Senior Credit Risk Analyst Job Vacancy in Zomba, Malawi – Banking & Financial Services

Job Description

Position:Senior Credit Risk Analyst

Company:Standard Chartered Bank Malawi

Location:Zomba, Malawi

Experience:8+ years in credit risk analysis, banking preferred

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

Employment Type:Full-time

Industry:Banking & Financial Services

Department:Risk Management

Salary:SSP 2,500,000 – 3,500,000 per annum

Vacancies:1

Company Overview

Standard Chartered Bank Malawi is a leading international bank with a strong presence across Africa, committed to delivering innovative financial solutions that drive economic growth. With a legacy spanning over 150 years, the bank operates in more than 60 markets, offering a diverse portfolio of retail, corporate, and investment banking services. In Malawi, the bank supports businesses of all sizes, from small enterprises to large corporations, fostering financial inclusion and sustainable development. As part of its strategic expansion, Standard Chartered continues to invest in talent, technology, and community initiatives, making it an attractive employer for professionals seeking a dynamic and purpose‑driven career. This role contributes directly to the bank’s mission of responsible banking and aligns with the growing demand for robust credit risk management in the region. The position offers exposure to a collaborative environment, cutting‑edge risk analytics tools, and opportunities to influence policy and practice across the bank’s operations in Malawi and beyond.

Job Overview

The Senior Credit Risk Analyst will lead the assessment, monitoring, and mitigation of credit risk across the bank’s loan portfolio in Malawi. Reporting to the Head of Credit Risk, the incumbent will develop risk models, conduct portfolio reviews, and provide strategic recommendations to senior management. This role is pivotal in ensuring the bank’s credit exposure aligns with regulatory standards and internal risk appetite, thereby safeguarding asset quality and profitability. The successful candidate will work closely with relationship managers, product teams, and the compliance department to embed risk‑aware culture throughout the organization. For more information about the bank’s career opportunities, visit our main careers portal at https://malawijobsearch.com.

Explore similar opportunities in the region at https://lesothojobsearch.com/job-vacancy-lesotho/.

Discover additional international openings at https://egyptjobsearch.com/.

Key Responsibilities

• Design, develop, and maintain credit risk rating models and scoring systems tailored to the Malawian market.
• Conduct comprehensive credit reviews for new and existing corporate and SME borrowers, ensuring adherence to the bank’s risk policies.
• Monitor portfolio performance, identify emerging risk trends, and produce regular risk dashboards for senior leadership.
• Collaborate with product and relationship teams to structure credit facilities that balance client needs with risk mitigation.
• Prepare detailed risk assessment reports, including stress testing and scenario analysis, to support strategic decision‑making.
• Ensure compliance with Basel III, local regulatory requirements, and internal risk appetite frameworks.
• Lead a small team of junior analysts, providing mentorship, training, and performance feedback.
• Participate in credit committees, presenting findings and recommendations to the board and risk committees.

Required Skills

• Advanced proficiency in credit risk modeling techniques, statistical analysis, and financial statement analysis.
• Strong knowledge of banking regulations in Malawi and international risk standards.
• Expertise in risk management software such as SAS, R, Python, or similar analytical tools.
• Excellent communication and presentation skills, capable of influencing senior stakeholders.
• High attention to detail, analytical mindset, and ability to work under tight deadlines.
• Leadership abilities with experience managing junior analysts or cross‑functional teams.

Education

A bachelor’s degree in Finance, Economics, Accounting, or a related discipline is required. A master’s degree or professional certifications such as CFA, FRM, or PRM are highly desirable and will be considered an advantage during the selection process.

Experience

The ideal candidate will have at least eight years of progressive experience in credit risk analysis within a banking environment, with a proven track record of developing risk models and managing large loan portfolios. Experience in the African banking sector, particularly in Malawi, is preferred.

Salary

The compensation package ranges from SSP 2,500,000 to SSP 3,500,000 per annum, commensurate with experience and qualifications. The package includes performance‑based bonuses, health insurance, and a pension scheme.

Benefits

• Competitive annual salary with performance incentives.
• Comprehensive health and medical coverage for employee and dependents.
• Retirement savings plan with employer contributions.
• Generous paid leave, including annual, sick, and parental leave.
• Professional development allowance and support for certifications.

Training

• On‑boarding program covering bank policies, risk frameworks, and technology platforms.
• Continuous learning opportunities through internal workshops, webinars, and external courses.
• Mentorship from senior risk leaders and access to global risk community forums.

Working Environment

Based in Zomba, the role offers a modern office environment equipped with state‑of‑the‑art technology and collaborative workspaces. The bank promotes a culture of inclusion, innovation, and ethical conduct, encouraging employees to contribute ideas that drive business excellence. Flexible working arrangements are available, supporting work‑life balance while maintaining high performance standards.

Application Process

Interested candidates should submit their updated CV and a cover letter outlining their relevant experience through the online application portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be invited for a series of interviews, including technical assessments and a final interview with senior management.

Equal Opportunity Statement

Standard Chartered Bank Malawi 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 recruitment practices are designed to ensure fairness and transparency, providing equal access to career opportunities for all qualified applicants.

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