Credit Risk Assessment Specialist Job Vacancy in Kisii, Kenya – Banking & Finance
Job Description
Position: Credit Risk Assessment Specialist
Company: Equity Bank Kenya
Location: Kisii, Kenya
Experience: 3-5 years of credit risk analysis
Education: Bachelor’s degree in Finance, Economics, or related field
Employment Type: Full-time
Industry: Banking & Finance
Department: Risk Management
Salary: SSP 1,200,000 – 1,800,000 per annum
Vacancies:1
Company Overview
Equity Bank Kenya is a leading financial institution with a strong presence across the nation, offering a wide range of banking services to individuals, SMEs, and large corporations. With a commitment to financial inclusion and innovative digital solutions, Equity Bank has consistently been recognized as a top employer in Kenya. The bank’s robust risk management framework ensures sustainable growth while safeguarding assets, making it an ideal environment for professionals seeking challenging and rewarding careers. As part of its expansion strategy, Equity Bank is actively hiring talented individuals to strengthen its risk management capabilities, contributing to the broader goal of economic development in Kenya. This role offers a unique opportunity to be part of a dynamic team that drives strategic decision‑making and supports the bank’s mission of empowering customers and communities.
Job Overview
The Credit Risk Assessment Specialist will play a pivotal role in evaluating credit applications, monitoring portfolio performance, and developing risk mitigation strategies. Reporting to the Head of Credit Risk, the specialist will collaborate with loan officers, product managers, and senior analysts to ensure that credit decisions align with the bank’s risk appetite and regulatory requirements. This position is essential for maintaining the integrity of the loan portfolio and supporting the bank’s growth objectives in the competitive Kenyan market.
Key Responsibilities
- Analyze credit proposals and financial statements to assess borrower creditworthiness.
- Develop and maintain credit scoring models and risk rating systems.
- Monitor existing loan portfolios for early warning signs of delinquency.
- Prepare detailed risk assessment reports for senior management and regulatory bodies.
- Collaborate with product development teams to design risk‑adjusted loan products.
- Conduct periodic stress testing and scenario analysis to evaluate portfolio resilience.
- Provide training and guidance to loan officers on credit risk best practices.
Required Skills
- Strong analytical and quantitative abilities with proficiency in Excel and statistical software.
- In‑depth knowledge of Kenyan banking regulations and Basel III standards.
- Excellent written and verbal communication skills for report preparation and stakeholder engagement.
- Ability to work independently and as part of a cross‑functional team.
- Attention to detail and strong problem‑solving mindset.
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 will be considered an advantage during the selection process.
Experience
Applicants should possess at least three to five years of hands‑on experience in credit risk analysis, preferably within a commercial banking environment. Experience with credit scoring models, portfolio monitoring tools, and regulatory reporting is essential.
Salary
The successful candidate will receive a competitive salary ranging from SSP 1,200,000 to SSP 1,800,000 per annum, commensurate with experience and qualifications. Performance‑based bonuses and other incentives are also part of the compensation package.
Benefits
- Comprehensive health insurance covering medical, dental, and vision.
- Retirement savings plan with employer contributions.
- Paid annual leave and public holidays.
- Employee assistance program and wellness initiatives.
- Opportunities for career advancement and professional development.
Training
- On‑boarding program covering Equity Bank’s risk policies and systems.
- Continuous learning through internal workshops, webinars, and external certifications.
- Mentorship from senior risk management professionals.
Working Environment
Equity Bank offers a collaborative and inclusive workplace that values diversity and innovation. The Kisii branch provides modern office facilities, flexible working arrangements, and a supportive culture that encourages employees to share ideas and drive positive change.
Application Process
Interested candidates are invited to submit their updated CV and a cover letter outlining their suitability for the role through the online application portal. Applications will be reviewed on a rolling basis, and shortlisted candidates will be contacted for interviews.
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Equal Opportunity Statement
Equity Bank Kenya 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.
