Risk Analyst

Company Information

Employer: HOUSING DEVELOPMENT FINANCE CORPORATION PLC

Department: Risk & Compliance

Location: Not specified

Job Type: Contract

Salary & Benefits

Salary Range: MVR 15500.00 - 23000.00

Total Take-Home Amount: MVR 15,500 - MVR 23,000

Requirements

Risk Policy and Procedure Development: Assist in the design, development, and implementation of comprehensive risk management policies and procedures aligned with the organization’s strategic objectives and regulatory requirements. Support periodic review and update of risk management frameworks to ensure relevance, efficiency, and alignment with industry best practices. Data Systems and Risk Assessment Processes: Contribute to the development and maintenance of systems and processes for collecting, storing, and analyzing data necessary for thorough and ongoing risk assessments. Assist in identifying internal and external events affecting the Corporation, assess their impact, and recommend risk mitigation strategies. Key Risk Indicators (KRIs) and Monitoring: Assist in the development, implementation, and continuous monitoring of Key Risk Indicators (KRIs) to effectively track and report on risk exposure across business units. Ensure timely escalation of emerging risks or anomalies detected through KRI monitoring. Data Analysis and Emerging Risk Identification: Conduct company-level and departmental risk assessments to identify potential vulnerabilities, control weaknesses, and compliance gaps. Analyze complex data sets to identify trends, anomalies, or patterns that may indicate emerging risks. Provide insights to management on potential impacts and recommend proactive risk mitigation measures. Risk Dashboard and Reporting: Assist in the development and continuous improvement of the Risk Dashboard for management reporting. Prepare and present risk and compliance reports to senior management, highlighting exposures, and recommendations. Cross-Functional Collaboration: Work closely with all departments to implement security controls and compliance measures. Coordinate with other departments to ensure compliance with risk management standards. Event and Incident Response: Assist in identifying internal and external events affecting the organization, evaluate their potential impact, and support the development of responsive risk mitigation strategies. Regulatory Compliance and Audit Support: Monitor regulatory developments and industry trends and ensure compliance with applicable laws and guidelines. Provide support during audits, assessments, and regulatory inspections, ensuring timely and accurate responses to inquiries. Risk Culture and Awareness: Promote a culture of risk awareness across the organization by conducting periodic training and awareness programs. Participate in the development and testing of business continuity and disaster recovery plans to ensure organizational preparedness for adverse events. Sharia’h Risk Management: Support the identification, monitoring, and mitigation of Shariah non-compliance risks in Islamic finance operations. Collaborate with the Shariah Compliance Officer and relevant departments to resolve and mitigate identified Shariah-related risks. Ad Hoc and Special Projects: Provide analytical and operational support on risk-related tasks or projects as required by senior management. Bachelor’s degree in finance, Risk Management, Banking, Business Administration, or a related field. Proven experience in risk analysis, compliance, audit, or related roles. Proficiency in Excel, risk modeling tools, and data visualization software. Familiarity with regulatory frameworks, corporate governance and Risk Management best practices. Excellent written and verbal communication skills. Strong analytical and problem-solving skills. High level of integrity and attention to detail. Ability to work independently and collaboratively across functions. Minimum Experience: Not Specified

Benefits

MVR 0+; Staff Health Insurance Plan; Staff Loan Scheme; Annual Bonus; Training and development opportunities.