Job Title : Risk Analyst
Salary : Rs 4,98,314 per year
Company : PhonePe
Location : Bengaluru, Karnataka
Qualifications : Bachelor’s degree
Experience : 1-2 years of experience
ABOUT PHONEPE
PhonePe is a distinguished Indian virtual bills platform, supplying a huge variety of monetary offerings thru its mobile app. Founded in 2015 by Sameer Nigam, Rahul Chari, and Burin Engineer, PhonePe fast received reputation because of its user-pleasant interface and seamless transaction experience. In 2016, it changed into received by Flipkart, India’s main e-trade market, which provided vast backing and integration opportunities.
The platform permits users to make virtual bills, along with utility bill bills, cellular recharges, and on-line purchases. It also helps peer-to-peer money transfers the usage of the Unified Payments Interface (UPI) infrastructure advanced through the National Payments Corporation of India (NPCI).
PhonePe’s boom has been fuelled by way of strategic partnerships with essential banks, agencies, and on line systems, expanding its provider services and user base. It has also ventured into financial offerings together with coverage and mutual price range through partnerships with various monetary establishments.
Job Overview
A Risk Analyst assesses potential risks and uncertainties that could impact an organization’s operations, finances, or reputation. They use statistical analysis, financial modeling, and risk assessment techniques to identify, evaluate, and mitigate risks. Key responsibilities include developing risk management strategies, monitoring risk exposure, preparing risk reports for stakeholders, and recommending measures to minimize potential losses. Effective communication and analytical skills are crucial, as they collaborate with various departments to implement risk management policies and ensure compliance with regulations. A thorough understanding of industry trends and risk factors allows them to make informed decisions that safeguard the organization’s interests.
Qualifications for Risk Analyst:
- Education: A bachelor’s diploma in finance, economics, commercial enterprise administration, facts, arithmetic, or a related discipline is typically required. Some positions may decide on applicants with a master’s degree in a applicable field.
- Certifications: While no longer always obligatory, certifications which includes the Chartered Financial Analyst (CFA), Financial Risk Manager (FRM), or Certified Risk Manager (CRM) can decorate credibility and activity potentialities.
- Analytical Skills: Proficiency in quantitative evaluation, statistical modelling, and economic forecasting is important. Strong interest to element and the capability to interpret complicated facts are also essential.
- Industry Knowledge: Familiarity with regulatory necessities, enterprise traits, and danger control frameworks (e.g., Basel III for banks) is wonderful.
- Communication Skills: Effective verbal exchange is essential for imparting findings, making guidelines, and participating with stakeholders across one of a kind levels of the enterprise.
Responsibilities of Risk Analyst:
- Risk Assessment: Identify and check capability risks (economic, operational, regulatory, and so on.) that could affect the employer’s goals. This entails analysing data, engaging in hazard assessments, and staying knowledgeable about industry developments.
- Risk Mitigation Strategies: Develop and implement techniques to mitigate identified risks. This may additionally consist of recommending adjustments to procedures, guidelines, or techniques to decorate chance control effectiveness.
- Monitoring and Reporting: Monitor key danger signs (KRIs) and record findings to senior management or the board of administrators. Prepare comprehensive risk reviews detailing the character of risks, ability influences, and mitigation efforts.
- Compliance and Governance: Ensure compliance with regulatory necessities and inner policies associated with hazard control. Develop and preserve threat control frameworks that align with industry nice practices.
- Collaboration: Work intently with different departments (e.G., finance, compliance, legal) to coordinate threat management sports and projects. Provide guidance and guide to make sure constant threat focus and understanding across the organization.
- Risk Culture Promotion: Foster a risk-conscious way of life inside the enterprise by means of selling recognition, training, and education on hazard control concepts and practices.
- Continuous Improvement: Continuously overview and enhance risk management procedures and methodologies primarily based on feedback, industry modifications, and emerging dangers.
- Crisis Management: Participate in crisis control and commercial enterprise continuity making plans to make sure the company is prepared to reply efficiently to surprising activities or crises.
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