Risk Manager Job Description

What is the job description of a Risk Manager? What are the duties and responsibilities of a Risk Manager? What does a Risk Manager do?

Job description of a Risk Manager

Risk Managers conduct extensive research and assessments to determine and reduce an organization's risks and liabilities. Risk Managers advise organizations on various types of risks (business, financial, legal and security.) They identify potential threats and create plans to prevent and mitigate problems.

This Risk Manager job description example includes the list of most important Risk Manager duties and responsibilities as shown below. It can be modified to fit the specific Risk Manager profile you're trying to fill as a recruiter or job seeker.

Risk Manager Duties and Responsibilities

Risk Manager job description should contain a variety of functions and roles including:

  • 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

Risk Manager Requirements / Skills / Qualifications

Risk Manager job description should include these common skills and qualifications:

  • Degree in business administration, economics, finance, or a related field required.
  • x years of experience in risk management or a related role.
  • Excellent organizational and communication skills.
  • Strong attention to detail.
  • Proficiency in risk management, financial analysis, and related software.
  • Strong analytical and problem-solving skills.

As a hiring manager, recruiting an ideal Risk Manager starts with crafting a good job description. Use this Risk Manager job description template to save yourself time and help you attract the most qualified candidates. Feel free to revise it to meet your specific needs.

Job seekers interviewing for the role of a Risk Manager may also reference it in preparation for the interview.