What is a Risk Management Specialist?
Risk Management Specialist Job Description Analyze and manage risk management issues by identifying, measuring, and making decisions on operational or enterprise risks for an organization.
Life As a Risk Management Specialist
- Evaluate the risks related to green investments, such as renewable energy company stocks.
- Consult financial literature to ensure use of the latest models or statistical techniques.
- Develop or implement risk-assessment models or methodologies.
- Confer with traders to identify and communicate risks associated with specific trading strategies or positions.
- Evaluate the risks and benefits involved in implementing green building technologies.
- Identify key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments.
Qualities of a Risk Management Specialist
Below is a list of the skills most Risk Management Specialists say are important on the job.
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.
Related Job Titles
- Market Risk Specialist
- Operational Risk Management Vice President
- Operational Risk Manager
- Security Consultant
- Risk Manager
Job Outlook for Risk Management Specialists
There were about 135,900 jobs for Risk Management Specialist in 2016 (in the United States). 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. The BLS estimates 13,100 yearly job openings in this field.
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 each U.S. state?
|State||Annual Mean Salary|
|District of Columbia||$107,760|
Tools & Technologies Used by Risk Management Specialists
Although they’re not necessarily needed for all jobs, the following technologies are used by many Risk Management Specialists:
- 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
Becoming a Risk Management Specialist
Are there Risk Management Specialists education requirements?
How Long Does it Take to Become a Risk Management Specialist?
Who Employs Risk Management Specialists?
Risk Management Specialists work in the following industries:
You May Also Be Interested In…
Those thinking about becoming a Risk Management Specialist might also be interested in the following careers:
Those who work as a Risk Management Specialist sometimes switch careers to one of these choices:
Image Credit: Dave Dugdale via Creative Commons Attribution-Share Alike 2.0 Generic
More about our data sources and methodologies.
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