Risk Manager

Alternate Titles: Risk and Insurance Manager, Risk Analyst

Risk Managers safeguard a company by advising it of any risks to its profitability, reputation, or existence. Risk Managers identify and manage potential threats, working in a variety of fields and sectors. They design and oversee risk management plans and implement risk control actions, such as purchasing insurance or instituting certain health or safety regulations. They assess, analyze, evaluate and report risks to key people within the company.

Risk managers oversee programs to minimize risks and losses that might arise from financial transactions and business operations. They control financial risk by using hedging and other techniques to limit a company’s exposure to currency or commodity price changes. Managers specializing in international finance develop financial and accounting systems for the banking transactions of multinational organizations. Risk managers are also responsible for calculating and limiting potential operations risk. Operations risk includes a wide range of risks, such as a rogue employee damaging the company’s finances or a hurricane damaging an important factory.

Source: U.S. Department of Labor, Bureau of Labor Statistics, Occupational Outlook Handbook