Risk Manager
SOC 13-2099.01 · ESCO 2413 · OSCA 212931
Role snapshot
Overview
Identifies threats to an organisation's finances, operations, or reputation, quantifying their likelihood and impact and designing controls or insurance strategies to mitigate them. This role involves analytical assessment, strategic planning, and cross-functional collaboration to safeguard organisational assets and ensure business continuity.
Protects an organisation's assets, reputation, and financial stability by proactively identifying and mitigating potential threats, ensuring sustainable growth and compliance.
On the job
- Conduct risk assessments to identify potential financial, operational, and strategic threats.
- Develop and implement risk mitigation strategies, controls, and contingency plans.
- Monitor key risk indicators and report on the organisation's risk exposure to senior management.
- Collaborate with various departments to integrate risk management practices into business processes.
- Stay updated on regulatory changes and industry best practices in risk management.
Tools & technology
Average salary
Job outlook
GrowingJob growth is expected to be above average over the next five years.
Education & training
Bachelor's degree in finance, business administration, economics, or a related field. Master's degree or professional certifications (e.g., FRM, PRM) are often preferred.
Career pathways
WHERE YOU COULD GO
CURRENT ROLE
Risk Manager
Legal & Compliance
ADJACENT MOVES
STARTING POINTS
Who thrives here
Interest profile
investigative · ICE
Individuals who enjoy in-depth analysis, structured problem-solving, and influencing strategic decisions through their findings are well-suited for a Risk Manager role.
Personality characteristics
Analytical
Possesses a strong desire to understand complex systems and identify underlying patterns of risk.
Methodical
Approaches problems with a structured, systematic process, ensuring thoroughness in risk assessment and control implementation.
Communicative
Effectively conveys complex risk information and mitigation strategies to diverse stakeholders, from technical teams to executive leadership.
Collaborative
Works effectively with different departments to integrate risk management into business operations and achieve common goals.
Composed
Maintains a calm and rational approach when faced with potential crises or high-pressure situations.
Best for
- Individuals who thrive on identifying potential problems and designing robust solutions to prevent them.
- Professionals who enjoy combining quantitative analysis with strategic thinking to impact business outcomes.
- People who are comfortable presenting complex data and influencing decisions at various organisational levels.
Watch out for
- Requires a high degree of precision and attention to detail, which can be demanding.
- Involves continuous monitoring and adaptation to evolving risks and regulations, requiring ongoing learning.
A week in the life
A representative working week for a Risk Manager — where the deep work, meetings, and admin actually land.
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