Credit Risk Modeling Analyst Job Vacancy in Arusha, Tanzania – Banking & Financial Services

Job Description

Position: Credit Risk Modeling Analyst

Company: Standard Bank Tanzania

Location: Arusha, Tanzania

Experience: 3-5 years in credit risk analytics, financial modeling, or related fields

Education: Bachelor’s degree in Finance, Economics, Mathematics, Statistics or a related discipline

Employment Type: Full-time

Industry: Banking & Financial Services

Department: Risk Management

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

Vacancies:1

Company Overview

Standard Bank Tanzania is a leading financial institution delivering innovative banking solutions across East Africa. With a strong commitment to economic development, the bank supports individuals, SMEs, and large corporations through a comprehensive suite of products and services. As part of the Standard Bank Group, the Tanzanian subsidiary upholds the Group’s values of integrity, excellence, and customer focus, contributing to the nation’s financial inclusion and growth. The bank’s presence in Arusha positions it at the heart of a vibrant commercial hub, offering a dynamic environment for professionals seeking to make an impact in the financial sector. This role aligns with the bank’s strategic focus on robust risk management and data‑driven decision making, reinforcing its reputation as a trusted partner for businesses and consumers alike.

Job Overview

The Credit Risk Modeling Analyst will play a pivotal role in developing, validating, and maintaining quantitative models that assess credit risk across the bank’s loan portfolio. Reporting to the Head of Credit Risk Analytics, the analyst will collaborate with cross‑functional teams to ensure models are accurate, compliant with regulatory standards, and aligned with the bank’s risk appetite. This position offers a unique opportunity to influence credit policy, enhance risk assessment capabilities, and contribute to the bank’s strategic objectives. Candidates will engage with senior stakeholders, present insights, and support the continuous improvement of risk frameworks, making this a highly visible and impactful role within Standard Bank Tanzania.

Key Responsibilities

• Design, develop, and implement statistical and machine‑learning models for credit risk assessment, including PD, LGD, and EAD estimates.
• Conduct model validation, back‑testing, and performance monitoring to ensure predictive accuracy and regulatory compliance.
• Collaborate with credit officers, data engineers, and business analysts to gather data requirements and integrate model outputs into credit decision processes.
• Prepare comprehensive documentation, model governance reports, and presentations for senior management and regulators.
• Stay abreast of industry best practices, emerging methodologies, and regulatory changes affecting credit risk modeling.
• Support the development of stress‑testing scenarios and portfolio risk analytics.

Required Skills

• Strong proficiency in statistical programming languages such as R, Python, or SAS.
• Experience with SQL and data manipulation in large relational databases.
• Deep understanding of credit risk concepts, Basel III/IV requirements, and model risk management frameworks.
• Excellent analytical, problem‑solving, and quantitative skills.
• Effective communication skills to convey complex model results to non‑technical stakeholders.
• Ability to work independently and as part of a multidisciplinary team.

Education

A Bachelor’s degree in Finance, Economics, Mathematics, Statistics, or a related field is required. A Master’s degree or professional certifications such as FRM, CFA, or PRM are highly desirable and will be considered an advantage.

Experience

Applicants should have 3‑5 years of hands‑on experience in credit risk modeling, financial analytics, or a related quantitative role within the banking or financial services industry. Prior exposure to regulatory reporting and model validation processes is essential.

Salary

The position offers a competitive salary ranging from SSP 2,500,000 to SSP 4,000,000 per month, commensurate with experience and qualifications. Performance‑based bonuses and other incentives are part of the total compensation package.

Benefits

• Comprehensive health insurance covering medical, dental, and vision.
• Retirement savings plan with employer contributions.
• Paid annual leave, sick leave, and public holidays.
• 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 analysts and access to a knowledge‑sharing platform.

Working Environment

Standard Bank Tanzania offers a collaborative, inclusive, and technology‑driven workplace. The Arusha office features modern facilities, flexible working arrangements, and a culture that encourages innovation and professional growth. Employees are empowered to contribute ideas, take ownership of projects, and drive positive change within the organization.

Application Process

Interested candidates are invited to submit their updated CV and a cover letter outlining their relevant experience through the online portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews. For more information about the role and to apply, please visit Tanzania Job Search.

Equal Opportunity Statement

Standard 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. All qualified applicants will receive consideration for employment without discrimination.