proven experience in credit risk analysis within a banking or financial services environment. Experience with loan underwriting, risk rating systems, and regulatory compliance will be considered essential.
Salary
The compensation package ranges from SSP 2,500,000 to SSP 3,500,000 per month, commensurate with experience and qualifications. The package includes performance‑based incentives aligned with the bank’s objectives.
Benefits
- Comprehensive health insurance covering medical, dental, and vision.
- Retirement savings plan with employer contributions.
- Annual performance bonus and profit‑sharing opportunities.
- Paid annual leave and statutory holidays.
- Employee assistance program and wellness initiatives.
- Flexible working arrangements where applicable.
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Training
- On‑boarding program covering bank policies, systems, and risk culture.
- Continuous professional development through internal workshops and external certifications.
- Mentorship from senior risk managers to accelerate skill growth.
- Access to e‑learning platforms for finance and risk management courses.
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Working Environment
Standard Chartered Bank Tanzania offers a collaborative, inclusive, and technology‑enabled workplace. Employees benefit from modern office facilities in Mwanza, a culture that values diversity, and a commitment to ethical conduct. The bank encourages innovative thinking and provides tools that enable staff to deliver high‑quality results.
Application Process
Interested candidates should submit their updated CV and a cover letter outlining their suitability for the role through the online application portal. Shortlisted applicants will be invited for a competency‑based interview followed by a technical assessment.
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, or background. All qualified applicants will receive consideration for employment without discrimination.
