Career Resources

Risk Manager

Do you have an exploratory mind and enjoy putting it to use to help people? Do you like solving problems, seeing how different pieces fit together and helping connect the dots?

What do they do?

Risk Managers are diagnostic experts who advise organizations on potential risks to the existence or profitability of the company and help to mitigate losses and comply with existing regulations. They identify and analyze threats, examine data and trends, create contingency plans and determine how to avoid, reduce or transfer risks.

Why is it important?

Risk Managers, who can be employed in-house (by the insured) or as consultants, are responsible for managing the risk to the organization, its employees, customers, reputation, assets, and interests of stakeholders. The potential scope of their work can be quite broad, including enterprise risk, corporate governance, regulatory and operational risk, business continuity, information and security risk, technology risk, and market and credit risk. The Risk Manager’s extensive knowledge and findings help to inform the underwriting process.

Typical Duties

Plan and implement an organizational risk management program.
Risk identification and analysis.
Prepare reports that outline findings and recommended changes.
Gather risk-related data and develop risk management systems.
Assist in purchasing insurance, implementing safety measures and developing business continuity plans.

Required Skills

Problem Solving
Good Judgment and Decision Making
Analytical and Critical Thinking
Active Listening
Persuasion

Career Facts

Education and Professional Requirements:
- Entry-level: Bachelor’s degree, related work experience, or training program
- Advancement: Bachelor’s degree, multiple years of work experience, industry certifications