Details

Salary and Benefits

Negotiable Salary

Job Description

Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

 

Job Title: Risk Analyst

Department: Risk & Compliance

Job Type: Contract (Full-Time)

Term of Contract: 12 months (Based on performance employee will be given a permanent contract)

Vacancies: 01

 

Job Description

 

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.

Job Requirements & other competencies

• 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.

 

Salary: Salary ranging from MVR 15,500 to MVR 23,000 commensurate with qualifications and experience.

 

Other Benefits:

• Staff Health Insurance Plan
• Staff Loan Scheme
• Annual Bonus
• Training and development opportunities.

 

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs., from Sunday – Thursday.

 

Documents Required:

• Interested candidates are requested to fill the application form and submit the requested documents.

https://form.jotform.com/243588907905471

 

Note: Applications will be only accepted through the above form.

 

Deadline for Application submission: On or before 09th June 2025, 2:30 PM

 

Note: Only shortlisted candidates will be contacted for interview.

 

Human Resource Department

Housing Development Finance Corporation Plc., 3rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: hr@hdfc.com.mv

 

 

Requirements and Qualifications

Minimum Experience

Not Specified