Job Description
Key Responsibilities
Risk Identification and Assessment
- Analyze potential risks in real estate projects, including construction delays, cost overruns, regulatory challenges, and market fluctuations.
- Identify operational risks related to property sales, leasing, procurement, and tenant management.
- Evaluate environmental, social, and governance (ESG) risks, such as sustainability, zoning compliance, and community relations.
Risk Mitigation and Control
- Develop and implement strategies to mitigate identified risks, including operational, financial, legal, and reputational risks.
- Establish internal controls and policies to prevent fraud, compliance breaches, and operational inefficiencies.
- Collaborate with legal and compliance teams to ensure adherence to real estate laws, zoning regulations, and safety standards.
Risk Monitoring
- Continuously monitor risk factors and update risk registers to reflect changes in the business environment.
- Conduct regular audits and reviews of business processes to ensure risk controls are effective.
- Use data analytics to identify trends and predict potential risks.
Compliance and Governance
- Ensure compliance with local and international regulations affecting real estate operations, such as tax laws, building codes, and labor laws.
- Maintain alignment with corporate governance standards and develop policies to address emerging risks.
Crisis Management and Business Continuity
- Develop and test contingency plans for risks such as natural disasters, market downturns, or legal disputes.
- Lead crisis management efforts during unexpected events and implement corrective actions.
Stakeholder Engagement
- Work closely with internal departments such as Finance, Legal, Operations, and Procurement to align risk management practices.
Reporting and Analysis
- Prepare comprehensive risk reports and present the internal Auditor for board committee review.
- Provide insights into risk trends and recommend strategic adjustments to mitigate long-term risks.
Skills and Qualifications
- Educational Background: Bachelor’s degree in Risk Management, Finance, Accounting, Business Administration. A master’s degree or relevant certifications; any of CRM, PRM, ARM, plus any of CNA, ACCA, ACA).
- Experience: 5+ years of experience in risk management
- Technical Skills: Proficiency in risk assessment tools, and data analytics.
- Soft Skills: Strong analytical, communication, and leadership skills, with the ability to influence decision-making.