Risk Management Job Description

Risk Management Job Profile and Description

Risk management is a term that is used to refer to all the risks that an organization 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 organization may face.

Duties and Responsibilities

• The risk manager has to be involved in analyzing the risks the organization is facing.

• He is responsible for the monitoring and prevention of such risks as well.

• His main aim is to protect the organization from all kinds of business risks.

• He has to identify the risks that may harm the organization’s goals and objectives and ensure that they are prevented.

• He has to report regularly to senior management of the organization regarding his analysis of the organization’s risks.

• He has to ensure that the organization does not enter into any contract with an external party which may harm the organization’s policies and practices.

Skills and Specifications

• Very strong leadership skills are extremely important to be successful in the field of risk management.

• A strong working knowledge about the concepts and practices of risk management is also a pre – requisite.

• He must not only be equipped with very strong 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 must possess a fit body as the job entails long arduous working hours.

• He must possess the self – confidence and oratory skills required for presenting reports and conducting meetings with the senior management of the organization.

Education and Qualifications

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

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