Risk Manager

Position Name

  01 

No. of Positions    

 Internal Audit Department / Head Office, Male'

Worksite/Department

 1 Year Contract (3 months probation)

Job Type

Basic : MVR 10750.00

Service Allowance: MVR 6450.00 (60% of Basic Salary)

Food Allowance : MVR 1800.00

Professional Allowance :MVR 4300.00 (40% of Basic Salary)

MQA level 07,08 or 09 (40% of Basic Salary) MQA Level 05 ( 20% of Basic Salary)

Salary Breakdown

• Lead and manage the Risk management function of Mifco under the direction of the Chief Internal Auditor (CIA).
• Provide leadership, mentorship, and strategic guidance to the Risk Management team to ensure the effective execution of risk management responsibilities across the organization.
• Define the strategic direction for risk management initiatives and ensure alignment with the organization's overall goals and objectives.
• Provide direction in the development and periodic review of the organization's risk management policy to ensure compliance with regulatory requirements and alignment with strategic goals.
• Review the risk management framework to ensure it aligns with relevant standards, guidelines, industry’s best practices and organizational needs.
• Ensure the risk management process is governed under the approved risk management framework.
• Provide guidance and support to departments on risk management processes, and in maintaining and updating risk registers, and support the risk management team in reviewing these registers for completeness and accuracy.
• Organize and deliver risk management awareness programs to educate staff and promote a risk-aware culture across the organization.
• Review quarterly departmental risk management reports for accuracy, completeness, relevance, and timeliness.
• Prepare consolidate quarterly risk management reports for submission to Audit and Risk Committee and support the CIA in presenting and discussing these reports with relevant stakeholders.
• Supervise and guide staff within the Risk Management function and perform any additional duties assigned by the CIA.

Main Duties & Responsibilities

• Master’s degree in Auditing, Accounting Governance, Risk Management, Finance, Business Management or Equivalent with minimum (1) year relevant experience
• Bachelor’s degree in Auditing, Accounting Governance, Risk Management, Finance, Business Management or Equivalent with minimum 3 years’ experience.
• Diploma/ Advance diploma in in Auditing, Accounting Governance, Risk Management, Finance, Actuarial, business or Equivalent with minimum 7 years of relevant experience

(Professional certifications such as CIA, CRMA, ACCA , CIMA will be an added advantage.)

Minimum Qualification and Experience Required

25th December 2025 / 12:00hrs

Deadline

 Interested candidates must submit the following documents to        [email protected]                                                                       

• Complete and up-to-date Curriculum Vitae (CV).
• Copy of valid National Identity Card.
• Copies of academic certificates with transcripts. (International certificates must be accredited by MQA).
• Reference letters from current/ previous employers certifying types of employment, job roles, and service period.
• Recommendation letters from previous supervisors or employers (optional).
• Police Report

    You can contact us on 3323932- Ext:300

Expression of Interest