Risk Manager

Job Description

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Risk Manager Job Description

 

Title: Risk Manager

 

Overview: A Risk Manager is responsible for identifying, assessing, and managing risks that could impact an organization's operations, reputation, or financial stability. They develop and implement risk management strategies, policies, and procedures, and work with other departments to ensure that the organization is adequately protected against risks.

 

Responsibilities:

 

1. Risk assessment: The Risk Manager identifies and assesses risks that could impact the organization, including operational, financial, and reputational risks.

 

2. Risk management strategy: The Risk Manager develops and implements risk management strategies, policies, and procedures to mitigate identified risks.

 

3. Risk monitoring: The Risk Manager monitors risks and the effectiveness of risk management strategies, policies, and procedures, and makes recommendations for changes as necessary.

 

4. Regulatory compliance: The Risk Manager ensures that the organization is compliant with regulatory requirements related to risk management, including developing and implementing policies and procedures to comply with relevant laws and regulations.

 

5. Communication: The Risk Manager communicates risk management strategies, policies, and procedures to stakeholders at all levels of the organization, including senior management.

 

6. Training and education: The Risk Manager provides training and education to employees on risk management matters, including policies, procedures, and best practices.

 

Qualifications:

 

1. Bachelor's degree in business administration, finance, or a related field.

 

2. 5+ years of experience in risk management, including experience with financial risk management.

 

3. Knowledge of relevant laws and regulations related to risk management, such as SOX and Basel III.

 

4. Excellent analytical and problem-solving skills.

 

5. Strong communication and interpersonal skills, with the ability to effectively communicate with stakeholders at all levels of the organization.

 

6. Ability to work independently and as part of a team.

 

Salary: The salary for a Risk Manager varies depending on the location and type of employer. On average, a Risk Manager earns between $90,000 and $150,000 per year.