Risk Management Specialist  What They Do

Just the Facts

Risk Management Specialists Career Video

Analyzes and manages risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.

This career is part of the Finance cluster Securities and Investments pathway.

A person in this career:

  • Develops contingency plans to deal with emergencies.
  • Recommends ways to control or reduce risk.
  • Analyzes areas of potential risk to the assets, earning capacity, or success of organizations.
  • Documents, and ensures communication of, key risks.
  • Maintains input or data quality of risk management systems.
  • Gathers risk-related data from internal or external resources.
  • Develops or implements risk-assessment models or methodologies.
  • Devises systems or processes to monitor validity of risk assessments.
  • Meets with clients to answer queries on subjects such as risk exposure, market scenarios, or values-at-risk calculations.
  • Produces reports or presentations that outline findings, explain risk positions, or recommend changes.

Insider Info

Dig into the details and check out what people in this job have to say about their work.

Working Conditions and Physical Demands

People who do this job report that:

  • You would sit most of the time. There's some walking and standing. You may have to lift and carry things like books, papers or tools weighing 10 lbs. or less.
  • Work in this occupation requires being inside most of the time
  • Work in this occupation involves sitting more than one-third of the time

Working in this career involves (physical activities):

  • Seeing clearly at a distance
  • Seeing clearly up close
  • Speaking clearly enough to be able to be understood by others
  • Identifying and understanding the speech of another person

Work Hours and Travel

  • Irregular hours
  • Overnight travel
  • Overtime work
  • Weekend work

Specialty and Similar Careers

Careers that are more detailed or close to this career:

  • Chief Risk Officer --
  • Credit Risk Management Director --
  • Global Risk Management Director --
  • Risk and Insurance Consultant --
  • Risk Management Director --
  • Risk Manager -- Assesses and quantifies business risks and then takes measures to control or reduce them.