Risk Manager

Risk managers identify, assess, and manage risks to the company’s financial health, develop risk mitigation strategies, and ensure compliance with risk management policies. They monitor financial systems, conduct risk assessments, and report to senior management. Risk managers also develop contingency plans and ensure the organisation’s resilience.

While an organisation may have distinct roles for risk managers, many other roles in financial services such as project managers, business analysts, financial analysts etc. require a fundamental understanding of risk management frameworks.

Risk management roles are typically found across all the financial services subsectors.

Key Responsibilities

  • Risk Assessment: Conduct evaluations to identify and analyse risks.
  • Policy Development: Create and maintain risk management policies.
  • Training and Guidance: Educate employees on risk mitigation techniques.
  • Reporting: Generate regular reports on risk exposure and mitigation outcomes.

Important Skills and Competencies

Opportunities and Career Progression

Risk Managers can advance to Senior Risk Manager, Head of Risk, or Chief Risk Officer positions.

Related skills

Analytical skills

Analytical skills involve the ability to collect, interpret, and analyse data to solve problems, make decisions, and understand complex issues. read more

Problem solving

Problem-solving is the ability to identify, analyse, and find effective solutions for complex issues and challenges. read more

Planning

Planning is all about setting clear goals, defining a timeline in which you plan to achieve them, and tracking your… read more

Risk management

Risk management as a skillset involves identifying, assessing, and controlling threats. read more

Sense making

Sense making is the ability to interpret complex information and understand its deeper meaning. This skill is crucial in the… read more

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