What does a Risk Manager do?

A growing number of organisations are hiring risk managers to oversee the corporate response to risk. A risk manager is ultimately responsible for controlling and reducing the risks faced by an organisation. Following are some of the specific activities a risk manager undertakes:

• Designing and implementing an overall risk management strategy for the organisation.

• Creating policies and procedures to minimise and control risks.

• Identifying, analysing, and recording all relevant risks and threats faced by the organisation.

• Recommending and implementing risk management solutions.

• Preparing risk reports for executive management.

• Running risk workshops.

• Building risk awareness with staff via training activities.

• Ensuring compliance with risk standards across the organisation.

• Controlling the risk management budget.

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