Manager Credit Risk

About this role

East African Development Bank is seeking a Manager Credit Risk to lead independent second-line credit risk underwriting of its financing proposals, including complex development projects, from its Kampala, Uganda office. Reporting to the Director Risk and Compliance, the post holder assesses borrower and project creditworthiness, financial viability, transaction structures, repayment capacity, security and key risks. Core responsibilities include independently reviewing project finance, infrastructure, sovereign, corporate and financial institution proposals, challenging originating departments' appraisals and financial models, and forming objective views on downside scenarios and residual risks. The manager interrogates assumptions, cash flows, debt sizing, tenor and repayment profiles, and reviews stress testing including DSCR, LLCR, PLCR and CFADS.

The role also involves validating internal credit ratings and PD, LGD, EAD and expected credit loss implications, assessing collateral and guarantees, recommending covenants and conditions, and evaluating country, sector, environmental, social, climate and governance risks. The post holder prepares evidence-based credit reports for Management and Board committees, presents independent opinions, escalates material concerns, and contributes to credit policy, underwriting tools and team leadership. A master's degree in finance, economics, accounting, banking, business administration, engineering with finance specialization or a related discipline is required, alongside a bachelor's degree. At least ten years of relevant experience in credit risk, project finance, infrastructure finance, structured finance, corporate banking, development finance or investment appraisal is required, with at least five years in a supervisory, managerial or senior specialist role.

CFA, CPA/ACCA, FRM, PRM or Chartered Banker and specialist training in project finance, financial modelling or development finance are advantageous. EADB is a regional development finance institution owned by Kenya, Uganda, Tanzania and Rwanda. This is a full-time position based in Kampala with regional travel and borrower due diligence possible. Applications require a personal data form and CV sent to recruitment@eadb.org by 23 November 2026, and only candidates from the four member states will be considered.