Credit Risk Analyst Job Vacancy in Chipata, Zambia – Banking & Financial Services

Job Description

Position:Credit Risk Analyst

Company:Standard Chartered Bank Zambia

Location:Chipata, Zambia

Experience:3-5 years in credit risk analysis

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

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Risk Management

Salary:SSP 120,000 – 180,000 per month

Vacancies:1

Company Overview

Standard Chartered Bank Zambia is a leading international bank with a strong commitment to fostering economic growth and financial inclusion across the Zambian market. With a heritage spanning over 150 years, the bank offers a comprehensive suite of banking services, ranging from retail and corporate banking to wealth management and trade finance. Operating in major Zambian cities, Standard Chartered is renowned for its innovative digital platforms, robust risk frameworks, and dedication to sustainable development. As part of its expansion strategy, the bank continues to invest in talent that can drive excellence in risk management, making this role a pivotal component of its long‑term vision for the Chipata region.

Job Overview

The Credit Risk Analyst will join the Risk Management Department in Chipata, providing critical analysis and insight into the creditworthiness of corporate and SME clients. This position plays a central role in safeguarding the bank’s loan portfolio by conducting rigorous credit assessments, monitoring risk indicators, and supporting the development of risk mitigation strategies. The analyst will collaborate closely with relationship managers, underwriting teams, and senior risk officers to ensure that credit decisions align with the bank’s risk appetite and regulatory requirements. This role offers a unique opportunity to contribute to the financial stability of Zambia while advancing a career in a globally recognized banking institution.

As part of Standard Chartered’s commitment to digital transformation, the analyst will also leverage advanced analytics tools and data‑driven methodologies to enhance credit scoring models, thereby supporting the bank’s goal of delivering faster, more accurate credit decisions. The position is ideal for professionals seeking to deepen their expertise in credit risk within a dynamic, technology‑enabled environment.

Key Responsibilities

• Conduct comprehensive credit assessments for new loan proposals, including financial statement analysis, cash flow modeling, and industry risk evaluation.
• Monitor existing credit exposures, identify early warning signals, and recommend corrective actions to senior risk officers.
• Develop and maintain credit risk rating models, ensuring they reflect current market conditions and regulatory standards.
• Prepare detailed credit risk reports and presentations for the Credit Committee and senior management.
• Collaborate with relationship managers to structure credit facilities that balance client needs with the bank’s risk appetite.
• Assist in the implementation of the bank’s credit risk policies and ensure compliance with the Bank of Zambia’s regulatory framework.
• Utilize data analytics platforms to enhance predictive risk analytics and support strategic decision‑making.

Required Skills

• Strong analytical and quantitative skills with proficiency in Excel, VBA, and statistical software (e.g., SAS, R, or Python).
• In‑depth understanding of credit risk concepts, financial statement analysis, and loan structuring.
• Excellent written and verbal communication skills for preparing reports and presenting findings.
• Ability to work independently and as part of a cross‑functional team in a fast‑paced environment.
• Attention to detail and a proactive approach to identifying and mitigating risk.
• Familiarity with local banking regulations and international risk standards (e.g., Basel III).

Education

A minimum of a Bachelor’s degree in Finance, Economics, Business Administration, or a related discipline is required. Professional certifications such as CFA, FRM, or equivalent are highly desirable and will be considered an advantage during the selection process.

Experience

Candidates should possess 3‑5 years of hands‑on experience in credit risk analysis, preferably within a commercial banking environment. Experience evaluating corporate and SME credit portfolios, as well as exposure to risk modeling and regulatory reporting, will be viewed favorably.

Salary

The compensation package ranges from SSP 120,000 to SSP 180,000 per month, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a retirement savings scheme.

Benefits

• Comprehensive health and medical coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Annual performance bonus linked to individual and bank performance.
• Professional development allowance for certifications and training.
• Access to Standard Chartered’s global employee assistance programs.

Training

• On‑boarding program covering bank policies, risk frameworks, and compliance standards.
• Continuous learning modules on advanced credit analytics, data science, and regulatory updates.
• Mentorship opportunities with senior risk officers and access to internal knowledge‑sharing platforms.

Working Environment

The Chipata office offers a modern, collaborative workspace equipped with state‑of‑the‑art technology and secure data systems. Employees benefit from a culture that values integrity, diversity, and innovation, fostering an environment where ideas are encouraged and professional growth is supported.

Application Process

Interested candidates should submit their application through the Standard Chartered careers portal. The selection process includes an online assessment, a technical interview, and a final interview with the Risk Management leadership team. For more information about the role and to apply, please visit the main website https://zambiajobssearch.com.

Additional details about Standard Chartered’s global initiatives and corporate responsibility can be found at https://www.liberiajobsearch.com/.

Equal Opportunity Statement

Standard Chartered Bank Zambia 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.