Job Role Description

HR > Risk Manager

Salary National Average

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69520.0000 93190.0000 109660.0000

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Short Description:

A Risk Manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization's financial, operational, or strategic objectives. They develop and implement risk management policies, conduct audits, and analyze data to minimize threats related to compliance, security, and business continuity. Risk Managers collaborate with leadership to create strategies that balance risk and reward while ensuring regulatory compliance. They also oversee insurance policies, conduct crisis management planning, and provide recommendations to enhance organizational resilience. Strong analytical skills, attention to detail, and strategic thinking are essential for success in this role.

Duties / Responsibilities:

  • Document and ensure communication of critical risks.
  • Maintain input or data quality of risk management systems.
  • Recommend ways to control or reduce risk.
  • Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
  • Devise systems and processes to monitor the validity of risk modeling outputs.
  • Gather risk-related data from internal or external resources.
  • Identify and analyze areas of potential risk to organizations' assets, earning capacity, or success.
  • Develop or implement risk-assessment models or methodologies.
  • Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
  • Plan, and contribute to the development of risk management systems.

Skills / Requirements / Qualifications

  • Reading Comprehension: Understanding written sentences and paragraphs in work-related documents.
  • Active Listening: Giving full attention to what other people are saying, taking time to understand the points made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
  • Speaking: Talking to others to convey information effectively.
  • Systems Analysis: Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
  • Mathematics: Using mathematics to solve problems.
  • Systems Evaluation: Identifying measures or indicators of system performance and the actions needed to improve or correct performance relative to the system's goals.
  • Writing: Communicating effectively in writing as appropriate for the audience's needs.
  • Complex Problem Solving: Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
  • Judgment and Decision Making: Considering the costs and benefits of potential actions to choose the most appropriate one.

Job Zones

  • Education: Most of these occupations require a four-year bachelor's degree, but some do not.
  • Related Experience: A considerable amount of work-related skill, knowledge, or experience is needed for these occupations. For example, an accountant must complete four years of college and work for several years in accounting to be considered qualified.
  • Job Training: Employees in these occupations usually need several years of work-related experience, on-the-job training, or vocational training.
  • Job Zone Examples: Many of these occupations involve coordinating, supervising, managing, or training others. Examples include accountants, sales managers, database administrators, teachers, chemists, environmental engineers, criminal investigators, and special agents.
  • Specific Vocational Preparation in years: 2-4 years preparation (7.0 to < 8.0)

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