Risk Manager Job Description

risk manager

Risk Manager

A risk manager’s main responsibilities are to identify, evaluate, and prioritize risks followed by building out strategies to minimize, monitor, and control the probability of negative events/maximize opportunities.

There are several other key characteristics required to be successful in this role which are listed below in the risk manager job description.


RISK MANAGER JOB DESCRIPTION

Writing a captivating job description is a key part of helping employers bring on the best talent available – helping you stick out from the rest of the employers looking to hire the same candidates.

When written well, a job description gives the candidates a clearer picture of what the position entails.

Learn more about the key requirements, duties, responsibilities, and skills that should be included within a risk manager job description.

Common Key Responsibilities And Duties

Highlight and outline the core responsibilities related to the position. This will give the applicants a better understanding of the work they should expect and prevent uninterested/unqualified candidates from applying (to a certain point).

  • Ensure the company makes smart business decisions to promote their company’s longevity
  • Work closely with risk management personnel and company executives to identify risks and develop strategies to prevent potentially harmful practices
  • Uphold their employer’s success by thinking about how current company practices could affect their employer in the future
  • Responsible for investigating instances of fraud or unethical work practices to determine whether their employer needs to take immediate action

Common Qualifications And Skills

Identify a list of the “must” and “nice to” haves for the open position – this could include both hard and soft skills.

  • Financial knowledge: A Risk Manager is someone who should have a financial background with working with assets, markets, resources and funding.
  • Computer skills: Risk Managers should be able to work with financial databases.
  • Communication skills: Risk Managers need to talk with stakeholders about risks and how to stop risks.
  • Detail-oriented: A Risk Manager should be meticulous about keeping records and recording risk data.
  • Analytical skills: A risk assessment manager should have skills involving data use, statistics and math to be able to manage data and financial information.
  • Enterprise resource planning: Risk Managers should be able to use the resources at their disposal wisely and frugally.

Responsibilities and Skills by Indeed


Related Resources


Frequently Asked Questions (FAQ)

What Is A Risk Manager’s Salary?

A Risk Manager makes on average $92,000-$139,000 per year. This number depends heavily on the level of experience, certifications/education and your geographical location.

What Is In A Job Description?

A job description typically contains the following pieces: job title, job purpose, job duties and responsibilities, required skills/qualifications, preferred skills/qualifications and education.

They will often contain a short overview of the company or team you would be joining in the role as well.

Why Is Job Description Important?

Job descriptions help identify particular skills, qualifications and experiences that are necessary for a candidate to possess in a particular role.

This gives the person hiring (whether that be HR, a hiring manager, or recruiter) a clear view on what to look out for in applicants and the job seeker an understanding of whether they are qualified for the position or not.

How Do You Write A Good Job Description?

There are a number of ways you can go about writing a good job description – but the most straight forward approach is to take it step by step.

  1. Add a basic job title (don’t get cute here)
  2. Start with a short but exciting summary of the role
  3. Focus on the key responsibilities needed to fulfill the job
  4. Require only the most important skills (asking for too much will deter candidates)
  5. Add education requirements if it’s necessary
  6. Write a short overview of your company and the culture

Job Description Template (Source: SHRM)

Below is a job description template – the role of a Customer Service Supervisor is used as the example copy to better paint a picture of how your job description should look. Source = SHRM who also has a number of other job description template on their website here.

Job Summary:

Example: The Customer Service Supervisor will oversee and assist customer service employees in the performance of their job duties such as responding to customer inquiries and resolving issues or complaints.

Supervisory Responsibilities:

Examples:

  • None.
  • Recruits, interviews, hires, and trains new staff.
  • Oversees the daily workflow of the department.
  • Provides constructive and timely performance evaluations.
  • Handles discipline and termination of employees in accordance with company policy.
  • Duties/Responsibilities:
  • Performs other related duties as assigned.

Duties/Responsibilities:

List the essential job duties that are specific to the position.

Required Skills/Abilities:

Examples:

  • Excellent verbal and written communication skills.
  • Excellent interpersonal and customer service skills.
  • Excellent sales and customer service skills.
  • Excellent organizational skills and attention to detail.
  • Excellent time management skills with a proven ability to meet deadlines.
  • Strong analytical and problem-solving skills.
  • Strong supervisory and leadership skills.
  • Ability to prioritize tasks and to delegate them when appropriate.
  • Ability to function well in a high-paced and at times stressful environment.
  • Proficient with Microsoft Office Suite or related software.

Education and Experience:

Examples:

High school diploma or equivalent.

At least two years related experience required.

Current human resources and/or compensation credentials or certification preferred.

Physical Requirements:

Examples:

Prolonged periods of sitting at a desk and working on a computer.

Must be able to lift up to 15 pounds at times. 


Category: Risk Manager Job Description

Tags: how to write a risk manager job description, risk manager job summary, risk manager job duties, risk manager qualifications, risk manager responsibilities, risk manager required skills, risk manager education, risk manager purpose, risk manager experience

Author: Reid is a contributor to theJub. He’s an employment and marketing enthusiast who studied business before taking on various recruiting, management, and marketing roles. More from the author.


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