Risk Management Job Description

August 4, 2010 | By More

Risk Management Job Profile and Description

Risk management is a term that is used to refer to all the risks that a company may face in its operational, financial, legal and strategic obligations and its management. A risk manager is responsible for one or all the risks the company may face.

Duties and Responsibilities

  • The risk manager has to be involved in analyzing the risks the company is facing.
  • He is responsible for the monitoring and prevention of such risks as well.
  • His main aim is to protect the company from all kinds of business risks.
  • He has to identify the risks that may harm the company’s goals and objectives and ensure that they are prevented.
  • He has to report regularly to senior management of the company regarding his analysis of the company’s risks.
  • He has to ensure that the company does not enter into any contract with an external party which may harm the company’s policies and practices.

Skills and Specifications

  • Very good leadership skills are extremely important to be successful in the field of risk management.
  • A good working knowledge about the concepts and practices of risk management is also a pre – requisite.
  • He should not only be equipped with very good communication skills, but high interpersonal skills as well.
  • Problem – solving capabilities and sound judgment are skills that are required for a risk manager to have.
  • He should possess a fit body as the job entails long arduous working hours.
  • He should possess the self – confidence and oratory skills required for presenting reports and conducting meetings with the senior management of the company.

Education and Qualifications

Persons who want to become risk managers should have a Bachelor’s or Master’s degree in Business Administration. Some companies look for a background in regulatory law or economics while hiring.

Category: Management Job Descriptions

Comments are closed.