Risk Manager Duties & Responsibilities

The role and function of a Risk Manager includes the following duties and responsibilities:

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

Note that this is not an exhaustive list of Risk Manager duties and responsibilities. Job functions for specific Risk Manager roles may vary, depending on the industry and type of employer.

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