Manager Credit Risk

About this role

East African Development Bank (EADB) is recruiting a Manager Credit Risk to lead independent second-line credit risk underwriting of the Bank’s financing proposals in Kampala, Uganda. Reporting to the Director Risk and Compliance, the post-holder will assess borrower and project creditworthiness, financial viability, transaction structures, repayment capacity, security and key risks. The manager will provide objective credit opinions, recommend mitigants and financing conditions, and support Management and Board decisions while safeguarding EADB’s risk appetite, capital and development mandate. Core duties include independently assessing complex project finance, infrastructure, sovereign, sovereign-guaranteed, corporate and financial institution proposals; challenging originating departments’ appraisals, due diligence, financial models and assumptions; and evaluating downside, residual and concentration risks.

It will interrogate financial models, conduct stress testing, debt sizing, DSCR, LLCR, PLCR and CFADS analysis, validate internal ratings and PD, LGD, EAD and expected credit loss, and assess collateral, guarantees, covenants and recovery prospects. The manager prepares evidence-based credit reports, present and defend opinions at credit and governance committees, maintain audit trails, and contribute to credit policy, underwriting tools and team development. 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. Candidates need at least ten years’ relevant experience in credit risk, project finance, infrastructure finance, structured finance, corporate banking, development finance or investment appraisal, including at least five years in a supervisory, managerial or senior specialist role.

CFA, CPA/ACCA, FRM, PRM or Chartered Banker and specialist project finance or credit risk training are advantageous. Experience at a DFI, MDB, infrastructure lender or project finance institution is highly desirable. EADB, established in 1967, provides development finance across Kenya, Uganda, Tanzania and Rwanda. The full-time Kampala post may require regional travel.

Apply by submitting the mandatory personal data form and emailing a CV to recruitment@eadb.org, quoting “Manager Credit Risk”, by 23 November 2026.