Risk Manager job description
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What does a Risk Manager do?
The Risk Manager is essential in safeguarding the company's assets by identifying, assessing, and mitigating risks that could impact organizational objectives. This role supports strategic planning efforts by ensuring that potential threats are effectively managed and controlled.
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What are the Key Responsibilities of Risk Manager
- Develop and implement risk management policies and processes.
- Identify and assess risks to the organization's operations.
- Advise on risk management strategies to minimize exposure.
- Conduct regular risk assessments and audits.
- Manage and monitor risk management systems.
- Provide training and development to company staff to raise awareness of risk management strategies.
- Prepare mitigation plans and reports for senior management.
- Collaborate with external auditors and regulators.
What are the Skills and Requirements for a Risk Manager?
- Strong analytical and problem-solving skills.
- Excellent communication and negotiation abilities.
- Understanding of financial, legal, and environmental factors that impact risk.
- Proficiency with risk management software tools.
- Ability to work with cross-functional teams.
- Strong attention to detail.
What are the KPIs to track for Risk Manager?
The Risk Manager's success is determined by minimizing risk exposure, ensuring compliance with regulatory requirements, and maintaining the integrity of risk management systems.
Regulatory Compliance
Achieve full compliance with all industry regulations.
Risk Mitigation
Reduction in identified risk exposure levels.
Audit Efficiency
Successful completion of risk audits with minimal findings.
Reports to
Chief Financial Officer
Collaborates with
Compliance Team, Legal Department
Leads
Risk Analysts
Are any specific tools or software required for the Risk Manager role?
- RiskWatch
- LogicManager
- Qualys
What is the qualification of Risk Manager?
Bachelor's degree in Finance, Business Management, or a related field; 5-7 years experience in risk management.
