Risk Manager Job Description Template

Use this Risk Manager job description template to advertise the open roles for free using Longlist.io. You can use this template as a starting point, modify the requirements according the needs of your organization or the client you are hiring for.

Risk Manager Job Description Template

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Job Brief

We are looking for a Risk Manager to advise us on various types of risks (business, financial, legal and security.) You will identify potential threats and create plans to prevent and mitigate problems.

In this role, you should be highly perceptive and methodical. You should also have the ability to communicate effectively and present your plans in a convincing way. If you have experience in risk assessment and financial analysis, we’d like to meet you.

Ultimately, you will ensure that our company secures its reputation and profitability by controlling risk.

Responsibilities

  • Conduct assessments to define and analyze possible risks
  • Evaluate the gravity of each risk by considering its consequences
  • Audit processes and procedures
  • Develop risk management controls and systems
  • Design processes to eliminate or mitigate potential risks
  • Create contingency plans to manage crises
  • Evaluate existing policies and procedures to find weaknesses
  • Prepare reports and present recommendations
  • Help implement solutions and plans
  • Evaluate employees’ risk awareness and train them when necessary

Requirements

  • Proven experience as a Risk Manager
  • Knowledge of risk assessment and control
  • Experience with auditing and reporting procedures
  • Familiarity with industry compliance standards and regulations (e.g. Occupational Safety and Health Act)
  • Strong computer and research skills; knowledge of analysis software is preferred (e.g. Statistical Analysis Software, or SAS)
  • Analytical mind with problem-solving aptitude
  • Excellent communication and presentation skills
  • BSc/BA in Law, Business, Finance or a related field
  • Professional Risk Manager (PRM) certification is a plus

What does Risk Manager do?

A Risk Manager is responsible for identifying, assessing, and mitigating potential risks that could impact an organization. On a day-to-day basis, a Risk Manager may perform the following tasks:

  1. Risk Assessment: Conduct risk assessments across different areas of the organization to identify potential risks, analyzing their likelihood and potential impact.

  2. Risk Monitoring: Regularly monitor ongoing projects and activities to identify any emerging risks or changes in existing risks.

  3. Risk Mitigation: Develop and implement risk mitigation strategies to minimize the impact of identified risks. This may involve creating action plans, establishing risk controls, and allocating resources.

  4. Compliance: Ensure that the organization complies with relevant legal, regulatory, and contractual obligations, as well as internal policies and procedures.

  5. Communication: Collaborate with stakeholders, including executives, department heads, project managers, and employees, to raise awareness about risks, provide guidance, and facilitate risk management initiatives.

  6. Incident Management: Handle incidents or issues that arise, investigating the root cause, and implementing corrective actions to prevent reoccurrence.

  7. Data Analysis: Analyze risk data and metrics to identify trends, patterns, and areas for improvement in the risk management process.

  8. Training and Education: Develop and deliver training programs to enhance risk management awareness and knowledge across the organization.

  9. Insurance Management: Oversee insurance programs, including reviewing policies, evaluating coverage adequacy, and managing claims.

  10. Risk Reporting: Prepare regular reports and updates for management, board members, and other relevant parties to keep them informed about the current risk landscape and the effectiveness of risk management efforts.

It's important to note that the specific responsibilities of a Risk Manager may vary depending on the industry, organization size, and complexity of operations.

Risk Manager Job Description Examples

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