Life As a Risk Management Specialist
Risk Management Specialist Example Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
What Do Risk Management Specialists Do On a Daily Basis?
- Review or draft risk disclosures for offer documents.
- Recommend ways to control or reduce risk.
- Conduct statistical analyses to quantify risk, using statistical analysis software or econometric models.
- Develop contingency plans to deal with emergencies.
- Devise systems or processes to monitor validity of risk assessments.
- Consult financial literature to ensure use of the latest models or statistical techniques.
Risk Management Specialist Skills
These are the skills Risk Management Specialists say are the most useful in their careers:
Reading Comprehension: Understanding written sentences and paragraphs in work related documents.
Critical Thinking: Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
Active Listening: Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
Speaking: Talking to others to convey information effectively.
Systems Analysis: Determining how a system should work and how changes in conditions, operations, and the environment will affect outcomes.
Writing: Communicating effectively in writing as appropriate for the needs of the audience.
Types of Risk Management Specialist
- Risk Specialist
- Operational Risk Management Vice President
- Risk Analyst
- Global Risk Management Director
- Market Risk Analyst
Is There Going to be Demand for Risk Management Specialists?
In the United States, there were 135,900 jobs for Risk Management Specialist in 2016. New jobs are being produced at a rate of 9.6% which is above the national average. The Bureau of Labor Statistics predicts 13,100 new jobs for Risk Management Specialist by 2026. There will be an estimated 13,100 positions for Risk Management Specialist per year.
The states with the most job growth for Risk Management Specialist are Utah, Nevada, and Arizona. Watch out if you plan on working in South Dakota, Maryland, or Alaska. These states have the worst job growth for this type of profession.
What is the Average Salary of a Risk Management Specialist
The average yearly salary of a Risk Management Specialist ranges between $38,030 and $123,360.
Risk Management Specialists who work in District of Columbia, Virginia, or Illinois, make the highest salaries.
How much do Risk Management Specialists make in different U.S. states?
|State||Annual Mean Salary|
|District of Columbia||$107,760|
Tools & Technologies Used by Risk Management Specialists
Below is a list of the types of tools and technologies that Risk Management Specialists may use on a daily basis:
- Microsoft Excel
- Microsoft Word
- Microsoft Office
- Microsoft PowerPoint
- Microsoft Outlook
- Web browser software
- Microsoft Access
- Microsoft Project
- Microsoft Visio
- Microsoft SharePoint
- Structured query language SQL
- The MathWorks MATLAB
- Microsoft Visual Basic
- IBM SPSS Statistics
- Microsoft SQL Server
How do I Become a Risk Management Specialist?
Are there Risk Management Specialists education requirements?
How many years of work experience do I need?
Who Employs Risk Management Specialists?
The table below shows the approximate number of Risk Management Specialists employed by various industries.
Other Jobs You May be Interested In
Those thinking about becoming a Risk Management Specialist might also be interested in the following careers:
Career changers with experience as a Risk Management Specialist sometimes find work in one of the following fields:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.