Risk Management
Risk Management Specialists
13-2099.02
Median wages
$56,640
Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
- Document, and ensure communication of, key risks.
- Maintain input or data quality of risk management systems.
- Recommend ways to control or reduce risk.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
- Devise systems and processes to monitor validity of risk modeling outputs.
- Gather risk-related data from internal or external resources.
- Identify and analyze areas of potential risk to the assets, earning capacity, or success of organizations.
- Develop or implement risk-assessment models or methodologies.
- Produce reports or presentations that outline findings, explain risk positions, or recommend changes.
- Plan, and contribute to development of, risk management systems.
- Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
- Meet with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
- Devise scenario analyses reflecting possible severe market events.
- Develop contingency plans to deal with emergencies.
- Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
- Analyze new legislation to determine impact on risk exposure.
- Track, measure, or report on aspects of market risk for traded issues.
- Review or draft risk disclosures for offer documents.
- Determine potential environmental impacts of new products or processes on long-term growth and profitability.
- Determine potential liability related to the use of more sustainable methods of product packaging, such as biodegradable food containers.
- Evaluate the risks and benefits involved in implementing green building technologies.
- Evaluate the risks related to green investments, such as renewable energy company stocks.
- Analytical or scientific software — Aptech Systems GAUSS; Insightful S-PLUS; SAS
; The MathWorks MATLAB - Business intelligence and data analysis software — MicroStrategy ; Tableau
- Data base management system software — Apache Hive ; Apache Pig
- Data base user interface and query software — Microsoft Access ; Structured query language SQL
- Development environment software — Microsoft Visual Basic ; Ruby
- Electronic mail software — Microsoft Outlook
- Enterprise resource planning ERP software — Oracle Fusion Applications ; SAP
- Graphics or photo imaging software — Microsoft Visio
- Information retrieval or search software — Factiva; S&P Capital IQ; Standard & Poor's Capital IQ Compustat
- Internet browser software — Web browser software
- Object or component oriented development software — C++ ; Practical extraction and reporting language Perl ; R
- Office suite software — Microsoft Office
- Operating system software — Linux ; UNIX
- Presentation software — Microsoft PowerPoint
- Project management software — Microsoft Project ; Microsoft SharePoint ; Oracle Primavera Enterprise Project Portfolio Management
- Spreadsheet software — Microsoft Excel
- Word processing software — Microsoft Word
- Reading Comprehension — Understanding written sentences and paragraphs in work related documents.
- Active Listening — Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
- Critical Thinking — Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Speaking — Talking to others to convey information effectively.
- Systems Analysis — Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
- Mathematics — Using mathematics to solve problems.
- Systems Evaluation — Identifying measures or indicators of system performance and the actions needed to improve or correct performance, relative to the goals of the system.
- Writing — Communicating effectively in writing as appropriate for the needs of the audience.
- Complex Problem Solving — Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
- Judgment and Decision Making — Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Active Learning — Understanding the implications of new information for both current and future problem-solving and decision-making.
- Monitoring — Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
- Time Management — Managing one's own time and the time of others.
- Coordination — Adjusting actions in relation to others' actions.
- Persuasion — Persuading others to change their minds or behavior.
- Social Perceptiveness — Being aware of others' reactions and understanding why they react as they do.
