A Risk Manager, or Risk Assessment Manager, is responsible for determining the types of risks that could affect a company’s financial health, legal compliance or reputation. Their duties include communicating with company leadership personnel, Department Managers or legal staff, reviewing operational procedures, employee data or market trends and presenting their findings to upper management personnel.
A Risk Manager should be able to fulfill various duties and responsibilities. The following are some duties and responsibilities a Risk Manager should be able to execute:
- Review and give an assessment of all suspicious account activity
- Conduct research into possible fraud and report on any findings
- Investigate potential risks and assess those risks
- Report on any risks to the risk management director
A competitive Risk Manager will have certain skills and qualifications, including:
- 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.
- Enterprise resource planning: Risk Managers should be able to use the resources at their disposal wisely and frugally.
